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Today’s headlines
Florida Power to drop tower as headquarters

[AP file photo]
Progress Energy says shifting most St. Petersburg workers to another office does not signify less commitment.

Val-Pak's owner to reduce its staff
About 20 percent of Cox Target Media's work force will be let go as the company merges its direct mailings.

Problems, losses grow at Coast
The dentist management company's year-end report reveals a $1.3-million loss and other operating difficulties.

Business today
GREENSPAN ATTACKS PROTECTIONISM: Federal Reserve chairman Alan Greenspan expressed concern the economic slowdown could trigger a protectionist backlash against free trade, which he said would be a "great tragedy" for the country. In an appearance before the Senate Finance Committee, Greenspan described anti-globalization protesters as well-meaning but "wrong-headed." Poor nations "need more globalization, not less," Greenspan said, urging rich nations to dismantle trade barriers so more Third World products can be sold in their markets.