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Business today

Beck names Ellison international boss

By Times Staff
Published March 7, 2006

Sam Ellison of the Beck Group construction firm in Tampa is shifting his focus south of the Rio Grande. On Monday, the company announced Ellison's promotion to president of international operations, broadening his responsibilities to include Mexican operations for the Dallas-based firm. In December, Ellison finished his term as chairman of the Greater Tampa Chamber of Commerce. He started at Beck in 1976 and until recently was managing director of the company's Tampa regional office. Beck executive Mark House will replace Ellison in running day-to-day operations in Florida.

Odyssey gets okay for "Sussex' project

Odyssey Marine Exploration Inc. of Tampa said officials with the United Kingdom's ministry of defense and archaeological experts have approved the first phase of its work exploring the wreck of the HMS Sussex, an English warship that sank in the western Mediterranean in 1694. Odyssey thinks it has located the shipwreck, which was reported to be carrying a large cargo of gold coins. The company has signed an exclusive partnering agreement with the legal owners of the wreck, the government of the United Kingdom, for excavation. The company also is working with the government of Spain to meet certain requirements, including collaboration with Spanish archaeologists.

Eminent domain issue concerns Floridians

Warding off eminent domain abuses by government should be a top priority for Florida lawmakers, according to a survey released Monday by the National Federation of Independent Business. Although legislators are studying proposed revisions of the state's eminent domain laws, most lawmakers have spoken against the U.S. Supreme Court's ruling in June that local governments can force property owners to sell and make way for private economic development when officials decide it would benefit the public. Local officials often maintain that eminent domain is necessary for revitalizing blighted neighborhoods.

Devil Rays reach deal with cancer center

The Tampa Bay Devil Rays have signed H. Lee Moffitt Cancer Center and Research Institute to a multiyear sponsorship deal, the sides said Monday. Moffitt will get advertising signs at Tropicana Field, while the Rays will support the cancer center's fundraising efforts. Terms weren't disclosed.

T-bill rates mixed

Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills down and rates on six-month bills climbing to the highest level in five years. The Treasury Department auctioned $21-billion in three-month bills at a discount rate of 4.500 percent, down from 4.510 last week. Six-month bills totaling $19-billion were auctioned at a discount rate of 4.600 percent, up from 4.580.

[Last modified March 7, 2006, 01:14:20]

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