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THE BLADE: TOLEDO, OHIO ■ WEDNESDAY, MARCH 18, 2015 SECTION B, PAGE 7toledoBlade.com
Market at a Glance
16,000
16,500
17,000
17,500
18,000
18,500
S MO N D J F
17,600
17,920
18,240Dow Jones industrialsClose: 17,849.08Change: -128.34 (-0.7%)
top 100 FundSNAMe NAV CHG NAMe NAV CHG NAMe NAV CHG NAMe NAV CHG NAMe NAV CHGDFAEmMkCrEqI 18.91 +.16EmMktValI 25.24 +.24USLgValI 33.90 -.14Dodge & CoxBal 102.57 -.24Income 13.87 ...IntlStk 43.23 -.05Stock 180.31 -.61FPACres d 33.84 -.07FidelityBal 23.26 -.01BlChGrow 72.67 +.09Contra 101.50 -.12ContraK 101.44 -.12DivrIntl d 36.48 -.13FrdmK2020 14.55 -.01FrdmK2030 15.58 -.01GrowCo 139.94 +.32GrthCmpK 139.79 +.32LowPrStkK d 50.98 -.16LowPriStk d 51.02 -.16Magellan 95.84 -.09
Puritan 22.10 -.03TotalBd 10.73 +.01Fidelity Spartan500IdxAdvtg 73.73 -.24500IdxInstl 73.73 -.24TotMktIdAg d 61.00 -.13First eagleGlbA m 53.50 -.04FrankTemp-FranklinIncome C m 2.39 -.01IncomeA m 2.37 ...FrankTemp-TempletonGlBondA m 12.34 ...GlBondAdv 12.29 -.01HarborCapApInst 62.08 -.04IntlInstl 67.41 -.35loomis SaylesBdInstl 14.48 -.01MFSValueI 35.40 -.18Metropolitan westTotRetBdI 10.95 +.02
TotRtBd b 10.95 +.01oakmarkEqIncI 32.35 ...Intl I 24.77 ...Oakmark I 66.75 ...oppenheimerDevMktY 34.05 +.18PIMCoAllAssetI 11.46 ...IncomeInl 12.34 ...TotRetAdm b 10.79 +.01TotRetIs 10.79 +.01SchwabS&P500Sel d 32.54 -.10T Rowe PriceBlChpGr 71.60 +.03CapApprec 26.92 -.05EqIndex d 56.11 -.19EqtyInc 32.48 -.12GrowStk 55.32 +.11MidCpGr 79.54 -.01NewHoriz 46.17 +.08NewIncome 9.62 ...R2025 16.07 ...
Fund notes: b-Fee covering market costs is paid from fund assets. m-Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. x-fund paid a distribution during the week.
Stock notes:d - new intraday 52-week low n-stockwasanewissueinthelastyear-the52-weekhighandlowfiguresarecalculatedfromtheirstartdates - stock has split, increasing outstanding shares by at least 20 percent within the last year u-new intraday 52-week high v - Trading halted on primary market vj - company in bankruptcy, receivership or being reorganized under the bankruptcy law - this appears in front of the name
American FundsAMCAPA m 28.69 -.07AmBalA m 24.83 -.06BondA m 12.86 +.01CapIncBuA m 59.08 -.11CpWldGrIA m 46.96 -.14EurPacGrA m 49.31 -.04FnInvA m 52.53 -.19GrthAmA m 44.34 -.01IncAmerA m 21.57 -.05InvCoAmA m 36.88 -.09MutualA m 37.00 -.10NewPerspA m 37.88 -.02SmCpWldA m 47.34 +.04WAMutInvA m 41.32 -.12ArtisanIntl d 30.97 -.21BlackRockEqDivI 24.84 -.10GlobAlcA m 20.22 ...GlobAlcC m 18.56 ...GlobAlcI 20.33 -.01StrIncIns 10.20 -.01
NAMe NAV CHG
CONSUMER SAVINGS AND LOANS Rates as of March 17, 2015
Banks, savings & loans
Money market savings
Min. Deposit APY
CDs Less than 1 to More than 1 year 3 years 3 yearsMin. Min. Min Deposit APY Deposit APY Deposit APY
Home equity Fixed- Lines of term loans credit $25,000- $25,000- $49,999 $49,999 APR APR
Charter One Bank 877-242-7837 $10,000 1.11% $1,000 0.80%
9 mos.$1,000 1.25%
14 mos.$1,000 1.15%
48-53 mos. 5.49% 4.79%
Fifth Third Bank 419-259-2370 $50,000 0.30% $5,000 0.05%
11 mos.$5,000 1.00%
28 mos$5,000 2.00%
60 mos. 3.55% 3.05%
First Federal Bank Defiance 877-367-8178
$1,000 0.03% $500 0.08% 7 mos.
$500 0.75% 25 mos.
$500 1.60% 48 mos. 5.166% N/A
First Federal S&L of Delta 419-822-3131
N/A $500 0.07% 6 mos.
$500 0.15% 12 mos. N/A N/A 5.75%
FirstMerit Bank 419-843-9680 $10,000 0.40% $1,000 0.10%
6 mos.$1,000 0.30%
36 mos.$1,000 1.00%
60 mos. 4.99% 3.74%
Genoa Bank 800-592-2828 $10,000 0.10% $1,000 0.05%
Source: Financial institutionsNOTE: There may be terms and conditions to obtain the above rates, including having a savings or checking account with the institution. Also, for credit unions, conditions could include being a resident of a particular county or an employee at specified businesses.APY is annual percentage yield, and it could change during the term of deposit. APR is annual percentage rate (including interest and fees). Methods of compounding vary. N/A means not available.
BanksContinued from Page B6
Michigan counties of Monroe,Hillsdale, and Lenawee coun-ties, nothing changed in theratings of the four creditunions there. The ratings oftwo banks in those countiesalso did not change.
Other than Beacon Mutual,Toledo Teamsters, andCroghan Colonial, the remain-ing banks and credit unions innorthwest Ohio were un-changed.
In northwest Ohio, 25 creditunions received five stars, 10
had four stars, five had threestars, the Toledo Teamsterscredit union had one star, andfive institutions did not haveenough in total deposits to re-ceive a rating.
Among northwest Ohiobanks, 14 had five stars, six hadfour stars, two had three-and-a-half stars, and one institu-tion, Bank of Maumee, hadtwo stars.
In southeast Michigan, twocredit unions had five stars andtwo had four stars. One bankhad five stars and two bankshad four stars.
stockpiles of 79.89 milliontons, or almost enough tosupply the world’s top sevenconsuming countries, datafrom the London-based sugarorganization show. India, thesecond-largest producer, willhave the biggest harvest inthree years at 26 million tons,a Bloomberg survey showed.A Thai industry group esti-mated cane output rose 6.1percent this season.
In Brazil, which suppliesone-fifth of the world’s sugar,the incentive to sell moreoverseas has increased in thepast few months, as budgetdeficits and a stalled economysent the real plunging to thelowest in almost 11 yearsagainst the dollar. In the weekended March 11, domesticcargoes waiting to be shipped
jumped 33 percent from aweek earlier, according toRecife, Brazil-based WilliamsServicos Maritimos Ltda.
Two decades of uninter-rupted consumption growth
and four years of slumpingprices may leave less supplythan forecast. In Europe, peo-ple ate on average 81.8 poundsof sugar in 2013, up from 77.4pounds in 2011, while Ameri-cans ate 71.6 pounds, up from68.3 pounds, the sugar organi-zation estimates. Globally theaverage was 50.7 pounds.
Food makers may not seemuch benefit in the UnitedStates, where the governmentlimits sugar imports. Domes-tic futures, which trade at apremium to the world price,are up 9.6 percent from a yearago. Mondelez raised pricesto cover higher costs for co-coa, milk, and sugar.
Commodities got cheaperin recent months, but they“are all still up year-over-year,” CEO Irene B. Rosenfeldsaid on a Feb. 11 conferencecall. “The market basket of in-puts for our chocolate busi-ness are among the highest,”which is why the Deerfield,Ill.-based company made $1.6billion of price increases lastyear, she said.
While sugar was “modestlyfavorable for us” in 2014, thebenefit was “overwhelminglyoffset” by cocoa, dairy, andpackaging costs, MichaelMitchell, a Mondelez spokes-man, said Monday via email.
FreezingFebruarycrusheshome startsCold could frosteconomic growthASSOCIATED PRESS
WASHINGTON — Con-struction of new homes plum-meted in February, as fiercewinter weather froze housingstarts in the Northeast andMidwest.
The Commerce Departmentsaid Tuesday that builders be-gan construction at a season-ally adjusted annual rate of897,000 homes in February, asteep 17 percent plunge fromJanuary. Housing starts slid56.5 percent in the Northeastand 37 percent in the Midwest,while falling 18.2 percent inthe West and 2.5 percent in theSouth.
The brutal cold spell acrossthe Northeast and Midwestlikely caused construction ac-tivity to slow. Fewer would-bebuyers are touring openhouses, while consumers seemintent on using their savings atthe gasoline pump to paydown debt.
The impact of the coldweather on construction willlikely subdue overall economicgrowth in the first threemonths of 2015.
“A weak first quarter is nowa virtual guarantee as yet an-other cold winter is dampen-ing activity,” said Dan Green-haus, chief strategist at thebrokerage BTIG.
The National Association ofHome Builders/Wells Fargobuilder sentiment index re-leased Monday slipped to 53 inMarch, the third straightmonthly decline. Readingsabove 50 indicate more build-ers view sales conditions asgood, although the indexshowed a drop in buyer traffic.
Sales of new U.S. homeswere basically flat in January,falling 0.2 percent from theprevious month to a seasonallyadjusted annual rate of481,000, according to a sepa-rate Commerce Departmentreport. Sales rose 5.3 percentfrom a year earlier, when theextreme winter hurt sales.
Employers added 295,000jobs last month to help cut theU.S. unemployment rate to aseven-year low of 5.5 percent.And the average 30-year fixedmortgage rate was 3.86 percentlast week, according to mort-gage giant Freddie Mac. A yearago it was 4.37 percent.
Housing-industry analystsexpect sales to rebound withspring and as the broader eco-nomic strength r ipplesthrough to the housing sector.But Tuesday’s report indicatesthat the gains could be con-centrated in the rental market.
Approved building permitsrose 3 percent to an annualrate of 1.09 million in Febru-ary, as apartments accountedfor the entire gain.
RenegadeContinued from Page B6
Tom Libby, an analyst withIHS Automotive. “Other main-stream brands are going to beforced to go into that segmentto maintain their share.”
Mr. Libby thinks Jeep hasdone a good job in positioningthe Renegade into its lineup,and expects it to sell well —though likely not to the level ofthe Cherokee, Wrangler, orGrand Cherokee.
Though the Renegade mayhurt sales of the Jeep Compassand Patriot, both of which areold models due for replace-ment, analysts don’t expect itto steal any sales from any ofthe larger Jeeps, such as theCherokee. In fact, it may helpthe Cherokee down the roadwhen Renegade drivers arelooking to trade up.
Though the seating positionwould suggest otherwise, theRenegade rides more like a carthan a truck. Built in Italy, theRenegade shares its platformwith the Fiat 500X. However,there’s still plenty of Jeep DNA,especially in Trailhawk trim.
Like with the Cherokee, theTrailhawk version providesgoodies meant for off-roading.It also adds cosmetic touches,such as the topographic mappattern of the seat fabric.
The seats are firm, but com-fortable. The Renegadedoesn’t seem to have quite thesame level of refinement thatthe larger and more expensiveCherokee does, and there’s alittle bit of wind and roadnoise. There’s not a ton of backseat room, but you can legiti-
mately carry adult passengers.On the road, it feels nimble
and light, though not terriblyquick. We drove the morepowerful 2.4-liter equippedversion, which is paired withthe same nine-speed auto-matic transmission that goes inthe Chrysler 200 and JeepCherokee. The Renegade alsocomes with a turbocharged1.4-liter four cylinder that canbe paired with a six-speedmanual gearbox.
And though the Renegadecertainly doesn’t ride like aWrangler, you’re not likely toforget you’re driving a Jeep.
From subtle to screaming,there are little Jeep design de-tails everywhere.
The famous Willys-style slot-ted-grille-and-headlight motifis stamped into the speakers,the rearview mirror housing,and a number of other places,including both headlights andboth taillights. There areplenty more, but looking forthem is half the fun.
Pricing starts around$18,000 for a base front-wheeldrive model but can scoot past$30,000 for a well-optionedTrailhawk. The one we took fora spin was listed at $28,230.