Five Big Stories of the Week
By Times Staff
Published September 9, 2007
1. Busch Gardens unveils $16-million makeover
The Tampa park's former Congo area is being retooled as an Asian rainforest with animal encounters, a space shot ride and a zip line through the treetops. It'll be called Jungala
What it means:Busch is targeting the tween market as it tries to lure visitors from larger rivals Disney and Universal.
2. Apple offers new iPods and a cheaper iPhone.
Apple drops the iPhone's price by $200 and adds features like a touch-screen player and wi-fi capacity to its iPod lineup.
What it means: Apple CEO Steve Jobs is trying to stake out an early lead in holiday tech shopping.
3. Publix names new CEO
Charlie Jenkins Jr. turns the reins of the Lakeland-based grocery chain over to his cousin, Ed Crenshaw.
What it means: Publix already has beaten the odds as a family-owned supermarket chain fending off Wal-Mart and Target ... and actually growing. Crenshaw, president the past 11 years, isn't expected to change a successful formula.
4. Cypress Gardens heads for the auction block
Creditors force Cypress owner Kent Buescher to put the Winter Haven park up for auction.
What it means:Buescher has never recovered financially from the trio of hurricanes that swept through Cypress Gardens in 2004. He borrowed $25-million to get the park back on track; insurers would pay only $6.9-million in claims.
5. Toymakers capitalize on recalls
Brands such as Playskool, Brio and GeoMag are expected to get a boost because they haven't been connected to recalls involving lead paint or dangerous magnets.
What it means:Mattel's Fisher-Price, the subject of three recent recalls, may be the most vulnerable to losing market share.
-- Jeff Harrington, Times deputy business editor
[Last modified September 7, 2007, 22:33:15]
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