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Digest
Progress halts making coal-based fuel
By Times staff and wires
Published May 23, 2006
Progress Energy Inc. said Monday that it has stopped producing coal-based synthetic fuel, citing high crude oil prices. Progress, the Raleigh, N.C., parent of Progress Energy Florida of St. Petersburg, produces synfuel - basically, ordinary coal treated with a chemical agent - to reap lucrative federal tax credits. In a statement, Progress said rising crude oil prices are on track to trigger a provision that gradually phases out the credit. 3 new stores coming to University Mall University Mall said Monday that it has signed deals with three tenants that are new to the Tampa market. The three, all scheduled to open in the summer, include young men's and women's apparel store Zumiez; Giti, which sells women's and juniors' apparel and accessories; and "hip hop retailer" Man Alive, a subsidiary of the Finish Line Inc. Women's apparel and accessory retailer Marianne, a division of Urban Brands Inc. which is also new to the Tampa market, opened a store at University Mall in May. Liquidmetal to settle class-action lawsuits Liquidmetal Technologies Inc., a Tampa manufacturer that went public in 2002 and relocated to California two years later, has agreed in principle to settle several class-action lawsuits for $7.5-million. Shareholders filed multiple suits against Liquidmetal and certain officers and directors in 2004 for allegedly making exaggerated claims about its past performance and future prospects. Winn-Dixie pleads guilty in lobster case Winn-Dixie Stores Inc. pleaded guilty Monday to federal charges of possessing and selling undersized spiny lobsters in violation of federal wildlife preservation laws. U.S. District Judge Paul C. Huck imposed a $200,000 criminal fine on the Jacksonville-based supermarket chain. T-bill rates drop Interest rates on short-term Treasury bills fell in Monday's auction. The Treasury auctioned $15-million in three-month bills at a discount rate of 4.705 percent, down from 4.740 percent last week. An additional $14-billion in six-month bills was auctioned at a discount rate of 4.810 percent, down from 4.820 percent last week.
[Last modified May 23, 2006, 04:52:56]
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