NEW YORK - Stocks surged Tuesday on signs of resilience in the housing market and the U.S. consumer, with falling oil prices giving investors an extra reason to rally. The Dow Jones industrials gained more than 120 points to reach a five-week high. The Dow rose 128.00, or 1.03 percent, to 12,510.30 - its highest close since Feb. 26, the day before it made its 416-point plunge. The Standard & Poor's 500 index gained 13.22, or 0.93 percent, to 1,437.77, and the Nasdaq composite index added 28.07, or 1.16 percent, to 2,450.33. Bonds were lower, with the yield on the benchmark 10-year Treasury note at 4.67 percent, up from 4.65 percent late Monday. The dollar rose against other major currencies and gold prices slipped. Light sweet crude dropped more than a dollar to $64.64 a barrel on the New York Mercantile Exchange. Advancing issues outnumbered decliners by about 3 to 1 on the New York Stock Exchange, where consolidated volume came to 2.90 billion shares, up from 2.80 billion shares Monday. The Russell 2000 index rose 8.55, or 1.06 percent, to 811.77.
WildBlue-1 service now available
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KINGSPORT - WildBlue announced Tuesday it is now offering high-speed Internet via satellite service in Kingsport through its new satellite, WildBlue-1. WildBlue provides high-speed Internet access via satellite to homes and small businesses in Kingsport not currently served, or underserved, by other high-speed providers. WildBlue launched commercial service via the Anik F2 satellite in June 2005 and currently has more than 130,000 customers nationwide. WildBlue-1 will allow WildBlue to more than triple its customer capacity, making high-speed Internet service available to more than 750,000 rural consumers throughout the continental United States. WildBlue offers Internet service in three packages to consumers and small businesses for $49.95 per month and up. WildBlue features download speeds of up to 1.5Mbps, competitive with other high-speed services. All packages include Internet Service Provider (ISP) services such as e-mail and Web space, the WildBlue Portal featuring the latest news, information and entertainment, along with customer care and an equipment warranty. WildBlue's equipment is available for $299, and certified professional installation is free. New WildBlue customers will receive one month of any service package free of charge during April. An always-on broadband Internet connection, WildBlue's two-way broadband service provides high-speed data in both directions, upstream and downstream. Customers do not need an additional phone or cable line in order to receive broadband Internet service from WildBlue. Service is available by calling 1-866-WILDBLUE (1-866-945-3258) or by visiting www.wildblue.com for information on local dealers.
Innovae moving, to hire more workers
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KINGSPORT - Innovae Graphics, also known as JDA Lithographic Group LLC, recently bought a new building and is moving. Betty Martin of the NETWORKS â€“ Sullivan Partnership told the Kingsport Economic Development Board Tuesday morning that Innovae closed last month on the old Noland building on American Way. The move from a leased facility on Ryder Drive will increase available space from 20,000 square feet to about 62,000 square feet and allow space for a new press on order. The $1 million purchase and move does not include the new press. The new press and move will pave the way for the projected hiring of an expected 20 new employees, Martin said, adding that Innovae has hired workers displaced by the closing of Quebecor World and the layoffs and pending closing of Cartamundi.
Saratoga ranked 79th by magazine
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JOHNSON CITY - Saratoga Technologies (www.saratogaus.com) Tuesday was ranked 79th in Accounting Technology Magazine's 2007 national VAR 100 List. Only two Tennessee-based companies made the list of the country's top accounting solutions providers. "We are very pleased to have been nationally recognized for a second year as a leading accounting solutions provider. Our commitment to this area of our business has allowed us to expand our offerings and deliver a variety of world-class accounting solutions to our clients," said Angela Corvin, general manager of Saratoga's Business Solutions Division. Saratoga Technologies currently supports Microsoft Dynamics GP, Microsoft Small Business Accounting and Sage Software's MAS 90/200 line of accounting software. Saratoga Technologies Inc. has locations in Johnson City, Knoxville, Cape Town, South Africa, and London. David Temple, president of Saratoga, can be contacted at 956-4220.