Microvision Inc., which makes augmented vision and display technology, said it will perform another $400,000 in development work for an unnamed customer that previously contracted with the Bothell-based company. With the add-on work, Microvision has announced new contract bookings in excess of $7.6 million so far during the first quarter.
Martha Stewart returns to work
A beaming Martha Stewart returned to work Monday, blowing a kiss and waving as she arrived to speak to cheering employees. After five months in prison and a weekend spent more comfortably at her 153-acre suburban New York estate, Stewart spoke to staff at Martha Stewart Living Omnimedia Inc. in Manhattan, as members of the media looked on, greeted workers and thanked them for their support.
WorldCom jurors review Ebbers tape
Jurors at the fraud trial of former WorldCom chief Bernard Ebbers saw a videotape for the second time Monday in which Ebbers told an interviewer that WorldCom’s accounting was “very conservative.” The jurors, in their second day of deliberations, asked to review the six-minute tape, which was played as evidence earlier in the trial. They also have asked for a slew of exhibits and transcripts of testimony from many key witnesses.
January borrowing rises 6 percent
Buyers increased their borrowing on credit cards, auto loans and other types of consumer debt at an annual rate of 6.6 percent in January, the fastest pace in three months, the Federal Reserve reported Monday. That represented an increase of $11.5 billion in borrowing from December, which was double what many economists had been expecting.
T-bill rates mixed in Monday auction
The Treasury Department auctioned three-month bills at a discount rate of 2.71 percent, down from 2.715 percent last week. Six-month bills were auctioned at a discount rate of 2.935 percent, up from 2.925 percent last week. The three-month rate was the lowest since 2.615 percent at an auction on Feb. 22. The six-month rate was the highest since 3.120 percent on Sept. 10, 2001. The new discount rates understate the actual return to investors – 2.767 percent for three-month bills with a $10,000 bill selling for $9,931.50 and 3.021 percent for a six-month bill selling for $9,851.62. The Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, rose to 3.2 percent last week from 3.13 percent the previous week.
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