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Business Today

Turner picked for Trump Tower project

By wire services
Published December 16, 2005

Donald Trump and Simdag Development, developers of Trump Tower Tampa, have picked Turner Construction Co. of New York City as general contractor for the $270-million, 52-story project.

Seawall shoring work is under way on the parcel along the Hillsborough River on South Ashley Drive. Foundation work is expected to begin in mid January, with construction taking 33 months. Turner, which did $7-billion worth of construction in 2004, said 92 percent of subcontractors on the project will be from the Tampa Bay area.

Visit Florida expects bump in '06 tourism

About 3.2 percent more visitors are expected to come to Florida next year, but worries about busy hurricane seasons are keeping some travelers away, the state's tourism marketing agency said Thursday. Next year's outlook is higher than the national forecast of up to 2 percent more visitors to the United States next year, Visit Florida said at its board meeting. Tourism is Florida's biggest industry, with revenues of about $57-billion last year. Last year, 79.7-million people visited Florida, the most ever.

Trinsic now on OTC Bulletin Board

Shares of Trinsic Inc. began trading Thursday on the OTC Bulletin Board. The Tampa phone company's stock had been trading on the "Pink Sheets" quotation system since Nov. 21 when the company was delisted from the Nasdaq SmallCap Market. Trinsic hopes the OTC Bulletin Board listing will increase trading in its stock, corporate counsel Andrew Graham said Thursday. Trinsic's shares, which trade under the symbol TRIN.OB, closed Thursday at 60 cents a share, down 22 cents.

Odyssey's stock rises on ship discovery

Odyssey Marine Exploration's stock rose 15 percent Thursday, to $3.78 per share, after the Tampa company announced it began the recovery of a potentially valuable shipwreck in the western Mediterranean. Odyssey believes it has found the remains of an English warship that sank in 1694, possibly with valuable coins aboard.

Winn-Dixie gets 90-day extension

Winn-Dixie beat back an attempt by its creditors Thursday for a quicker resolution of its bankruptcy case, winning a third 90-day extension for coming up with a plan for the company to emerge from Chapter 11 reorganization by June.

Black indicted again

Former newspaper mogul Conrad Black, accused of fraud, was indicted by federal prosecutors Thursday on more charges, including racketeering and obstruction of justice. The charges come two weeks after Black pleaded not guilty to charges related to the alleged looting of more than $80-million from Hollinger International Inc., the newspaper empire he once controlled.

[Last modified December 16, 2005, 00:54:19]

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