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Business
. . . . . . . .
Jobs, real estate & misc.Classified, 9-11D
The Dallas Morning News Section D Sunday, May 4, 2014
TRENDING
Big Apple adviceA new cartoon book explains the many NewYork City dos and don’ts. 2D
ECONOMY & YOU
The nanny planFor some college graduates, nannying is notsuch a bad deal. 3D
ENTREPRENEURS
Front-door techSMU grads follow a dream, develop an “in-telligent doorbell.” 4D
PERSONAL TECHNOLOGY
Kid trackersThere are ways of keeping tabs on your kids’phone activity. 5D
INSIDE THIS SECTION
E nergy Future Holdings haslost almost $21billion sinceit bought TXU Corp. in
2007. After the company filed forbankruptcy last week, bond in-vestors will lose billions, too.
But most ratepayers in Texasneedn’t worry. It’s not their prob-lem.
They’re not on the hook forlosses or stranded costs. Andthey’re paying less for electricitytoday than when the deal closed.They’re also paying less, on aver-age, than the rest of the UnitedStates.
Credit deregulation, competi-tion or karma, but the EFH dramais playing out the way it should.
The private equity gamblers,along with their backers, buriedthe company in debt to make a beton rising commodity prices. Theylost the wager, along with some oftheir masters-of-the-universereputation.
The rest of us, who havelearned how to buy electricity forcheap, are doing just fine, thankyou.
BUSINESS INSIGHT
MITCHELLSCHNURMAN
EFH’sworriesnot ours
See CONSUMERS Page 9D
M oms are leaving theworkforce and stayinghome with their kids,
according to a recent Pew Re-search Center study. It observedthe continuation of a trend thatbegan in 1999. Today, 29 percentof women with children elect tostay at home, up from 23 percentin 1999.
As you might expect, there wasmuch hand-wringing about thisshift away from the workplace.Some suggested that a slack jobmarket was the cause. Others saidit might be due to the high cost ofday care — in an economy of low-er-paying jobs, being a workingmom doesn’t pencil out.
I’d like to suggest anotherthought: Even if some of the rea-sons for having more stay-at-
LIFE AND MONEY
SCOTT [email protected]
A parent at home?Priceless
See A PARENT Page 8D
setts enacted the nation’s firstsweeping health insurance law,legislators expected newly insuredpatients to stop using the emer-gency room as their gateway tomedical help. That did not hap-pen. Massachusetts now has thenation’s lowest rate of uninsured —3.1percent — and the most expen-sive health care.
Extending insurance did notcause the high cost of care in Mas-sachusetts, but it didn’t curb it, ei-
BOSTON — At Boston Medi-cal Center, the emergency roomsees more than 356 of the poorestand most disadvantaged on anaverage day. Many don’t need to
be here. They now have Medicaidor health insurance, and theirpains, flu and stomach upsetscould easily be tended at a doctor’soffice or outpatient clinic — and atfar less cost.
“We’re still seeing a very highvolume,” said Dr. Andy Ulrich, vicechairman of the emergency de-partment. “You can’t go to your pri-mary care doctor at 8 p.m. or whenyou get off work.”
Eight years ago, as Massachu-
ther. Yet lawmakers cut reim-bursements for safety-net teach-ing hospitals like Boston Medicalbecause of an expected decline inemergency room use by the unin-sured.
It drove Boston Medical to thebrink of bankruptcy. The hospitalturned itself around by findingways to trim operating expenses by$100 million.
Massachusetts’ broad insurance law hasn’t cut costsHEALTH CARE
State has lowest rate of uninsured, mostexpensive care in nation
By JIM LANDERSWashington Bureau
See HOW Page 8D
DR. ANDYULRICH helpsoversee theemergencyroom in Bos-ton.
Not that long ago, Texas was a majorhorse racing state. In October 2004, morethan 53,000 fans jammed Lone Star Parkin Grand Prairie for the Breeders’ Cup, theonly time that premier event has ever beenheld in the state.
The off-track parties, featuring GeorgeStrait and Willie Nelson, were memorable,too. Longtime industry executive Dan Ficksays many of his friends from around thecountry still call it “the most fun Breeders’Cup” ever.
A decade of decline later, though, thefun is almost gone. When it comes to horseracing, the words “major” and “Texas” nolonger seem to go together.
Last year, Texas ranked 17th amongstates for purses paid in Thoroughbredraces, just ahead of Iowa, according to TheJockey Club. Attendance and total wager-ing are less than half their levels of 2000.
HORSE RACING
Photos by Tom Fox/Staff Photographer
The Thoroughbred racing season at Lone Star Park sprinted from the gate in April. Texas, which is 17th in purses paid, is surroundedby states with better horse racing prize money because winnings are boosted by slot machines and other types of gambling.
Long shot of a future
Bugler JayElmore of
Dallaswarmed upfor the Callto the Post
betweenraces on
opening dayat Lone Star
Park atGrand
Prairie.
After decade of decline, Texas isn’t a major player
By GARY JACOBSONStaff Writer
See A LAST Page 7D
D2 05-04-2014 Set: 17:21:09Sent by: [email protected] Business CYANMAGENTAYELLOWBLACK
2D Sunday, May 4, 2014 dallasnews.com The Dallas Morning News
Trending
For his cartoon book, NYC Basic Tips and Eti-quette, Pyle compiled dozens of humorous do’s anddon’ts, including how to tell the difference betweenthe Manhattan Bridge and the Brooklyn Bridge. (It’snot that hard, people — metal vs. blocks!)
“The ideal reader is anyone who wants to staysane in New York City,” says Pyle, adding that hequickly realized that New Yorkers talked fast, walkedfast and don’t have a lot of patience for those whodon’t.
Among his other tips: Adhere to the “ideal walk-ing formation” for a pedestrian quartet (not fourabreast, but two by two). One $20 umbrella will out-
NEW YORK — Six years after moving to Manhat-tan from Ohio, Nathan Pyle has come up with someuseful observations about life in New York, and thetips work as well for tourists as they do for transplants.
For example, beware the empty subway car on atrain — you don’t want to know why nobody’s in there.And here’s how to ask for directions without annoyingthe natives: Be succinct.
last four $5 umbrellas. Close restaurant doors quick-ly on a cold day or everyone inside will hate you, anddon’t expect to be served if you are talking on yourcellphone.
Also: Don’t be that person — the one who sits onthe subway with your stuff taking up the next seat,who walks side by side with friends, blocking thesidewalk, or who gets to the front of the deli linewithout knowing what to order.
“There are things we can all agree on,” he says.“I’m talking about the beauty of conformity. This iswhat we do to make this city work.”
The Associated Press
TRAVEL
Walk like a New YorkerCartoon book spells out how tosit, where to stand, what to do
EssentialismGreg McKeown (Crown Business, $23)
Look at your inbox, to-do list andcalendar. They are filled with things youhave to do. Greg McKeown says his re-
search showsthat peopledon’t believethey have achoice in whatopportunity, as-signment orchallenge totake on.
Instead oftalking to their bosses about shifts inpriorities or saying no to people who hi-jack their time, most people let the workpile up and hope they can do it all. Theycan’t.
Lots of us shift endlessly from onetask to another. We’re busy all day butnot very productive. We’re mentallyfried at day’s end.
What’s the alternative? Make choicesbased on focus. “Distinguish betweenthe vital few and the trivial many.” For-get about doing it all; focus on “Whatproblem do I want? What can I go bigon?”
Start separating the vital from thetrivial by making yourself unavailable atcertain times. No phone, no email, nointerruptions. Use the time to thinkabout what’s important and how youcan make important things happen. It’syour time to self-strategize.
Invite your mind to play “If I… .” Thisallows you to challenge assumptionsand explore options.
Key takeaway: There’s a differencebetween activity and progress.
Make WavesPatti Johnson (Bibliomotion, $26.95)
Waves begin as ripples of “what if?”thoughts. Wave-makers see changeas opportunity, notas a problem orrisk. They knowthat actions speaklouder thanwords.
Why don’tmore people make
waves? Author Patti Johnson cites fivereasons:
Fear. You waste time worrying aboutwhat others may think of your idea.
Lack of personal accountability.You think it’s not your job; someone elsewill do it.
Assumptions. “Facts” without vali-dation create obstacles to action.
Procrastination. When you’rebreaking trail, it’s too easy to put off do-ing the hard work in front of you.
Perfectionism. Perfectionism canmake you think that you have to coverall the bases before you can make awave.
You have two choices, Johnsonwrites: Make things happen or letthings happen. If you choose to makethings happen, get out of your way.
Jim Pawlak reviews business books
for The Dallas Morning News.
BOOKSBy JIM PAWLAKSpecial Contributor
CHICAGO — Between thestacks of colorful jeans, visitors tothe Benetton on Michigan Avenuemight catch a whiff of a marketingtrend.
Mounted high in the corner be-side the store entrance, a scent dif-fuser spreads a spring fragrance.
“It finishes the emotion we aretrying to create in the store,” saidBenetton’s Robert Argueta.
Scenting is catching on instores, car showrooms, stadiums,airports and banks that seek to dis-tinguish themselves through thedeeply influential sense of smell.
Research has shown the rightscent can open people’s wallets,project a sense of comfort, shortenthe time you believe you’re waitingor even improve your sense of per-formance.
The global scent-marketing in-dustry grossed an estimated $200million in revenue last year and isgrowing around 10 percent annu-ally, said Jennifer Dublino ofScentWorld Events, a trade groupin Scarsdale, N.Y.
Scent marketing is divided intotwo categories: ambient scenting,which fills a space with a pleasantsmell, and scent branding, whichdevelops a signature scent specificto a brand. The former can cost$100 to $1,000 a month, depend-ing on the size of the space. The lat-
ter runs anywhere from $3,000 to$25,000, plus a monthly mainte-nance fee.
Some venues use multiplescents. Marlins Park baseball stadi-um in Miami uses the smell of cara-mel popcorn in the concourse, ablack orchid aroma in the luxuryDiamond Club and a muted orange
in the team store.But a bad scent will leave an im-
pression faster than a good one,said Pamela Dalton, an olfactoryscientist. Because scent is subjec-tive, companies tend to tack to themiddle of the road so as not toalienate customers.
Chicago Tribune
Retailers try on scents to stand outMARKETING
Sense of smell tapped toboost sales, create identity
Armando L. Sanchez/Chicago Tribune
Maggie Avila came to Benetton to browse, but the scent diffuserabove her head in the retailer’s Chicago flagship store is de-signed to keep her there, enjoy any wait and, above all, buy.
W ho are “they”?That's the question I often ask people
when they want my opinion about somefinancial advice they've heard. Here are some of thethings “they” say:
■ Getting stu-dent loans is agood thing becauseit’s an investmentin your future.
■ Now’s thetime to get a homebecause interestrates are low.
■ Never pay off your mortgage, or you shouldkeep a mortgage for the tax break.
■ It’s better to pay off the debt by borrowingfrom your 401(k) retirement savings account be-cause you will be paying yourself back.
My question about who “they” are often solicitschuckles because people realize that in their effortto help themselves, they’ve picked up pieces ofadvice from biased individuals or without doingthe work to figure out if it’s prudent.
Millions of consumers have been duped bypeople — many once touted as icons — who turnout to be charlatans or who gave advice that theythemselves didn't follow, says Zac Bissonnette, apersonal finance writer.
Time and again, we learn that self-help authorshave become wealthy not by following their ownadvice but by selling the concept of a certain life orfinancial enriching strategy. We’re reminded thatpoliticians, corporate and religious leaders, en-trepreneurs, sports figures and relationship ex-perts are not practicing what they preach. It’s thesefolks that Bissonnette criticizes in Good AdviceFrom Bad People: Selected Wisdom From Murder-ers, Stock Swindlers, and Lance Armstrong (Port-folio/Penguin, $15). It’s my pick for this month'sColor of Money Book Club. The murderers includecult leader Jim Jones and Gary Shawkey, who wasgiven a life sentence for killing a 71-year-old in-vestor he bilked out of $1.2 million. His self-pub-lished book was titled If I Can ... Anybody Can ...
I couldn't stop shaking my head as Bissonnettetook me down memory lane, starting with thefinancial arena.
Remember the Beardstown Ladies?They were part of an investment group from
Beardstown, Ill., who wrote the bestselling TheBeardstown Ladies' Common-Sense InvestmentGuide: How We Beat the Stock Market and HowYou Can Too.
Along with some recipes for stew and chicken,we were told that from 1984 to 1993, the ladies hadan average annual investment return of 23.4 per-cent. Their book sold almost 800,000 copies.
But some number crunching from journalistsand an eventual audit found the ladies hadn’tbeaten the market or most money professionals.
The women said it was a miscalculation. Theirpublishing company was sued. There was a settle-ment, and now we have a good lesson about theimportance of vetting people’s investment claims.
In the not-so-distant past, we had the falling ofanother “they” in Bernie Madoff. The once-promi-nent member of the securities industry and thechairman of Nasdaq is serving a 150-year prisonterm for bilking investors out of billions.
“And yet, when he actually took a moment togive personal finance advice after his fall fromgrace, he provided wisdom that everyone shouldfollow: low-cost index mutual funds are the bestoption for most investors,” Bissonnette writes.
Says Bissonnette, “All too often, America’ssmiling, inspirational prophets turn out to becomically — and sometimes darkly — horrible atfollowing their own leads.”
I’m sure plenty of people might take issue withsome of Bissonnette’s selections of “bad people.”But his book will at least make you pause beforeyou start a sentence with, “They say.”
Stop listeningto the expertsyou call ‘they’
D3 05-04-2014 Set: 17:30:07Sent by: [email protected] Business CYANMAGENTAYELLOWBLACK
The Dallas Morning News dallasnews.com Sunday, May 4, 2014 3D
Economy&YouPERSONAL FINANCE ADVICE POWERED BY
Need help? Email [email protected] question will be sent to a member of theFinancial Planning Association of Dallas-Fort Worth.
dollarwiseblog.dallasnews.com
After going through thegrueling process of applying forcollege, writing essays, keepinghigh school grades up, and try-ing to boost ACT and SATscores, high school seniors andtheir parents have a few moretortured days ahead.
Early May is typically whencolleges want students to telladmissions offices whetherthey will take the college up onits offer. And since most par-ents can’t save enough to coverthe full cost of college, the deci-sion tends to induce agonizingover whether they afford thedream college, and whether it’sworth it.
Criteria range from the col-lege’s reputation to gut feelingsabout the culture. But themoney realities are increasing-ly drawing attention as parentsstruggle to catch up from therecession and as students an-ticipate iffy job prospects inmany fields.
A study of couples withfour-year college degrees high-lights the importance of themoney discussion. Accordingto the study by Robert Hilton-smith for the Demos thinktank, couples who completefour years of college and havethe average level of collegeloans can expect to lose about
$208,000 in wealth over a life-time because of their debt obli-gations. Graduates withoutdebt didn’t suffer such losses,even though their pay was low-er, on average.
You might be able to make adent in these repercussions ifyou can get a college to boost fi-nancial aid. If a student hasbeen offered grants and schol-arships at one school but not atthe student’s favorite college,call the director of financialaid. Explain that another col-lege is more affordable, and tellthe director you’d prefer his orher college instead if the costcould be shaved.
Colleges expect such calls.But if the plea doesn’t work,consider the effect of too muchborrowing.
A high level of debt inter-feres with your ability to getloans at the lowest interestrates. Lenders tend to chargepeople higher interest on theirpurchases if they have signifi-cant levels of debt. Higher in-terest payments end up mak-ing homes less affordable.
Also, higher monthly pay-ments on homes and cars leaveless money available to save forretirement.
Gail MarksJarvis,
Chicago Tribune
Deeper in debtThe total student debt carried by Americans has more thanquadrupled in the past 10 years.
’04 ’06 ’08 ’10 ’12’05 ’07 ’09 ’11 ’13 ’14
-$1,200
-$1000
-$800
-$600
-$400
-$200
0
Q1 2004: -$260 billion
Q4 2013: -$1.08 trillion
Total student loan balance, in billions of dollars:
SOURCE: Federal Reserve Bank of New York
Doug Stevens/Los Angeles Times; McClatchy-Tribune
Future debt should be part of college choice and could last a lifetimeSTUDENT LOANS
Philadelphia resident Ashley Newhall, 28,has a law degree and a master’s in agriculturallaw, and she passed the bar in Pennsylvaniaand New Jersey. These days, she’s workingwith some extremely demanding and exactingclients.
The hitch? Most of them are less than 3years old. Newhall’s primary income source forthe last few years has been baby-sitting.
Parents, said Newhall, are “blown away.They’re like, ‘Oh my gosh! You’re the most ove-reducated nanny I’ve ever had.’ ” But jobs arescarce, and all that education came with six-figure debt. Along with two other jobs, shesaid, “the nannying is keeping me afloat.”
Newhall may consider her stint in the nurs-ery a detour. But for busy parents, it’s a boon —and an unexpected flip side to a rough job mar-ket that has been especially cruel to youngworkers. Parents are enjoying a pool of highly
qualified and educated 20-something sitters —some with safety certifications and degrees inearly childhood education — often at the sameprice as the high-schooler down the street.
According a recent report by the Federal Re-serve Bank of New York, underemploymentamong college graduates has risen significantlysince 2001. Last year, 18.3 percent of young col-lege grads were underemployed.
“The labor market’s growing very slowly,and there’s been a number of graduating classessince the recession began, so the competition ispretty fierce,” said Mark Price, labor economistat the Keystone Research Center.
As of 2012, 52 percent of college grads under25 who were employed held jobs that didn’t re-quire four-year degrees, according to an analy-sis by a Northeastern University economist.
College graduates still fare far better thanthose with less education, Price said, “but their
circumstances as a group are worse today thanwhere their counterparts were a decade ago.”
It comes, though, at a convenient momentfor parents like Rachel Kerner and her hus-band, Jeff Cawthorne, of Melrose Park. That’sbecause the baby sitters they might depend onotherwise are often overscheduled and inacces-sible.
“The one kid who lives down the street, he’sin a play, he’s got karate. He doesn’t have a lot offree time. But the people who are underem-ployed and living with their parents, they’rereadily available,” Cawthorne said.
A number of those reluctant nannies are as-piring (or laid-off) teachers. In Pennsylvania,for example, steep cuts in education budgetsand layoffs beginning in 2011 “made for a verybleak labor market for instructors,” Price said.
Samantha Melamed,
The Philadelphia Inquirer
LABORMARKET
Holding babyand degree
Ron Tarver/The Philadelphia Inquirer
Nanny Alexis Huesgen tries to get 22-month-old Isaac Kerner to settle down for a nap at the family’s home in Melrose Park, Pa.Parents are enjoying a pool of highly qualified and educated 20-something sitters.
Nanny jobs offer income for strapped graduates
“The people who are underemployed and living with their parents, they’re readily available.”
Jeff Cawthorne
COLOR OF MONEY
MICHELLE SINGLETARYThe Washington Post
D4 05-04-2014 Set: 17:26:29Sent by: [email protected] Business CYANMAGENTAYELLOWBLACK
4D Sunday, May 4, 2014 dallasnews.com The Dallas Morning News
Entrepreneurs
A local expert provides fiverecommendations on a topicuseful to small business
owners. This week, marketingexpert Brian Tanis talked to staffwriter Hanah Cho about timing abusiness launch.
Tanis is vicepresident of mar-keting at Dallasstartup CarryOn, asite for crowd-sourced traveldeals. He has morethan 16 years of
experience in Internet marketingand product management, in-cluding relaunching AmericanAirlines’ AA.com website and form-ing the project management groupat Hotels.com.
Listen to your customers Define whom you plan to serve,
then find your audience to start adialogue. Get feedback from onlinesurveys such as Google Insights andtap into any of the affordable onlineusability tools. Finally, listen towhat people are saying around you.Remember, it is almost impossibleto ask people to validate an idea ifthey’ve never encountered it before.So spend your time validating thatthe problem you are trying to solveis actually a problem.
Don’t rush to launch Set your targets and be prepared
for a minimal level of traffic. Takesome time to make sure you canhandle basic customer servicerequests. And make sure your com-puter systems are optimized for thebest possible performance. Nobodylikes waiting for a page to load.
Don’t wait for perfectionDon’t get stuck in a never-end-
ing cycle of building the perfectsolution before going live. Thebusiness world is ever-changing,and perfection only lasts a day. Thesaying that applies here is “Don’t letperfect be an enemy of good.” Itreally is a difficult concept for mostof us in startup land. You’ll burnthrough too much cash if you con-tinue to fiddle and fail to moveforward.
Be ready to adjust As you prepare to launch, users’
tastes change and the competitioncontinues to improve. If youthought your idea was best sharedthrough an auction model, but yourcustomers think that is too compli-cated and confusing, get ready toadjust your execution. Being pre-pared for change upfront will helpyou shift more rapidly when thatinevitable need to adjust eventuallyarrives.
Measure results If you are counting on rapid
growth and viral sharing, makesure you can measure how oftenyour soon-to-be new membersshare with their friends. If you canonly count how many times thecash register rings but you can’tmeasure if your business model isworking, you are not ready for afull-blown launch. Analytics andreports that help you discover if youare hitting the mark will help youlearn and fuel your post-launchupdates, adjustments and newfeatures.
Questions or comments? Staffwriter Hanah Cho wants to hearyour ideas and suggestions aboutour small business coverage. Emailher at [email protected].
THE FIVE
How tolaunch acompany
HANAH [email protected]
When Shaun Moore and NezareChafni graduated from the CoxSchool of Business at SouthernMethodist University in 2010, thetwo friends had no idea what the fu-ture had in store for them.
Moore, 25, and Chafni, 26, alwaysdreamed of starting their own busi-ness but instead went a differentroute after graduation. Moore, a Chi-cago native, got a job at MerrillLynch, and Chafni moved back toMorocco, where at age 24 he becamethe youngest candidate for Parlia-ment.
But finance and politics couldn’tsatisfy their entrepreneurial spirits.Just two years later, the friends re-united and launched 214 Technolo-gies, in March 2013.
Moore and Chafni both agreedthat Dallas was a great place tolaunch their business, noting thatthe city is becoming a hub for start-ups.
“We decided to follow our dreamof becoming entrepreneurs, and be-cause of that, we got the freedom towork for ourselves and be creative,”said Moore.
Chafni is in charge of product de-velopment for 214 Technologies.Moore handles business develop-ment.
Through 214 Technologies, thetwo launched Chui, an “intelligent
doorbell” that uses facial recognitiontechnology to improve home security.
Facial recognition is used in a vari-ety of markets, including law enforce-ment. Some smartphones, such asthe Samsung Galaxy, use facial recog-nition so users can unlock theirphones. Facebook uses the technolo-gytosuggest tags for photos.
Chui, named after the Swahiliword for leopard, is a Wi-Fi-enableddevice that lets homeowners knowwhoisat their door.
Ringing the doorbell activates acamera that takes a picture of visitorsand sends it to the homeowner’s cell-phone with a time stamp, name andpicture. The photos Chui takes areadded to a Web application thathouses a database of visitors.
Ahomeowner can program a Chuiso that it plays personalized messagesfor certain visitors and allows them tocommunicate by two-way audio andone-way video. If the front door lockis connected to the Internet, Chui canunlock the door. The doorbell also hassecurity features that allow the user tomonitor the home and even call 911.
People People, a Swedish indus-trial design agency, designed the in-novative doorbell. The first couple ofbatches of the device will be manufac-tured in the U.S.; the Chui prototypeswere made in Dallas.
Right now Moore and Chafni areworking with a hardware engineerfrom Argenox Technologies LLC andare hiring an additional engineer.
In January, Moore and Chafni un-veiled Chui at the International Con-sumer Electronics Show in Las Ve-gas.
The two have raised moneythrough family and friends and start-ed a crowdfunding campaign that al-lows people to preorder the doorbell.The two initially hoped to raise$30,000 and reserve 150 doorbells inone month, but more than 250 Chuishave been reserved and they haveraised more than $50,000. The door-bell retails for $199.
“After we saw a lot of demand forthe product, we decided to extend thecampaign,” Chafni said.
Moore says Chui is now 160 per-cent funded.
The doorbells are expected to shipin the fall, and the team has filed two
utility patents and one provisionalpatent on the technology.
In addition to getting supportfrom the Dallas startup community,the two entrepreneurs are participat-ing in Boomtown, a 12-week startupaccelerator based in Boulder, Colo.They were one of six companies se-lected for the intensive program.
Through the accelerator, 214Technologies received $20,000 infunding and the opportunity to workwith mentors in their field.
“Participating in the acceleratorhas been an extremely helpful pro-cess,” Moore said. “We’ve been able toget more structure and prepare ourprototype to be market-ready.”
Follow Arselia Gales on Twitter at@ArseliaGales.
STARTUPS
214 Technologies
SMU graduates Nezare Chafni (left) and Shaun Moore co-founded 214 Technologies and launched Chui, an “intelligent doorbell” designed tomake homes smarter. The two have raised money through family and friends and a crowdfunding campaign.
Smart entry
Ringing the Chui doorbell activates a camera that takes a picture ofvisitors and sends it to the homeowner’s cellphone.
2 build technology firm on intelligent doorbellBy ARSELIA GALES
Staff [email protected]
the tenacity in the world,”says Michael McDevitt, CEOof Tandem Legal Group, alaw firm that advises compa-nies on strategy. “They hadmassive product demand butan inability to satisfy that de-mand.”
McDevitt helped Tesse-mae’s work through its prob-lems and became an investor.
One of Tessemae’s prob-lems was the firm it hired tocourt investors, CEO GregVetter says. The sales presen-tation the firm put together
NEW YORK — WhenTessemae’s salad dressingquickly became a hit, theowners of the family-runcondiment company werefaced with the reality thatthey needed help navigatingthe grocery business.
The company, based inAnnapolis, Md., got its startin 2009 selling dressing to alocal Whole Foods. By lastsummer, it got into thechain’s nearly 375 locations.In October, it reached Safe-way stores in Northern Cali-
fornia and was on its way to anational rollout of 1,100stores.
Success brought chal-lenges. A firm Tessemae’shired to help raise moneyfrom investors wasn’t up tothe task. The company hadcontracts to buy ingredientsthat were priced too high,and it didn’t have enoughcash to fund its growth. Itneeded help figuring it allout.
“They were going to suc-ceed, they had all the grit, all
exaggerated Tessemae’s salesprospects by tens of millionsof dollars. Investors didn’tbuy it, and Vetter wanted outof the contract.
Tessemae’s also wanted torenegotiate contracts withsuppliers that were priced forsmall quantities and didn’tgive discounts for larger pur-chases.
Tandem ended the con-tract with the fundraiser andrenegotiated supplier deals.
Meanwhile, Tessemae’sbank refused its request for a
$1 million credit line in-crease. The company neededthe money to fund its expan-sion into more Safewaystores.
McDevitt decided to in-vest in Tessemae’s and re-cruited other investors. Theygave the bank a guarantee soTessemae’s could get thecredit line increase. Tesse-mae’s got $4.5 million to fundits growth.
“We pointed them in theright way,” McDevitt says.
The Associated Press
Legal advice was just the ingredient small firm neededSTRATEGY
81… percent of Dallas-area entrepreneursexpect to hire more full-time workers in thenext six months, according to a recentsurvey by The Entrepreneurs Organization.
D5 05-04-2014 Set: 17:18:12Sent by: [email protected] Business CYANMAGENTAYELLOWBLACK
The Dallas Morning News dallasnews.com Sunday, May 4, 2014 5D
Personal Technology
Moving is on a lot of peo-ple’s to-do lists as the econo-my improves, jobs change,schools let out and older peo-ple look to downsize. Make ita little simpler with someplanning advice.
■ Lifehacker.com has a“start-to-finish guide formoving to a new place.” ByAdam Dachis, this post is fordo-it-yourselfers who want to— or must — take on the chal-lenge of moving without pro-fessional help. Unless you’rerelocating from a dorm room,it’s usually a really big job.
But Dachis breaks it downinto simple parts: prepara-tion, packing, labeling andmoving in. Along the way,there are myriad issues, suchas how to find cheap packingmaterial, how to knowwhether your stuff will fit inthe new place and how to talka few but not too manyfriends into helping. goo.gl/ZtcpRC.
■ Older people who needto move may face some over-whelming obstacles, includ-ing their reluctance to leave afamiliar home, the challengesof downsizing, physical limi-tations and expenses.
The advice site Manilla.com has a post by Tara Chila,who recommends severalsteps that should ease theway. Among them is to seekout movers experienced witholder customers. Chila sug-gests contacting the NationalAssociation of Senior MoveManagers at nasmm.org.Move managers can assistwith holding yard sales andmake referrals to experi-enced movers.goo.gl/61oMpJ.
■ “Never again!” That’swhat Adam Bluestein saysmany people promise them-selves after a move. But lifeisn’t necessarily going toagree. So what to do nexttime?
Bluestein’s post at RealSimple.com lays out guide-lines for deciding whetherthe job at hand is too muchfor you and a pal to handlewith a rental truck or if thework needs to go to a full-ser-vice mover. He answers a lotof questions. For example:How many boxes will it take?An expert here says count on100 cartons for a sparsely fur-nished three-bedroom home.goo.gl/oa7g4B.
■ The Moving Tips page atHowStuffWorks.com haslinks to dozens of articles. Alist of things you need to dotwo months before movingincludes getting movers’ esti-mates and making sure thattheir businesses are bondedand that you’ve checked themout with the Better BusinessBureau.
Sift your belongings forthe junk you don’t need: “Itcan be hard to let things go,though, so you may need togo through each closet orstorage space twice.” Underthe heading “Let’s HopeNothing Breaks: Do YouKnow How to Prepare forProfessional Movers?” youcan take a quick quiz to seehow move-savvy you are.goo.gl/lt9G8T.
For the Better BusinessBureau, go to bbb.org.
Reid Kanaley,
The Philadelphia Inquirer
Makemovingless of amisery
RELOCATING
Websites offer tips ongetting ahead of anoverwhelming task
I ’ve received emails over the yearsfrom worried parents asking mehow they can monitor the phone
use of their teenagers, especially inthis age of smartphones with theirmany different ways of communicat-ing.
Parents are worried about theirkids’ activities, and they want to beable to keep tabs on them, even if itmeans monitoring their smartphoneactivity.
I’ve been testing software calledmSpy that is completely invisible tothe phone user but enables the parent(or business owner) to keep tabs onalmost all phone communication,both incoming and outgoing.
I have to say, it’s unsettling to real-ize this type of surveillance is avail-able, and I’m fairly sure I’m nevergoing to need it.
But for the parents who see theirkids slipping into the wrong crowd, Ican see why they’d use a product likemSpy.
This disclaimer is on the front pageof the company’s website: “My Spy(mSpy) is designed for monitoringyour employees or underage childrenon a smartphone or mobile device thatyou own or have proper consent tomonitor. You are required to notifyusers of the device that they are beingmonitored.”
I would hope employers wouldnotify their employees if this softwareis installed on company-ownedphones.
My guess is some parents tell theirkids about the software and some donot.
The software and correspondingsubscription start at $39.99 permonth for basic service. There is nocontract, but you can prepay for up toa year to lower the cost. A year ofpremium service is $199.99. Seemspy.com for detailed pricing andfeatures.
What it isThis mobile monitoring software is
installed on the smartphone andmonitored through a website.
Once the software is on the phone,it’s completely invisible to the user.
The monitoring party (parent oremployer) logs into mSpy’s securewebsite and sees a dashboard view ofphone activities.
The software works on iPhones,Android phones, BlackBerrys andSymbian phones. It doesn’t work onWindows phones.
To install mSpy on an iPhone, itmust be jailbroken. This is a processwhere you break open the phone’soperating system for the purpose ofinstalling software not sanctioned byApple. Not every version of iOS can bejailbroken. Consult the mSpy websitefor specific version compatibility.
Monitoring featuresThe mSpy software monitors just
about everything.The feature set is pretty complete,
but not all features are available onevery phone platform. Android is amore open operating system, so itsupports call recording and keystrokelogging. The other phone operatingsystems don’t allow that type of mon-itoring.
Let’s start with phone calls. MSpy can show a log of all in-
coming and outgoing phone calls,with phone numbers, call durationand names if the number is in thephone’s address book.
Incoming calls from specific num-bers can be blocked.
If mSpy is installed on an Androidphone, the voice calls can be recorded.
Text messages are logged showingthe message content, associatedphone number and date/time stamp.
Emails, both incoming and out-going, are logged with date/time andnames if they’re in the phone’s addressbook.
MSpy uses GPS to track the loca-tion of the phone and to show a trail ofwhere the phone has traveled within aspecified time. The system can alsotrack the phone when GPS is notavailable.
The mSpy software can also mon-itor Internet use, showing a completebrowsing history with URL, date/timevisited and number of times each sitewas visited.
You can see a list of bookmarks onthe phone’s browser, and you canblock specific websites or block accessto specific websites during certaintimes of day.
Calendar appointments and thephones contact list are also viewable.
Apps installed on the phone arelisted in the mSpy control panel. In-dividual apps can be blocked fromrunning.
What else?Skype chats are readable, and
Skype calls are logged but not record-ed.
Chats from WhatsApp and iMes-sage are readable and logged.
Chats from Facebook can be mon-itored on an Android phone.
The mSpy control panel also showsthe phone’s photo albums and savedvideos.
Photos and videos taken with thephone or downloaded and saved to thephone’s storage are viewable, includ-ing time and date information.
The mSpy software allows theowner to remotely wipe or lock the
phone as well as monitor the batterylevel and type of network used (WiFior cellular).
Finally, for the areas of the phonewhere monitoring might not be avail-able, there’s a keylogger for Androidphones only.
Keylogging is aptly named — itrecords every keystroke made by theuser, and the data is dumped into filesthat the owner can read through thecontrol panel.
This is scary stuff from a personalprivacy perspective, but I suppose ifyour son or daughter is trying to keepthings from you, it’s a good way to findout.
ConclusionI’m torn about mSpy.The software is easy to use, and it
does its job well. I could not find anyevidence of the software on the iPhone5S I tested. The dashboard was easy tonavigate and very nicely designed.
I’m glad this software exists for theparents or business owners who be-lieve they need to monitor their chil-dren or employees.
I’m also a bit sad that software likethis exists, for obvious reasons.
Follow Jim Rossman on Twitter at@jimrossman.
TECHREVIEW
Smartphone spying
File 2012/The Associated PressMSpy software is available for most phones, including the iPhone and Samsung Galaxy.
By JIM ROSSMANStaff Writer
W e’ve all heard about “thecloud.” But I’m willing to betsome people don’t know
exactly what the cloud can do.From time to time, I like to explain a
technical term for those who are curi-ous and might not want to admit they’renot sure what it means.
The cloud is a means of storing filesor providing services over the Internetinstead of on your local computer.
Email was probably most users’ firstinteraction with the cloud.
The email server is in a data centersomewhere on the Internet, and usersretrieve their mail messages by makinga request to the mail server.
Depending on how the email ac-count was configured, messages are
either stored on the server or download-ed to the user’s computer and removedfrom the server.
Today the cloud has expanded toinclude more services.
Users can keep their files in the cloudto hedge against local hard drive failure.Services like Dropbox, Evernote andGoogle Drive exist to let users keep theirfiles securely in the cloud.
Of course, Apple and Microsoft havejumped into the cloud market withiCloud and SkyDrive.
People who are worried about thesafety of their digital pictures can store acopy of their photos on the cloud serversof photo-centric services such as Flickror PhotoBucket.
Music services like Apple’s iTunesMatch or Amazon’s Cloud Music exist sousers can keep a copy of their music filesin the cloud.
Finally, fast Internet connectionsmake it possible to back up your entirecomputer to services such as Crashplan,Mozy or Carbonite.
Many of these services offer a freeaccount with a small amount of storage,and users can purchase more space for a
monthly fee.Some people are nervous about
storing their personal data on the Inter-net, where it could fall prey to hackers. Iused to tell people that secure Internetconnections kept that kind of thing fromhappening, but with the recent Heart-Bleed vulnerability, all bets are off.
Ican tell you I still use Dropbox andGoogle Drive and iCloud and Crashplan.
In future columns and reviews, I’mgoing to take a look at some of the cloudservices I listed above.
If you’d like me to review a specificcloud service or have a question, pleasesend an email.
Follow Jim Rossman on Twitter at@jimrossman.
Clouds store your files for easy access and as a backupTECH ADVISER
Subscription softwarelets parents trackactivity, messages
The service shows a phone’s cur-rent location and location history.
Text messages are logged showing the message content, associatedphone number and date/time stamp.
D6 05-04-2014 Set: 20:33:42Sent by: [email protected] Business CYANMAGENTAYELLOWBLACK
6D Sunday, May 4, 2014 dallasnews.com The Dallas Morning News
Your PortfolioWe’ve made changes with one goal in mind: to provide a more dynamic Business report for North Texans. Let us know what you think.
Reader feedback: 214-977-7970
Mutual funds
BALANCED
Emerging Mkts 284.50 +3.80 +1.4% +1.1% 294.67 248.73 -1.84Gold 266.41 +.53 +.2% +15.8% 304.75 221.37 -10.61International 1601.45 +22.11 +1.4% +1.8% 1600.82 1303.45 +13.82Science/Technology 1318.01 +13.90 +1.1% -1.2% 1424.03 1027.18 +25.39Largecapgrowth 5812.96 +69.25 +1.2% -1.5% 6148.36 4689.34 +19.91Largecapvalue 18718.56 +168.94 +.9% +2.8% 18789.39 15348.92 +19.72Smallcapgrowth 1084.99 +7.38 +.7% -5.7% 1198.11 887.50 +18.98Smallcapvalue 1450.26 +3.95 +.3% +.4% 1495.11 1154.86 +21.86
Friday 1-wk 1-wk YTD 52-wk 52-wk 52-wk close chg ret ret high low ret
Percent Assets Performance Ticker load (millions) YTD 1-yr 5-yr
American Funds IncAmerA m AMECX 5.75 69,594 +4.2 +12.6 +15.8American Funds CapIncBuA m CAIBX 5.75 67,261 +4.0 +9.4 +13.2Vanguard WelltnAdm VWENX NL 56,348 +3.5 +13.2 +14.7FrankTemp-Franklin IncomeA m FKINX 4.25 53,255 +6.3 +13.0 +15.9American Funds BalA m ABALX 5.75 43,553 +1.9 +13.6 +15.1
LIPPER FUND INDEXES
LARGEST FUNDS BY SECTOR
EMERGING MARKETS
Oppenheimer DevMktY ODVYX NL 19,848 -.5 +6.4 +16.1DFA EmMktValI DFEVX NL 18,690 +.7 -2.9 +11.4DFA EmMkCrEqI DFCEX NL 14,203 +1.9 -1.0 +12.9American Funds NwWrldA m NEWFX 5.75 13,369 +1.4 +7.4 +13.6Oppenheimer DevMktA m ODMAX 5.75 12,825 -.6 +6.0 +15.8
PRECIOUS METALS
Vanguard PrecMtls VGPMX NL 2,541 +6.6 -8.6 -.3Tocqueville Gold m TGLDX NL 1,373 +21.1 -7.1 +4.2Fidelity Select Gold d FSAGX NL 1,175 +18.6 -11.7 -4.4Oppenheimer GdSpcMnrA m OPGSX 5.75 814 +10.5 -8.9 -.8USAA PrcMtlMin USAGX NL 751 +17.6 -11.4 -2.8
HEALTH AND BIOTECHNOLOGY
Vanguard HltCrAdml VGHAX NL 26,038 +7.1 +29.8 +22.3Vanguard HlthCare VGHCX NL 10,307 +7.1 +29.7 +22.3T Rowe Price HealthSci PRHSX NL 9,298 +2.8 +31.8 +29.1Fidelity Select Biotech d FBIOX NL 8,129 -1.2 +28.1 +28.9Fidelity Select HealtCar d FSPHX NL 5,607 +5.9 +39.6 +27.2
INTERNATIONAL
Dodge & Cox IntlStk DODFX NL 57,324 +4.5 +22.0 +16.9American Funds CpWldGrIA m CWGIX 5.75 56,117 +3.1 +17.0 +15.4Vanguard TotIntl VGTSX NL 48,740 +2.3 +10.9 +12.7Harbor IntlInstl HAINX NL 43,125 +3.2 +14.7 +15.7American Funds NewPerspA m ANWPX 5.75 36,801 -.1 +16.1 +16.5
LARGE-CAP GROWTH
Fidelity Contra FCNTX NL 73,401 -1.2 +19.0 +18.5American Funds GrthAmA m AGTHX 5.75 70,600 +.2 +21.1 +17.0T Rowe Price GrowStk PRGFX NL 36,418 -3.0 +23.1 +19.4Fidelity ContraK FCNKX NL 32,914 -1.1 +19.1 +18.6Vanguard PrmcpAdml VPMAX NL 27,109 +3.3 +23.4 +19.3
LARGE-CAP VALUE
Dodge & Cox Stock DODGX NL 55,646 +1.9 +25.9 +20.4American Funds WAMutInvA m AWSHX 5.75 50,390 +2.6 +20.0 +18.5Vanguard WndsIIAdm VWNAX NL 30,464 +3.4 +20.1 +18.9T Rowe Price EqtyInc PRFDX NL 27,209 +2.1 +17.6 +18.2American Funds MutualA m AMRMX 5.75 20,892 +2.3 +15.6 +17.0
MID-CAP GROWTH
T Rowe Price MidCpGr RPMGX NL 22,317 +1.6 +24.8 +21.3Columbia AcornZ ACRNX NL 13,745 -2.3 +17.2 +19.4Fidelity MidCap d FMCSX NL 5,966 +2.5 +24.9 +22.5Artisan MidCap ARTMX NL 5,851 -3.8 +18.3 +21.2PRIMECAP Odyssey AggGr POAGX NL 5,460 -.5 +31.4 +26.0
MID-CAP VALUE
T Rowe Price MidCapVa TRMCX NL 10,668 +4.5 +22.7 +19.8Artisan MdCpVal ARTQX NL 10,346 +.5 +18.0 +18.8Vanguard SelValu VASVX NL 8,902 +1.8 +26.8 +21.8JPMorgan MidCpValI FLMVX NL 8,074 +3.4 +21.0 +21.9Fidelity Value FDVLX NL 7,679 +4.0 +25.3 +22.1
SCIENCE AND TECHNOLOGY
Waddell & Reed Adv SciTechA m UNSCX 5.75 3,600 -3.4 +31.0 +21.4Fidelity Select SoftwCom d FSCSX NL 3,472 -3.4 +31.0 +24.5T Rowe Price SciTech PRSCX NL 3,024 -2.2 +28.8 +18.4Columbia ComInfoA m SLMCX 5.75 2,419 +4.2 +22.3 +14.4Fidelity Select Tech d FSPTX NL 2,229 -1.1 +25.0 +21.2
SMALL-CAP GROWTH
T Rowe Price NewHoriz PRNHX NL 16,183 -3.6 +26.1 +26.2T Rowe Price SmCpStk OTCFX NL 9,915 -1.3 +22.3 +23.0Vanguard ExplAdml VEXRX NL 7,360 -2.5 +25.0 +21.5Vanguard Explr VEXPX NL 5,049 -2.5 +24.8 +21.3Vanguard SmCpGrIdxAdm VSGAX NL 5,036 -1.8 +21.8 NA
SMALL-CAP VALUE
DFA USSmValI DFSVX NL 10,804 -.5 +26.8 +23.0DFA USTgtValInst DFFVX NL 4,876 +.7 +28.6 +22.5Vanguard SmCpValIdxAdm VSIAX NL 4,739 +2.6 +24.6 NAAmerican Beacon SmCapInst AVFIX NL 3,716 -.4 +26.0 +21.4AllianzGI NFJSmCVIs PSVIX NL 3,616 +1.9 +21.7 +19.6
Exchange-traded funds Most actively traded this week
Market Week How Wall Street fared this week
The outlook for the once debt-laden consumer has improved dramatically as households have lopped off $1 trillion in debt built up during the 2003-2007 credit bubble. A healthy consumer is critical to the continuation of this aging bull market. That’s because consumer spending accounts for two-thirds of the nation’s economic activity.
COMING MONDAY
An interesting trend is developing in the gold market. Small investors are increasingly buying gold bullion coins, even as large investors are jettisoning their gold holdings.
DOW
for the week
NASDAQ
for the week
OIL NAT. GAS GOLD SILVER DOLLAR 10-YR 30-YRCBOE VIX
for the week
S&P 500
Close ........16512.89Wk chg .......+151.431-mo chg .......+.61%YTD chg ..........-.38%1-yr chg .....+10.28%
Close ..........4123.90Wk chg .........+48.341-mo chg ........-.09%YTD chg ........-1.26%1-yr chg .....+22.06%
WILL DEENER’S PERSPECTIVE
u
for the week
Close .............. 12.91Wk chg ............-1.151-mo chg ......-7.52%YTD chg ........-5.90%1-yr chg ......... +.47%
for the week
Close ..............99.76Wk chg ..............-.841-mo chg ......-1.36%YTD chg .......+1.36%1-yr chg .......+4.34%
for the week
Close ................ 4.67Wk chg ............. +.031-mo chg .....+5.29%YTD chg .....+10.50%1-yr chg .....+15.66%
for the week
Close ..........1302.60Wk chg ...........+1.901-mo chg ........-.05%YTD chg .......+8.38%1-yr chg ..... -11.04%
for the week
Close ..............19.49Wk chg ..............-.191-mo chg ......-2.18%YTD chg .........+.79%1-yr chg ..... -18.70%
for the week
Close ...............7209Wk chg ......... -.00181-mo chg ........-1.22YTD chg ............-.881-yr chg ..........-5.86
for the week
Close ................ 2.59Wk chg ..............-.071-mo chg ......-4.78%YTD chg ..... -14.52%1-yr chg .....+48.85%
MARKET INDEXES COMMODITIES CURRENCY AND BONDS
for the week
Close ................ 3.37Wk chg ..............-.071-mo chg ......-5.87%YTD chg ..... -14.47%1-yr chg .....+14.24%
u u d d u u d d d d
Corporate bonds
Apple Inc AAPL4001810 3.850 5/4/43 Aa1/AA+/ 95.00 91.11 92.50 2.490 4.306Bank Amer Corp BAC4113180 4.000 4/1/24 Baa2/A-/A 103.14 100.62 103.14 1.007 3.619Petrobras Global PBR4106372 6.250 3/17/24 Baa1/BBB-/BBB 108.48 104.94 106.00 1.060 5.454Citigroup C4114236 2.550 4/8/19 N/A/A-/A 101.90 99.85 100.17 0.238 2.513Verizon VZ4050437 5.150 9/15/23 Baa1/BBB+/A- 113.27 110.35 111.00 1.016 3.745Apple AAPL4001806 1.000 5/3/18 Aa1/AA+/ 97.99 97.39 97.76 0.247 1.583Morgan Stanley MS.GIM 6.000 4/28/15 Baa2/A-/A 105.37 104.63 104.63 1.627 1.211Verizon VZ4050439 6.550 9/15/43 Baa1/BBB+/A- 125.83 123.65 125.37 1.585 4.909Petrobras Intl Fin PBR3688584 6.750 1/27/41 Baa1/BBB-/BBB 105.95 101.50 102.84 0.993 6.523Morgan Stanley MS.HKU 5.625 9/23/19 Baa2/A-/A 115.60 113.39 114.35 0.511 2.736
TX Comp Electric TXU.LI 10.250 11/1/15 WR/D/C 8.52 7.38 8.00 1.800 First Data KKR4105360 11.750 8/15/21 Caa2/CCC+/CCC 107.68 106.78 107.49 1.989 9.822TX Comp Electric TXU.LJ 10.250 11/1/15 WR/D/C 9.05 7.00 8.38 4.025 Caesars Entmt Op MLET3940243 8.500 2/15/20 Caa1/CCC-/CCC 88.75 85.38 86.38 0.688 11.815Clear Channel CCMO4094541 12.000 2/1/21 Ca/CCC-/CC 104.93 102.63 104.93 1.175 Biomet BMET4024073 6.500 8/1/20 B3/B-/ 109.63 109.63 109.63 0.000 2.444Energy Future TEFH3684622 10.000 12/1/20 WR/CCC/CCC 106.38 106.00 106.00 -0.375 Caesars Op COEA4035601 9.000 2/15/20 Caa1/CCC-/CCC 88.00 87.25 87.25 0.750 12.127Barclays Bk BCS3930817 7.625 11/21/22 NR/BB+/BBB- 114.36 112.00 113.70 0.950 5.585TX Comp Electric TXU3815281 15.000 4/1/21 WR/D/C 28.50 27.50 28.50 4.000
Issuer Symbol Coupon Maturity Rating High Low Last Chg Yld%Moody’s/S&P/Fitch
FINRA INVESTMENT GRADE: MOST ACTIVE
FINRA HIGH YIELD: MOST ACTIVE
Return TrackerHow your investments stack up
Issuer Symbol Coupon Maturity Rating High Low Last Chg Yld%Moody’s/S&P/Fitch
Winners & LosersThe week’s best and worst stocks
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
AstraZeneca PLC AZN 81.02 +12.36 +18.0 +25.8 +63.0Level 3 Commun LVLT 43.00 +6.37 +17.4 +11.7 +105.3Incyte Corp INCY 51.61 +6.20 +13.7 +2.2 +140.4MGM Resorts Intl MGM 26.49 +2.83 +12.0 +4.2 +82.1Sprint Corp S 8.70 +.88 +11.3 -6.0 +22.5
Susser Holdings Inc SUSS 78.72 +21.69 +38.0 +25.3 +42.9Furiex Pharma FURX 103.20 +23.05 +28.8 +16.5 +219.1Westport Innovations WPRT 16.07 +3.13 +24.2 +14.5 -45.8Pepco Holdings Inc POM 26.98 +5.13 +23.5 +31.4 +24.4Amkor Technology Inc AMKR 8.48 +1.32 +18.4 +19.3 +99.5
Merrimack Pharm MACK 6.43 +1.96 +43.8 +32.6 +39.2Avanir Pharm AVNR 4.63 +1.33 +40.3 +33.8 +49.8Adamas Pharma ADMS 20.01 +4.32 +27.5 +42.8 -999.022nd Century Grp XXII 2.80 +.60 +27.3 -15.4 +351.6Winthrop Rlty Tr FUR 14.54 +3.11 +27.2 +27.1 +23.8
Coach Inc COH 43.88 -5.94 -11.9 -11.5 -22.3Waters Corp WAT 99.90 -8.80 -8.1 -10.0 +7.9CIT Group CIT 43.26 -3.11 -6.7 -11.8 +2.4LinkedIn Corp LNKD 147.73 -10.44 -6.6 -10.9 -26.8Newmont Mining NEM 24.72 -1.73 -6.5 +2.5 -21.4
Gogo Inc GOGO 13.42 -4.83 -26.5 -33.8 -999.0Isis Phrm ISIS 25.87 -6.87 -21.0 -31.4 +15.5Auxilium Pharmaceu AUXL 21.48 -5.40 -20.1 -19.0 +46.5Power Integrations POWI 49.06 -12.38 -20.1 -22.3 +17.6VistaPrint NV VPRT 39.22 -8.78 -18.3 -22.6 -4.3
LARGE-CAP
MID-CAP
SMALL-CAP
LARGE-CAP
MID-CAP
BEST PERFORMERS
WORST PERFORMERS
Fri 1-wk 1-wk 1-mo 1-yr Ticker close chg %chg %chg rtn
Endocyte Inc ECYT 6.62 -11.32 -63.1 -69.6 -51.8Protena Corp PRTA 21.44 -17.14 -44.4 -27.6 +158.3Athersys Inc ATHX 1.63 -1.10 -40.3 -48.1 -19.7Natural Grocers NGVC 23.15 -13.07 -36.1 -43.3 -8.0Emulex Corp ELX 4.68 -2.59 -35.6 -36.2 -21.2
SMALL-CAP
FOOTNOTES: e – Excluding capital gains distribution; n – No front-end load or contingent deferred sales load; p – Fund assets are used to pay for costs under a 12(b)1 plan; r – Redemption fee or contingent deferred sales load may apply; s–Stock dividend orsplit; t – Both p and r apply; x – Excluding cash dividend. Corporate bonds are most actively traded for the week.
AlpAlerMLP AMLP 18.27 +.31 +1.7 +2.7BarVixMdT VXZ 14.68 -.22 -1.5 -6.6B iPVix rs VXX 40.00 -1.83 -4.4 -6.0CSVInvNG DGAZ 2.86 -.09 -3.1 -67.6CSVelIVST XIV 32.91 +1.40 +4.4 -4.3CSVxSht rs TVIX 6.05 -.51 -7.8 -19.3DirSPBr rs SPXS 29.94 -.88 -2.9 -9.9DxGldBll rs NUGT 37.28 -.78 -2.0 +36.0DrxFnBear FAZ 20.04 -.61 -3.0 -6.8DxEMBear EDZ 37.39 -2.27 -5.7 -6.1DrxSCBear TZA 17.10 -.23 -1.3 +.8DirGMBear JDST 22.52 +1.16 +5.4 -64.9DirGMnBull JNUG 19.42 -1.70 -8.0 +24.5DxRssaBull RUSL 12.60 +.85 +7.2 -59.4DrxEMBull EDC 27.07 +1.45 +5.7 -5.7DrxFnBull FAS 90.27 +2.55 +2.9 ...DirDGdBr s DUST 22.83 +.19 +.8 -48.2DrxSCBull TNA 68.99 +.81 +1.2 -10.9DrxSPBull SPXL 66.87 +1.87 +2.9 +4.8FT EmMkt FEM 24.05 +.39 +1.6 -3.1FTDJInet FDN 55.35 +.75 +1.4 -7.5FT RNG FCG 22.31 +.04 +.2 +14.4FT REIT FRI 19.94 +.35 +1.8 +13.7GbX Uran rs URA 15.35 -.76 -4.7 +.5GugSPEW RSP 73.25 +.67 +.9 +2.8GugBullt17 BSCH 22.87 +.01 +.1 +.9iShGold IAU 12.58 -.04 -.3 +7.7iShGSCI GSG 33.25 -.21 -.6 +3.3iSAstla EWA 26.27 -.20 -.8 +7.8iShBrazil EWZ 48.48 +1.77 +3.8 +8.5iShCanada EWC 30.63 +.67 +2.2 +5.0iShEMU EZU 42.89 +.60 +1.4 +3.6iShGerm EWG 31.46 +.53 +1.7 -.9iSh HK EWH 20.51 +.14 +.7 -.4
iShItaly EWI 17.96 +.24 +1.4 +15.2iShJapan EWJ 11.20 +.18 +1.6 -7.7iSh SKor EWY 62.69 +.31 +.5 -3.1iSMalasia EWM 15.84 +.23 +1.5 +.1iShMexico EWW 64.57 +1.49 +2.4 -5.0iShSing EWS 13.59 +.22 +1.6 +3.2iSPacxJpn EPP 49.21 -.02 ... +5.3iShSoAfr EZA 67.78 +1.44 +2.2 +5.1iShSpain EWP 41.96 +.64 +1.5 +8.8iSTaiwn EWT 14.77 +.36 +2.5 +2.4iSh UK EWU 21.60 +.52 +2.5 +3.4iShSilver SLV 18.69 -.25 -1.3 -.1iShS&P100 OEF 83.50 +.80 +1.0 +1.4iShSelDiv DVY 74.20 +.01 ... +4.0
iShTIPS TIP 114.03 +.48 +.4 +3.8iShChinaLC FXI 35.00 +.30 +.9 -8.8iSCorSP500 IVV 189.26 +1.81 +1.0 +1.9iShCorTBd AGG 108.68 +.29 +.3 +2.1iShEMkts EEM 41.61 +.79 +1.9 -.4iShACWX ACWX 47.38 +.63 +1.3 +1.5iShiBoxIG LQD 118.55 +.61 +.5 +3.8iSh ACWI ACWI 58.77 +.68 +1.2 +2.0iShEMBd EMB 111.99 +.44 +.4 +3.5iSSP500Gr IVW 100.03 +1.19 +1.2 +1.3iShLatAm ILF 38.67 +1.09 +2.9 +4.4iSSP500Val IVE 87.62 +.53 +.6 +2.5iSh20 yrT TLT 112.71 +1.38 +1.2 +10.7iSh7-10yTB IEF 102.56 +.46 +.5 +3.3
iShIntSelDv IDV 39.90 +.68 +1.7 +5.2iSh1-3yTB SHY 84.49 +.02 ... +.1iS Eafe EFA 68.40 +1.00 +1.5 +1.9iSCorSPMid IJH 135.89 +1.48 +1.1 +1.6iShiBxHYB HYG 94.04 -.20 -.2 +1.2iShMtgRE REM 12.44 +.04 +.3 +8.0iShNsdqBio IBB 229.05 +5.09 +2.3 +.9iShMBS MBB 107.20 +.43 +.4 +2.5iSR1KVal IWD 97.21 +.76 +.8 +3.2iSR1KGr IWF 86.65 +1.08 +1.3 +.8iSRus1K IWB 105.17 +.98 +.9 +1.9iSR2KVal IWN 98.24 ... ... -1.3iSR2KGr IWO 129.47 +1.05 +.8 -4.5iShR2K IWM 112.03 +.42 +.4 -2.9iShUSPfd PFF 39.45 +.21 +.5 +7.1iShREst IYR 70.23 +1.22 +1.8 +11.3iShHmCnst ITB 23.95 +.59 +2.5 -3.5iShUSEngy IYE 53.50 +.37 +.7 +6.0iShCrSPSm IJR 107.12 +.41 +.4 -1.8iShEurope IEV 49.54 +.90 +1.9 +4.4iShCorEM IEMG 49.78 +.71 +1.4 -.1JPMAlerian AMJ 48.94 +1.19 +2.5 +5.6MVJrGld rs GDXJ 36.62 -.82 -2.2 +17.9MktVGold GDX 24.32 -.14 -.6 +15.1MV OilSvc OIH 52.06 -.22 -.4 +8.3MV Semi SMH 44.41 ... ... +4.7MktVRus RSX 22.29 +.55 +2.5 -22.8PimShMat MINT 101.40 +.01 ... +.1PwshDB DBC 26.28 -.29 -1.1 +2.4PS Agri DBA 28.94 -.17 -.6 +19.3PS SrLoan BKLN 24.78 +.13 +.5 -.4PS SP LwV SPLV 34.39 +.23 +.7 +3.7PwShPfd PGX 14.47 +.17 +1.2 +7.7PShEMSov PCY 28.33 +.33 +1.2 +4.9
PwShs QQQ QQQ 87.49 +1.30 +1.5 -.5ProShtQQQ PSQ 18.01 -.29 -1.6 -1.3ProShtS&P SH 24.48 -.24 -1.0 -3.0ProUltQQQ QLD 98.62 +2.91 +3.0 -1.0ProUltSP SSO 106.22 +1.92 +1.8 +3.6ProUShD30 SDOW 28.46 -.78 -2.7 -3.5Pro7-10yrT UST 52.82 +.72 +1.4 +6.4PrUltBio s BIB 74.04 +3.16 +4.5 -1.6ProShtR2K RWM 17.11 -.07 -.4 +1.4PrUPQQQ s TQQQ 60.44 +2.68 +4.6 -2.6ProUltR2K UWM 79.60 +.50 +.6 -6.5ProSht20Tr TBF 29.20 -.47 -1.6 -11.2PUltSP500 s UPRO 101.02 +2.85 +2.9 +4.9PUVixST rs UVXY 53.46 -4.90 -8.4 -20.4PrVixSTF rs VIXY 26.68 -1.19 -4.3 -6.5PrShtVix s SVXY 64.65 +2.82 +4.6 -4.2PrUltCrude UCO 34.05 -.68 -2.0 +5.7PrUShCrde SCO 28.69 +.54 +1.9 -9.2ProUShSP SDS 27.90 -.55 -1.9 -5.9PrUShDow DXD 26.89 -.48 -1.8 -1.9PUShQQQ rs QID 58.19 -1.84 -3.1 -3.0ProUShL20 TBT 62.44 -1.93 -3.0 -21.2PUSR2K rs TWM 49.02 -.36 -.7 +1.9PShtR2K rs SRTY 43.57 -.47 -1.1 +1.3ProUShBio BIS 18.23 -.90 -4.7 -11.7PShtQQQ rs SQQQ 54.24 -2.54 -4.5 -5.5PUShSPX rs SPXU 54.71 -1.58 -2.8 -9.2SpdrDJIA DIA 164.75 +1.40 +.9 -.4SpdrGold GLD 125.06 -.37 -.3 +7.7SpdrEuro50 FEZ 43.45 +.66 +1.5 +3.0SP Mid MDY 247.53 +2.37 +1.0 +1.4S&P500ETF SPY 188.06 +1.77 +1.0 +1.8SpdrBiot XBI 127.95 +3.58 +2.9 -1.7SpdrHome XHB 31.76 +.75 +2.4 -4.6
SpdrS&PBk KBE 32.08 -.12 -.4 -3.3SpdrBarcCv CWB 48.55 +.47 +1.0 +3.9SpdrShTHiY SJNK 30.82 -.12 -.4 -.1SpdrLehHY JNK 41.22 -.05 -.1 +1.6SpdrSTCpBd SCPB 30.75 -.02 -.1 +.2SpdrS&P RB KRE 38.55 -.23 -.6 -5.1SpdrRetl XRT 83.98 +1.71 +2.1 -4.7SpdrOGEx XOP 77.28 +.76 +1.0 +12.8SpdrMetM XME 42.43 +.67 +1.6 +.8SP Matls XLB 47.55 +.39 +.8 +2.9SP HlthC XLV 57.75 +.36 +.6 +4.2SP CnSt XLP 44.20 +.41 +.9 +2.8SP Consum XLY 64.25 +.81 +1.3 -3.9SP Engy XLE 93.72 +.49 +.5 +5.9SPDR Fncl XLF 21.99 +.14 +.6 +.6SP Inds XLI 52.82 +.31 +.6 +1.1SP Tech XLK 36.39 +.64 +1.8 +1.8SP Util XLU 42.50 -.61 -1.4 +11.9US NGas UNG 25.99 +.17 +.7 +25.6US OilFd USO 36.29 -.31 -.8 +2.7VangSTBd BSV 80.16 +.01 ... +.3VangTotBd BND 81.76 +.24 +.3 +2.1VangGrth VUG 93.92 +1.50 +1.6 +.9VangTSM VTI 97.48 +.93 +1.0 +1.6VangValu VTV 78.47 +.49 +.6 +2.7VanSP500 rs VOO 172.32 +1.61 +.9 +1.9VangREIT VNQ 73.23 +1.16 +1.6 +13.4VangDivAp VIG 75.80 +.49 +.7 +.7VangAllW VEU 51.17 +.75 +1.5 +.9VangEmg VWO 41.24 +.78 +1.9 +.2VangEur VGK 60.43 +1.04 +1.8 +2.8VangFTSE VEA 42.00 +.60 +1.4 +.8WTJpHedg DXJ 46.38 +.33 +.7 -8.8WT India EPI 19.20 +.19 +1.0 +10.1
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+.95%
+.93% +1.19% -8.18% -.83% +.58% +.15% -.98% -.25% -2.63% -2.03%
SPDR SECTOR FUNDS
Technology ST 175 +1.2 -5.1 -.6 -.0 +26.0 +8.4 +17.6Industrials ID 26 +.7 -1.3 +4.9 +2.3 +31.1 +12.6 +21.8Utilities SU 59 +.1 +2.2 +8.4 +9.6 +12.4 +11.9 +16.0Consumercyclicle CD 25 +1.4 -2.6 +4.0 -1.9 +17.7 +15.5 +22.5ConsumerDefensive SP 20 +.9 +1.2 +8.4 +2.1 +12.4 +12.9 +18.7Naturalresources SN 134 +.0 +2.1 +10.6 +6.0 +16.4 -1.0 +12.0Health SH 106 +1.4 -4.6 -2.1 +2.7 +27.3 +19.5 +22.7Financial SF 75 +.8 -2.7 +3.5 -.3 +18.2 +10.9 +15.7Equityenergy EE 82 +.8 +3.4 +13.1 +8.4 +23.8 +1.8 +12.7
Obj of Funds 1-wk 4-wk 13-wk YTD 1-yr 3-yr 5-yr No. % rtn
MayAprilMarchFeb.Jan.Dec.Nov.
1,650
1,700
1,750
1,800
1,850
1,900
1-weekpercentchange$1,000 invested at the end of last year ...
... today is worth
Industry performance is based on the 10 sectors in the Standard & Poor’s 500 index. International stock performance is based on MSCI indexes. Bond returns are based on Barclays Capital and Bank of America Merrill Lynch indexes.
-2.1%
-2.7%
-1.4%
-0.1%
0.4%
0.7%
0.2%
1.6%
1.7%
1.0%
-0.7%
1.0%
0.5%
-1.9%
Coffee stumbled last week but remains far ahead of the rest of the pack. Technology stocks climbed closer to the middle of the group after its second winning week in the last six.
Stocks Bonds Commodities
$1,831
1,182
1,117
1,081
1,045
1,041
1,037
1,029
1,018
1,018
1,015
1,001
970
903Copper
Small-cap stocks
Emerging-market stocks
Crude oil
S&P 500
Technology stocks
European stocks
High-yield bonds
Health care stocks
Investment-grade bonds
Gold
Utility stocks
Corn
Coffee
Staff GraphicSOURCES: FactSet; The Associated Press
$0 $500 $1,000 $1,500
Close .......... 1881.14Wk chg ......... +17.741-mo chg ........+.86%YTD chg ....... +1.77%1-yr chg ..... +16.52%
