Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

BB&T OFFICE TOWER HAS SOLD FOR $30 MILLION

An investment company bought the 18-story BB&T office tower for $30 million. An affiliate of Harbor Group International LLC bought the building, which is located on Forsyth Street downtown. In 2004, the company bought another downtown property - One Enterprise Center, which is the Wachovia building on the Northbank.

Joe Light/Times-Union

MODIS AWARDED CIRCUIT CITY VENDOR CONTRACT

Modis, the information technology staffing business unit of MPS Group Inc., Tuesday announced that it has been awarded contract vendor status by Circuit City Stores Inc., a leading specialty retailer of consumer electronics and related services headquartered in Richmond, Va.

Circuit City awarded Modis contract vendor status following a recent reduction and reorganization of its national vendor list. Modis will provide placement of information technology professionals in a broad range of IT service areas.

Modis Inc. is one of the world's largest providers of information technology services and solutions through a mix of internal staff, outside consulting resources, and project outsourcing. According to the company's statement, Modis delivers IT solutions to more than 1,000 clients around the world.

The Times-Union

BEST BUY EARNINGS SLIDE PARTLY ON CHINA BUSINESS

Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate on Tuesday, blaming a softening economy that's steering shoppers away from high-margin items like flat-screen TVs.

The company also reported that first-quarter earnings fell 18 percent, partly in response to the inclusion of the company's new lower-margin business in China. Shares slid $2.83, or 5.9 percent, to $45.18 Tuesday.

Chief Executive Officer Brad Anderson said weakness in the overall economy was a major factor in the company's sales skewing away from high-margin, big-ticket products. …

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