“Getting Your Dough to Rise”, the monthly personal finance show on Snohomish County public radio, KSER 90.7 FM, airs today from 4:30 to 5:30 p.m. Mike Meeks, an Edmonds certified public accountant, will review tax law changes and provide year-end tips. Kathleen Victor, a Redmond appraiser, will talk about antiques and collectibles, make some gift suggestions and estimate the value of items brought to the station for the show. Those wishing to bring items should call the station for directions at 425-742-4541. Both guests will take questions during the program at 425-742-1146.
The Treasury Department sold three-month bills at a discount rate of 1.92 percent, up from 1.9 percent last week. Six-month bills sold at a rate of 1.99 percent, up from 1.96 percent. The new discount rates understate the return to investors – 1.955 percent for three-month bills with a $10,000 bill selling for $9,951.50 and 2.038 percent for a six-month bill selling for $9,899.40. The Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for changing adjustable rate mortgages, rose to 2.35 percent last week from 2.24 percent.
Enron Corp. shares fell another 15 percent Monday as investors continued to doubt that a $9 billion buyout offer from rival Dynegy Inc. would be completed under the current terms. Dynegy spokesman John Sousa reiterated Monday that the company is moving forward with the acquisition of its larger, troubled rival. Enron stock fell to $3.76 before closing at $4.01, down 70 cents, on the New York Stock Exchange.
Internet service provider America Online, which has been adding broadband capabilities to its product offerings, said on Monday it now has
32 million subscribers. Trailing AOL is Microsoft Corp.’s MSN Internet Access, with 7 million customers. No. 3 EarthLink counts 4.8 million paying customers.
Beleaguered credit card issuer Providian Financial Corp. hired industry veteran Joseph Saunders as its chief executive Monday, ending a six-week search for a new leader to repair the company’s ailing loan portfolio and battered reputation. Saunders, 56, replaces longtime Providian CEO Shailesh Mehta, who last month said he would step down after acknowledging his formula for giving credit cards to high-risk borrowers had hurled the company into a rising tide of problem loans. Saunders ran the credit card business of FleetBoston Financial Corp. since 1997.
From Herald news services
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