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Show BUSINE E3 WEDNESDAY, THE DAILY HERALD (www.HartcTheHetald.com) Making a budget for the holidays - e. view peo- ple make a list for shopping. However, there is one list you should make and check more than twice when getting ready to buy for the holidays. A Holiday Shopping Budget: Saving throughout the year can be an enormous help; it's a good idea if you can set aside money in a savings club at your bank or credit union. Also, by shopping throughout the year, you pan catch true sales. Be Resourceful: OK, all this information is useful, but if you have very little money to spend, what can you do? There are many creative ideas you can Use. One great way is to make your own gifts by bak- - By MICHAEL LIEDTKE AP Business Writer identity fraud have increased at an incredible rate so remember "caveat emptor" let the buyer beware. Keep a list of all your credit cards, their account numbers and who to contact if they are lost or stolen. Another good hint is to carry only one card with you to cut down the chance of loss. Remember to always keep your wallet or purse in proposed time frame, e.g., d better-than-expect- ed third-quart- er earnings and a technology rally Monday, many investors believe that the bear market is nearly over and that now is a good time to buy stocks again. "You are hard pressed to sell into these kind of moves," said Bryan Piskorowski, market commentator for Prudential Securities. five-da- 100.63. The Standard & Poor's 500 index advanced 7.04, or 0.8 percent, to 915.39, for a three-da- y gain of 29.63. Past missteps trip up UPS as it strides into the future Be a Smart and Careful Shopper: Credit card and buy in 2002 and do not pay Howuntil 2003 interest-freever, if the full amount is not paid within that timeframe, the interest accrued will be added to the purchase. Create a Plan: Most y one special? Everyone appreciates a gift from the heart. The holidays are a time of giving for most folks. If money is a problem, remember the old adage "time is the best donation money" is your time. not worth jeopardizing your budget by overextending during the holidays. When a credit card is used, you spend around 30 percent more than when using cash. If you add in all the finance charges, late fees and so on, you could spend up to 50 percent more. You also need to be wary of "buy now and pay later" schemes. In many cases, a grace period is used for the GOP-controlle- Jones industrials a triple-dig- it gain and lifting technology stocks out of a slump. The Dow and Standard & Poor's 500 index locked in a three-dawinning streak; the Nasdaq composite index had its fifth straight gain. ing cookies, cakes or preserves. What about creating a gift basket for that some- e to investors anticipating a Congress as well as another interest rate cut from the Federal Reserve, which meets today. "If we get a sweep by the Republicans, that raises a lot of hope as far as tax incentives going forward. This market has a sense that the Republicans are going to recapture the Senate," said Peter Cardillo, president and chief strategist of Global NEW YORK Investors expecting a big Republican Election pay victory celebrated in advance with a buying spree Tuesday, giving the Dow There was no earnings or economic news to sway trading Tuesday, which is typical for an Election Day. But after four straight weeks of gains from Partners Securities. The Dow ended a lightly traded session up 106.67, or 1.2 percent, at 8,678.27. In the past three sessions, the Dow has climbed 28154. The broader market also rallied. The Nasdaq composite index rose 4.63, or 0.3 percent, to 1,401.17, having fallen as much as 17 earlier. The y Nasdaq has a gain of Tues- day's advance, which gained momentum in the last hour, AP Business Writer Susan Bondy Wary of Credit: It's Analysts attributed By AMY BALDWIN time with the family and shop, shop, shop. However, how do you do all of these wonderful things without going broke, broke, broke? The key to surviving is io budget, budget, budget. Here's some advice from Consumer Credit Counseling Services on keeping holiday finances in check-B- cost-savin- Stocks rise wftti'hbpa for ($0P sweep B0NDY ON MONEY holiday season is us time to eat, The NOVEMBER 6,1002 United Parcel Service Inc. chairman Michael Eskew envisions a day when his company will be known for tackling complex business problems as well as for package delivery. For now, investors are just hoping that Eskew and his team can management repair damage lingering from UPS's labor problems especially as the company heads into the critical holiday season. UPS actually had relatively little strife with the Teamsters union this year. In one of the biggest accomplishments during his first 10 months as chief executive, Eskew negotiated a new contract in July with the union that represents of UPS's nearly at all times. If you shop via the Internet, protect your passwords, and don't provide too much personal information. Make short shopping trips. This will help prevent you from buying on impulse because you are tired. It's a good idea to keep all your holiday shopping receipts in one place to help avoid the hassle of returning gifts. The holidays are a special time and should be enjoyed by everyone. It's important to remember that buying presents is only a small piece of the puzzle. If you're having financial difEculties, do not overextend yourself on items such as gifts. six-ye- ar two-thir- 370,000 workers. But that fears Atlanta-base- d the company might see a repeat of the 1997 strike that delayed deliveries across the country cost UPS scores of customers. Preying upon anxieties of a possible repeat, FedEx and other competitors wooed away companies that didn't want two-wee- low-priori- ty g Susan Bondy can be reached at askbondyaol.com. k to risk another costly interruption. The poaching lowered UPS's daily delivery volume by as much as 5 percent, or 500,000 packages, before the company and the Teamsters struck a deal. The hemorrhaging dissipated by the end of the summer, but UPS's shipping volume was 2 percent below the same time last year, averaging 13 million daily package deliveries. UPS has warned that all the lost business might not return until next year, which raises concerns that some, defections will be perma-'- ; nent. The customers aren't coming back as much as management thought they would," said industry analyst Stephen Jacobs of U.S. Bancorp Piper Jaffray. "The competition looks a lot tougher this time around." Rivals keep trying to turn UPS's new labor agreement into an albatross, suggesting that the contract is so expensive, UPS will be forced to raise its rates more than it has in the past. The new contract calls for an average annual increase of $1.46 per hour, up from 98 cents in the previous deal. UPS also third-quart- er wage-and-bene- is required to add 10,000 jobs during the final four years of the contract. Seeking to reassure customers, UPS management told analysts last month that its 2003 rate increase for ground deliveries will be in its traditional range of 2.5 percent to 3.5 percent. The company is trying to determine whether the labor headaches that temporarily shut down 29 West Coast ports in late September and early October will work to its advantage. On the possible plus side, UPS is helping businesses catch up with delayed shipments by adding six more weekly cargo flights between Asia and the United States, a 17 percent increase. But, while hetping UPS's air transport operations, .the port troubles threaten to slow the recent rapid growth of its freight services business, which depends on traffic on ocean and rail lines. Like most other companies, UPS also has been hurt by the economic downturn. Shipping volume is nearly 6 percent below the levels of two years ago and management doesn't envision an upturn this year, particular full-tim- e free-flowi- ng ly with the late Thanksgiving holiday wiping, out a week of the traditional Christmas shopping season. The lethargic conditions prompted UPS to project r earnings of 55 cents to 60 cents per share, below the consensus estimate of 61 cents among analysts surveyed by Thomson First Call. The lowered expectations followed a disappointing summer. UPS posted net income of $578 million, or 51 cents per share, 3 cents shy of analysts' consensus estimate. UPS believes the economy won't pick up speed until late next year. To compensate for the weak conditions, the company has been cutting its budget, limiting capital expenditures to $1.9 billion this year and $2 billion next year, down from $2.4 billion in 2001. This year's capital expenditures will be less than 6 percent of total revenue, off the peaks of 8 percent of annual revenue during better times. "We've been in business for 95 years and we have been through a lot of downturns and upturns," Eskew said. "We think we know how to manage in these times." fourth-quarte- third-quart- REMEMBER OUR' MERGE : On Monday, November 11, The Daily Herald will run a page where you can honor your veteran. For only $20.00, tell your hero how much you honor and respect them for their courage and accomplishments. Just fill out the form below and send in your Veterans photo and $20.00 payment to "The Daily Herald" Act Fast! Veterans ad must be in by Wednesday, November 6 2002 by 5:00pm. I Want to Honor a Veteran! Mail To: Veteran's Name: Where they served:. Attention: Veterans From : J .. Order not valid without the following information: Name (Person placing ad): Address: : State: City: Home Phone: ( Visa Day Phone: ) Master Card Zip: DiscoverAm Express Marvin Jensen ) ( Medic Corpsmen United States Army Check$Order With Great Respect Exp Date Card hove from .Date:. Signature:. i il kKjI-i- 1..u r iV '' i. - r ''It, .11 1 r V "- - ami your family. THE DAILY HERALD PO BOX 717 Provo, UT 84603 '''''-r'lr- " t au . er |