Tampa Bay Business Journal: February 14, 2014

TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner goes behind-the-scenes at The Depository Trust & Clearing Corp., how Americans' changing habits are hurting Cott Corporation, and the Tampa Bay's favorite restaurants for Valentine's Day.

The Tampa office of the Depository Trust & Clearing Corporation (DTCC) is not well-known. It, however, is very important to country's security transactions. Much of the $1.6 quadrillion the DTCC processes goes through its settlement room.

The DTCC is now facing a challenge: how to let the public know enough about its operations to attract quality employees, while keeping enough details hidden so the company doesn't jeopardize its sensitive operations

Tony Portannese, managing director of human resources at DTCC, says it requires a balanced approach to recruitment.

Cott Corporation is getting its bottom line pinched by a more health conscious society. Fewer people are drinking carbonated soft drinks. That means less money is pouring into Cott's coffers.

The company posted a net loss of $11.5 million in the fourth quarter of 2013. To counter the declining revenue, Cott cut sales, general and administrative.

One possible long-term solution for the company would be expand beyond just the carbonated soft drink market.

For Valentine's Day the Tampa Bay Business Journal asked its readers which restaurants are the romantic. The winner is Bern's Steakhouse. The iconic Tampa restaurant got the most love with 31 percent of the votes.

The Columbia Restaurant garnered 22 percent of the votes, while the Salt Rock Grill and Ocean Prime each received at least ten percent. Plenty of readers also offered their favorite 'most romantic' restaurants that were not on the survey list.

For more information on these stories, click on the video player on the left, go to youtu.be/iRQBmGb5bBU or pick up this week's Tampa Bay Business Journal available on newsstands.

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