Port of Everett Director John Mohr is to testify before Congress on Tuesday on how ports create jobs. Mohr will speak at a hearing of the subcommittee on Coast Guard and Maritime Transportation on how helping the maritime transportation system creates jobs and boosts exports. Others set to testify include David Matsuda of the Maritime Administration, Joseph Cox, president and CEO of the Chamber of Shipping of America, Michael Roberts of the American Maritime Partnership, and Augustin Tellez of the Seafarers Internation Union.
Gasoline prices fall this week in state
Oil prices tumbled again Monday. It’s down more than 5 percent since Thursday and headed for its lowest settlement since February. In Washington state, unleaded gas was 3.88 cents a gallon, down three cents in a week and 15 cents in a month, according to AAA. The Seattle-Everett average was 3.90 cents a gallon.
Apple’s Jobs to get comic biography
Steve Jobs, the public face of Apple, Inc., is getting a biographical comic book. Publisher Bluewater Productions, Inc., said Monday it will bring a 32-page biography of the iconic CEO to comic book shops, bookstores and online retailers Aug. 24. The book will profile the technological innovator who helped co-create Apple and then oversee its resurgence with products including the iPod, the iPhone and the iPad. It’s part of the publisher’s wider series of unauthorized looks at contemporary figures ranging from Lady Gaga to Sarah Palin to Facebook founder Mark Zuckerberg. Bluewater says the success of its Zuckerberg comic — it sold out — led the company to look at Jobs. The new issue is written by C.W. Cooke and drawn by Chris Schmidt.
Google buys online ad service Admeld
Google Inc. has struck a deal to buy Admeld, a service that helps websites make more money from online advertising. The agreement announced Monday positions Google to add another potentially valuable weapon to its advertising arsenal.
T-bill rates mixed in Monday auction
The Treasury Department auctioned three-month bills at a discount rate of 0.05 percent, up from 0.045 percent last week. Six-month bills were auctioned at a discount rate of 0.105 percent, unchanged from last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,998.74 while a six-month bill sold for $9,994.69. That would equal an annualized rate of 0.051 percent for the three-month bills and 0.107 percent for the six-month bills. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, was 0.18 percent, the same as the previous week.
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