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In brief

By TIMES WIRES
Published October 11, 2006

Mega merger alters Internet landscape

How will Yahoo respond to Google's purchase of YouTube, whose young leaders enjoy their new place among Web royalty?

Publix plans pair of stores in Chattanooga

Publix Super Markets Inc. confirmed its plans to expand into the Chattanooga, Tenn., market if plans for its first two new stores there are approved. Lakeland-based Publix, which operates 883 stores in five states, has 13 stores in Tennessee, all of which are in the Nashville area.

First Advantage buys forensics firm's assets

First Advantage Corp. of St. Petersburg has acquired the assets of EvidentData Inc., a computer forensics and electronic discovery company in Rancho Cucamonga, Calif. Financial terms of the deal were not disclosed. The acquisition will expand First Advantage's litigation support services.

Winn-Dixie plan wins creditors' approval

Winn-Dixie Stores Inc. took a big step Tuesday toward coming out of bankruptcy after enough of its creditors, including landlords and vendors, voted to approve the supermarket chain's reorganization plan. The next step is a hearing Friday in which U.S. Bankruptcy Judge Jerry Funk will be asked to approve the plan. The Jacksonville-based company hopes to emerge from bankruptcy by mid November with a new board of directors.

Oil prices at lowest level in eight months

Oil prices sank to their lowest level in nearly eight months Tuesday as doubts mounted that OPEC is on the verge of slashing its output by almost 4 percent. Analysts said the 1-million-barrel-a-day cut sought by some members of the Organization of Petroleum Exporting Countries does not appear to have the support of Saudi Arabia, the cartel's largest producer, and is therefore unlikely to be implemented. Light sweet crude for November delivery on the New York Mercantile Exchange declined by $1.44 to settle at $58.52, the lowest close since Feb. 16.

T-bill rates rise

Interest rates on short-term Treasury bills rose in Tuesday's auction with the rate on three-month bills climbing to the highest level in six weeks. The Treasury Department auctioned $16-billion in three-month bills at a discount rate of 4.850 percent, up from 4.765 percent last week. An additional $15-billion in six-month bills was auctioned at a discount rate of 4.890 percent, up from 4.825 percent last week. The three-month rate was the highest since these bills averaged 4.855 percent on Sept. 5. The six-month rate was the highest since 4.920 percent on Sept. 18.

On the Web

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[Last modified October 10, 2006, 23:26:40]