Business briefs


Published: Saturday, February 1, 2003 at 6:01 a.m.
Last Modified: Saturday, February 1, 2003 at 1:31 a.m.

AARP to offer free help with filing at area sites

Beginning Monday, the American Association of Retired Persons' tax aides will offer free help with filing the 2002 individual income tax returns, including e-filing, at a variety of area sites.

The program, which lasts through April 15, primarily targets persons 60 years of age and older who have a low to moderate income, but other taxpayers of low to moderate income also can receive the help free.

Taxpayers visiting the sites should bring with them all relevant tax data necessary to prepare their return.

Following is a list of Gainesville area sites offering help:

  • Alachua County public library, 401 E. University Ave., Tuesdays from 10 a.m.-2 p.m., and Wednesdays and Fridays from noon-3:30 p.m.

  • Millhopper library branch, 3145 NW 43rd St., Tuesdays and Thursdays from 10 a.m.-2 p.m. and Wednesdays from 4 p.m.-7:30 p.m.

  • Tower Road library branch, 3020 SW 75th St., Mondays and Wednesdays from 10 a.m.-2 p.m.

  • Bank of America, 2815 NW 13th St., Mondays and Thursdays from 9 a.m.-1 p.m.

  • Keystone Heights Senior Center, 125 NE Commercial Circle, Tuesdays, 9 a.m.-1 p.m.; Melrose Fire Station, 301 Cypress St., Mondays, 9 a.m.-1 p.m.

    - Doris Chandler

    Investors spur rally

    NEW YORK - Investors took some chances on blue chip stocks Friday, picking up bargains after the Dow Jones industrials' nearly 900 point drop over the past two weeks. But the buying wasn't enough to save Wall Street from its third straight weekly decline, a slide not seen in nearly four months, or from heavy losses for the month.

    Analysts attributed the day's gains to investors seeking lower-priced stocks rather than improving sentiment about the market or the economy, especially since the news on both fronts was mixed Friday. The blue chip advance came despite investors' ongoing concerns that a war with Iraq would derail what's already been feeble economic progress.

    The Dow closed up 108.68, or 1.4 percent, at 8,053.81. For the week, however, the blue chips lost 1 percent.

    - The Associated Press

    United posts losses

    CHICAGO - United Airlines' parent company reported a record $1.5 billion loss for the fourth quarter Friday, punctuating an abysmal year in which it descended into bankruptcy.

    UAL Corp. lost a worst-ever $3.2 billion for the year, accounting for roughly one third of the industry's combined losses. Only American Airlines did more poorly, spilling $3.5 billion in red ink in 2002. If United, the world's second-largest carrier, does not turn its situation around quickly, analysts say it risks losing critical Chapter 11 financing and increases the possibility of liquidation.

    - The Associated Press

    Banker faces charges

    WASHINGTON - A high-profile investment banker at Credit Suisse First Boston faces civil charges for allegedly failing to supervise the firm's tech-stock analysts and improperly dishing out hot new stocks to clients, a source close to the matter said.

    The National Association of Securities Dealers has notified Frank Quattrone of its planned action against him, the source said Friday, confirming a report in The Wall Street Journal. The source spoke on condition of anonymity.

    Sanctions by the NASD can include civil fines and even exclusion from the securities industry. The notice to Quattrone gives him a chance to rebut the claims before the NASD takes action.

    - The Associated Press

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