St. Joe to cut jobs, sell land

The Jacksonville-based company says it will take a $30M charge against earnings as it divests non-core assets.

Bob Ivry and Peter Woodifield |Bloomberg News

October 9, 2007

St. Joe Co., Florida's largest private landowner, plans to eliminate more than 75 percent of its work force, sell about 100,000 acres of land and scrap its dividend.