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Digest

Swedish firm wins contract for water plant

By Times Wires
Published August 21, 2007


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Tampa

Swedish construction company Skanska AB said Monday it won a $49-million contract to build a water reclamation facility in Tampa. The project involves expansion of the Northwest Regional Water Reclamation Facility in West Tampa. The facility, which treats and reclaims water for irrigation, will be expanded and modernized. Capacity will be doubled to approximately 38,000 cubic meters per day. Work will begin in September.

Clearwater

Gentile buys 11 Pinellas properties

Gentile Group LLC of Clearwater has acquired 11 properties scattered around Pinellas County from Wyndham Property Management, a company controlled by developer Carl Minieri . The portfolio includes two warehouses, several office complexes and Pinebrook, an 88-unit apartment complex in St. Petersburg. The purchase price was $21.2-million. Gentile is a family owned real estate company headed by Michael B. Gentile.

NEW YORK

Economic future gauge up in July

A closely watched gauge of future economic activity edged up in July, reversing the previous month's decline. The recent erratic pattern reflects uncertainty in a U.S. economy roiled by a credit crunch. The Conference Board said Monday its index of leading economic indicators rose 0.4 percent in July, as analysts were expecting. The index fell 0.3 percent in June, after rising 0.2 percent in May. The movement of the index over the past few months mirrors the volatility of the financial markets, said Aaron Smith, senior economist with Moody's Economy.com.

WASHINGTON

T-bill rates slide

Interest rates on short-term Treasury bills fell in Monday's auction, with rates on three-month bills sliding to the lowest level in more than two years. The Treasury Department auctioned $21-billion in three-month bills at a discount rate of 2.850 percent, down from 4.630 percent last week. Another $17-billion in six-month bills was auctioned at a discount rate of 3.950 percent, down from 4.710 percent last week. The three-month rate was the lowest since three-month bills averaged 2.800 percent May 16, 2005. The six-month rate was the lowest since these bills averaged 3.870 percent Oct. 3, 2005.

[Last modified August 21, 2007, 00:40:25]


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