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The Journal Times from Racine, Wisconsin • 4

Publication:
The Journal Timesi
Location:
Racine, Wisconsin
Issue Date:
Page:
4
Extracted Article Text (OCR)

Journal Times line PAGE 4A THE JOURNAL TIMES THURSDAY. FEBRUARY 17, 2005 1 i In Brief Futures EichiContriCl SrttlChg NYMX Mar 05 433 1 07 CS0T Mar 05 197 -3 May 05 534 CME Apr 05 B7 67, 65 CMf" Mat 05 85 95 17 NYBT May 05 9 24 22 NVBT Mar 05 83 80 90 -5 Tracy Lee, one of the owners of Main Moon 2 in Westgate Mall, picks up a lunch order in the kitchen Wednesday. The spin-off of Main Moon opened Saturday. Main Moon 2 now open Sweet Crude Com Wheat Soybeans Cattle Pork Bellies Sugar Iworldl Orange Juice Spot Ytterdy Da Goid'troyo spoil $425 50 $412 90 Silver itroy spoil S7 56 581 Copper Ipouhdl SI 4760 $1 4300 NWf V'lrh Wen anlik' Exchange CDOT Onrdyi Hod'fl I'acln r.Mf,H -C'caqo Mercan tile iTariur. New York Cotton Sugar Co-uaf i' nanrje NCTN New York Cotton fcicriangp 10.500 10.000 9.500 Low 10.794 16 JAN FEB Record high: 11.722 98 Jan 14.

2000 DEC Low JAN FEB Record high: 5.048 62 March 10. 2000 2.079 37 1.300 f- 1.200 1.100 1.000. JAN FEB Record high: 1.527 46 March 24. 2000 DEC Low .205 06 AP wy, 2 200 MARK HERTZBERG Journal Times about 36. Both also offer carry-outs and a student lunch.

Main Moon 2's menu is identical to Main Moon, but Lee said they will add sushi in about a month. They are currently applying for a liquor license. Main Moon 2 is open 10:30 a.m. to 10 p.m. Monday-Thursday, 10:30 a.m.

to 11 p.m. Friday and Saturday, and 11:30 a.m. to 9:30 p.m. on Sunday. For more information, call (262 638-9888.

Journal Times staff RACINE Another moon is shining in Racine: Main Moon 2, the area's newest Chinese Main Moon 2 opened Saturday at 4915 Washington on the north end of West-gate Mall. Main Moon 2 is the first spinoff from Main Moon, at 3900 Erie St. in Shorecrest Shopping Center. The owners are Tracy Lee, her sister, Carol Chen; and In Review HrESEVILLE AP Wednesdays Milwaukee Stockyards report Cows no roll cows 55 59 high yielding cutlers and utility 51 58 canners and cutters up to 50 Hoistein steers pnme Holstem steers 1 400-1 550 pounds 76 78 choice Holstem steers 73 76 select steers up to 70 Beet cattle pnme Angus beet up to 86 choice steers 1 1 450 pounds 84 choice heiters 80 82 select steers and herters up to 75 Bulls premium bulls 1 600 2 050 pounds 65 67 common to good Pulls 63-65 heavyweight bulls up to 60 Replacement calves feeder bull calves 90-105 pounds 100 180 teeder bull calves 1 1 0 140 pounds 100 i0 he-ler calves up to 400 Slaughter calves hoir veal 30 40 boning ca.ns up tr 20 Sheop and iamb', choice 10 pcrnr 40 UX) yHXl to I hoir 80 VI mil anil lirjhtnyijiriht uriestablished ewes anrjbu's up '10 50 Thursday estimate receipts. 550 cattle 1 75 calves 20 lambs i Feb 16.2005 Dow Jones industrials 10 834 88 NOV High 10 853 43 Pet.

change from previous: 0 02 Nasdaq composite -1 78 2 087 43 Pet. change from previous: -0 09 NOV High 2 093 37 Standard Poor's 500 0.22 1.21034 Pet. change from previous: 0 NOV High 1212 44 Stocks mixed on iireenspaii testimony Associated Press NEW YORK Stocks staggered to a mixed finish Wednesday afler Federal Iteserve Chairman Alan Grt-easpan (old a congressional committee the economy is strong, a sign that the central hank is likely to continue raising interest rates Greenspan also told the Senate Hanking Committee that while inflation is not an immediate threat, it remains something policymakers mast guard against. His remarks seemed to sup-M)rt the views of many econo- mists that the Fed will likely stick with its policy of raising inte'i -st rates at a gradual pace. The dollar finned against other currencies, gold declined and Treasuries weakened, hut stocks stalled as investors tried to discern how far the rate tightening would go.

"The problem for stocks is there's no end in sight." said Jack Ahlm, chief investment officer at Harris Private Hank in Chicago "(Jrecnspan still thinks rates are (oo low, and he has no intention to stop raising rates And history has shown the Fed doesn't just stop raising rates on its own. Something hapens The Dow Jones industrial average shell 2 44, or 02 percent, to T'f 1 1 Chen's husband, Jin Xiang Chen. Lee joined the family from Cleveland, Ohio, where she was running a large buffet restaurant. Lee said Main Moon customers' had repeatedly asked for a second location that would be closer to the south side of Racine. Besides giving Main Moon another venue, the new one's seating capacity, at about 80, is more than double the original restaurant's seating capacity of SCOTT KELLY Your Ymr Wealth JUIMmilJll other factors.

24. Tax benefits Giving to a well as the Give generously and wisely The most recent list came out Nov. charitable cause may help you as organization. Make sure you understand whether and The total devastation caused by the Indian Ocean tsunami has moved many of us to open our wallets to donate to relief organizations working in those ravaged countries. Likewise, other charitable causes, some less immediate but still worthwhile, ask for our contributions nearly every day.

How do you choose a legitimate nat portion of your gift is lax deductible so you know what benefit you'll reap. The Charity Navigator Web site offers a tool that estimates your tax savings based on the size of your gift and your tax bracket. For example, if you're in the 25 percent tax bracket, a $1,000 contribution may result in $250 in tax savings. Calculating your tax deduction beforehand might help you realize you can give more than you thought. But, inst herause a eharitv is tax charity so you feel confident your money is going where you want it to go? Do your homework Whether you're contributing to a tsunami aid organization or a cause closer to home, do your homework.

It will help you avoid outright scams and determine which organization is the best steward of your money or other gifts. Even some well-known, long-established charities spend more on 1-year 1-year Name Last Chg PE low high AMXCp 22 30 1 19 8 05 22 38 AblLab 46 83 -0 23 38 26 48 16 Amelek 38 45 0 24 22 99 40 10 AsdBncs 33 20 3 15 26 99 35 16 Bombdr A 2 90 1 CNHGbl 16 85 2 16 18 21 90 DaimirC 46 21 1 39 67 48 63 EmrsnEI 8 18 2 22 56 22 70 88 Fiserv 38 (6 20 32 20 41.01 FrshBrnds 7 50 7 15 11 38 JPMorgCh'3 7 33 2 24 34 62 43 84 JohnsnOut 20 11 0 24 16 57 20 70 LeeEnt 45 64 2 34 43 05 49 83 Marcus 24 75 2 8 14 26 00 Marshlls 41 17 7 15 36 28 44 70 Modine 33 04 3 19 23 98 33 99 SBC Com 24 51 -0 13 22 98 27 29 'SnapOn 33 96 1 ,24 27 15 35 40 TCFFncls 27 72 -6 15 2420 .3262 t)89 1 4 30 50 59. 75 47 TwinDs 26 92 6 11 19 20 28 25 USBancrp 29 95 -3 14 24 89 .31 65 WPSP.es 53 72 1 14 43 50 54 00 WellsFrgo 60 76 5 15 54 32 64 04 WiscEn 36 00 0 14 29 50 36 12 STOCKS NOTES: Bonvbardii'f listing is in Canadian dollars. RACINE YPR examines leadership To celebrate President's Day, Young Professionals of Racine (YPR) will sponsor an evening of examining why and how young professionals in the Racine area are taking leadership roles in civic hfef including running for local office. Tom Tresse, founder and lead organier of the Creative America Project, will talk about the "Politics of Creativity; a Call to Service for Creative Professionals." Also, YPR's own members, DeMarcus Hunter and Paul Orlowski, will be sharing their experiences in running for public office.

The free event is set for 6 p.m. Monday at the Corner -House Restaurant, 1521 Wa.ii-ington Ave. Appetizers will be provided, and community members are welcome. Seating is limited and registration is required by Saturday; call Dawn Lingo at (262) SOS-age YPR is dedicated to providing energetic, motivated people in Racine and networking to promote career success, develop friendships, grow personally and shape the community. UNION GROVE Personal training company opens New Millennium Fitness, a personal training company, is now open.

Owner Guy Perone offers to provide personal exercise programs "that will show you how and when to exercise." Benefits can be losing weight, toning and trimming, or getting bigger and stronger. The cost for a program is $50. Perone and the other trainers are all nationally certified fit-' ness professionals. For more information or a free phone consultation, call (414) 349-. 0839.

WASHINGTON Construction up again Construction of new homes and apartments rose 4.7 percent in January to the highest level in over two decades as low mortgage rates continued to power the nation's housing industry. The Commerce Department reported Wednesday that builders began construction on 2.16 million units at a seasonally adjusted annual rate last up from a rate of 2.06 million units in December. The January increase caught economists by surprise. They had been forecasting a decline of around 3.7 percent, reflecting rain in the West and winter storms in the East, which had been expected to hold down construction activity. IAS VEGAS Gambling merger 0ICd The Federal Trade Commission on Wednesday approved MGM Mirage's proposal to buy rival Mandalay Resort Group, a move that could create one of the largest gambling, companies in the world and give the casino operator control of 1 1 resorts on the famed Las Vegas Strip.

The commission voted 5-0 to close its investigation and place no conditions on the transaction, an FTC spokesman told The Associated Press. MGM Mirage Inc. still needs Nevada and other state gambling regulators to approve the blockbuster deal. Nevada gambling regulators are Scheduled to consider the matter next week. SAN JOSE, Calif.

HP reports flat earnings A week after firing its top executive. Hewlett Packard Co. reported quarterly earnings that were essentially flat, and its interim chief executive acknowledged, "There is work to be done." For the(three months ended Jan. 31, HP reported a profit of $943 million, or 32 cents per share, only 0.7 percent higher than the $936 million, or 30 cents per share, it earned in the first fiscal quarter of 2004. Excluding special items, 1 including at least $115 million to settle patent litigation with Intergraph HP would have earned 37 cents per share, compared with 35 cents per share in the same period a year earlier.

From staff and wire reports exempt doesn mean your contribution is tax deductible. Be sure to ask. Avoid scams ask questions There are con artists out there, so be on your guard when asked for contributions, especially over the phone. Your best weapon is to ask that literature be mailed to you before you'll donate. If solicitors hang up when you ask for literature, you probably just avoided a scam.

Also, be aware that many scams use names that sound very close to those of respected organizations in order to dupe donors. If you're suspicious or feel pressured to commit on the spot, don't. Giving credit card numbers, bank account numbers, or other personal information over the phone can lead to serious long-term administration or marketing than you might realize, and that means less of your gift goes to the help the cause you hold dear. A great place to start is the Internet. There are a few good Web sites that rate charitable organizations based on how efficiently they use your money.

Some sites even tell if a charity will sell your name to other fundraising organizations. Four good resources are: http:www.give.org' Run by the Better Business Bureau, this site gives tips on how to avoid getting scammed, as well as reports on individual organizations. The site also details the BBB Wise Giving Alliance's Standards for Charity Accountability, which addresses how a sound charity should be operated. http:www.guidestar.org Guidestar calls itself the national database of nonprofit organizations and offers reports on individual charities, including tax and financial information, along with other nonprofit-related research services. http:www.charitynavigator.org Charity Navigator offers reports on individual organizations and rates each organization on a four-star scale.

The site also reports on privacy policies of individual charities and offers a tool to estimate tax to donors. forbes.com In its annual report, "Most (and Ieast Efficient) Charities," Forbes magazine rates roughly 200 American nonprofit organizations based on efficiency and identity theft problems. If you're being asked to buy something candy, magazine subscriptions, cookies, popcorn, etc. ask what portion Qf the cost actually goes to the group or school. If more money is going to the candy company than the charity, you may want to make a direct financial contribution instead of buying the product.

Most of all don't be afraid to give. The vast majority of charitable groups are sincere, well-run and well-managed. Keep your generous spirit just do a little research first. That way, everyone benefits. Scoti Kelly is president of Johnson Bank-Racine, a member of Johnson Financial Group.

Leinie's Light to be available statewide Bolrtfai fd slorks are those that 1 Changed in price by at least 5 percent. Were at least at S5 lor their last price. 10,834.88. The broader gauges were narrowly mixi J. The Standard Poor's 50ti rose 0 22, or 0.02 percent, to 1,210.34.

The Nasdaq com- posite index was down 1.78, or 0.09 at 2,087.43. In other economic news, the Fed reMrted output at the nation's factories, mines and utilities was unchanged in January, a disapixHntment to analysts who had expected a healthy 0.3 percent increase. from local beer distributor Brands, which ls moving its Kau Claire-based warehouse to Chip)ewa Falls in 2006. Dick lifinenkugel, the brewery's vice president of sales and marketing, said 50 iercent of the beer sold nationwide Ls either a low-carb or low-calorie beer. Tlie brewery was ready to kill l'inie's Light alxut two years ago The com)any had just rolled out Amber Light and saw its future in the specialty brew "But came to as and said Ii'inie's Light was important to them and wanted an to grow the label," Dick Ixnnenkugel said.

The brexvery will expand distribution of lieinenkugel's Light to all of its Wisconsin and Minnesota distributors beginning in early March. The Motley Fool Lee Newspapers CHIPPEWA FALLS I.einie's Light is all grown up The Jacob Ijeinnkugel Brewing Co has announced that the brand grown right here in the Chippewa Valley is ready to leave home lYeviously available only on its home turf in Chippewa ami Kau Claire counties, the beer will soon be available through Wisconsin and Minnesota "Ijeinenkugel's Light is about to play a more prominent role in our said brewery president Jake Ijeinenkugel, who made the announcement as the brewer rolled out a new packaging design for Light and Leinenkugel's Original beers A regional rollout of Leinenkugel's Light has its roots in the support for the product HQTT1 Our Mission: To Inform, to Amus. to Help You Make Money and The stock sells near a price-to-sales multiple of just over 1. Then there's the firm's $7.4 billion cash pile. That alone is worth about $2.20 per share, or more than half of the company's total capitalization.

Value investors, who are normally in for the long haul, may soon find some merit in Sun as a short-Jerm play. Growth investors, who typically have shorter investment horizons, may want to look elsewhere. There are many other technology companies with better growth prospects. WKsSaiTM HOBTINO IN TUB APIA Sun Microsystems Quarter after quarter. Sun Microsystems (Nasdaq: SUNW)' is confounding investors.

Recently, four Wall Street analysts rated the stock as a "Buy." seven gave It a "Sell" rating, and 13 called it a Hold." 1 1 For investors seeking growth, Sun just doesn't stack up. Its revenues dropped in its last reported quarter and aren't expected to surge, anytime soon. The company's "x86" hardware sales represent just percent of its total even explosive growth there won't have much impact on growth. Let's say Sun's Linux-friendly Solaris 10 system can grab 50 percent of the market Controlled by Red Hat, the leading U.S. provider of Linux's operating system.

At best, that would add only another I percent or 2 percent to earnings. i Even so, the stock might have some shine for value investors. Sun's draconian cost-cutting is paying off its bottom line is now out of the red. Mmmum-nmnk LLC CTiyiiMMif.

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Pages Available:
1,278,227
Years Available:
1881-2024