St. Petersburg Times
Online: Business
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May 25, 2001  
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Robert Trigaux
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Today’s headlines
Robert Trigaux
Wachovia cliffhanger promises more twists, turns
Dare we update As The Egos Turn, our banking soap opera? Wachovia chief Bud Baker still spurns the higher-priced but vindictive takeover attempt by SunTrust Banks CEO Phil Humann in favor of the lower-priced but friendly offer by First Union top exec Ken Thompson.

America West lands last among airlines
A recent Forbes magazine study ranks the airline at the bottom of an industry awash in terrible service and performance.

Movie industry projects bottom
Beleaguered theater owners suggest the worst is yet to come as the industry remains heavily overbuilt.

Business digest
MCDONALD'S APOLOGIZES FOR FRIES: McDonald's Corp. has issued an apology for any confusion surrounding the beef flavoring in its U.S. french fries, a practice that prompted a lawsuit this month by some Hindus and vegetarians. The apology was issued via a statement on its Web site. McDonald's has acknowledged that a small amount of beef flavoring is added to its french fries during potato processing before they are shipped to restaurants in the United States. The fast-food chain said in 1990 that its restaurants would no longer use beef fat in cooking french fries and that only pure vegetable oil would be used.



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