Fill out this form to email this article to a friend
Bank to offer new round of stock shares
By Times staff and wires
Published May 17, 2006
Old Harbor Bank plans a secondary stock offering of 700,000 shares the first week of June. The Clearwater-based community bank has $137-million in assets and plans to open its fifth office this year. Its stock closed Tuesday at $17.25 a share in trading on the OTC Bulletin Board. Kendrick Pierce Securities of Tampa is the sales agent for the new offering. New operator approved at port P&O Ports Florida should be taking over container and general cargo terminals at Tampa's port next month. Tampa port commissioners approved terminal operator and stevedore licenses for P&O on Tuesday. The Tampa Port Authority should complete a contract with P&O next month so the company will be running the terminals when a direct container service from Asia starts in late June, said port director Richard Wainio. Scripps lease deal gets final approval Gov. Jeb Bush and the Florida Cabinet on Tuesday approved the final lease agreements permitting the long-awaited Scripps Research Institute to locate its biotech research facility on Florida Atlantic University's campus in Jupiter. The cabinet's unanimous approval ends 2½ years of debate over the location of the California-based nonprofit's expansion to Florida. Auto union authorizes strike against Delphi United Auto Workers members have voted to authorize a strike against auto parts supplier Delphi Corp., adding a new threat to already tense negotiations between the two sides and Delphi's former parent and largest customer General Motors Corp. The UAW said Tuesday that more than 95 percent of members who voted approved the strike authorization. UAW members had been expected to approve the measure, which allows the international union to call a strike against Delphi if it feels one is necessary as the two sides bargain over wages. UAW locals were required to complete voting by Sunday. Hyundai boss indicted on slush fund charges Prosecutors indicted Hyundai Motor Co. chairman Chung Mong-koo on Tuesday in an embezzlement and slush fund scandal gripping South Korea's largest automaker. Chung, 68, who has been in custody since his April 28 arrest, was charged with embezzlement and breach of trust, said Kang Chan-woo, spokesman for the Supreme Prosecutors' Office. Prosecutors said Chung was suspected of embezzling about $106-million in company money to create the slush fund and of breach of trust for allegedly incurring about $320-million in damages to the company.
[Last modified May 17, 2006, 06:58:58]
Share your thoughts on this story
|
News
Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
Print
Email story
Comment
Email editor
