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BUSINESS BRIEFLY

STEWART WANTS TO WRITE BOOK TO HELP OTHERS THROUGH THE COURTS

NEW YORK (AP) -- Martha Stewart said Monday she plans to write a book about her trial experience to help others facing that process.

"I think I'll write a book because I think it could be helpful to other people, just about what lawyer to choose, how to behave, how to attend an interview," the domestic entrepreneur told CNN's Larry King in her first live interview since being sentenced Friday.

Stewart was sentenced on Friday to five months in prison and five months home confinement for lying to investigators about a stock sale.

Stewart said on King's CNN program Monday night that she had no guide to help her handle the trial process.

"There's no how-to book about this," she said. "There isn't. And not that it's going to be a big best seller, but for anybody who has to go through this process, there should be some guidelines because guidelines would help."

TREASURY-BILL RATES RISE

WASHINGTON (AP) -- Interest rates on short-term Treasury securities rose in Monday's auction.

The Treasury Department sold $18 billion in three-month bills at a discount rate of 1.330 percent, up from 1.315 percent last week. An additional $16 billion was sold in six-month bills at a rate of 1.650 percent, up from 1.630 percent.

Both the three-month and six-month rates were the highest since June 28.

The new discount rates understate the actual return to investors -- 1.352 percent for three-month bills with a $10,000 bill selling for $9,966.40 and 1.687 percent for a six-month bill selling for $9,916.60.

In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, a popular index for making changes in adjustable rate mortgages, rose to 2.07 percent last week from 2.04 percent the previous week.

BIG JET ORDERS COMING IN

European aircraft maker Airbus signed a deal today worth more than $7 billion to sell 24 airplanes to Abu Dhabi-based Etihad Airways, including four of its new A380 jumbo jets.

Airbus said the deal, which is the biggest announced so far at this week's Farnborough international air show in England, includes options for Etihad to buy another 12 airplanes.

Airbus is developing the A380, which will seat about 550 passengers, to fill a demand it sees for super-size planes flying large numbers of passengers between specific cities. Airbus has now pre-sold 133 of the A380s.

Meanwhile, Boeing Co. announced Monday that it won an order from Emirates airlines for four 777 aircraft with an additional nine options, valuing the contract at as much as $2.96 billion.

Emirates, the biggest Arab airline, plans to double its fleet to 139 planes by 2011. Emirates said the order value was based on list prices. Deliveries will begin in 2006.
-- News Wire Services

IN OTHER BUSINESS NEWS

Home builders took a bit of a breather in June, sending housing construction down to its lowest level in just over a year. It was another sign that the economy slowed down last month.

The number of housing projects started was at a seasonally adjusted annual rate of 1.80 million units, an 8.5 percent drop from May's level, the Commerce Department reported today.

The European Union has approved the merger of Sony Music and Bertelsmann AG's BMG unit in a deal that gives the four "majors" control of about 80 percent of the world music market, a Bertelsmann spokesman said Monday. The deal leaves 80 percent of the market in the hands of four groups: Sony-BMG, Vivendi Universal, EMI and Warner Music. Sony-BMG and Vivendi Universal control about a quarter each.

The the average price nationwide of regular-grade gasoline rose 1.1 cent to $1.928 per gallon last week, the Energy Department reported Monday.

Apple Computer has slashed the price of its top-selling iPod music player by as much as 25 percent to preserve its lead as competitors enter the market.

Tribune Co., the second-largest U.S. newspaper company, Monday replaced the publishers at Newsday and Hoy in the wake of scandals over inflated circulation numbers.

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