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Archive for Sunday, November 30, 2003

Briefcase

November 30, 2003

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Cell phone customers ready to cut land lines

You can now be wedded to your cell phone number, while demanding a divorce from your wireless carrier. A new survey of 600 mobile talkers suggests plenty of folks are ready to do that when their current service contracts expire.

Fifty-nine percent of the respondents said they were aware of the new cell phone number "portability" law that took effect Monday, according to the survey by market research firm InsightExpress. Nearly a fifth, 18 percent, said they're likely to ditch a traditional phone line at home and use their mobile.

When choosing a wireless plan, the monthly fee and brand name were cited as the most important factors, by nearly half the people in the survey earlier this month. Coverage area was next, cited by 16 percent. The least important factor? The number of monthly minutes in a plan.

Many adults, teens need lesson on auto insurance

When it comes to the fundamentals of auto insurance rates, adults and teen drivers both have a few facts to learn.

Quizzing a group of 1,000 teens and 1,000 adults, the nation's third-biggest car insurer found the two groups were about equally knowledgeable on the basics of what affects rates.

Nearly three of four teens didn't know that your credit history plays a role in how much you pay for auto insurance, while 63 percent of adults didn't know this.

Nearly a third of adults, 30 percent, said the color of a car would affect the cost to insure it. More than a fifth of teens, 22 percent, also believed color was used to set rates. It's not.

Fortunately, most people do know the importance of age and experience when paying for insurance. Only 2 percent of teens believed age is not a factor in setting rates, and 9 percent of adults were laboring under that misconception.

The online survey was conducted by Progressive Corp., based in Mayfield Village, Ohio.

Motley Fool

Name that company

Founded in 1920, I'm one of America's largest poultry producers and meat processors, generating more than $2.7 billion in sales annually. I produce about 48 million pounds of chicken products and 4 million pounds of turkey products weekly. My birds are raised by almost 3,000 independent farm-family partners .My founder's name is my name, and his son made it famous when he became the company spokesperson. I was the first poultry company to include nutritional information on my labels. Privately owned, Forbes rated me as one of the 100 largest family-owned businesses. Who am I?

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