St. Petersburg Times
Online: Business
September 11, 2001  
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Today’s headlines
Business shoulders less of tax burden
In truth, corporate taxes are just a small piece of government revenue to begin with.

Business today
QWEST CUTS BACK: Qwest Communications International said it is cutting 4,000 jobs, or 6 percent of its work force, and said the nation's economic slowdown would mean lower-than-expected sales and earnings through at least the first half of 2002. Chairman and chief executive Joe Nacchio said he expected high single-digit percentage sales growth next year, compared with a previous forecast of about 15 percent growth. To make the job cuts, Qwest will not fill open positions and will continue streamlining operations, a process that began with the June 2000 acquisition of US West, a Qwest spokesman said. Qwest shares rose $1.76 to $19.90.

Costs of insuring doctors on rise
Experts blame a jump in jury awards for the increase in malpractice fees, as well as a miscalculation by insurers.

Canceled checks going high tech
Digital images give bank customers an electronic glimpse of any canceled check in minutes, not days.

Rental DVDs edging out tapes
Blockbuster will take a $450-million charge to devote additional store space to the more profitable video discs.

Tourist promoters give boost to Tarpon Springs documentary
The television program tops a list of tourist marketing opportunities to receive backing by a Pinellas County group.

BankAtlantic can't bank on claim
BankAtlantic said its merger with Community Savings will make it the largest Florida bank. That title may belong to newcomer F.N.B.

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