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The Tampa Tribune

Published: February 12, 2009

Joffrey's Coffee Now At Publix

Publix Super Markets has begun stocking six types of coffee from Tampa-based Joffrey's Coffee & Tea Co. in all of its stores. Joffrey's secured a deal to stock two types of traditional coffee and four flavors in more than 900 Publix stores across the South. The company already supplies coffee to Sweetbay Supermarket stores in Florida. The new Publix deal will account for about 20 percent of Joffrey's' business, said company president and Chief Executive Officer Ted Abrams.

Sirius May File For Chapter 11

Sirius XM Radio Inc. has hired advisers to prepare for a possible bankruptcy filing, which could come in days, according to a news report. The New York Times said late Tuesday documents and analysis of a potential Chapter 11 filing are nearly complete, say people close to the company.

Sirius, whose radio personalities include shock jock Howard Stern, has struggled to refinance its debt load at a time when banks are skittish about lending. About $1 billion worth of debt comes due in 2009.

Madoff's Wife Took $15 Million

The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband - including $10 million on the day before his arrest on charges he ran a $50 billion Ponzi scheme, the top security regulator in Massachusetts said Wednesday.

In New York, meanwhile, the government and attorneys for Madoff agreed to a 30-day delay in the Wednesday deadline for obtaining a grand jury indictment against the money manager.

Starbucks To Cut Jobs

Starbucks Corp. on Wednesday told about 1,370 employees that their jobs will be cut as the gourmet coffee company sheds costs by closing stores and laying off employees.

The layoffs come after the company in January announced the results of its fiscal first quarter and said it would cut up to 6,700 jobs to lower costs by closing more stores.

Ford Says Sales Are Stabilizing

An executive at Ford Motor Co. says there are signs the nation's automobile market is beginning to stabilize.

Jim Farley, Ford's global marketing chief, says retail demand has held steady for the past four months. Meanwhile, the country's used car market has come "roaring back" since January. He says that means credit is available to consumers.

A staff and wire report.

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