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Digest

Talk of the bay

By TIMES WIRES
Published December 22, 2006

FEELING JILTED, MANY INVESTORS JETTISON JABIL

It's been a cold-shoulder season for St. Petersburg's Jabil Circuit and its shareholders. Thursday, Jabil shares fell more than 9 percent, making the stock the biggest decliner of the day on the New York Stock Exchange. Shares closed at $24.12. The hit came a day after Jabil CEO Tim Main told investors that tougher times may lie ahead. Shareholder confidence is down as Jabil isn't giving its complete financial picture because of an ongoing investigation into its stock option accounting. One analyst sniped it was one of Jabil's "ugliest" quarters.

Same TIA jobs, but new employer

Out with the old this year ... The nearly 140 employees of Raytheon Aircraft Services at Tampa International Airport will be part of a new company by mid 2007. Parent Raytheon Co. of Waltham, Mass., plans to sell the aircraft business, based in Wichita, Kan., for $3.3-billion to an affiliate of Goldman Sachs and Onex Partners. The new company will be called Hawker Beechcraft Corp., reflecting its core business of making Beechcraft single-engine planes and Hawker twin-engine corporate jets. The division employs more than 8,500, including those in Tampa, one of eight service and maintenance facilities nationwide. Raytheon's 1,500 employees in Pinellas County, who work on government defense contracts, are unaffected.

Bank grasps power of shortened name

Bancshares of Florida is finally shedding its maiden name. The Naples-based lender, with branches in the Tampa Bay area, already operates here under the Bank of Florida brand. Now the corporate parent, with $850-million in assets, has adopted Bank of Florida Inc. for itself. "Bank of Florida is such a powerful and unforgettable name," president Michael McMullan said. Powerful? Maybe. Obvious might be the better word.

New owner in store for Seminole Mall

For months, rumors have flown around Seminole that its biggest landmark - Seminole Mall - had been sold. That rumor came true Dec. 15 when Downtown Seminole LLC, a Delaware corporation, paid about $35.7-million for the almost 40 acres at 7858 113th St. N.

Wall Street pay calls for outrage

$54-million here, $100-million there, none of it deserved. Insider, 3D

. THE TICKER

. tampabay.com

Industry in crisis

Learn about the problems facing insurance companies in Florida at tampabay.com/insurance.

[Last modified December 22, 2006, 01:10:23]