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Show BUSINESS r.OITOR: ANNP tKHW.N B5 WIDNISDAY. SI T(ll;. DAILY Ht:RAl.D(www.lUrkThoHcraldcran) 2 &' Utalfti Coaiinfiy :9 I'll MHI R . 2IKH1 taslin!sss for m aDDDaoDce tem best." The alliance has been in The Dally Herald the planning stages for three months and it came In the spirit PROVO together Tuesday. of the powerful alliance And what about the made in the show not in the alliance? people "Survivor," a new business "I'm sure they're not of alliance comprised happy , about it," said roughly 100 Utah County Travis Parry of Grayson off businesses took Printing. Parry noted that Tuesday, some had turned the The funding for the new alliance down, but more called the had venture, accepted. Getting into "Corporate Alliance," is the alliance was a referral being driven by former process. "We're going to Provo Mayor Oeorge have a gentleman's agreeStewart, and the effort is ment to help each other being spearheaded by his mutually." son, Jared. When George had to Its an invitation-onlcarpet his home recently, alliance, open to only one he found out which carpet business from each busi was in the business ness category, alliance. One restaurant. "We chose the best in One mortgage lender. each business," Jared said. One printer. Several saw the benefit One charity, of being the only business not another from their category in the "It's, Chamber of Commerce," alliance, "You can speak without Oeorge said. "It has only one business in each cate reservation here," said gory and it will have them Jared, noting that comdo business with each petitors weren't going to By ANNE GOLDKN y ty. . i i I, I, i 3 in. Susan Bondy When placing a stock order, consider buying all or none (Ji What are "all or none" orders? just Haw a commercial on Internet trading where a guy asks this question and doesn't get an answer. A: The ad you saw is actually 1 for a brokerage full-servi- ce firm, and it implies that if you trade online there is no one to answer your questions, which is ; not really' true. Hut, to answer your question, order says: Fill an the entire order, or don't do it at all. This goes for a day order which iR good only for the : or a trading day order, which typically stays open from 30 to 180 days, depending on the brokerage firm. Let's step back for a moment and look at different trade orders and how they work. When you enter an order to buy or sell without mentioning a specific price, it is a market order, A market order is to be executed at the best possible price at the time the order reaches the floor of the exchange or the market maker. It will therefore be filled the quickest, Although you are not guaranteed a specific price, the market order is simple, speedy and certain. If you name a specific price, your trade becomes a limit order. A limit order to buy is executed at the limit price or lower; a limit order to sell is executed at the limit price or higher. But, if you specify a definite price, the order may not get done at all. If you tell the brothe order has ker an even higher chance of not getting filled since you have added an additional constraint. Say you want to buy 500 shares of XYZ stocks at $30 a . good-till-canc- share, but the market maker only offers 200 shares at $30. What's the broker to do? If you tell your broker "all-o- r none," he will pass up the offer. If you don't specify he will get the 200 and then shares try to purchase another 300 shares at $30. The 200-shar- e commission charges for two separate trades (200 and 300 shares) of a $30 stock are higher than on a single 600-shar- e trade, orders have advantages and disadvantages, The principal advantage is that if the order is filled, it will be filled at once and you'll get the price you want at the most efficient commission cost. Without order, you have the a better chance of getting the price you want, but you may not and you get the stock at all may end up paying a higher commission, especially if the orders get 200- - and executed on different days, Most brokerage firms charge price as long you the as both orders are executed on one day, but ask before you there is always an trade exception out there, "All-or-non- 500-shar- e Huitun Ifandv welcomes read' ers' questions, but the volume of mail prevents her from answering each letter personally. You Hunan at can nhnndvGt.vlll.cam. All letters will be treated confidentially. To find out more about Susan aonay, and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.crealors.com. o , 'mm:,,, ''Miff rv 4 1 i" m y other." Kind of like "Survivor"? "The people on the show who were" the most suc cessful were the best at networking and alliances," Oeorge said, while adding that he didn't agree with the person who won. "They were the most organized and understood the sys BRIAN MTMiHRAI.I) llic Daily Networking: Former Provo Mayor George Stewart, left, talks with Larry Anderson, of Dlvaport, an Internet company that operates out of Provo, before the start of a luncheon Tuesday for charter members of the newly formed strategic business group called Corporate Alliance of Utah County. . network with each other. There is also a networking AVeb site for them. be allowed in, "Our goal is to facilitate "You'll probably need 25 to 30 percent of the growth within the group," es offered here," Oeorge Jared said. "We can merge our interests because said, referring to the businesses in the alliance. "It there's no competition would be wonderful to do within the group." The business represenit with people you're com tatives at the meeting said fortable with." They're going to meet that this alliance was the together twice a month to largest they've ever seen in Utah County. They see value in it. "This is the biggest one I've seen," said Penni Crowther of Stone Flood and Fire, as she noted that she could see potential of building business relationships. "1 think it's a great like it that my competition is not here. I've never seen anything like thin in Utah County. This iH a good representation of the' town's best biiRineHHOH. And nieei-'in- g "I like it," said Andrew of Nielsen Totally Awesome Computers. "1 ran be Anna Golden ' or rexuhed at agoldeninlwra ldcxlra.com. the best business peo- ple in other fields is never going to hurt you." idea." U44-2R6- Firms ranked according to Utah's economy one friendliness of hottest in the U.S. working-mom SALT azine's Web site. Out of the 100 companies By MARIA CODER AP Buine Writer NEW YORK Fannie Mae offers paid time off for The work. volunteer OroupBSMO Benjamin pays its employees to exer cise, These comnnnies among the best are at helping working moms balance careers with the rest of their lives, according to Working Mother magazine, which issued its 15th annual list of top employers Tuesday. "It s not enoutfh anymore for a company to have a child care center at their home office to make the list, in the same way they can t allow flextime for just a of handful workers, Emolovers must be trina to integrate those practices up and down their organizational ladder" said Lisa R. Benenson, the magazines editor in chief. The list appears in the magazine's October issue and is available on the mag listed, the top 10 were Allstate Insurance Co., Bank of America Corp., Eli Lilly and Co., Fannie Mae Federal the (formally National Mortgage I BM Corp., Association), Lincoln Financial Group, Life Inc., Technologies Merrill Lynch & Co., Novant Health lnc, and Prudential Financial Services. The magazine listed them in alphabetical order, IBM has been among the longer top 10 for 13 years than any other company. "We have created a workplace that enables (women) to have multiple goals," said Ted Childs, vice president of global work force diversity. This year, Working Mother awarded a special award in the small business honoring category, Benjamin GroupBSMG Worldwide, a public relations firm. It helps pay gym and fees, membership employees who'd rather go surfing or walk instead of joining a gym earn an hourly rate, "We've always put in place very innovative benefits for our employees and never used our small business status as an excuse," said Shari Bonjamjn, the firm's CEO. Donna Lenhoff, general counsel of the National Partnership for Women and Families, said surveys are helpful, but there still needs to be more emphasis on workplace issues as well as on salary and benefits. Benenson agrees. "Companies in general arc doing better, it doesn't mean that there isn't a long road to go for the majority of workers. The companies who make our list provide some amazing benefits, but the fact is most Americans still don't have access to these kinds of family-friendl- y programs," she said. On the Net: www. American family members workin g more, s tudy says By GREG TOPPO Amociafed Prc Writer "all-or-non- 300-shar- e r My The WASHINGTON prosperity many American families enjoy is due not only to rising wages but to more family members workespecially among black and Hispanic families, a new study says. The study by the Economic Policy Institute, a think tank, found that an average middle-clasfamily's income rose by 0.2 percent, after inflation, from 1980 to 1998, But they also spent 6.8 percent more time at work to reap it, Without increased earnings from wives, the study's authors concluded, the averfamily's age middle-clas- s income would have risen only 3.6 percent over the ing union-supporte- d s decade, Government figures show that while the average work worker' full-tim- e week has remained fairly steady at about 43 hours, the share of married women working full time rows from 41 percent in 1989 to 46 percent in 1998, The EH study said black families work an average of 9.4 hours more per week than their white counterparts. Blacks work more hours than whites at every income level, said economist Larry die-clas- s Mishel, a To be black in America is to work more just to keep up," he said. The study also found that middle-clas- s Hispanic fami- lies work five hours more per week than their white counterparts. Upper-incom- e Hispanic families work the most of any group in any economic class, putting in 12.0 hours more per week than whites, the study said. Other ethnic groups were not profiled in the study. The statistics, based on liflbor Department figures, are part or a biennial report, The State of Working America," to be published in January. While advocates for workers portray the extra hours at work as a grim necessity to keep even, busi- ness groups say they more represent pursuit of the American dream. Martin Regalia, chief economist for the U.S. Chamber of Commerce, said much of the increase in work time is voluntary, as workers choose to earn more and move up economically. Wre not the rats on a treadmill; we're the rats that built the treadmill," he said. There's a very, very big difference between making a choice to run faster today so we can take it easy tomorrow versus being forced to run faster just to stay even." LAKE CITY Utah's economy (AP) was among the hottest in the nation during the 1990s, according to data released Tuesday by the U.S. S t Economics ' and ics were: Colorado, 6.6 percent; New Hampshire, 6.3. percent; New Mexico, 6.2 percent; Idaho, 6,1 percent; Georgia, 5,8 percent; and Texas, 5.6 percent, Eight of the top 10 states were in the West; seven of the Inst 10 were in the East. Hawaii had the worst state product, gross which decreased an average 0,5 percent a year between 1992 and 1998. Alaska's also dropped an average of 0.4 percent during the same period, Utah's 1998 gross state product was $59.62 0.7 percent of billion the nation's total up from $35.63 billion in ; t i s t Administration, , Utah had the third biggest gain nationally in gross state product from 1992 to 1998, the Deseret News reported from its Washington bureau. Gross state product is the value added to goods by production in a state. Utah's gross state product increased an average of 6.9 percent per year between 1992 and 1998, compared to the national average of 1992, measured in cur3.9 percent, Utah tied rent dollars, said The with Nevada and ranks agency behind Arizona, which Utah's economy and that of other top states were had a 7.5 percent aver-agannual increase, and fueled mainly by strong Oregon, that posted a 7.2 performances in hightech manufacturing and percent rise. Others in the top 10 business services. a o New airline begins NYC nonstop flights By HANNAH WOLFSON AP Bulne Writer SALT LAKE CITY will Airways flights nonstop begin between New York City Lake Salt and International Airport in November, with prices starting at $99 one way. "Of all the new services we've launched this year, this is the most personally satisfying," JetBlue CEO said David Neeleman Tuesday in the lobby of Salt Lake's airport. Neeleman, a Salt Lake native, started his New airline in February with $130 million and a single idea; Why not fly brand-neplanes amenities with at discount prices? On Monday, JetBlue No. flew passenger 500.000, and Neeleman said he expects August's books to show the airline JetBlue York-base- d top-flig- has reached profitability in record time. The key to success is repeat customers, he said, who return for the extra-largleather seats and free live television offered on all planes. At the same time, Neeleman said, flight times and the increased fuel efficiency of an ultramodern fleet help keep costs down, he said. JetBlue currently flies to seven cities from New York's John F. Kennedy Airport and also plans to start flights this fall to Burlington, Vt,, and West Palm Beach and Fort N Myers, Fla. The New Lake flights will start Nov. 17, with planes leaving New York at about 8 p.m. and arriving in Utah at 11 p.m., then turning around and heading back cast shortly before midnight. Prices will run between $99 and $249 one way. e non-pea- k York-to-Sa- |
