The old Washington Frontier Juice plant in Prosser will become a winery for the Snoqualmie Vineyards label. Stimson Lane, the state’s largest wine company, has purchased the plant for an undisclosed price from Wyckoff Farms, which decided to close it last fall. The juice plant should be ready to crush 5,000 tons of red grapes this fall for Snoqualmie Vineyards and other company labels. A barrel room and a tasting room eventually will be added to the site.
The Treasury Department sold three-month bills Monday at a discount rate of 1.53 percent, down from 1.655 percent last week. Six-month bills at a rate of 1.58 percent, down from 1.75 percent. The three-month rate was the lowest since Aug. 11, 1958, when the bills sold for 1.524 percent. The six-month rate was the lowest since the government began selling six-month bills in 1958. The discount rates understate the actual return to investors – 1.558 percent for three-month bills with a $10,000 bill selling for $9,961.30 and 1.615 percent for a six-month bill selling for $9,920.10. The Federal Reserve also said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for changing adjustable rate mortgages, fell to 2.13 percent last week from 2.24 percent.
The Justice Department formed a new cybercrime unit Monday in northern Virginia to go after hackers, cyber-terrorists and software pirates. It is the 10th such specialized outfit nationwide. Six full-time federal prosecutors, including three who were hired using new funding from Congress aimed at computer crimes, will make up the unit. Assistant U.S. Attorney Jack Hanly will lead the unit, which will investigate crimes in Virginia’s eastern federal district. Hanly prosecuted hacker Eric Burns, the Shoreline teen-ager known online as “Zyklon,” who pleaded guilty to breaking into the White House Web site in 1999. The unit also will focus on cyber-terrorism, which U.S. Attorney Paul McNulty said “threatens to disrupt the electronic systems of hospitals, utilities, banks, government and other key institutions.”
Low-fare carrier JetBlue Airways Corp. has signed an order for 10 Airbus A320 aircraft, the European aircraft consortium said Monday. Deliveries are expected to start this year and continue through 2005, according to a statement from Airbus. New York City-based JetBlue is one of Airbus’ top five customers for the A320 model, a single-aisle plane that carries 162 passengers. Including the new contract, JetBlue has placed orders for 74 A320 aircraft, the statement said.
From Herald news services
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