Page 28 article text (OCR)
THE PALM BEACH POST WEDNESDAY, SEPTEMBER 15. 1999 2B In brief Bfoomberg-PaSm Beach Post Index Governments fear they'll lose billions if no tax 120- "V flphi r.nncnlirtatinn a Pau flH r.rariit Harris .' 1 npht r.nncnlirtatinn a Pau Drl r.rariit Harris TV q Reduce Monthly Payments Slow & Bad Credit OK f 118 116 114 112 mm X-rK-A V V LOANS FROM 1 0,000 TO 1, 000, 000 125 Of Value Investment Property OK Bankruptcy OK Foreclosure OK Bad Credit OK One-Hour Approvals Judgements OK Mobile Homes OK (J LTV Mortgage and Loan Funding, Co 0 ww. INmortgage.com Sban9e- Call Now 1-800-918-9054 '2221 11H 108- 106 i i i i i I i i i i i 5-10 5-19 5-28 6-8 6-17 6-28 7-7 7-15 7-27 8-5 8-16 8-25 9-3 Base value: 100 December 30, 1994 SOURCE: Bloomberg News The Bloomberg-Palm Beach Post Index is a price-weighted stock index designed to measure the performance of companies in Palm Beach County and the Treasure Coast. The 45 companies in the index are publicly traded companies based in Palm Beach, Martin and St. Lucie counties. INTERNET From IB The poll results and showed the need for further study, Gilmore said. But the group may not reach the two-thirds consensus needed to make a unified recommendation, he said. Still, the ground swell for Internet taxation is powerful. State and local governments fear losing billions of dollars in sales taxes as the Internet takes off. Retailers that sell most of their products in stores contend that Internet taxes level the playing field. "It's the government's job to make sure all levels of retailing are taxed equally," said Malachy Kavanagh, a spokesman for the International Council of Shopping Centers. HOME EQUITY LOANS! Loans to 125 of VALUE! Apply by PHONE or ONLINE! IncomeCredit Not Considered! Pay Off Credit Cards Home Imp Any Purpose ! . Call Now! Bank Rates. No Bank Hassles! DBT leads stock drop; Book club bucks trend BARNETT Since 1980 BOCA (561) 391-9 133 : FINANCIAL SERVICES, INC. STUART (561) 288-1212 Lie. Mtg. Lender 2829 Exchange Ct., WPB 33409 www. cashonthehouse.com $27.06. Shares in Jupiter-based Photronics (Nasdaq: PLAB) dropped 63 cents to $24.44. On the up side, Boca Raton-based Audio Book Clubs (Amex: KLB) gained $1.63 to $10.25. In the broader market, the Standard & Poor's 500 index fell 7.84 to 1,336.29. The Dow Jones industrial average lost 120.00 to 10,910.33. Bloomberg News South Florida stocks fell, led by DBT Online. The Bloomberg-Palm Beach Post index, a price-weighted list of companies with operations in the region, dropped 0.29 to 108.46. Boca Raton-based DBT Online (NYSE: DBT) lost 94 cents to FREE REPORT reveals what the insurance companies donl want you to know. Donl settle your - case until you read this free report. 1 Call toll free 1S00-207-7m-24hrs recorded msg. 7-50 No. 606774 NOTICE OF CONTINUATION The tentative budget hearina held Tuesday, September 1 4, 1 999, for the Town of Palm beach was recessed and will be continued on Friday, September 17, 1999, at 5:01 P.M. in the Town Council Oiambers, 360 South County Road, Palm Beach, Florida. PUBLISH: September 15, 1999 "T MBNA America Bank GoldPortfolio Deposit Accounts Annual Percentage Yield ( APY) Callable Certificate of Deposit FDIC insured to $100,000 per depositor, per institution Interest paid semi-annually Final maturity in 10 years - 92899 Non-callable for one year Callable thereafter 100 par Call: Michael Thorn Vice President-Investments (561)266-6772 5 1022 East Atlantic Avenue Delray Beach, FL 33483 Salomon Smith Barney The CD is non-callable for the first year and then can he called every six months thereafter by the issuing bank. The final stated maturity is 92809. Minimum deposit $1,000. Subject to change and availability. Although we are not required to do so, we endeavor to provide a secondary market so that CD holders can sell their CDs prior to maturity. The resale price in such a transaction may be less than the principal amount invested. (APY as of 9799.) APY interest cannot remain on deposit in the same Q, interest will be paid semi-annually. FD1C insurance covers a maximum amount of $100,000 per depositor, per institution (including principal and interest combined) in each insurable capacity. Salomon Smith Barney is a service mark of Salomon Smith Barney Inc. 1999 Salomon Smith Barney Inc. Member SIPC A member of citigroupT A omer way j, a ; Chicago outfit ! buys Gardens ; mortgage firm Palm Beach Post Staff and Wirt Reports PALM BEACH GARDENS ; Prism Financial Corp., a Chicago ; mortgage company, bought ; Mortgage Express of Palm I Beach Gardens for an undis-! closed price. Mortgage Express has 140 T employees and offices in Palm i Beach Gardens, Royal Palm ; Beach and Boca Raton. ; Mortgage Express founders ; Jay Biggins and Alan Reichstein ; remain with the company. Big-' gins said the deal will help Mort-: gage Express boost its loan orig-! inations from $400 million to $1 ! billion a year. ! In June, FBI, U.S. Customs ' and U.S. Postal Service investigators executed search warrants at Mortgage Express offices. The "FBI wouldn't comment at the - time, and Biggins said no charges ever came from the investigation. He said agents were looking for signs of mortgage fraud committed by former employees. Mortgage Express is the fifth mortgage company bought by Prism Financial (Nasdaq: PRFN, $16.25) in the past year. Grand Court posts strong second quarter BOCA RATON Grand Court lifestyles Inc. (Nasdaq: GCLI, $31.31), an operator of senior living facilities, reported a profit for the second quarter ended July 31. The company had net income of $1.5 million, compared to aloss of $6.6 million for the same quarter last year. Revenue increased to $24.4 million from $15.9 million. Engle Homes buys 42 acres near Willoughby Golf Club Engle Homes paid $1.5 million for 42 acres south of Stuart, across from the Willoughby Golf Club in Martin County. The land is about 1 mile west of U.S. 1, just south of Indian Street Engle plans to build 100 houses there, plus 85 houses on 27 acres near U.S. 1, just south of Salerno -.Road. Nasdaq error besmirches North Palm Beach firm NORTH PALM BEACH China Peregrine Food Corp. was notified Monday by Nasdaq that the company's stock symbol CHPF had been inadvertently changed to CHPFE on the over-the-counter market during a re-programming of stock symbols. Nasdaq uses a fifth letter at the end of a ticker symbol to signify a special situation. An E usually signifies a company that has failed to file a required financial report China Peregrine Food Corp. is a fully reporting company. Its Form 10SB was approved effective Jan. 6. The company has filed all financials in a timely manner and will continue to do so, the company said. Nasdaq said the problem should be corrected by noon today. The North Palm Beach-based company sells licensed products in China. Boca's Grand Expeditions buys Country Walkers BOCA RATON Grand Expeditions has bought Country Walkers, a tour company based in Vermont that specializes in walking vacations to destinations throughout the world. Terms of the deal were not disclosed. Country Walkers leads guided walking tours with more than 40 itineraries in Europe, the United States, Canada, Central and South America, Asia, Africa and the South Pacific. The company allows small groups of travelers to experience a region and its culture at their own pace, led by a knowledgeable guide. Boca Raton-based Grand Expeditions, a privately held company, offers high-end vacations to upscale travelers. offering great rates on certificates of deposit and money market accounts Call today and Me why Floridiaiu already have over $1.2 billion on deposit with MBNA 1-80(M50-1995, ext. 2067 ALo, inquire about our Traditional and Roth 1FLU. MEMBER , Annua) rVrwnUge Vwidi MPY) For the GoldCenificaie CD are valid for rfieptriodof 913fl9 to9l9'99uiiiiing thai interen remain in the account until FDId America? Maturity- Miftttnum optniag balance n $10,000- Withdrawals and feet my reduce earnings. A penalty may be impoed for early withdrawal of CD principal. MBNA .America. CoUfWolio. and ColdCertiJWate are federally regittered service oarki of MBNA America Bank. N.A. 01999 MBNA Amenta Bank. N.A. www.goldportfolio.com High Jaguar Standards Low Monthly Payments Get Both Now During Our Summer Celebration ining In South Florida's Highest Rated Restaurant Is So Pc !ar We're Extending Our Special Offer Through September, Un Wednesdays oC lhursdays Join Us In , r The Restaurant At Four Seasons Resort Palm Beach s" 4 You'll not only enjoy a picture-perfect setting and outh Flcric ' All New 2000 Jaguar "S" Type 3.0 most highly acclaimed cuisine ) ou ii enjoy your second entree with our compliments. - $499month - Plus tax with approved credit. 36 month lease. $5450 down plus Krst month, security, tax, tag, registration and dealer service fees due at delivery. 10,000 miles per year, 20 per mile thereafter. Total due at inception $5820. v 9 " .4 U ' 4 Four Seasons Resort (J &n 'M ZM 'A 2S00 S. Oceit J. i 'aim Beach New 1999 Jaguar XK8 Convertible ' Sorae restrictions apply. l For Reservations Call 582-2800, Ext 3750 - $79Qmontl - Plus fax with approved credit. 42 month lease. $5450 down plus first month , tax. tag, registration and dealer service fees due at delivery. 12,000 miles per year. IS per mile thereafter. Total due at inception $7899. Winner of aguar highest honor for customer service and satisfaction "The Pride of jaguar" Award. If you've got a pet question, turn to the page your pets would have you read first. Pets Page Every Thursday in ACCENT Going On Vacation? We'll interrupt your home delivery service, or save the newspapers for you. Call 820-4663 or 1-800-654-1231. Jaguar Land Rover Aston Martin Lotus 915 South Dixie Hwy. (corner ol Okeechobee and S. Dixie), West Palm Beach (561) 659-6206 or (800) 432-3302 http:www.PalmBeachMotorCars.com The Palm Beach Post J'hePidm Beach Hxst 1 Call The Palm Beach Post at 820-4663 or 800-654-1231 and we'll suspend or save your newspapers for you.