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TUESDAY, FEBRUARY 9, 2010 3:40 pm
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Business editor Mike Benbow's insights into all things business.
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Boeing 747-8: First Flight
February 8. 2010 (26 photos)
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WEEK IN REVIEW
Monday


Lynnwood woman knew area's stories long before ...
Everett rethinks boutique wineries
A tidy lawn could be law in Lynnwood
Sunday


Marysville family comes together amid devastati...
Monroe Correctional Complex to lessen security ...
Extra patrols will be watching for drunken driv...
Saturday


Olympics are in the air
Everett police officers cleared in 2008 shootin...
Edmonds woman leaves gift of millions
Friday


Budget squeeze may close beloved Trafton school
Endgame near on airport flight debate?
Aaron Reardon laments political sparring with c...
Thursday


4-car police pileup in Everett under investigation
Edmonds educator, famous announcer dies
Bill would suspend limits on tax hikes
Wednesday


Citizenship classes: All for a better life
Many Snohomish County kids haven't had second d...
Snohomish County jail thrives under sheriff's m...
Tuesday


Mukilteo kids’ cards help Haitians
County Council increases scrutiny on Reardon
Pentagon report a good sign for Everett's Navy ...
 

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CONTACT THE HERALD
Mike Benbow, Business Editor
benbow@heraldnet.com
 
Published: Tuesday, April 14, 2009

Business Briefly: Local unemployed to get free tech training from Microsoft

The Snohomish County Workforce Development Council will received 1,750 vouchers from Microsoft Corp. to help unemployed residents get new computer skills. The vouchers will entitle people to take computer classes for free either in person or online. And they'll also be able to take free Microsoft certification exams. To learn more about the program, choose a learning plan or register for a voucher, visit www.wdcsc.org/elevateamerica. "Many are looking to sharpen their skills during the current downturn and Elevate America provides a terrific opportunity to do so," said Sue Ambler, CEO of the development council. Microsoft is offering 30,000 of the vouchers in Washington as part of a national program.

Most tax refunds will help pay bills

Most people say they plan to use this year's tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released Monday. That compares with 35 percent who said the same thing a year ago. Only 5 percent, about the same as a year ago, said they planned to go on a shopping spree. The survey found that 38 percent of those receiving a refund said they plan to spend at least part of it. But the spending appears to be mostly on basic needs: 17 percent said they would use the money for everyday needs such as food and clothing. It was 7 percent a year ago.

Pepsi, Coke spar over sports drinks

PepsiCo Inc. sued rival Coca-Cola Co. on Monday over ads for a new version of Coca-Cola's sports drink Powerade, saying the campaign makes false claims that could hurt its Gatorade brand. The Purchase, N.Y.-based company asked the U.S. District Court in the Southern District of New York to stop Coca-Cola's campaign. PepsiCo said the ads for Powerade ion4 are false in saying it's the "complete" sports drink, better than Gatorade because that drink is missing two electrolytes -- magnesium and calcium. It said there was no evidence the new Powerade is better than Gatorade and that the Coca-Cola-made drink has the extra electrolytes only in trace amounts anyway.

T-bill rates fall in Monday auction

The Treasury Department auctioned three-month bills at a discount rate of 0.18 percent, down from 0.20 percent last week. Six-month bills was auctioned at a discount rate of 0.37 percent, down from 0.40 percent. For a $10,000 bill, the three-month price was $9,995.45, while a six-month bill sold for $9,981.29. Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, rose to 0.60 percent last week from 0.58 percent.

From Herald news services

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