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Monday, September 29, 2008
Treasury Opens Insurance Program For Money Funds
Greg Robb
MarketWatch Pulse
WASHINGTON -- The Treasury Department said it's temporary guaranty program for U.S. money market funds in now open. For the next year, the Treasury will insure holdings of any publicly offered money market mutual fund, retail and institutional, that pays a fee to participate. The temporary guarantee program provides coverage to shareholders for amounts that they held in participating funds as of September 19.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.






