BUSINESS NOTES SHORT-TERM T-BILL INTEREST RATES FALL.WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $12 billion in three-month bills at a discount rate of 5.900 percent, down from 5.960 percent last week. An additional $10 billion was sold in six-month bills at a rate of 5.790 percent, down from 5.840 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage. An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index. , fell to 5.78 percent last week from 6.00 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. Salem anticipates 4th-quarter gains CAMARILLO - Salem Communications Salem Communications (NASDAQ: SALM) is a media company specializing in religious and conservative talk radio which operates in the United States, with 99 U.S. commercial radio stations (pending acquisitions) that are primarily concentrated in the nation's biggest markets, Corp, a leading provider of Christian-oriented radio, said Monday that it was revising its fourth- quarter revenue projections due to the positive impact of political advertising. The Camarillo-based company said it expects net broadcasting revenues of $34 million and broadcast cash flow of $16 million for the quarter. Looking ahead to 2001, Salem projected net broadcasting revenue of $138 million, a 27 percent increase from a projected $109 million this year. Broadcast cash flow is expected to increase 14 percent to $56 million next year from a projected $49 million in 2000. - Daily News Pacific Venture to invest in SymRx ENCINO - Pacific Venture Group, a health-care venture capital firm, said Monday that it will contribute $1 million of a $3.5 million financing deal with SymRx Inc. of Rockville, Md. Eve Kurtin, managing director of the Encino-based firm, will oversee the investment and will represent Pacific Venture Group on the SymRx board of directors. Other investors in this round of financing include Oxford Bioscience and GIMV. - Daily News Ford recall covers 1999, 2000 SUVs DETROIT - Ford Motor Co. is recalling 110,633 Ford Explorers
The Ford Explorer is a mid-size sport utility vehicle sold in North America and built by the Ford Motor Company since 1990. and Mercury Mountaineers to fix a device that is supposed to limit the vehicles' top speed - a problem that was uncovered during tests prompted by the Firestone fire·stone n. 1. A flint or pyrite used to strike a fire. 2. A fire-resistant stone, such as certain sandstones. Noun 1. tire recall. Ford said model year 1999 and 2000 Explorers and Mountaineers with a 3.27 or 3.55 rear axle ratio and 15-inch Firestone Wilderness AT tires could reach a top speed above the 112 mph rating of the tires. Customers should take their vehicles to dealers, who will reprogram re·pro·gram tr.v. re·pro·grammed or re·pro·gramed, re·pro·gram·ming or re·pro·gram·ing, re·pro·grams To program again. re the chip for free. - Associated Press Hit TV producer forms company Michael Davies Michael Davies may refer to:
in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. show ``Who Wants to Be a Millionaire,'' announced on Monday the formation of an independent production company, to be named Diplomatic. The company, owned by Davies and financed by ABC, will create programs for network television and other media including cable and the Internet. It will concentrate on reality programming, but Davies said he also intended to produce scripted shows and feature films. - The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times |
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