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In brief

By TIMES WIRES
Published September 27, 2006

Jabil sales rise, but full report is delayed

Jabil Circuit Inc. of St. Petersburg said fourth-quarter sales increased 45 percent to $3-billion, pushing shares up $2.01, or 7.2 percent, to $29.90 in extended trading on the New York Stock Exchange. The electronics manufacturer delayed reporting full results because of an investigation into stock-option grants. The company expects to file an annual report with regulators by Nov. 14 and continues to predict costs of as much as $250 million because of job cuts and the relocation of factories.

State puts $32M into recruiting biotech firm

A joint legislative budget subcommittee on Tuesday approved $32-million to recruit Torrey Pines Institute for Molecular Studies to Florida from California to a new campus in Port St. Lucie. The state grant is part of a $90-million incentive package which includes state, county and private funds. Torrey Pines, a research institute based in La Jolla, Calif., said it will create 189 jobs in Florida over the next 10 years.

Raymond James allots $5M for settlements

Raymond James Financial Inc., a St. Petersburg retail brokerage with 2,200 offices, said it will set aside $5-million more to pay legal settlements. The pretax charge pertains to an agreement that covers all but one of the remainder of the so-called Lapin group of claims against the company, it said in a statement Tuesday. Last year, Raymond James reached a settlement with some 380 plaintiffs constituting two thirds of the Lapin claims for $24 million. The lawsuits related to a mortgage-lending program administered by a company owned in part by two individuals who were registered as Raymond James financial advisers, according to an August regulatory filing.

Hospitality career fair is Thursday in Tampa

More than 20 Tampa Bay area hotels, resorts and restaurants will host a career fair in Tampa on Thursday to recruit prospective employees. Employers, including the Seminole Hard Rock Casino & Hotel, the Innisbrook Resort and the Tampa Marriott Waterside, will be available to talk about openings and conduct advance interviews. The World of Hospitality Career Expo will be held from noon to 8 p.m. at the A La Carte Event Pavilion at 5040 Dana Shores Drive in Tampa.

[Last modified September 26, 2006, 23:28:04]