Former Seattle newspaper business columnist Greg Heberlein, banking official Judith Cochrane and money manager Paul Merriman will join host Chuck Noel today from 4:30 to 5:30 p.m. on Getting Your Dough to Rise, a monthly personal finance show on KSER (90.7 FM), Snohomish County’s public radio station. The guests will talk about investments and such issues as market timing.
The Treasury Department auctioned three-month bills at a discount rate of 0.93 percent. Six-month bills were auctioned at a discount rate of 0.995 percent. The new discount rates understate the actual return to investors – 0.947 percent for three-month bills with a $10,000 bill selling for $9,976.50 and 1.017 percent for a six-month bill selling for $9,949.70. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable rate mortgages, dipped to 1.23 percent last week from 1.24 percent the previous week.
CombiMatrix Corp. of Mukilteo has signed a collaborative research agreement with Case Western Reserve University in Cleveland, Ohio, to develop an early detection test for Alzheimer’s disease. Mark Smith, the researcher leading Case Western’s work, said CombiMatrix’s DNA testing equipment will be used to identify markers for the disease. Alzheimer’s disease, a debilitating brain disease affecting more than 12 million people worldwide, is difficult to diagnose in its earliest stages. That means the majority of accurate identifications of the disease come after it has seriously impaired the brain function of the patient.
Weeks before Martha Stewart sold her ImClone Systems stock, her stockbroker mentioned a desire to get rid of the shares before they fell to $60, a defense witness testified Monday. The testimony by Heidi DeLuca, a business manager for Stewart, undercuts the government’s charge that Stewart and the broker came up with a $60 sale price later as a cover story. DeLuca said stockbroker Peter Bacanovic told her on Nov. 8, 2001, that he could “set a floor price of $60 or $61” for Stewart’s ImClone shares.
The Internal Revenue Service has begun an audit of Intel Corp.’s 2001 and 2002 tax returns, the chip-making giant said in a regulatory filing Monday. The review got underway last month, the company said in a report filed with the Securities and Exchange Commission. Such audits are not unusual, said Intel spokesman Chuck Mulloy.
From Herald news services
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
