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BRIEFLY SHORT-TERM T-BILL INTEREST RATES FALL.


WASHINGTON - Interest rates on short-term Treasury securities fell in Tuesday's auction.

The Treasury Department sold $12 billion in three-month bills at a discount rate of 5.7 percent, down from 5.77 percent last week. An additional $10 billion was sold in six-month bills at a rate of 5.5 percent, down from 5.66 percent.

The three-month rate was the lowest since June 26, when the bills sold for 5.68 percent. The six-month rate was the lowest since Jan. 10 when the rate was 5.42 percent.

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 - 5.864 percent for three-month bills with a $10,000 bill selling for $9,855.90 and 5.737 percent for a six-month bill selling for $9,721.90.

In a separate report, the Federal Reserve said Tuesday that the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 5.44 percent last week from 5.73 percent the previous week.

- Associated Press Associated Press: see news agency.
Associated Press (AP)

Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
 

Coca-Cola getting into milk business

ATLANTA - Got milk? Think Coke. The Atlanta-based soft drink giant plans to market milk-based products to children as part of a wider effort to stay ahead in the billion-dollar soft drink industry.

Coke has been taking strategic steps to establish itself as a total beverage company, Coca-Cola spokesman Rob Baskin said Tuesday.

Though Coke isn't revealing many details about Project Mother, its new initiative to develop dairy-based products, the company has announced plans to test at least five milk drinks early next year.

- Associated Press

THQ THQ Toy Headquarters
THQ Territorial Headquarters
THQ Tehsil Headquarters (Pakistan)
THQ The Holy Quran
THQ Theater Headquarters
 among giants in game software

CALABASAS - THQ Inc. ranked as the No. 2 U.S. independent console software publisher and No. 3 software publisher overall for the month of November, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 NPD's TRSTS Video Games See video game console.  Summary.

For the month, the company trailed only Nintendo of America and Electronic Arts. THQ also increased its U.S. console market share in November 2000 to 8.7 percent, up from 6.4 percent during the same time period last year.

THQ develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms Each hardware platform, or CPU family, has a unique machine language. All software presented to the computer for execution must be in the binary coded machine language of that CPU. Following is a list of the major hardware platforms in existence today. See platform.  including PC CD-ROM CD-ROM: see compact disc.
CD-ROM
 in full compact disc read-only memory

Type of computer storage medium that is read optically (e.g., by a laser).
, and those manufactured by Microsoft, Sony, Nintendo and Sega.

- Daily News
COPYRIGHT 2000 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Dec 27, 2000
Words:370
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