Business & Economy

Check your accounts

Business | New federal regulations will cut the amount of time consumers can "float" a check
by Dan Perkins
Posted 11/13/04, 12:00 am

Have you ever written a check without the funds in the bank to cover it? If you do it regularly, new federal regulations intended to speed up the processing of checks may cost you in the long run.

The Check Clearing for the 21st Century Act-or Check 21-allows financial institutions to exchange electronic images of consumers' checks rather than transporting the actual paper checks. That means checks that consumers write will have less "float" time between the time a check is written and when funds are actually withdrawn from the account.

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Day of retail

Business | Some Christian bookstores nationwide conduct business-special
by Jamie Dean
Posted 11/13/04, 12:00 am

Ty Mosler walked away from his management position at the Family Christian Bookstore in Asheville, N.C., after eight years because of a quandary he never thought he'd face: A change in the Christian store's operating hours meant Mr. Mosler would have to miss going to church at least half of the year.

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Search teams

Business | Google co-founders Larry Page and Sergey Brin have each amassed a $6 billion fortune
by Dan Perkins
Posted 11/06/04, 12:00 am

While many dot-coms have crashed and burned, search engine leaders Google and Yahoo are hot commodities on Wall Street.

Google, which went public earlier this year, was worth $44 billion when its stock price topped $165 a share last week. In just six years, co-founders Larry Page and Sergey Brin have each amassed a $6 billion fortune from their Stanford dorm room project. Many of the company's 2,700 employees are now millionaires.

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