BRIEFCASE.

Byline: -- Staff and Wire Services

Magnetek gets notice on listing

CHATSWORTH -- Chatsworth-based Magnetek Inc. announced Monday that it was notified by the New York Stock Exchange that it is not currently in compliance with the NYSE's continued listing standards.

Magnetek is considered ``below criteria'' by the NYSE because its market capitalization over a consecutive 30-day trading period and its most recently reported total shareholders' equity were both below $75 million, the company reported.

In accordance with NYSE procedures, within 45 days Magnetek expects to submit a business plan for regaining compliance with NYSE listing criteria.

Also in accordance with NYSE procedures, the company's NYSE trading symbol ``MAG'' will be appended with the indicator ``.BC'' on the consolidated tape.

If Magnetek returns to compliance as approved by the NYSE compliance committee, the indicator will be removed.

The company reported sales of $242 million for its 2005 fiscal year ended last July.

Disney modifies directors policy

NEW YORK -- The Walt Disney Co. said it modified its compensation policy for nonemployee directors at the request of Steve Jobs, accommodating the Apple Computer Inc. chief executive's request to go unpaid for his service on the media giant's board.

Burbank-based Disney, which disclosed the policy change in a Securities and Exchange Commission filing Sunday, acquired Pixar Animation Studios Inc. in May. Jobs, as chairman and CEO of Pixar in addition to his Apple duties, joined Disney's board in connection with the deal.

As CEO of Apple, Jobs accepts annual compensation of just $1 a year.

Interest rates on T-bills mixed

WASHINGTON -- Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills dipping slightly and rates on three-month bills climbing to the highest level in more than five years.

The Treasury Department auctioned $15 billion in three-month bills at a discount rate of 4.955 percent, up from 4.905 percent last week. An additional $14 billion in six-month bills was auctioned at a discount rate of 5.090 percent, down from 5.110 percent last week.

Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, rose to 5.27 percent last week from 5.24 percent the previous week.

Gasoline prices increase 6 cents

WASHINGTON -- The average U.S. retail price of gasoline jumped by more than 6 cents last week, to $2.93 a gallon.

The federal Energy Information Administration said Monday that U.S. motorists paid $2.934 a gallon on average for regular grade last week, an increase of 6.5 cents from the previous week. Pump prices are 70.8 cents higher than a year ago.

Average retail gasoline prices peaked at $3.07 a gallon last September, reflecting the extreme tightness in the market after Hurricane Katrina.

Call-card issuers told to pay fees

WASHINGTON -- The Federal Communications Commission has ruled that issuers of prepaid calling cards must pay connection fees and help subsidize phone service in rural areas.

AT&T Inc. will have to repay the $553 million in access fees -- charges paid to other carriers to connect calls -- and Universal Service Fund payments that its predecessor, then known as AT&T Corp., had withheld on phone calling cards.

AT&T had argued that because its cards offered ``enhancements'' such as advertising, the cards were information services exempt from fees that apply to telecommunications services.