South Florida Sun Sentinel from Fort Lauderdale, Florida • Page 31

Sun-Sentinel, Saturday, September 10, 1994 7B BUSINESS WIRE Staff and wire reports Utility pells out off pipeline FLORIDA Combination deals boost Arby's sales Arby's restaurants that are experimenting with a discounted fast-food package have increased sales in the last month, Bloomberg Business News reported. Donald Pierce, president of the Fort Lauderdale-based company, said Arby's plans to expand the combination of a sandwich, rench fries and soda to dozens of other restaurants in the months ahead. jjThe idea is that people will come back more frequently if there's good value," said Pierce, who has headed the company since April 1993. Business groups schedule reception The Black Economic Development and Hispanic Business groups of the Greater Miami Chamber of Commerce are having a -business networking reception for their members on Thursday tfrom 5:30 to 7:30 p.m., at the PCA Family Medical Center of Little Havana, 1492 W. Flagler Street.

Milestone Properties declares dividend $4 million after taxes. Florida Power will still show a profit for the quarter, he said. "We're having a very strong quarter, and I don't think the investors will feel this," Warren said. The utility had earnings of $85.2 million, or 93 cents a share, on revenue of $769 million in the third quarter last year. Florida Progress shares closed down at 283, on volume of 100,000 shares, below its three-month average daily volume of 176,000 shares.

The company's withdrawal was announced near the end of trading on Friday. The project is to consist of a 170-mile line from Pascagoula to Okaloosa County in the Florida Panhandle, and a 545-mile line from Okaloosa to Polk County in the western part of the state. company, has assets of more than $10 billion. TransCanada is a pipeline company with $8 billion in assets. The project, which is to provide the second source of natural gas in the state, consists of two general partnerships, SunShine Pipeline Partners and SunShine Interstate Pipeline Partners.

Among the expected customers of the pipeline, other than Florida Power, are People's Gas, Central Florida Gas, and the cities of Lakeland and Leesburg, Tomasso said. Florida Gas Transmission Co. is the other natural gas source in the state, Warren said. Florida Power has sunk $6 million into the pipeline since 1992, Warren said. This payment will cause the company's third-quarter earnings to be reduced by Bloomberg Business News TAMPA Florida Power Corp.

said on Friday it has withdrawn as a $180 million minority partner in a planned natural gas pipeline that is to serve Florida industry and residents. The utility's two partners, Coastal Corp. of Houston, and TransCanada PipeLines Ltd. of Calgary, said they will increase their investments to become 50-50 partners in the $600 million pipeline. Florida Power, the second-biggest electric utility in the state with 1.2 million customers, said the payoff from the Mississippi-to-Florida project wasn't going to be enough to justify the investment amid increasing industry competition and stiffer environmental standards.

Boca Raton-based Milestone Properties on Friday announced that its directors have declared a $.195 per-share divi dend on its 78-cent Convertible Series A Preferred Stock for Poll on keeping workers shows a little flattery goes a long way "When we looked at our priorities, this fell out as a lower priority," said Bill Warren, Florida Power spokesman. The St. Petersburg-based company said it will focus on its core utility business. Florida Power, a unit of Florida Progress said it plans to buy 42 percent of the gas once the pipeline is completed. Construction on the 715-mile pipeline is expected to begin next year, and it is due to be operating by the end of 1995, Warren said.

Coastal, which had pledged to invest $240 million, will add an additional $60 million to the project, said Chris Tomasso, a spokesman for the SunShine Pipeline Project. TransCanada, which had pledged $180 million, will invest another $120 million, he said. Coastal, an energy holding was lack of recognition and praise. The Half survey adds weight to the work of scholars who have been arguing lately that the car-rot-and-stick ideas ruling corporate personnel departments do little to encourage more and better work. Researchers such as Edward Deci at the University of Rochester and Mark Lepper at Stanford University say that material rewards not only do not motivate well, but they poison natural motivators such as curiosity and self-esteem.

"Companies that believe money is an employee's sole motivation for working are destined to lose some of their best people," said Half, the firm's founder. "Praising accomplishments pro LOOSE DIAMONDS 'Act. from $100 1 ct. from $300 DIAMOND STUD EARRINGS 1 ct. from $250 the third quarter of 1994.

The dividend will be paid on or about Nov. 14 to holders of record as of Sept. 30. Miami Springs company pays dividend I International Recovery Corp. announced on Friday it has declared a cash dividend of 5 cents per share for the second quarter the 1995 fiscal year.

The dividend will be paid to all shareholders of record as of Sept. 22 and paid Oct. 14. gjj-i Miami Springs-based International Recovery provides aviation fueling services to small and mid-size carriers throughout the world. Evans Environmental announces results 10 Evans Environmental Corp.

on Friday announced revised jlfirst quarter results for the reporting period ended June 30. Revenues for the company were $3.3 million, an increase of 69 from $1.9 million in the previous year's first quarter. The reported a revised net loss of $382,593, or 3 cents per fcsh4re, for the quarter, compared to a net income of $61,991 in the comparable quarter the previous year. company stated that a correction to the accrual for la-gbor and employee benefits necessitated the revised results. Evans specializes in providing solutions to environmental such as contaminated soil and water, underground storage tanks, asbestos, lead based paint and wetland or endangered habitat management.

tool: NATIONAL vides psychological rewards that are critical to satisfaction in any professional setting." Lynn Taylor, a vice president at Half, said managers often think they are praising workers more often than they actually do and are far more likely to make negative than positive comments. Grunting "nice job" in the elevator is not a sufficient solution, she said. "They should do it in public, in front of other people as much as possible," Taylor said. "They should do it frequently, but not to the point where it is insincere." If they don't, she said, people will leave, damaging the reputation of the firm and making it more difficult to find replacements. DIAMOND TENNIS BRACELETS lcttw.

from $100 4 rt. t.w. from $1000 12 ct. t.w. from $3500 pan.

726-0875 BEFORE Watch or Set Your VCR to Record, Today WPLG CH-10 TJTmedicalhair 1-800444-0055 3575 NE 207 Street N. Miami Beach, FL33180 mmm ISi Phone trade group will challenge law ni The chief trade group for the nation's local telephone industry; said on Friday that it plans to mount a court challenge "against a controversial law banning phone companies from ''providing cable television service on their own turf. Pending passage of a broad communications reform bill in JCorigress, the group said it will file for a preliminary injunction against enforcement of the ban, which bars phone companies from providing cable to their own customers. The proposed legislation, which has passed in the House but is stalled in the Senate, would free phone and cable companies to enter each other's markets. Profits at nation's increase (Profits at savings and loans rose to $1.3 billion in the April-Jurie quarter, a sign the industry is weathering the increase in interest rates this year, the government said on Friday.

Earnings were up from $750 million in the first quarter, said the Office of Thrift Supervision, even though the rise in short-'Iterhi interest rates increased the cost of deposits. "TAt the same time, the total of loans and other assets held by thrifts increased for the first time in six years. They rose $4 billion to $773 billion. Sprint faces charges in 235 firings National Labor Relations Board will charge Sprint orp. for the alleged illegal firing of 235 Hispanic workers who were seeking to form a union, the telephone workers union said on Friday.

'The Communications Workers of America said the board recommended a federal court injunction be sought to reinstate the workers. -f'The union said the workers, all employees at Sprint's Spanish-language marketing subsidiary, La Conexion Familiar, had een fired to prevent them from becoming the first Sprint long-distance unit to unionize. is not a finding that LCF or Sprint has violated any labor laws," Kansas City, Sprint said in a statement. "No bindings of any nature will be made until a full hearing is held before an administrative law judge. Prestige Jewelers Your Diamond Cutting Source For The Best Quality And Lowest Prices In The Industry From Our Own Factory In ISRAEL! PRESTIGE WHOLESALE JEWELERS 5863 N.

University Dr. Tamarac Midway Plaza, Just North of Commercial Praise, not raise Letting employees know that they're doing good work is the most important factor in keeping workers motivated, according to a survey by Robert Half International. The survey asked 1 50 executives from the nation's 1 ,000 largest companies why employees quit: Lack of recognition, praise 34 Low compensation 29 Family, other reasons 1 16 Limited authority 1 13 Personality conflicts 8 Staff graphic SPECIAL FINANCING IS AVAILABLE AT PHSLS.iTH TOYOTA. fI3ES: C000 PE0PIE WtTH BAD CREDIT. REPO, SLOW PAY, CXARCE-OfFS, JUDGEMENTS, WE CAN CET YOUR AUTO FINANCED! CALL KIKE H.YMM: 3801 W.

SUNRISE FTJAUDERDAIE NEXT TO THE SWAP SHOP, BETWEEN S.R. 7 (441) t-95 BROWARD: 583-1254 DADE, MOhSOE, PALM BEACK 930-SSirTN jmm 9AM-9PW SOT 8AH-7PM SUN HMKPM, ATTENTION EXECUTIVES Past credit problems? Bad Credit? WE CAN HELP Our Specialty! 305 943-5000 Call Keith 8 A Insured Contractors a TiTO I 111) I I fj The Washington Post NEW YORK Ever since civilization removed the threat of death or starvation for people who did not work hard, managers have been arguing fiercely over how to motivate them. More pay? Sweet words? Company picnics? A new survey by Robert Half International, a giant staffing services firm, suggests that money has lost its impact. Companies are in danger of losing good workers, the survey said, if they do not learn to nourish egos with warm adjectives and admiring nouns. The poll of 150 executives from the nation's 1,000 largest companies found the single most common reason why employees left Prudential awarded judgment Japanese company to pay $184 million The Associated Press NEW YORK A Japanese computer disc maker must pay $184 million to Prudential Securities Inc.

to settle accusations the manufacturer breached a supply contract, an arbitration panel has ruled. Kyocera a large Kyoto-based electronics parts company, did not admit wrongdoing in the decision. The ruling was handed down Aug. 25 and announced by Prudential on Friday. The decision ends a six-year dispute stemming from the failure of LaPine Technology a Silicon Valley designer of rigid disc drives for personal computers.

In 1986, a Prudential holding company Prudential-Bache Trade Corp. arranged a financial restructuring for LaPine. Under the deal, the Prudential affiliate gained two-thirds ownership in LaPine and Kyocera, which made disc drives for La-Pine, owned the rest. Prudential accused Kyocera of refusing to supply LaPine with disc drives after the Japanese yen rose sharply against the dollar and cut into Kyocera 's profits. Prudential said that Kyocera instead supplied LaPine's rivals with disc drives and crippled La-Pine's ability to fill orders for its rigid disc drive products, forcing LaPine out of business.

The Silicon Valley company was liquidated in 1988. The International Court of Arbitration panel, ruling from San Francisco, decided that Kyocera was secretly "making more than it was shipping to LaPine" and "going into business on an extended basis for its own account and profit." The court, part of the International Chamber of Commerce, also said Kyocera "willfully misappropriated Kyocera' technology." The $184 million award, before taxes, covers contract damages, interest, attorney fees and other expenses. A lawyer for Kyocera said the company plans to ask a federal court in San Jose, to reduce or eliminate the $184 million award. Antidote for Sticker Shock. Jeej Gierokee See Your South Florida Jeep Eagle Dealer 10-5 1 INTERNATIONAL Onion Carbide sells stake in lethal plant Union Carbide Corp.

on Friday said it sold its stake in the pesticide plant that leaked lethal gas 10 years ago and set aside 'prdceeds for the thousands of victims of the worst industrial accident in history. 1L The plant in Bhopal in central India and the other assets of Jhion Carbide India were sold to a Calcutta-based company 'for'about $90 million in line with an order by the Supreme "Court to benefit the survivors and families of the dead. am- aid EARNINGS SME SALE SALE 8xi II 4x8 10x10 69 79 79 i AW Sq.FL I Sq.Ft I Sq. Ft Four Colors Pavers Two Colors 12x12 12x12 16x16 Commercial Rated Marbleized Three Colors paja in thousands except per share Empire Co. Revenue Net income Pes share Fay's Inc.

Revenue Net, income JRer share Source Line Broward: 523-5463 South Palm Beach: Dade: 866-5463 Business Menu 5090 Stock Quotes 5000 Quote Helpline 5001 Local Headlines ....5056 U.S. Treasury ....5075 Corporate Bonds ....5130 All Commodities 5122 Toronto Indexes ..5420 Indexes 5425 Year Ago $683,468 $11,933 $0.28 $633,663 $10,620 $0.24 2nd Qtr YearAgo $252,379 $2,581 $0.13 $221,925 $3,066 $0.15 Business 496-5463 National Business 5055 NYSE Most Active 5T70 NASDAQ Active 5172 AMEX Most Active 5171 Market Indexes 5165 U.S. Dollar 5070 Exchange Rates 5060 Canadian Dollar 5370 Canada Business 5355 1st Qtr POMPANO 971-5800 FULL TWO YEAR GUARANTEE FtBEE LOANER TOOLS 2099 W. ATLANTIC BLVD. AT HOME Open 7 Days SHOP 9-6, Sun.

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