| Show BUSINTSS The Salt Like Tribune i:z lliursdaySopternts 920(4 I Former banker given YOUR MONEY Comm nrr Vnes Continental to charge service fees for tickets 110USTON — Continental Airlines Inc on Wednesday joined a string of major carriers In charging service fees for a irI Me tickets booked at reservations centers or airport ticket counters In the United States Effective immediately customers who buy tickets at Continental's US reservations centers will pay an extra $5 and a $IO fee will be added to tickets bought at ticket counters No fees will be charged for buying tickets on the airline's Web site kiosks or at airport The move follows similar service fees imposed by American Airlines Northwest Airlines Corp and US Airways Group By ERIN McCIAm I MIIrrII MIIrrII NEW YORK — Former star investment banker Frank Quattrone who made tens of millions of dollars ruling the Internet stock boom was sentenced to 112 years in prison Wednesday for obstructing govern-- ' merit probes of tech- stock offerings 1 ow US District Judge Richard Owen or- - 4 dered Quattrone to t 4r-- ' surrender in 50 days i ' and he granted a de- fense request to rec- ommend that Quat- trone be sent to a Frank Ouattrone prison camp in California where he lives Ile also was fined and sentenced to two years $90()00 probat ion The judge enhanced the sentencing after agreeing with prosecutors that the former Credit Suisse First Roston (CSFB) banker had lied on the witness stand when he testified he did not intend to obstruct : self-servic- ' ":"‘(1' Inc GM boosts incentives on 2005 vehicles DETROIT — General Motors coming off a third straight month of declining sales added $500 to $1000 in cash incentives on most 2005 model year vehi- as the world's largest automaker tries to spark r a rally GM's cash rebates on most 2005 models now range between $500 and $3500 spokeswoman Deborah Silverman said That includes $1500 on most pickups and sport utility vehi- In brief Family Fix a supplier of edited movies has moved its headquarters from Arizona to Provo The company in partnerLDS ship with Ogden-baseOverstock and Edited Entertainment plans to open 15 retail stores this year that will sell products of interest to members of The Church oftlesus Christ of Latter-daSaints to "clean up" their files before the holidays Quattrone added: "I strongly advise you to follow these procedures" At trial Quattrone claimed he was not thinking about ongoing government investigations when he sent the lie contended it was a simple reminder to follow the company's document-retentiopolicy Quattrone was tried on the same justice Probation officials had recommended five months in prison and five months home confinement Before the sentencing Quattrone told Owen in a steady voice: "I humbly ask that you show mercy and compassion for me and my family for whom any separation from me would be extremely detrimental" Quattrone's wife is chronically ill and Quattrone's lawyers have said his daughter has had psychological problems Owen said the impact on the family could be softened by its financial assets the wife has $50 million and the daughter has $26 million in a trust fund The judge noted that it was not unusual that family members would suffer after a father and husband was convicted of a federal crime "That's one helluva blow to a child" he said Outside court after the sentencing Quattrone looked into television cameras his voice breaking and said: "To my family in California I'm coming home soon I'm OK and I love you I can hold my head high right now because I know I'm the stand: Quattmne asks for mercy the judge says family's financial assets ill soften the impact of the sentence Lied on UTAH BUSINESS term 112-ye- ar d n three charges — obstructing a grand jury obstructing federal regulators and witness tampering — last fall but that trial ended in a hung jury CSFB paid $100 million to settle related civil charges Quattrone left the bank in early 2003 investment-bankinQuattrone's on some was of Silicon Valley's stamp flagship companies in the late 1990s — Amazoncom Netscape Communications Corp Cisco Systems and Intuit among others By late 2000 the government was looking into whether some CSFB clients had paid kickbacks in exchange for getting shares of hot IPOs The IPO investigation closed with no criminal charges filed Lawyers for Quattrone have said they plan to take their case to a federal appeals court Quattrone made as much as $120 million a year at CUB y Intermountain Bobcat the only authorized Bobcat dealer in Utah has expanded its product line by adding the Bobcat utility vehicle The dealership has stores in Ogden Murray and Orem 2200 g innocent" The sentence makes Quattrone 48 the most prominent Wall Street figure since junk-bondealer Michael Milken to face time behind bars The Quattrone case turned on a that Quattrone forwarded to CSFB bankers on Dec 5 2000 encouraging them d Cache Valley Electric with offices in Logan and Salt Lake City has been awarded the electrical contract for new construction at The Palace Indian Gaining Center in Lemoore Calif R80 Construction of Ogden is building two new Maverik Country Stores in Wyoming and Idaho Both projects are scheduled to be completed in cles Wednesday Greenspan sees rebound from 'soft patch' late-yea- full-siz- By MARTIN CRUTSINCER Amtmillied e WASHINGTON — Federal Alan Chairman Reserve Greenspan said Wednesday the economy has "regained some traction" after a late spring slowdown that was triggered by a sharp spike in oil prices In his testimony before the House Budget Committee Greenspan said two key indicators consumer spending and housing construction bounced back in July after a weak performance in June "Economic activity hit a soft patch in late spring after having grown briskly in the second half of 2003 and the first part of 2004" Greenspan told the committee "The most recent data suggest that on the whole the expansion has regained some traction" he said The Fed has boosted the federal funds rate the interest that banks charge on overnight low of 1 loans from a percent to 15 percent in the past two months Economists predict the Fed will keep raising rates at a measured pace at coming meetings including another increase Sept 21 quarter-poin- t Greenspan made no comments in his prepared remarks on the direction of interest rates Ile said this year's slowdown in activity "no doubt is cles Financing a vehicle through the company's finance arm General Motors Acceptance Corp can get the customer another Pk to $1500 in "bonus cash" The amount varies by region The new deals are good through Sept 30 Ford the nation's second largest automaker said Wednesday it was keeping its incentives program intact until at least Sept 30 Ford's deals include $4000 in cash on the 2004 Ford Taurus and $3000 in cash on the 2004 Super Cab I londa's SIN lineup to include Acura model DETROIT — Honda said Tuesday it will expand its lineup of sport utility vehicles with a new model from the Acura luxury division even as the Japanese automaker says its focus is on fuel economy and it considers other hybrid models 'tondo's new Acura SUV will be smaller and cost less than Acura's MDX SUV 'tondo is also preparing for the introduction of a hybrid version of the popular Accord sedan this fall Honda builds its hybrids in Japan — The Associated Press Phone books to include bra related in large measure to this year's steep increase in regional energy prices" Board The Federal Reserve separates the nation into 12 regions and eight The big jump in energy times a the releases Beige Book an economic forecast for each region year prices acts like a tax on consumers leaving them less ED Stronger ED Moderate 111 Weaker Region 2 Slower Region 7 money to spend on other Region 9 growth sales soften Region 10 items Consumer Agriculture Consumer In answer to questions down growth Region 4 spending spending Durable Greenspan told the panel that in consumer softens: rises labor Region 1 had it not been for the jump in spending see business goods market up Tech oil prices this year the country activity spending 4- - f: ' services would "still be seeing some retail sales increases : soften very strong growth" weak e --11 4 Greenspan refused however to quantify how much the J ) oil price increase had reduced 0 growth saying it had affected the economy in a number of I Region3 ways such as depressing MIin ia) -sumer confidence 4p sales A big slowdown in conN m- anufact I sumer spending pushed overall N economic activity down from a uring orders up robust 45 percent rate of a1 Region 8 growth in the first three Manufacturing Region 5 months of this year to a much Region 12 and service Retail sales Region 11 slower 28 percent growth rate Retail sales Manufacturing sector expands down auto sales in the second quarter remain mixed business some layoffs sluggish shopper The slowdown has been ac- strong services increase traffic tapers off closings companied by a significant manufact- moderately: Region 6 Uneven slowing in job growth as well uring picks retail sales of hurricanes because although there was a bit of a up soften rebound in August with payAP Source: kedend Ilmtrcr Board rolls rising by 144000 He warned that Congress coming generations of retirees Greenspan urged Congress to reinstate budget rules that must act with more urgency to that we will be unable to fulwere in effect through much of address the country's longfill" he said "If on further the 1990s that required any tax term deficit problems before study that possibility turns cuts or increases in benefit the retirement of the baby out to be the case it is imperaboom generation at the end of tive that we make clear what programs such as Social Secureal resources will be available rity to be paid for either by tax this decade "As a nation we may have so that our citizens can prophikes or spending cuts in other areas already made promises to erly plan their retirements" Continued from E2 events and celebrations of interest to Latinos Salt The Spanishlanguage Lake City directory is one of 22 bilingual directories Dex has intmduced in the Western United States since launching the initial directory last year in Pueblo CAilo Nichols said "We're very pleased with how it's being received in Salt Lake City" Salt Lake ti 1- awarded a contract to build a medical office building for County Health Services Construction is scheduled for completion in December 42000-square-fo- Weber-Morga- t:ir: N-- i 0 E Lincoln n and Associconsulting company with offices in Salt Lake City and Tooele has se- ates a medical-devic- e cured federal clearance for the first stand-alon- e discography syringe to be marketed in the United States The syringe and software was developed by Bountiful-baseEC Services and will be manufactured and marketed by Physician Industries of Salt Lake City VRise IN Veb" diDex's Spanish-languagcreates for rectory competition the Hispanic Yellow Pages of Utah which for the past 12 years has served the market Hex has targeted The publication's founder however is unconcerned "We know this market and it knows us We don't see Hex cutting into our revenue" said Ana Maria Fereday vice president of Hispanic Media Services publisher of the Hispanic Yellow J 0 rd: Big-- City-base- d Construction has been ---- -1 Pages 11 ispan ic Media Services distributes 45000 directories annually directly into neighborhoods and through 700 distribution points she said It also produces directories in Utah and Weber counties corn lisac(a d ' t !4 ONORTON'S Quaiity EEttttoo - 3 78 1 561 wwwnortonsidingcom A - 4 r t f 4 4 (3 ' IN '' ' lk 4rr' ' f ' e l' 1 4 ? It c i I olo 1 Awo 1 ' I I Ora ' ' r"! I il - 11 11 It outlook Federal Reserve's Cer- City-base- d tiport has expanded into China Certiport China will offer the company's computer training and certification services in the Shanghai area e Spanish too - Salt Lake to141 to) 0 k II 4 ''' : 64 1 '1 1 Ie 1 ' ':' "1 t 4" " F ' ': l': ' F: Vil 1 PI 1 itqF ' i t ii :ijjpIi11'-f1i1--- 1 t eRake ir - Could you have prostate cancer? Because prostate cancer is so prevalent and symptoms may not exist it is extremely important that all males over the age of 50 years get tested for the disease Men over the age of 0 years who have a family history of prostate cancer should also be tested r LET r I of Tc-iki- The Cancer Support Center at St Marks Hospital and Western Urological Clinic will hold a free prostate screening clinic on tt-1- 3 for information on time and place 268-742-2 MOUNTAINSIAR L 1 !EMI 'CARE t 1 tt r:: vfol7:fro L"'pTA - !Aiic 0 - 16- q1 and appointment is necessary St Mark's Hospital r? - v11! - I for a screening appointment uith a physician An cTortu Xecl Monday September 20 2004 Please call r ou - FREE SCREENING aFiT fl 17 i L t E VIIA A r: ' (- A V I !L Li t T li':-L111f41 - f' Pi-- iiHiil - - |
