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In brief

CAN BE open house

CAN BE, the Community Association for New Business Entrepreneurship, is hosting a free open house Wednesday to help area residents learn how to develop a successful new business. The event will take place from 5 to 7 p.m. at the Greater Hazleton Business Innovation Center, 103 Rotary Drive, Valmont Industrial Park. Refreshments will be served.

Anyone with a new business idea, as well as those curious about the incubator program, is welcome to attend. There will be a tour of the business incubator and information on how to start a business will be available. Local business experts will also be available to offer mentoring information to entrepreneurs.

Treasury rates are mixed

The Treasury Department auctioned $16 billion in three-month bills at a discount rate of 4.765 percent, down from 4.770 percent last week. Some $15 billion in six-month bills was auctioned at a discount rate of 4.825 percent, up from 4.810 percent last week.

The three-month rate was the lowest since these bills averaged 4.710 percent on June 5.

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 4.90 percent last week from 4.97 percent the previous week.

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