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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 02, 1996
Page
18
Retailers report strong Thanksgiving weekend with malls up 11 percent from last year and check payments up 3.6 percent. Industry groups note the period is a solid start but caution the full season remains uncertain and outcomes depend on weeks ahead.
Microsoft Corp. led US corporations in charitable giving with 373.2 million in fiscal 1995, most as software valued at 62.1 million. Ford Foundation headed foundations with 317.3 million, followed by Johnson & Johnson, TBM, Eli Lilly, Hewlett Packard, and General Motors among others.
The Cost of Risk Survey shows U S businesses paid $6.49 per $1 000 of revenue for insurance in 1995 down 11 percent from 1994 and 22 percent over three years. 644 companies participated reporting averages of $2 1 billion revenue and $3 8 billion assets with over 10 800 employees.
The Herald Journal notes a free stock quote hotline with live NYSE AMEX and NASDAQ data. Call NewsLine at 472-211] and select category 9988 for quotes or 9989 for directions using a touch tone phone.
Experts weigh converting matured Series E EE bonds to Series HH for tax deferral and interest. They advise considering your needs and risk, noting HH pays semi annual interest. For college funding a parent holds EE bonds, but gifts to minors face tax rules. UGMA unused via child’s bracket. municipal bonds or stocks may offer growth. A diversified mix aligned with retirement plans and advisor input is suggested.
Michael Times News Service notes after-tax 401(k) contributions grow tax free but are not deductible. Few companies offer the feature, especially smaller firms. larger employers show wider adoption. Penalties for under age 59 4 limit accessibility, while record-keeping burdens deter employers.
Ray Sozzi founded Student Advantage to unite students and retailers, growing to about 250,000 members nationwide. The for profit program offers a $20 yearly card with discounts from Amtrak to Staples, Burger King, and Dollar Rent-A-Car, and is backed by sponsors like Sony Theatres and Kinko’s. Amtrak is the marquee sponsor, though discounts vary by vendor.
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