Talk of the bay: Disney plans to pump up size of sports complex
By Times Staff
Published March 29, 2007
Disney plans to pump up size of sports complex
Disney's Wide World of Sports, a 220-acre athletic complex in Lake Buena Vista that hosted 180 amateur and pro sports events in 2006, is more than doubling the size of its field house facilities. Walt Disney Co. on Wednesday said it will start building the 70,000-square-foot Jostens Center that will open in late 2008 with space for several basketball and volleyball courts and roller-hockey rinks. Disney signed a sponsorship deal with Jostens, a Minneapolis company that makes class rings and graduation memorabilia. Jostens plans to sell personalized memory books to athletes who train there. The new facility is more than twice the size of the Milk House, a nearby Disney field house sponsored by the National Dairy Association.
Remeron users to get dose of cash
About 4,700 Floridians who use the antidepressant drug Remeron soon will receive a refund as part of a settlement agreement with the drug's manufacturers, Attorney General Bill McCollum announced Wednesday. Floridians and public agencies will share $1-million in rebates as a result of the agreement reached with all 50 states in February. The settlement resolves antitrust claims against Ako Nobel N.V. and Organon USA Inc., which were accused of preventing a low-priced generic equivalent of Remeron from being made available.
BankAtlantic will withdraw 255 jobs
Customer deposits didn't grow as fast as BankAtlantic Bancorp expected, so the Fort Lauderdale-based bank said it is cutting 255 jobs, about 8 percent of its work force. The layoff announcement has minimal impact in the Tampa Bay area, where BankAtlantic is still in the growth mode, with 14 branches and four more in the works.
'M' marks Macy's moniker makeover
Federated Department Stores Inc. will join the one-letter-stock-symbol club when shareholders approve changing the company name to Macy's Inc. on May 18. Macy's has been assigned "M" to become the 15th single-letter stock on the New York Stock Exchange. Others range from "A" for Allegiant Technologies to "Y" for Allegheny Corp. "M" was vacated by M Corp., a Dallas bank, in 1989. Federated, which got its name as a federation of family owned department store chains operating under a variety of names, now is down to only Macy's and Bloomingdale's.
Agency files to be receiver for Universal
As Universal Health Care Insurance Co. continues its court battle to avoid liquidation, the Florida Department of Financial Services filed a petition in Leon County court Wednesday to be appointed as receiver as of midnight Saturday. The department based its filing on a letter from regulators advising there are grounds for receivership, and a consent to liquidation order signed by Universal. Should St. Petersburg-based Universal be liquidated, regulators would gather the company's assets and evaluate claims against it.
Electronics firm wins DOD contract
Sypris Electronics LLC of Tampa said it was awarded a U.S. Department of Defense contract for the KIV-19M encryption device. Designed to survive battlefield conditions, the lightweight unit encrypts digital data at high speeds. Sypris' contract does not specify the number of units to be bought.