“Getting Your Dough to Rise,” a monthly investment show, will feature three investment professionals starting at 4:30 p.m. today on KSER (90.7 FM), Snohomish County’s public radio station. Host Chuck Noel will talk with Kenneth Fisher, a Forbes columnist and money manager, Dennis Jensen, a research analyst with Tacoma’s Frank Russell Co. and Randy Willisms-Gurian, editor of Tech Stock Insights.
FedEx Corp. is pasting its name onto the Kinko’s computing and copy business it recently acquired to reflect its new ownership. FedEx said Monday the stores will be renamed FedEx Kinko’s Office and Print Center. Memphis-based FedEx completed its $2.4 billion acquisition of Kinko’s Inc., from a New York equity firm in February.
Sales of new homes surged by 8.9 percent in March, the largest monthly increase in nine months, as mortgage rates bottomed out before starting to ascend. The increase pushed sales of new, single family houses to a record seasonally adjusted annual rate of 1.228 million last month. That was up from 1.128 in February, the Commerce Department reported Monday. The monthly increase of 8.9 percent was the highest since June 2003.
The Supreme Court agreed Monday to review the government’s way of resolving large tax disputes, accepting a challenge that claims taxpayers can be hit with multimillion-dollar judgments without knowing how the decision was reached. Justices will hear a constitutional challenge to the technical process for people who fight government demands for taxes. At issue are the largest cases – those involving more than $50,000, in which special judges hold trials and forward recommendations to the U.S. Tax Court for rulings.
The Treasury Department sold three-month bills at a discount rate of 0.97 percent, up from 0.935 percent last week. Six-month bills sold at a rate of 1.165 percent, up from 1.080 percent. The new discount rates understate the return to investors – 0.985 percent for three-month bills with a $10,000 bill selling for $9,975.50 and 1.188 percent for a six-month bill selling for $9,941.10. The Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, a popular index for changing adjustable rate mortgages, rose to 1.5 percent last week from 1.41 percent the previous week.
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