REGION

REGION

Turning gets new contract

YOUNGSTOWN — Turning Technologies has been hired by Jack Morton Worldwide as the experiential marketing agency’s preferred supplier for audience response technology.

“Turning has an extremely successful history of partnering with the very best companies in the industries where we offer our products. We are very pleased to be Jack Morton’s preferred supplier of audience response systems,” said Mike Broderick, Turning Technologies’ chief executive officer.

Jack Morton creates live events and interactive experiences that engage and inspire business, consumer and employee audiences for top global brands. As part of this agreement, Jack Morton is allowing Turning to train their sales, marketing and technical staff to support the TurningPoint audience response system — allowing Turning’s interactive response technology to become another value added to their event offerings, Broderick said.

Turning Technologies’ flagship product, TurningPoint software, in conjunction with ResponseCard keypads, creates a wireless audience response and voting system that enables trainers and presenters to engage their audience as well as develop and administer real-time assessments of participants from within Microsoft PowerPoint presentations.

Insurance.com milestone

CLEVELAND — Insurance.com, an online auto insurance agency, announced the sale of half a million auto insurance policies since its launch in 2001.

“We’ve always said that consumers have been using the Internet more often to shop for important financial products, such as car insurance,” said David Roush, chief executive officer of Insurance.com. “This latest milestone of half a million auto insurance policies sold confirms this trend shows no signs of slowing down.”

Insurance.com brings the nation’s leading car insurance companies together in a single marketplace where consumers can compare multiple rates, and buy an auto insurance policy immediately, either online or over the phone with a licensed car insurance agent, Roush said.

NATION

Treasury bill rates fall

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday’s auction, with rates on three-month bills sliding to the lowest level in more than two years.

The Treasury Department auctioned $21 billion in three-month bills at a discount rate of 2.850 percent, down from 4.630 percent last week. An additional $17 billion in six-month bills was auctioned at a discount rate of 3.950 percent, down from 4.710 percent last week.

The three-month rate was the lowest since three-month bills averaged 2.800 percent on May 16, 2005. The six-month rate was the lowest since these bills averaged 3.870 percent Oct. 3, 2005.

The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,927.17 while a six-month bill sold for $9,800.31.

Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, fell to 4.44 percent last week , down from 4.78 percent the previous week.

From Vindicator staff and wire reports