Business briefs


Published: Thursday, January 27, 2005 at 6:01 a.m.
Last Modified: Thursday, January 27, 2005 at 1:03 a.m.

Gainesville apartments bought for $23.3 million

  • The Greens at West End Apartments in Gainesville has been bought by Tampa-based Florida Southeast Development KMLD Corp. for $23.3 million.
    The 202-unit complex is located at 13200 W. Newberry Road, on a PGA-rated golf course. It is a mix of apartments, flats and townhomes with one-three bedrooms, and ranging in size from 800 square feet to 1,524 square feet, according to the broker, Marcus & Millichap in Tampa, who handled the sale for Shey Associates Inc. in Gainesville.
    In announcing the sale late Tuesday, the brokerage firm said the buyer "plans to capitalize on the strong condo demand in Florida by converting the property to for-sale units."
    - Doris Chandler

    Stocks continue gains on good tech earnings

  • NEW YORK - Stocks managed to extend their gains into a second session Wednesday as a bright outlook from Oracle and better-than-expected results from chipmaker Texas Instruments lifted the technology sector.
    The Dow Jones industrial average rose 37.03, or 0.35 percent, to 10,498.59.
    The Standard & Poor's 500 index was up 5.66, or 0.48 percent, at 1,174.07. The Nasdaq composite index rose 26.14, or 1.29 percent, to 2,046.09, its best one-day point gain since Dec. 7. The tech-focused index had dropped nearly 6 percent over the last three weeks.
    - The Associated Press

    Anheuser-Busch brings brew with 'extra'

  • ST. LOUIS - Going against the grain in courting the young cocktail crowd, beermaker Anheuser-Busch Cos. is launching a new ''brew'' to go head-to-head with classic mixed drinks - traditional suds spiked with caffeine, fruit flavoring, herbal guarana and ginseng.
    The world's largest brewer's nationwide rollout this week of B-to-the-E - the ''B'' standing for beer, the ''E'' for something ''extra'' and shown as an exponent of B - came as beermakers look to piggyback strides liquor companies have made in luring young consumers to flavored and mixed drinks.
    - The Associated Press

    SBC to hang up on 7,000 jobs to cut costs

  • CHICAGO - SBC Wednesday announced an earnings decline of nearly 17 percent and the prospect of trimming more jobs this year.
    San Antonio-based SBC posted fourth-quarter earnings of $754 million, or 23 cents a share, down from $905 million, or 27 cents a share from the year-earlier period.
    SBC said it will cut 7,000 jobs by the end of this year, mostly through attrition. The job cuts are part of a plan announced last fall to trim 10,000 positions by the end of 2005. The company employed 162,700 people at the end of 2004, a reduction of more than 35,000 from its total in 2001.
    - Chicago Tribune
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