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Business in brief

Published May 4, 2006

Polk contractor earns national recognition

A defense contractor from Polk County was named Florida Small Business Person of the Year at a luncheon in Tampa on Wednesday. The U.S. Small Business Administration chose January L. Dennison, CEO/president of Technology Research Consultants. The company makes gyroscopes for Blackhawk helicopters and other avionics equipment. She founded TRC in 1998 with five employees and has expanded the company to 80 employees and $16-million in revenue.

Bank of America names Tampa boss

Bank of America has named Bill Goede as Tampa president. Geode will serve as the senior executive representing Bank of America customer and community interests in Tampa, said Robb Hilson, president of Bank of America Florida.

No-fault insurance bill awaits fate from Bush

The Florida House on Wednesday sent a bill to Gov. Jeb Bush extending the state's no-fault automobile insurance law to Jan. 1, 2009, but even its sponsor doesn't expect it to become law. Bush has said for weeks that the proposal, which originated in the Senate, didn't go far enough to contain medical costs and that he would likely veto it. The 35-year-old no-fault law, which expires next year, requires auto insurers to provide a minimum of $10,000 coverage for people injured in an auto accident.

Northwest pilots approve pay cuts

Northwest Airlines Corp. pilots approved a package of deep pay cuts and other concessions the carrier said it needs to reorganize successfully and emerge from bankruptcy protection. About 63 percent of Northwest's 4,800 pilots voted to approve the pact. Northwest has said the 5½-year pact will save it $358-million a year. Northwest president and CEO Doug Steenland praised pilots for taking their second pay cut in two years. The average 24 percent pay cut follows a 15 percent pay cut in late 2004.

Carnival to pay $6M to settle OT dispute

Carnival Cruise Lines will pay $6.25-million to thousands of current and former crew members who alleged in federal lawsuits they were not paid proper amounts for overtime, the workers' attorney said. If approved by U.S. District Judge Marcia Cooke, the settlement would mean payouts of between $100 and $150 for nine named lawsuit plaintiffs and other amounts for as many as 39,500 people who worked on Carnival ships beginning in November 2001. The Miami cruise line will not admit wrongdoing under the settlement but will establish a grievance and arbitration process for pay disputes, Ronzetti said.

[Last modified May 4, 2006, 06:55:36]

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