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Digest

In brief

By TIMES WIRES
Published August 2, 2006


In any language, he's master of the deal

Andrew Jerrold Perenchio, who doesn't speak Spanish, is about to add $1-billion to his estimated $2.9-billion fortune by selling Univision, the Spanish-language television company he bought 14 years ago.

Developer signs up as Outback Bowl sponsor

The Outback Bowl, Tampa's biggest contribution to college football, has nabbed a major-league sponsor. Developer Edward DeBartolo Jr. has agreed to become an "official game sponsor" of the New Year's Day game. Financial terms weren't disclosed. DeBartolo grew rich on his family's shopping mall empire and formerly owned the NFL's San Francisco 49ers. A couple of years ago, DeBartolo settled in Tampa to run his company and other affiliates. Outback will remain the bowl's title sponsor through at least 2010.

Bank of America part of tax-evasion inquiry

Bank of America Corp. and two other banks allowed offshore trusts designed to shield taxes to open accounts without providing information required by antimoney-laundering laws, a U.S. Senate investigation has found. The Permanent Subcommittee on Investigations released a 401-page report Monday detailing how attorneys, accountants, bankers and others promote offshore jurisdictions as a way to evade U.S. taxes. The report calls for the tightening of laws and regulations related to offshore trusts. The bank has not been charged with violating any law.

TradeWinds becomes smoke-free property

The TradeWinds Island Resorts is now a nonsmoking property. On Tuesday, the resort began prohibiting guests from lighting up in the last 61 rooms where smoking had been permitted. Customers caught smoking in the resort face a $200 cleaning charge.

Walter announces management changes

William F. Ohrt, executive vice president and chief financial officer of Walter Industries of Tampa, is retiring effective Aug. 15, to be replaced by Joseph J. Troy, who joined Walter in November 2000. The company also named Victor Patrick vice chairman, also effective Aug. 15. The changes clarify the future leadership of Walter Industries after the planned spinoff of Mueller Water Products, expected to take place by the end of the year.

Treasury secretary supports strong dollar

Treasury Secretary Henry Paulson voiced support for a strong dollar Tuesday and said America "must welcome competition, not run away from it" if the country wants to maintain a competitive advantage. Delivering his first major speech since he was sworn in three weeks ago as the nation's 74th Treasury secretary, Paulson said he would work to tackle long-term problems such as the need to overhaul the government's three huge benefit programs: Social Security, Medicare and Medicaid.

[Last modified August 2, 2006, 01:10:55]


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