September 7, 2000
Deal stirs dire predictions
WorldCom's plan to buy Intermedia Communications has investors and Intermedia employees fretting.
Low profile suits Largo airline just fine
Southeast Airlines' owner says he wants to be a success, but on a relatively small scale.
Push is on to promote Tampa's downtown
An $80,000 marketing campaign will try to drum up interest in the area.
State targets accident fraud
A grand jury studying financial crimes offers potential remedies to curb ambulance chasing lawyers and doctors.
Business Digest
EURO HITS NEW LOW: Currency traders drove the euro to record lows against the dollar as fears spread that European politicians were at odds with the European Central Bank over monetary policy. In late New York trading, the euro was worth 87.01 cents after falling as low as 86.87 cents. Analysts speculated it could tumble as far as 80 cents or even 75 cents over the next few months, adding to the continent's embarrassment over a currency once heralded as a rival to the dollar. The ECB has raised interest rates five times this year only to see the currency steadily plummet against the dollar since its launch in January 1999, when it was worth $1.16. GARVEY SUED OVER AD CLAIMS: Former baseball star Steve Garvey was sued by federal regulators, who accused him of making false claims about a weight-loss product he endorsed in infomercials. Garvey and his management company played an "active role" in developing pitches that claimed that the Enforma diet system allowed users to eat what they want and still lose weight, the Federal Trade Commission said. In April, Enforma agreed to pay $10-million in consumer redress to settle FTC charges against the company. An attorney for Garvey said his client was only a pitchman and isn't legally responsible for any false claims made by the manufacturer.
