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The Tampa Tribune

Published: November 12, 2009

Blood services merge to save money
Florida Blood Services is merging its blood-testing service with a large testing company in a new partnership. Separately, St. Petersburg-based Florida Blood Services and Blood Systems Laboratories, which has offices in Phoenix and the Dallas area, test about 25 percent of the U.S. blood supply, according to a news release.

The two companies have merged their blood-testing operations in a partnership called Creative Testing Solutions. The partnership will operate out of Florida Blood Services' existing facilities and save both companies money. It also will give Florida Blood Services somewhere to continue operations if a hurricane strikes Florida, spokesman Dan Eberts said. The partnership has hired 12 medical technologies and lab assistants since the summer and expects to hire more.
Sypris Electronics wins $200 million contract

Sypris Electronics, a military contractor, has won a federal contract worth up to $200 million to produce a communications device in Tampa. A subsidiary of Sypris Solutions Inc., Sypris Electronics announced Wednesday that the Department of Defense awarded it a contract to produce an indefinite quantity of RASKL electronic key fill devices. The devices help hand-held devices communicate securely, company spokeswoman Jennifer Limeri said. Sypris Electronics has an office in Tampa on McKinley Drive near Busch Gardens.

HP to buy 3Com in $2.7 billion deal

Hewlett-Packard Co., looking to expand into a business long dominated by Cisco, said Wednesday it has agreed to buy networking software and equipment maker 3Com Corp. in a deal the companies valued at $2.7 billion.

HP also issued a preliminary report Wednesday for the three months that ended in October, saying it earned 99 cents a share, compared with 84 cents a year ago.

After adjusting for restructuring and other one-time items, HP said it earned $1.14 a share. Revenue fell 8 percent from the same period a year ago to $30.8 billion. By both measures, HP did better than Wall Street was expecting, according to a Thomson Reuters poll.

Macy's narrows its quarterly loss

Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off.

The department store operator, based in Cincinnati, said Wednesday that it lost $35 million, or 8 cents a share, in the quarter ended Oct. 31. That compares with $44 million, or 10 cents a share, in the year-ago period.

Excluding costs to consolidate several divisions and roll out the localization plan, Macy's lost 3 cents a share.

Macy's reported revenue fell almost 4 percent to $5.28 billion. Sales at stores open at least a year were down 7.5 percent in the quarter.

Applied Materials to cut up to 1,500 jobs

Applied Materials Inc. said Wednesday that fiscal fourth-quarter net income fell 40 percent and announced it would cut 1,300 to 1,500 jobs to save money as it grapples with a business downturn.

The chip equipment maker said the job cuts represent 10 percent to 12 percent of its global work force and are part of a restructuring plan to save $450 million a year.

A staff and wire report

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