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Fresh faces join Raymond James Bank's board

By Times staff, wires
Published April 13, 2007

ST. PETERSBURG - Tom James stepped down from the board of Raymond James Bank Thursday, turning the chairmanship over to longtime board member Jeff Julien, who is the chief financial officer of parent Raymond James Financial Inc. New board members are James' son, Court James, a human resources director of the parent company, and Gordon Johnson, president of Highway Safety Devices in Tampa and a former Pinellas president of Bank of America.

Dow Chemical fires adviser, exec
MIDLAND, MICH. - Dow Chemical Co. has shown the door to a senior adviser and a company officer, accusing them of trying to negotiate a deal behind the company's back. Senior adviser Pedro Reinhard, who retired as the chemical giant's chief financial officer in October 2005, and Romeo Kreinberg, a divisional executive vice president, were dismissed with the approval of the board of directors, Andrew Liveris, Dow Chemical chairman and CEO, said Thursday.

Vonage's founder takes CEO reins
NEW YORK - Vonage Holdings Corp. founder Jeffrey Citron replaced Michael Snyder as chief executive after spiraling costs and the loss of a patent lawsuit led to an 82 percent drop in the Internet phone company's stock. Citron, who took Vonage public in May, also announced plans to cut jobs and marketing expenses as the company appeals a court decision that would force it to pay Verizon Communications Inc. damages for infringing patents.

New jobless claims rival February high
WASHINGTON - The number of Americans filing new claims for unemployment benefits rose last week to the highest level in two months. The Labor Department reported Thursday that applications for jobless benefits totaled 342,000 last week, up 19,000 from the previous week. The increase, which followed a rise of 13,000 the previous week, was much larger than had been expected and pushed total claims to the highest level since the week of Feb. 10.

Jury gets case of former Qwest exec
DENVER - Jury deliberations began Thursday in Joe Nacchio's insider trading trial following three weeks of testimony about what the onetime head of Qwest Communications may have known - and intended - when he sold $101 million worth of stock six years ago. Jurors started their work shortly before noon after U.S. District Judge Edward Nottingham explained that jurors must unanimously agree that the defendant acted knowingly, willfully and intended to defraud in order to find him guilty. After about five hours, jurors were told to cease deliberations and return today.

Southwest sets course for Norfolk, Va.
NORFOLK - Southwest Airlines will fly the only daily nonstop flights between Tampa and Norfolk, Va., starting June 17. The airline is offering fares as low as $69 one-way, not including taxes and fees. Southwest also announced it will add a fourth daily nonstop between Tampa and Houston, beginning June 17.

[Last modified April 12, 2007, 23:04:51]