BRIEFCASE INTEREST RATES RISE ON 3-MONTH T-BILLS.Byline: - Staff and Wire Services WASHINGTON - Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $15 billion in three-month bills at a discount rate of 0.935 percent, up from 0.930 percent last week. An additional $15 billion was sold in six-month bills at a rate of 1.010 percent, up from 0.995 percent. Both the three-month and six-month rates were the highest since Sept. 2, when the bills sold for 0.970 percent and 1.040 percent, respectively. The new discount rates understate un·der·state v. un·der·stat·ed, un·der·stat·ing, un·der·states v.tr. 1. To state with less completeness or truth than seems warranted by the facts. 2. the actual return to investors - 0.953 percent for three-month bills with a $10,000 bill selling for $9,976.10 and 1.033 percent for a six-month bill selling for $9,948.90. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable-rate mortgages, edged down to 1.21 percent last week from 1.22 percent the previous week. Cass, Cotter cot·ter n. 1. A bolt, wedge, key, or pin inserted through a slot in order to hold parts together. 2. A cotter pin. [Origin unknown. hired by CurtCo Media MALIBU - CurtCo. Media appointed two new heads to its recently acquired title Worth on Monday. Dwight Cass, the former editor of Risk magazine, will serve as editor- in-chief of the wealth management monthly. Marianne Cotter, the new managing editor, spent time at Digital Home Entertainment and Knowledge Management after earning her bachelor's degree from California State University, Northridge CSUN offers a variety of programs leading to bachelor's degrees in 61 fields and master's degrees in 42 fields. The university has over 150,000 alumni. It's also home to a summer musical theater/theater program known as TADW (TeenAge Drama Workshop) that leads teenagers through an . Malibu-based CurtCo Media is operated by CurtCo Media Labs and has launched or acquired 28 magazines. Northrop to aid Herschel satellite WOODLAND HILLS - Northrop Grumman Corp. announced Monday that its Navigations Systems Division will supply navigational aid to the Herschel Space Observatory
The Herschel Space Observatory is a mission of the European Space Agency. . Terms of the agreement were not disclosed. The Northrop Grumman unit is based in Woodland Hills. The satellite, operated by the European Space Agency European Space Agency (ESA), multinational agency dedicated to the promotion, for exclusively peaceful purposes, of cooperation among European states in space research and technology. , will use the company's scalable space inertial reference unit An Inertial Reference Unit (IRU) is a type of inertial sensor which uses only gyroscopes to determine a moving aircraft’s or spacecraft’s change in angular direction (referred to as "delta-theta" or Δθ) over a period of time. on its mission to study star and galaxy formation. The program will launch in 2007. Herschel is a program led by a consortium of European companies. Its mission is scheduled to last six years. Urban Outfitters opens in Burbank BURBANK - Urban Outfitters will open its first San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. location at 10 a.m. today. In addition to its latest shop at 328 N. San Fernando Blvd., the trendy apparel and novelty chain currently operates in Santa Monica and Pasadena, and on Melrose Avenue in Los Angeles. Tucker Investment Group financed the construction in partnership with the Burbank Redevelopment Agency's Downtown Tenant Assistance Program, placing the shop alongside other recently developed sites like the AMC (Advanced Mezzanine Card) See AdvancedTCA. 16 theaters and the soon-to-open P.F. Chang's China Bistro and Macaroni Grill. Terms of the deal were not announced. Tenet CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. gets stock options SANTA BARBARA - Tenet Healthcare Corp.'s chief executive officer and president Trevor Fetter received stock options to buy 350,000 shares, according to a Monday filing with the Securities and Exchange Commission. The hospital operator also granted its recently named chief two shares of restricted stock for each share he buys, up to 200,000 shares. The options have an exercise price of $14.98 per share, slightly below Monday's close of $15.16. Tenet has been the subject of several state and federal investigations since last fall, when charges surfaced about unnecessary heart surgeries performed at Tenet's Redding Redding, city (1990 pop. 66,462), seat of Shasta co., N central Calif., on the Sacramento River; inc. 1872. A principal tourist center for a mountain and lake region, it also has lumbering, food-processing, and diverse manufacturing. Medical Center in Redding. Fetter became acting CEO of the Santa Barbara-based hospital chain in May, when then-CEO Jeffrey Barbakow resigned under pressure from the board. |
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