Finance

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    WSJ.com: US Business

  • Hedge-Fund Giant Surfaces in Trading Probe

    7 Nov 2009 | 1:10 am
    The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.

  • Blackstone, Fortress Benefit From Market Gains

    6 Nov 2009 | 9:05 pm
    Both Blackstone and Fortress posted third-quarter earnings that showed how the sharp market rally has improved the fortunes of private equity and hedge funds.

  • State Street Adds to Reserves

    6 Nov 2009 | 9:05 pm
    State Street added $250 million to its legal reserve to address legal exposure related to losses by investors in some strategies managed by State Street Global Advisors.

  • More Profit For AIG, But Challenge Too

    6 Nov 2009 | 9:05 pm
    AIG posted its second profitable quarter in a row, but weak results at its main insurance businesses underscored the scale of the challenges the giant insurer still faces.

  • California May Limit Placement Agents

    6 Nov 2009 | 9:05 pm
    California's state controller and treasurer are drafting legislation that could curb pay for financial middlemen, whose fees have sparked an internal investigation at giant public pension fund Calpers.
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    WSJ.com: Markets

  • Hedge-Fund Giant Surfaces in Trading Probe

    7 Nov 2009 | 1:10 am
    The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.

  • Gold Tops $1,100, Then Pares Gain

    6 Nov 2009 | 9:05 pm
    Gold futures briefly hit the $1,100-an-ounce level before trimming gains to settle at $1,095.10 in choppy trading.

  • Euro Drops on Disappointing U.S. Data

    6 Nov 2009 | 9:05 pm
    The euro declined against the dollar Friday as U.S. stocks fluctuated in and out of positive territory in the wake of a disappointing U.S. monthly unemployment report.

  • Treasurys Split on Jobs, Sales

    6 Nov 2009 | 9:05 pm
    The heavy job losses reported in the latest payrolls survey gave Treasurys only a short-lived boost Friday, as investors turned their attention to more record supply in the coming week.

  • ETFs Causing Bubble in Emerging Markets?

    6 Nov 2009 | 9:04 pm
    Is the money that investors are pouring into emerging-markets ETFs distorting valuations and pumping up a potentially monstrous bubble?
 
 
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    DealBook

  • Treasury Rejects Sale of Tax Credits to Goldman

    By DealBook
    6 Nov 2009 | 4:58 pm
    As expected, the Treasury Department blocked the sale of Fannie Mae's unused tax credits to Goldman Sachs late Friday, arguing that the government would lose more money on taxes than it would gain from the proposed deal.

  • EBay Settles Suit Over Skype Sale

    By DealBook
    6 Nov 2009 | 4:35 pm
    EBay has formally settled the litigation around its sale of Skype, settling a dispute with the online calling service's founders.

  • Madoff Trustee Drops $279 Million Merkin Claim

    By DealBook
    6 Nov 2009 | 2:42 pm
    The trustee liquidating Bernard L. Madoff's investment firm has dropped a $279 million claim against the New York financier J. Ezra Merkin's hedge funds, which invested one-fourth of their money with the now-convicted swindler.

  • Like Son, Like Father at JPMorgan Chase

    By DealBook
    6 Nov 2009 | 1:44 pm
    Jamie Dimon, chief executive of JPMorgan Chase, no longer has to look very far for parental advice. His father is joining the bank's securities business.

  • Landry's: The New Frankenstein?

    By Steven M. Davidoff
    6 Nov 2009 | 12:46 pm
    The Deal Professor examines the buyout of Landry's Restaurant, a leveraged deal that was terminated in the financial crisis and resurrected from the dead this week.
 
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    Corporate Finance Associates

  • Transparency in Earnings

    jimz
    19 Oct 2009 | 10:38 am
    Not Just For Big Companies Recently, I was asked to speak to a group of CEOs of mid-sized companies regarding EBITDA and its importance to them as business owners. Several questions from the group centered on what I will loosely call “tax avoidance” and “tax deferral” practices commonly employed by owners of privately held companies. The questions focused upon the impact of these practices on the value of a business. The common theme from the audience was, “buyers understand owners do not want to pay taxes and they are willing to adjust for these practices.” I reminded the group…

  • Business Valuation: Continued!

    leec
    30 Sep 2009 | 2:50 pm
    Another look at “Valuation: Getting the Right Price When Selling Your Business”, an article by Gary Parker. I think Gary has done an excellent job of summarizing the valuation process. However, I feel that he and many others that have written about “valuing” your company have made the explanation too complicated or mysterious. This writing is an attempt to simplify the explanation of this process and to provide a conclusion that hopefully gives potential clients more comfort that professional “intermediaries” like CFA can provide very reasonable estimates of what their company…

  • Management Buyouts: An Optimal Investment and Exit Alternative

    jpb
    21 Sep 2009 | 12:48 pm
    Middle Market investment banking activities felt the effects of the financial crisis.  M&A deal volume for the middle market fell 39 percent in 2008 compared to 2007 and has fallen even further into 2009.  The harsh credit markets have left their mark on the middle market.  The average deal value in Q1 2009 was $64.1 million, down from $93.4 million in the fourth quarter of 2007.  The decrease in average deal size can be accredited to conservative valuations due to the added risk and limited debt funds available.  The incentive for an owner or principals to sell their business has…

  • So Where’s the Silver Lining?

    johnh
    1 Sep 2009 | 12:35 pm
    For companies with valuations less than $100 million, deal volume for the first half of 2009 was down 58% compared to 2008 as reported by the Alliance of Merger & Acquisition Advisors (AM&AA). Those numbers don’t sound like good news for company owners who are ready to sell their companies, but that’s past.  The question is, what is coming? While the history is dark, the silver lining is in the external market factors, like these: Strengthening public stock market values are waking up strategic buyers who need to make acquisitions to grow Low buyouts over the last 18 months mean…

  • Five Winning Strategies for Early-Stage Companies

    arunb
    16 Jul 2009 | 12:16 pm
    It comes as no surprise that some early stage companies get started with a bang because they are flush with capital from family, friends and early stage angel investors.  The excitement is palpable when some of this money has created “buzz” – articles in major newspapers and technical blogs, or TV coverage – all expounding on their products or services and how they will change our world.  By now, the management team, punch drunk on the good publicity, is convinced they are on the right track and expect the phones to ring off the hook from venture capitalists and other investors all…
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    Reuters: Business and Finance News

  • UK gives ground on global tax on banks

    7 Nov 2009 | 4:14 am
    ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

  • Freddie Mac posts $5 billion loss

    6 Nov 2009 | 4:59 pm
    NEW YORK (Reuters) - Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

  • U.S. regulators close Gateway Bank, Prosperan Bank

    6 Nov 2009 | 4:45 pm
    WASHINGTON (Reuters) - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

  • Stocks eye retailers as jobless ranks swell

    6 Nov 2009 | 3:59 pm
    NEW YORK (Reuters) - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.

  • Berkshire Hathaway's net income triples

    6 Nov 2009 | 3:47 pm
    NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
 
 
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    AP - ap.online.biz.general

  • Britain urges steps to insure financial system

    7 Nov 2009 | 5:13 am
    Britain called for consideration of a global tax on financial transactions to insure against another crisis and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change.

  • China offers Africa more trade, investment

    7 Nov 2009 | 4:45 am
    China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.

  • Decision day for health care in the House

    7 Nov 2009 | 3:58 am
    President Barack Obama is traveling to Capitol Hill on Saturday to try to close the sale on his signature health care overhaul, facing a make-or-break vote in the House certain to be seen as a test of his presidency.

  • South Korean workers protest gov't labor policy

    7 Nov 2009 | 3:39 am
    Tens of thousands of South Korean workers rallied Saturday to protest the government's plan to begin implementing contentious labor laws.

  • Court ends tobacco company payments in Md., Pa.

    6 Nov 2009 | 7:19 pm
    North Carolina's highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement.
 
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    TARP Results Blog

  • GMAC Hoping Geither Still Wearing "Sucker" Name Tag

    Matt
    27 Oct 2009 | 4:42 pm
    GMAC, already the recipient of $12.5 billion in cash and $7 billion in loan guarantees from the US Treasury is looking to land another $3 to $5 billion from taxpayers that the government would hold as preferred stock, according to the Wall Street Journal. Most of us can appreciate the difficulty of being in the business of providing car loans at a time like this -- fewer people are buying cars (except during the "Cash for Clunkers" period), and those who want to buy cars are less likely to pass the now more rigorous screening process.  Most people are hanging onto cars longer, and,…

  • Car Czar Writes off $20 Billion Given to GM - It's a Start

    Matt
    22 Oct 2009 | 4:29 pm
    Steven Rattner, the man appointed "car czar" by President Obama, suggested at a speech given to the Brookings Institution that the $50 billion in bailout money given to GM is now probably only worth $30 billion.  However, it isn't really $30 billion.  It's more like 1% of $30 billion.The shares of what used to be GM now closed today at about 63 cents per share, less than one-half of their value in May.  The current market cap of what used to be GM (now called Motors Liquidation) is $388 million.  60% of that is $232 million. Let's point out that what the taxpayer…

  • Treasury "Failed" in AIG Bonus Hearings

    Matt
    14 Oct 2009 | 10:27 am
    In testimony today before the House Oversight and Government Reform Committee, the special inspector general for the TARP program gave the Treasury Department -- and Timothy Geithner's management -- a failing grade, according to the Wall Street Journal. "This was a failure of communications, a failure of management," special inspector general Neil Barofsky testified.   Associated Press states that Barofsky testified that "Geithner is 'ultimately responsible' for regulators failing to rein in massive bonus payments..." You can read about the AIG bonus payments at one of our prior…

  • Creating Second Class Banks

    Matt
    13 Oct 2009 | 5:11 pm
    I've struggled over the past few weeks on the issue of the "pay czar", Kenneth Feinberg, of the federal government having the opportunity to structure the compensation of the highest-ranking people in the firms who have received, or will receive, US bailout money.  Europe is also in the process of putting similar limitations in place.After careful deliberation, I must say that this concept -- not just the execution -- is wrong, and for many reasons, the most important of which is that it creates a second-class of company in an otherwise free market environment competing for…

  • Ken Lewis Agrees to Leave Bank of America at Year End

    Matt
    30 Sep 2009 | 9:02 pm
    The public story is that Ken Lewis, Bank of America's CEO, has chosen to retire from the bank at the end of the year.  The underlying story is probably much more salty.Lewis has been with the bank for 41 years, being from all accounts an exemplary executive until the last several years.   He has been at the helm while disaster after disaster struck.  Destruction of shareholder wealth?  Absolutely, as the current stock price has finally climbed back to 1996 prices -- yes, anyone who bought shares in the from 1996 to 2008 has...lost...money.  Taking on business risks that are too…
 
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    FINANCE NEWS - Google Blog Search

  • Rates continue to plummet on savings accounts

    David Masters
    7 Nov 2009 | 5:03 am
    'This news underlines the importance of keeping a close eye on your savings – and of voting with your feet when you're getting a poor return on the cash you put by,” said James Daley, Which? Money editor. ... Discuss this in the Finance Markets forums. Story link: Rates continue to plummet on savings accounts. Related financial stories to: Rates continue to plummet on savings accounts: Savers gloomy as rate cuts continue · Investment ISAs popular as interest rates plummet ...

  • Landsbanki bond used to finance private project | IceNews - Daily News

    Alex
    7 Nov 2009 | 12:19 am
    The bond which the investment fund Fyrirtaekjabref Landsbankans bought from Bjorgolfur Gudmundsson in 2005 for ISK 400 million was used to finance the setting up of a memorial fund for Gudmundsson's daughter. ...

  • HCM City state finance investment firm established - Vietnam ...

    Brian
    7 Nov 2009 | 12:07 am
    The latest news about Vietnam dong - VND, banking, finance, real estate - property, industry... Information for Successful Investment in Vietnam.

  • AMA, AARP back House health reform bill | Healthcare Finance News

    Diana Manos
    6 Nov 2009 | 8:18 am
    Stay up to date on the latest mobility news at Mobile Health Watch. MedTech Publishing. Visit our company Web page to learn more about MedTech Publishing. LinkedIn. Join our LinkedIn group to connect with other Healthcare Finance News ...

  • World stocks fall as US jobless rate hits 10.2 pct (AP ...

    admin
    6 Nov 2009 | 6:15 am
    LONDON – European stocks fell and Wall Street was expected to drop on the open Friday after data showed the US unemployment rate jumped to 10.2 percent in October, more than expected, as 190000 jobs were cut.
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    BV on Money

  • Is Health Care Reform Going to Cost you More or Less Money?

    Boyce Watkins, PhD
    6 Nov 2009 | 11:05 am
    Filed under: News, The Economy All of us are confused about health care reform. Many of us support the idea because we support the president. Some of us support health care reform because we know that the current system is terribly flawed. Well, getting informed on the issues might be a great way to ensure that you know what you are backing.One of the great problems with health care reform is that most Americans can't trust it in the first place, given that there are so many special interest groups who've hooked their fangs into a corrupt and dysfunctional system. Pharmaceutical companies…

  • Fighter Pat Barry Wins Big Purse Right Before Being Homeless

    Boyce Watkins, PhD
    5 Nov 2009 | 9:54 am
    Filed under: Celebrity News, Personal Finance, Dr. Boyce Money UFC fighter Pat Barry was thanking his lucky stars for his big win against Antoni Hardonk. The fighter won a $120,000 purse for his accomplishment, which was right on time given that he was literally six days away from being evicted from his apartment. Barry's win was emotional for obvious reasons and nearly everyone in his camp was in shock to hear about his financial situation. What is saddest is that his challenges are not uncommon among fighters in general.Although Pat Barry hasn't had the chance to earn millions, many major…

  • Oprah Moving Talk Show to Her OWN Cable Network in 2011?

    Alexis Stodghill
    5 Nov 2009 | 7:42 am
    Filed under: Celebrity News, NewsOprah Winfrey is expected to soon announce that she will be moving her show exclusively to her OWN cable network in 2011. A joint deal between Oprah and the Discovery Channel, the Oprah Winfrey Network is poised to launch in 70 million homes that same year. Her popular show will likely move to OWN on the heels of the network launch, as reported by The New York Daily News. Oprah will be giving up the lucrative licensing and distribution deals her show now has with stations that syndicate her show internationally. In addition, Winfrey will move her staff and…

  • Goldman Sachs, Citigroup Get H1N1 Vaccine Before Needy Hospitals?

    Alexis Stodghill
    5 Nov 2009 | 4:31 am
    Filed under: NewsBusinessWeek has broken the story that large employers like Goldman Sachs and Citigroup are among the first on the list to receive the H1N1 vaccine. Clusterstock, the business blog, has added the nuance that not only has Goldman Sachs received the same number of vaccinations as Lennox Hill hospital in New York City -- the finance giant got its hands on the doses before many hospitals. Goldman Sachs' PR reps want to make it clear to the public that the CDC distributes vaccines to many types of large employers, such as Time Warner and New York University. The idea is to get the…

  • Costco Accepts Food Stamps: Trend at Wholesale Clubs, Grocery Stores

    Alexis Stodghill
    4 Nov 2009 | 7:57 am
    Filed under: Personal Finance, News, The Economy, Savings, Budget Leading wholesale retailer Costco has announced that it will now accept food stamps in its stores nationwide. This news comes as a shock to many, who see Costco as catering to elite shoppers. Yet, this should not be surprising as more Americans than ever are using government assistance to feed their families -- 10 million people have gone on food stamps in the last two years alone. This is leaving shopping clubs like Costco and Sam's scrambling to attract an entirely new realm of consumer, who may not be technically "poor."The…
 
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    FINANCE NEWS - Google News

  • Britain urges divided G20 to reach climate finance deal - Reuters

    7 Nov 2009 | 5:02 am
    Times LIVEBritain urges divided G20 to reach climate finance dealReutersST ANDREWS, Scotland, Nov 7 (Reuters) - British finance minister Alistair Darling urged his G20 counterparts on Saturday British PM calls for talks on finance levyThe Associated PressG20 finance ministers remain divided on ways of removing stimulusXinhuaBritish PM calls for talks on finance levyNewser10 Downing Street -BBC News -London South Eastall 1,436 news articles »

  • Ajay Yadav gets Finance, Hooda keeps Home - Press Trust of India

    7 Nov 2009 | 4:32 am
    Deccan HeraldAjay Yadav gets Finance, Hooda keeps HomePress Trust of IndiaChandigarh, Nov 7 (PTI) Six-time MLA Ajay Singh Yadav is the new Haryana Finance Minister as Chief Minister Bhupinder Singh Hooda kept the vital Home Newly sworn Haryana ministers get portfoliosDaily News & Analysisall 135 news articles »

  • Campaign finance board rules against Rybak - Minneapolis Star Tribune

    7 Nov 2009 | 4:16 am
    Campaign finance board rules against RybakMinneapolis Star TribuneGubernatorial candidate RT Rybak owes mayoral candidate RT Rybak $26500, according to a Minnesota campaign finance board decision made public Friday. Finance board says Rybak survey violated reporting rulesMinnesota Public RadioCampaign finance board rules against Rybak, who is now a candidate for governorMinnesota DailyRybak slapped: Campaign-finance board says mayor polled for guv raceMinnesota IndependentPolitics in Minnesota -Minneapolis City Pages -Minnesota Public Radioall 230 news articles »

  • Brown Urges G-20 to Avoid 'Dangerous' Early Exit From Stimulus - Bloomberg

    7 Nov 2009 | 4:03 am
    Brown Urges G-20 to Avoid 'Dangerous' Early Exit From StimulusBloomberg“It would be dangerous to put recovery at risk by suddenly cutting off the funding and investment,” the British premier said in a speech to G-20 finance Zhou Seeks to Deflect European, Japanese Calls For Yuan GainBloombergall 5 news articles »

  • Flawed health reform - Washington Post

    6 Nov 2009 | 9:32 pm
    Seattle Post IntelligencerFlawed health reformWashington PostAlthough the language is being negotiated, the bill would, unlike the Senate Finance Committee version, permit illegal immigrants to purchase insurance on House Reform Measure Won't Limit Exchanges Based on CitizenshipCalifornia HealthlineWhere your legislators stand on the health care debateColumbia MissourianThe challenging economics of US health care reformJournal of the American Academy of Physician Assistantsall 4,157 news articles »
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    Finance News Pro

  • Credit repair is within your power

    Charles
    6 Nov 2009 | 4:21 am
    A number of people are falling behind in their monthly payments to different creditors because of the rising costs in gas, food and also due to increasing unemployment. With the recent stressed economy, many people are finding hard to make ends meet. They are continuously missing their monthly payments, thereby causing havoc in their credit report. Although credit repair can be quite a challenging job, but it’s not at all impossible as many people think so. There are legal law firms that specialize in credit repair services and improve your credit ratings. If you are getting late on your…

  • Falling into the CIC Triple Advantage Scam

    Charles
    29 Oct 2009 | 7:46 am
    The CIC Triple Advantage Scam has stirred up a scene with regard to faulty credit reports. The company and its other aliases — freecreditreport.com, and creditreport.com, and Experian Free Credit Report — have been extorting money from those who registered on the online services the company offers; mainly, a supposedly free credit check to people who wish have a copy of the report. Little did everybody know that they were in for quite an extremely inconvenient surprise. I am one of the victims who got duped by the CIC Triple Advantage Scam. The biggest mistake I made was not to do…

  • Understanding the Mortgage Forgiveness Act

    Charles
    14 Oct 2009 | 7:50 am
    There are many of us who do not have adequate knowledge about the Mortgage Forgiveness Debt Relief Act that allows taxpayers to eliminate up to $2 million of mortgage debt on their principal residence in 2007, 2008 or 2009. Mortgage forgiveness is quite a familiar term in the real estate market. Due to a person’s financial problems, when a mortgage lender has agreed to accept less than the full amount of the debt, the difference between the amount payable and the amount accepted is “forgiven”. When the mortgage lender has agreed to waive off a certain portion of the loan, they will send…

  • Individual Voluntary Assignment

    Charles
    8 Oct 2009 | 8:22 am
    After the Insolvency ACT 1986, the UK government came up with an agreement that is made between the debtor and the creditor to repay their debts in regular installments. This repayment term can extend up to a period of 5 years and is known as Individual Voluntary Arrangement. This arrangement has a lot of strong points with the following advantages. Through the individual voluntary arrangement, you can repay your debts within a period of five years without a hitch. Debts can be paid off faster if you can arrange extra cash on certain months and make lump sum payments. The agreement between…

  • Free Money Management

    Charles
    7 Oct 2009 | 8:22 am
    Sometimes people find it difficult to track their own budget. In such cases, people need a better sophisticated tool to manage their money. Money management software can be quite comfortably used by all the users. The simplicity of home budgeting tools can help you to manage your budget so that you can have free money to pay your other bills. Many people find it very frustrating to manage their money and wonder where their money is going after receiving their paycheck. Kublax finance software can make your life much easier, gives you less headache, and manage your budget so that you can focus…
 
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    MSN Money Latest Articles

  • India's big vote for a gold rally

    6 Nov 2009 | 5:12 pm
    The naysayers have said gold was ready to fall at every step of its upward march toward $1,100. But the world can't get enough of the shiny stuff.

  • Call them 'need-based' businesses

    6 Nov 2009 | 5:00 pm
    Despite a dreary economy, it was a great year to start a business from home, as entrepreneurs identified and filled voids for consumers and other businesses.

  • Fight the financial-industry thugs

    6 Nov 2009 | 2:08 pm
    The bullies who nearly ruined the economy are now trying to kill a proposed agency that would protect US consumers. Don't let lawmakers sell you out again, folks.

  • 9 questions Wall Street must answer

    6 Nov 2009 | 9:39 am
    Another Depression may have been averted, but the bailouts compromised our future. We need to know how the economy fell into such a deep hole.

  • Why investors should ignore the Dow

    5 Nov 2009 | 5:26 pm
    The 30-stock index represents the market to many people. But few of the stocks are worth buying, and a third should be dumped fast. If you don't own them, why follow them?
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    SFGate: Business & Technology

  • Madagascar political rivals reach government deal

    By SAMSON HAILEYESUS, Associated Press Writer
    7 Nov 2009 | 5:19 am
    Madagascar's political rivals have agreed on posts within a transitional government that will hold power until next year's elections following a power struggle that brought months of volatility to the country, an African Union statement said. The deal... Madagascar - Andry Rajoelina - Africa - Government - Provisional government

  • Presented By:

    7 Nov 2009 | 5:19 am

  • Britain urges steps to insure financial system

    By JANE WARDELL, AP Business Writer
    7 Nov 2009 | 5:14 am
    Britain called for consideration of a global tax on financial transactions to insure against another crisis and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change. British Prime Minister Gordon... Gordon Brown - Climate change - Scotland - Great Britain - Environment

  • China offers Africa more trade, investment

    7 Nov 2009 | 4:46 am
    China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday.... China - Tariff - Asia - Export - Africa

  • Iran: 109 detained at opposition rally

    7 Nov 2009 | 4:24 am
    Iranian police have detained 109 people for "disturbing public order" during an opposition rally this week, the official IRNA news agency reported Saturday. Azizollah Rajabzadeh, a security spokesman, said 62 of those detained have been handed over to... Iran - News agency - Islamic Republic News Agency - Middle East - Police
 
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    Finance-news News - Congoo

  • Disappointing jobs news doesn’t hold back markets

    7 Nov 2009 | 9:04 am
    Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher. News that the nations unemployment rate rose above 10 percent last month for the first time in

  • Fed sees rates near zero for "extended period"

    7 Nov 2009 | 8:48 am
    The Fed said the U.S. economy had 'continued to pick up' since its last meeting in September, but it expressed concern that the economy's recovery was likely to be muted. WASHINGTON (Reuters) - The U.S.

  • Citigroup Planning IPO of Primerica Life Subsidiary

    7 Nov 2009 | 8:26 am
    Citigroup is planning an initial public offering of Primerica Inc., a life insurance company subsidiary, in an effort to shed 'noncore' businesses. The financial services giant said Primerica filed a

  • Wall St rises 3 pct for week on Friday's slim gain

    7 Nov 2009 | 8:21 am
    NEW YORK, Nov 6 (Reuters) - U.S. stocks rose 3 percent for the week after ending Friday's session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent -- the highest

  • Wall St turn positive; GE up after upgrade

    7 Nov 2009 | 8:19 am
    NEW YORK, Nov 6 (Reuters) - U.S. stocks erased initial losses and turned positive on Friday, as industrial stocks advanced, led by General Electric Co. The Dow Jones industrial average was up 4.54 points,
 
 
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    MSN Money Finance Tips

  • Better places to stash your cash

    5 Nov 2009 | 2:01 pm
    Money market mutual funds are paying a pittance. Look to local banks, laddered CDs and short-term bond funds to achieve higher yields.

  • What can you get for Mom's stuff?

    4 Nov 2009 | 9:01 pm
    Whether you're sorting through a dear departed's things or helping an older loved one downsize, you'll need these tips for separating trash from treasure.

  • 10 ways to lower your 2009 taxes now

    4 Nov 2009 | 9:01 pm
    Putting more in your 401k, buying a house or car, or giving to charity are among the moves that, if made by Dec. 31, will help shrink your tax bill next spring.

  • 6 signs your home will increase in value

    4 Nov 2009 | 9:01 am
    Housing prices in many metropolitan areas ticked higher in August, though it's too early to say that a bottom is in. These indicators foretell where home values are headed.

  • How to fight your health insurer

    3 Nov 2009 | 9:01 pm
    A rejected claim is the beginning, not the end. Here's a step-by-step guide to battling your way through the appeals process.
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    Boston.com -- Top business news

  • MetroWest wants new deal with Blue Cross

    Elizabeth Cooney, Globe Correspondent
    6 Nov 2009 | 6:59 pm
    MetroWest Medical Center has told employees it may end its contract with Blue Cross and Blue Shield of Massachusetts unless the insurer narrows the gap in payments between the hospital and its competitors.

  • Beware: Debt-settlement firms often promise more than they can deliver

    Candice Choi , Associated Press
    5 Nov 2009 | 7:14 pm
    Reduce your debt by 60 percent! Be debt-free in 12 months! The siren song of debt-settlement firms is harder to ignore these days, especially if creditors are knocking at the door. Tempting as the ads may be, debt-settlement firms can leave you in an even worse mess. Many are outright scams.

  • GM boss: US aid can be used to fix Opel if needed

    Tom Krisher and Guido Rijkhoek, Associated Press Writers
    5 Nov 2009 | 6:06 am
    General Motors Co.'s top executive said Thursday that the automaker could tap some of its $50 billion in U.S. government aid to help restructure GM's European Opel unit. The statement came as thousands of Opel workers walked off their jobs across Germany in protest of GM's decision to abandon the unit's sale to new owners.

  • Opel workers across Germany protest GM move

    Guido Rijkhoek, Associated Press Writer
    4 Nov 2009 | 10:04 pm
    Fearing widespread layoffs, thousands of Opel workers walked off the job across Germany on Thursday to protest General Motors Co.'s decision to abandon the unit's sale to new owners.

  • Google touches add value to Droid

    Hiawatha Bray
    4 Nov 2009 | 7:39 pm
    I love it when big, rich technology companies start smacking each other around like robots in a Transformers movie, because you’ll generally find some pretty cool gadgets poking out of the wreckage.
 
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    chicagotribune.com - Business

  • Wrigley Jr.'s Gold Coast penthouse listed at $14M

    7 Nov 2009 | 10:00 pm
    Bill Wrigley Jr. is trying to sell two of the five highest-priced properties in Chicago area Bill Wrigley Jr., the chewing gum heir and chairman of Wm. Wrigley Jr. Co., has just listed his 13,200-square-foot Gold Coast penthouse for $14 million, giving him the distinction of holding the city's highest-priced residential listing.

  • Rowley to dress United for success

    6 Nov 2009 | 10:00 pm
    Could a stylish flight crew help you forget that you can't find space in the overhead bin because nobody wants to pay the checked-bag fee? Or erase the memory of not making it home Friday night because your plane was overbooked and you made the mistake of buying a ticket on the last flight of the day?

  • Review: Motorola's Droid delivers lots of features and looks good doing it

    6 Nov 2009 | 10:00 pm
    Motorola's Droid is the best Google phone on the market.

  • Motorola settles patent dispute suit

    6 Nov 2009 | 10:00 pm
    Motorola Inc. and a Silicon Valley wireless network company have settled a patent dispute more than two years after the Schaumburg-based technology giant sued its competitor over technology related to wireless computer networks.

  • Unemployment rate hits 26-year high

    6 Nov 2009 | 10:00 pm
    -- The nation's unemployment rate surged to 10.2 percent in October, hitting double digits for the first time in 26 years.
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    L.A. Times - Business

  • CalPERS to consider requiring placement agents to register as lobbyists

    7 Nov 2009 | 12:00 am
    Advocates see the plan as a way to limit political pressure on the pension fund, which some believe may have occurred in dealings with agent Alfred Villalobos. Opponents say it's counterproductive. Highly paid financial intermediaries at the center of a growing uproar over the way California's huge public pension plan invests its money may soon be required to register as government lobbyists and regularly report their fees and clients.

  • IPhone sales in China are nothing to call home about

    7 Nov 2009 | 12:00 am
    Only 5,000 of the Apple phones have sold since the Oct. 30 launch. High prices and a lack of Wi-Fi capability are blamed, especially with a thriving gray market in iPhones. Apple Inc.'s iPhone has been a ringing success wherever it has been launched. But in China few are picking up the buzz.

  • Texas is the new retirement mecca

    7 Nov 2009 | 12:00 am
    The Lone Star State's attractions include its low cost of living and no income tax. After trying out Pasadena, Atlanta and Miami, Lilian Junco decided this was the place to retire. Being near her son was the first attraction, but soon she was drawn in by the same combination of features that has lured tens of thousands of others from out of state: Gulf Coast living and super-low costs.

  • Toyota is sued over concerns of sudden acceleration

    7 Nov 2009 | 12:00 am
    A lawsuit filed Thursday by two Los Angeles County residents claims that the majority of Toyota and Lexus vehicles made since 2001 contain defective components that can cause unintended acceleration. Two Los Angeles County residents have sued Toyota Motor Corp., alleging that the majority of Toyota and Lexus vehicles made since 2001 contain defective components that can cause unintended acceleration.

  • Unemployment rate rises to 10.2%

    7 Nov 2009 | 12:00 am
    It's the first time it has hit double digits since 1983. Employers cut 190,000 jobs last month, a bigger drop than expected. The nation's unemployment rate jumped to 10.2% in October, raising questions about the staying power of the budding economic recovery and confronting President Obama with a politically explosive new challenge.
 
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    Reuters UK: Top News

  • UK joins G20 push for world levy on banks

    7 Nov 2009 | 5:19 am
    ST ANDREWS, Scotland (Reuters) - Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work towards a $100 billion (60 billion pounds) deal to meet the cost of climate change.

  • UK gives ground on global tax on banks

    7 Nov 2009 | 4:51 am
    ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

  • Torres not fit to play for Spain, says Benitez

    7 Nov 2009 | 4:42 am
    LIVERPOOL, England (Reuters) - Liverpool striker Fernando Torres is not fit to play in Spain's friendly against Argentina next weekend even though he could feature for his club on Monday, manager Rafa Benitez has said.

  • 7 Afghans killed during missing U.S. troops search

    7 Nov 2009 | 4:39 am
    KABUL (Reuters) - NATO forces mistakenly killed seven Afghan soldiers and police in an air strike during a battle while searching for two missing American soldiers in Afghanistan, the Afghan Defence Ministry said on Saturday.

  • Afghanistan hits back at U.N. and foreign criticism

    7 Nov 2009 | 3:44 am
    KABUL (Reuters) - Afghanistan accused the United Nations on Saturday of intervening in the formation of President Hamid Karzai's next cabinet, less than a week into his new term.
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    Wikio - Finance

  • Earth to economists: Recession isn't over (CNNMoney.com)

    7 Nov 2009 | 5:19 am
    CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain...Source : CNNMoney.com (subscribe)

  • These Dividend Stocks Won't Let You Down (Fool.com)

    7 Nov 2009 | 5:00 am
    Don't put your portfolio at risk.Source : Fool.com (subscribe)

  • Walk of Shame: You Be the Judge (Fool.com)

    7 Nov 2009 | 5:00 am
    Which choice is the most shameful of the week?Source : Fool.com (subscribe)

  • Freebies for the jobless (CNNMoney.com)

    7 Nov 2009 | 4:29 am
    From free dry cleaning to a no-cost vacation, these 5 businesses have come up with creative ways to help out unemployed residents in their communities.Source : CNNMoney.com (subscribe)

  • Warren Buffett And The G20 (The Baseline Scenario)

    7 Nov 2009 | 3:53 am
    The G20 Finance Ministers and Central Bank governors are meeting today in St. Andrews, talking about the data they will need to look at in order to monitor each other’s economic performance and sustain growth (seriously). The underlying idea is that if you talk long enough about the US current account deficit and the Chinese surplus, stuff [...]Source : The Baseline Scenario (subscribe)Explore : Finance Blogs, Investors, Stock investors, Warren Buffett
 
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    Consumerism Commentary: A Personal Finance Blog Since 2003

  • Expedited CARD Reform for Consumers Act of 2009

    Smithee
    6 Nov 2009 | 11:02 am
    After the Credit CARD Act of 2009 was signed into law, we saw how credit card issuers started making life tougher for their customers. In short, banks were levying fees on their customers indiscriminately, affecting both the good and the bad. This has been going on for months. Lawmakers have publicly condemned it, and made requests to the federal reserve, but all to no avail. This week, however, an amendment to expedite the Credit CARD Act (giving it an effective date of December 1st) has passed the House of Representatives in a better-than-average bipartisan manner (only 53% of Republicans…

  • Quicken Online Users Will Be Migrated to Mint

    Flexo
    6 Nov 2009 | 9:00 am
    When Mint and Intuit announced the latter would be acquiring the former, the Quicken team and Aaron Patzer, the CEO of Mint, now a vice president of Intuit’s personal finance division, claimed that their two similar online product offerings, Mint and Quicken Online, would continue to co-exist. This made little sense to me. In fact, I asked, “How long will it continue to make sense to maintain two highly similar services under one roof?” We now know the answer is, “Not long at all.” The acquisition has passed regulatory requirements and is now official. With this…

  • President Obama and Congress Extend the $8,000 Home Buyers’ Credit

    Flexo
    6 Nov 2009 | 4:00 am
    It’s official. Today President Obama will sign a bill into law that extends the $8,000 First Time Home Buyers’ Tax Credit, recently set to expire on November 30, until April 30 next year. The tax credit, originally part of the American Recovery and Reinvestment Act of 2009 was intended to stimulate the real estate industry, and Congress has been talking about extending the credit for months. 1.8 million home buyers have qualified for the $8,000 first time home buyers’ tax credit so far or will qualify by the end of November. According to the National Association of Realtors…

  • Personal Balance Sheet, October 2009

    Flexo
    5 Nov 2009 | 6:18 pm
    Although it’s a little late this month, it’s now time to share my personal finances. I’ve been doing this roughly every month since Consumerism Commentary started in July 2003. I did recently make one important change — I am no longer counting my “business” bank accounts in my net worth. I’m trying to separate my business, which consists mainly of Consumerism Commentary, from my personal accounts. October was an interesting month. I traveled to my brother’s wedding in California, so there were a number of extraordinary expenses related to the…

  • Should Target Date Funds Be Standardized?

    Flexo
    4 Nov 2009 | 5:00 am
    The Security and Exchange Commission (SEC) is setting up a new division to oversee new financial products, and this group is starting with target date funds. These are mutual funds usually taking the form of baskets of other mutual funds, designed to target a certain year of retirement. As the year approaches, the fund automatically changes asset allocation, usually between stocks and bonds, to become less risky. I’ve pointed out some of my concerns with target date funds here before. Mainly, they could be too conservative and it’s easy to hide fees. Mary Schapiro, the head of the…
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    AllFinancialMatters

  • Turning Home ‘Buyers’ Into Renters

    JLP
    6 Nov 2009 | 12:35 pm
    Fannie Mae is becoming a landlord… Fannie Mae will allow homeowners facing foreclosure to stay in their homes and rent them for as long as a year, as part of the government’s latest effort to help troubled borrowers, while keeping more foreclosed properties from hitting the housing market. The “Deed for Lease” Program lets borrowers who don’t qualify for loan modifications transfer their property to Fannie Mae in exchange for a lease. Borrowers-turned-tenants will pay market rents, which in most cases are lower than the cost of mortgage payments, and might be…

  • A Little Friday Fun For You…

    JLP
    6 Nov 2009 | 11:33 am
    Back in August, my wife and I went to see Chris Isaak in concert. It was awesome! If you get the chance to see Chris in concert, GO! Anyway, below is a live video of my favorite song from his newest CD, “Mr. Lucky.” Enjoy…

  • Schwab is Introducing ETFs That Trade Commission-Free

    JLP
    5 Nov 2009 | 9:08 am
    Charles Schwab recently announced that they were getting into the exchange-traded funds game by introducing several new Schwab-branded ETFs. I have listed the new ETFs below, along with their expense ratio and the description as provided by Schwab. What makes these particular ETFs interesting is that they will trade commission-free to Schwab clients. Of course, free doesn’t mean that they won’t have spreads—the difference between the bid and ask price—but they won’t have the traditional brokerage commissions that are paid when buying or selling other ETFs. The…

  • How to Use the RATE Function in Excel

    JLP
    3 Nov 2009 | 7:24 pm
    Yesterday I used the RATE function in Excel for a post. A reader asked me if I could explain the RATE function. This post will attempt to do that. First off, you use the RATE function when you want to calculate what rate of return would be required to meet a certain goal, based on a few assumptions. Let’s use the information from yesterday’s post: Retirement Goal: $1,000,000 Years until retirement: 20 (240 months) Current retirement account balance: $100,000 Monthly contribution amount: $500 You can set it up like this in Excel: Then, to solve for the rate, you simply put your…

  • Liz Pulliam Weston – Debt: And you think you’ve got it bad?

    JLP
    3 Nov 2009 | 9:55 am
    Interesting article by Liz Pulliam Weston over on MoneyCentral titled, Debt: And you think you’ve got it bad? The article compares the United States’ bankruptcy system to other systems around the world. People in the U.S. have it made in comparison. For instance, check out the Islamic system: You also can get loans in Muslim countries, although they work differently. People who want to buy a car without paying cash go to a bank and write a series of postdated checks, to be cashed once a month until the debt is fully paid. A similar system is employed for apartment rentals. In…
 
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    fivecentnickel.com

  • Did Congress Make the Homebuyer Tax Credit Retroactive?

    Nickel
    6 Nov 2009 | 7:36 am
    I’ve received several comments/e-mails asking about whether Congress has decided to make the first time homebuyer tax credit retroactive. If you saw my previous article, you’ll know that Congress has extended the first time homebuyer credit and added a new $6500 credit for existing homeowners. Is the homebuyer tax credit retroactive… or not? From everything that I’ve heard, the answer is that it will not be made retroactive. While this might not seem fair, the undelrying logic makes sense… Since the goal is to stimulate sales going forward, it makes no sense to…

  • Congress Extends $8000 Homebuyer Tax Credit, Adds New $6500 Credit

    Nickel
    5 Nov 2009 | 6:10 pm
    This just in… The House of Representatives has voted to extend — and expand — the first time homebuyer tax credit. Extending the $8000 credit, adding a $6500 credit According to the NY Times: The bill extends an $8,000 tax credit for first-time home buyers that was due to expire on Nov. 30, making it available to those who have a contract before May 1 on a primary residence priced at up to $800,000. The bill also creates a new credit of up to $6,500 for existing homeowners who buy a new residence if they have lived in their current one for at least five of the last eight…

  • Lending Club Update – October 2009 Performance

    Nickel
    5 Nov 2009 | 12:42 pm
    As October came to a close, things were still going well with my Lending Club investments. The one loan that has gone bad has stayed bad, but everything else is being paid on time. Even with that delinquency, however, my “High Risk” portfolio is back in the black, as I’ve earned more than enough in interest to cover the loan that I lost. Assuming things keep going as they are, that one bad loan will soon be a distant memory. During October, a couple of borrowers paid off their loans early, so I’ve re-deployed that cash (along with some additional funds that I’ve…

  • How Much to Budget for Car Maintenance?

    Matt
    5 Nov 2009 | 4:39 am
    If you don’t control your money, your money will control you. Today let’s focus on getting control over the cost of auto repair and maintenance. The cost of owning a car Here’s a look at all the budget categories you may want consider when attempting to nail down your auto expenses: Purchase price – payment (cash and/or financing and interest) to acquire the vehicle Taxes – paid when you buy or sell the vehicle Fuel – the gasoline/fuel you need to make the vehicle run Insurance – all levels auto insurance including personal liability, collision,…

  • Series I Savings Bonds Now Paying 3.36%

    Nickel
    4 Nov 2009 | 1:34 pm
    This is just a quick note to say the new Series I U.S. Savings Bond interest rates have been released. I haven’t written much (anything?) about savings bonds in the past, but I’m planning on changing that in the near future. In the mean time, I’ll just say this… The interest rate on Series I bonds is made up of a fixed rate component and an inflation component. Rates are updated twice a year, in May and November. The latest update saw the fixed component increase from 0.10% to 0.3% and the inflation component went from 0% to 3.06%. In other words, they’re now…
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    pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator

  • Sunday Fun: Most Boring Eco Video Ever

    The Disciplined Investor
    7 Nov 2009 | 5:26 am
    This has got to put you to sleep. Even with the fine and classy French accent, this is drier than a Bernanke briefing. Can’t we get a Fed official with some pizazz? Maybe I am being too harsh, you be the judge (and then tell me what he said as I could not keep my eyes [...] Related posts:Sunday Fun: Forex Trading VideoSunday Fun: The BartenderSunday Fun: Gold to $2,000 or $500? ...

  • A Temple Restaurant and a Clearing House for Tickets – Two Observations of New York City

    Personal Financier
    7 Nov 2009 | 5:19 am
    Best City in the WorldNew York City is my favorite destination in the world. Any opportunity to visit again, whether on business or pleasure is a joy. With each visit a new light is shed on some other aspect of the city. I'd like to share two such spotlights with you. In case you have been wondering The Personal Financier is very much alive. It may not seem so but I'm doing my best on getting back on track. It's amazing how life changes once you have a child. Peter Luger – The Mystery of Building a Lasting Brand Peter Luger offers the best steak I've had my entire life. That's a fact on my…

  • Short-term outlook for crude oil prices

    StockWeb
    7 Nov 2009 | 5:15 am
    In last week crude oil prices has been traded more or less sideways and finished the week on unchanged mark. But short-term picture shows interesting development because on Friday price closed below $77,7. This level has been formed since summer this year and was support for technical pattern flag formation. The breakout didn't support bullish trend anymore and short-term outlook is more bearish now.I agree with Adam Hewison's long term-term outlook for crude oil which stays bullish. Adam also mentions flag formation which brings "bullish breakout" but this has been reversed on…

  • Financial Ramblings

    Intelligent Speculator
    7 Nov 2009 | 5:10 am
    Wow..fall is coming to an end, I sure don’t miss the cold winter mornings when going outside is probably the toughest way to wake up. But that is what’s coming in a few weeks, better get ready right? It was another interesting week with more volatility, here are some of the more interesting readings I [...] ...

  • NASDAQ Composite Index Chart – November 6, 2009

    My Trader's Journal
    7 Nov 2009 | 5:08 am
    I charted the NASDAQ Composite Index ($COMP) after the markets closed on Friday, November 6, 2009 when it finished the day at 2,112.44. // The tech heavy index is starting to show some strength again after coming down off its highs of the year.  The key reversal of the down trend came when $COMP hit the [...] ...
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    footnoted.org

  • CBS’ last CFO still hanging around…

    Michelle Leder
    6 Nov 2009 | 7:56 am
    Back in June, CBS (CBS) announced that its CFO, Fred Reynolds, planned to retire in mid-August. That same day, the company announced that Joseph Ianniello would be taking over as CFO on July 20.Now Ianniello was no novice. He had been with CBS or Viacom (VIA) for the past 12 years and had been deputy CFO since November 2008. Indeed, in the press release that announced Ianniello’s promotion, CBS CEO Leslie Moonves said this:”“He’s been involved in every major financial decision of this company, from the time that the new CBS Corporation was formed to the present day, and he’s…

  • J. Crew Designer Benefits from “Obama Bump”

    Sonya Hubbard
    5 Nov 2009 | 7:18 am
    After the public learned that the Obama girls wore J. Crew-designed coats for their father’s inauguration, the company enjoyed what became known as “the Obama bump.”  Sales soared – especially after the company crowed about its connection to the First Family – and online traffic spiked so high that the company’s web site crashed.The “Obama bump” no doubt contributed to J. Crew’s (JCG) decision to reward Jenna Lyons Mazeau (who’s often referred to as “Jenna Lyons”), the company’s Creative Director for its women’s clothing.In an 8-K and Special Bonus Agreement…

  • On Black and Decker’s CEO and unicorns…

    Michelle Leder
    4 Nov 2009 | 8:02 am
    Though we often read filings several times just to make sure we’re reading (and interpreting them) correctly, we honestly did a double-take when we read the 8-K that Black and Decker (BDK) filed late yesterday. The filing was a follow-up to the $4.5 billion deal that was announced on Monday. The part that caught our attention was the agreement with Chairman and CEO Nolan D. Archibald. Here’s a snip:Under the terms of his amended and restated employment agreement with Black & Decker, Mr. Archibald would be entitled to certain benefits upon the termination of this employment by…

  • SEC Madoff exhibit list now available…

    Michelle Leder
    3 Nov 2009 | 11:22 am
    Yesterday, we poked at the SEC for not just dumping 6,100 pages of material on a Friday afternoon, but for failing to provide a road-map to the 536 exhibits. In separate conversations with me, a representative of the SEC and SEC Inspector General David Kotz each suggested that it was the other’s fault for not making this information available.Whose fault was it? Well the Inspector General’s office has just made the list of the 536 exhibits available on their site, while the SEC’s list remains uncategorized. You can see the full list here:Public Exhibit List If only this had…

  • Diedrich’s odd disclosure…

    Michelle Leder
    3 Nov 2009 | 8:01 am
    Late yesterday, Peet’s Coffee & Tea (PEET), my personal favorite when it comes to caffeine delivery devices, announced that it was buying Diedrich’s Coffee (DDRX) for $213 million.Coincidentally, Diedrich’s filed what’s likely to be its last 10-Q yesterday. But what’s surprising was the very first exhibit in the 10-Q: an agreement with CFO Sean McCarthy. Now, McCarthy was named CFO back in January 2006. But the agreement was dated May 1, 2008 and was filed yesterday — roughly 17 months after it went into effect.We don’t mean to be sticklers here,…
 
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    The Kirk Report

  • The Comeback Kid

    Charles E. Kirk
    6 Nov 2009 | 2:52 pm
    What a difference a week makes: As you know, a week ago things were looking quite grim, but as we've seen several times this year, this market has a knack for playing the comeback kid. For the week, the S&P 500 rallied back +3.20%, Dow +3.20%, Nasdaq +3.29%, and the Russell 2000 +3.12%. To make the big money this week being long emerging markets (EDC), gold miners (GDX), silver (AGQ) and basic materials (UYM) were good. Relative strength was also seen in Brazil (EWZ) and India (EPI). Read more of my weekly wrap-up.

  • Live Chat With Brian Shannon

    Charles E. Kirk
    6 Nov 2009 | 6:30 am
    Brian Shannon from AlphaTrends will be here at 11:AM EST to take our questions. To attend, please visit the following link: Live Chat With Brian Shannon Brian has become quite popular and for very good reason - many traders have found his technical approach and educational materials quite useful. In fact, Brian is currently ranked as the most influential trader on twitter. We hope you'll join us today for an hour of timely conversation about trading and the market.

  • 10.2% Unemployment, 190K Jobs Lost

    Charles E. Kirk
    6 Nov 2009 | 5:52 am
    Good morning. Futures are under pressure following a worse-than-expected jobs report. Other headlines beyond jobs include news that the OECD sees strong signals of worldwide recovery especially in China, the G20 to stay the course on economic stimulus, the latest from the oversight panel on TARP, the Feds widened their crackdown on insider trading, Fannie wants another $15 billion from the Treasury, earnings from AIG among a few others, slower money flows into commodities and lots of media hype over the new Driod phone. Read more of my premarket report.

  • Back To Square One

    Charles E. Kirk
    5 Nov 2009 | 3:26 pm
    At this time last week, the S&P 500 was at 1066. Today it closed at the same level: Today's rally was more impressive in my view primarily because if leadership by Russell and Nasdaq - an indication not only that the gains would be sustained throughout the day (which they were) but also as a sign that the risk trade is back on. I also liked the fact that 90% of the stock screen machine stocks posted a gain on the day. Remember, I monitor that closely for confirmation of what we see in the major indexes and that's a good sign. Finally, both the Nasdaq Composite & S&P 500 also reclaimed their…

  • Member Mailbag

    Charles E. Kirk
    5 Nov 2009 | 11:37 am
    Time for another member mailbag. Here's what I'll be covering today: The Importance Of Sector Performance Quantifying Low/Risk High/Reward Trades Handling Conflicts Between Weekly & Daily Time Frames Using Real-Time Scans TIP As A Cash Position Reading Fast Evaluating The Good Guys & The Bad Guys To read, please login.
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    TraderFeed

  • Eliminating Bias in Trading

    6 Nov 2009 | 4:57 pm
    A reader asks a good question: "Do you have any good post on eliminating a strong bias? I am so clouded by a bias, I can't trade objectively."I find this to be a more common problem than is typically acknowledged, particularly among short-term traders who hold positions intraday. They find themselves caught up in strongly held, longer-term opinions about political and economic developments, which makes it difficult to trade against those views.For example, it is very difficult for an advocate of limited government/individual liberty/free markets (which, parenthetically, are different from the…

  • Midday Briefing for November 6th: Range Within a Range

    6 Nov 2009 | 10:49 am
    As you can see from the S&P 500 e-mini (ES) futures, we've been trading in a range today, which I've also been viewing as a multiday range. Although we're near the day's highs in ES, many of the correlated risk markets (oil, gold, euro, Aussie dollar, 10 year Treasury yields) are off those highs. I'm continuing to view this as part of a bottoming process that began with momentum lows earlier this week. Should we hold those lows and see non-confirmations from indicators, indexes, and sectors, I would shift to a very bullish intermediate-term stance. .

  • Morning Briefing for November 6th: Prospects for Wide Trading Range

    6 Nov 2009 | 7:29 am
    What I'm watching this morning is whether we can stay above the 10/29 highs in the major averages. We saw a sharp drop on the jobs numbers this morning and then a sharp bounce to preopening highs early in the regular trading session. Failure to sustain a move above the 10/29 highs sets up a wide trading range and should eventually lead to a break of the overnight lows. I would see such action as part of a potential bottoming process vis a vis the momentum lows we saw early in the week. If that scenario is correct, we should stay below this morning's highs..

  • Trading Psychology and the Risk of Ruin

    6 Nov 2009 | 5:23 am
    A reader commented on the recent post on mood and trading that he was battling his own moods after losing 17% of his equity in three trading days. Admirably, he expressed the desire to keep it together for his family.But, of course, this isn't a mood problem. It's a problem of risk management. If you trade frequently, it's only a matter of time before you experience runs of three, four, and five losers. That can be losing trades, losing days, or losing weeks. The laws of statistics dictate that if even if you are right on your trades 60% of the time or profitable 60% of days or weeks, you'll…

  • A Further Look at Market Laggards

    5 Nov 2009 | 3:54 pm
    We've seen a rally off the recent market lows, but several areas of the market are lagging. Above we can see that bank ($BKX; bottom chart) and insurance ($KIX; middle chart) remain well off their highs. The financial sector is one I'm watching closely; it led the market meltdown and then led the risk rally since March. Its underperformance now is unsettling to the bull case.Also clearly underperforming is Japan (EWJ; top chart). This is another situation I'm watching closely, given troublesome longer-term fundamentals, including high levels of public debt and problematic demographics. .
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    The StockMasters - Financial News, Stock Market Trading, the Best Stocks for the Savvy Investor

  • The Nation on Smith Micro Shares Punished for Honesty

    theStockMasters Staff
    6 Nov 2009 | 10:44 am
    Smith Micro Software (NASDAQ:SMSI) shares were punished yesterday by a huge -25% selloff for lowering its forward revenue numbers. Smith Micro shares are picking themselves off the ground in a bloody mess up 2% for a TGIF trading session.  SMSI had a wipe out yesterday of $64 million in market cap. Could the selloff be a bit too much? Since when is being honest and unsure worth 1/4 of your company's share price?  Apparently investors could not handle the truth. read more

  • Women's Soccer Cat Fight

    theStockMasters Staff
    6 Nov 2009 | 9:36 am
    Happy Friday, it's time to kick back, relax, stop thinking about the Stock Market for five minutes and watch this Women's Soccer Cat Fight.  This takes grabbing pony-tails to a whole new level and sport, enjoy. read more

  • Starbucks Shares Jump After-Hours

    theStockMasters Staff
    5 Nov 2009 | 2:32 pm
    Starbucks (NASDAQ:SBUX) has been batting 1,000 lately and after reporting a solid Q4 2009 this afternoon, shares are on a tear up almost 5% after hoursflying in the $20.50 range.  Its anew 52-week high for Starbucks and tomorrow you can bet the rally will continue, SBUX is back baby. read more

  • Loser of the day: Whole Foods Market, Inc. (Public, NASDAQ:WFMI)

    theStockMasters Staff
    5 Nov 2009 | 9:51 am
    Shares of Whole Foods Market, Inc. (Public, NASDAQ:WFMI) are crashing back to reality today, as the stock sheds 13% on dissapointing guidance. (thestreet.com) Has Whole Foods Market "turned the sales corner," as its CEO suggests? Investors don't seem to think so. Shares of the organic grocer are tanking 12% to $28.21 a day after it posted a surge in third-quarter profit. Investors fear continued economic pressure and the price war between grocers will not bode well for the remainder of the year. read more

  • Titanium Metals (TIE) Channeling up

    Eric Cheshier
    4 Nov 2009 | 2:44 pm
    Titanium Metals Corporation (Public, NYSE:TIE) is one of few companies who haven't benefited much from this year's bull run. The reason is because Titanium demand runs in cycles. Notice in the chart on the right, Titanium has literally nosedived in the past 3 years, falling from $30 down to around $8 today. Of course this has a huge impact on Titanium Metals Corporation's bottom line. But there is hope that Titanium prices will pick up, and soon. The commercial aerospace industry accounts for 50% of titanium demand. When Boeing read more
 
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    Random Roger

  • The Big Picture For The Week Of November 8, 2009

    7 Nov 2009 | 4:49 am
    That was the best picture I could get at the NYSE. It was a great time and David Darst is a very nice guy.Index Universe has a post up about iShares wading in to emerging market sector ETFs.Potentially bad news for EG Shares and my friend Richard Kang but probably good news for investors. The EG Shares tend to be very bric heavy which can be useful of course but there are plenty of other non-bric destinations and stocks to buy as well.There is something to be said for emerging market investing that avoids or minimizes BRIC exposure. Obviously I am a big fan of China and Brazil but they do not…

  • 10.2 on the Richter Scale

    6 Nov 2009 | 6:45 am
    As you know 10.2 was the unemployment print and the work force shrunk (meaning more people no longer unemployed using the gubmint's definition).The U-6 was 17.5%.One in ten is "unemployed" and almost two in ten is un or under employed.I typically try to avoid PHD level economics jargon but holy schnikies.These are bad numbers but apparently stocks are ok with it to start. Well, back to breakfast (Starbucks at Broadway and 81st).

  • In NYC Just In Time For The Yankees Parade!

    6 Nov 2009 | 5:15 am
    Sweet!No joke, the vast majority of the time that I have to fly during market hours (we're talking four or five times a year) the market skyrockets. Sorry party people, I'm flying back on Sunday.I'm writing this the Starbucks on Broadway and 81st maybe, eighty something anyway.Given my schedule this will be quick but hopefully useful. In the last few months I've made a few tweaks to the portfolio in an effort to trade more in line with the market but still have plenty of cash and leaving the ever-eroding position in SDS there to grow should/when the market correct down.I've increased…

  • Thursday Tidbits

    5 Nov 2009 | 5:16 am
    By now you've heard about India buying 200 tonnes of gold from the IMF. Alphaville quoted the Indian Finance Minister as saying "the European and US economies had 'collapsed.'" Alphaville also noted that this was "the strongest signal yet that Asian countries are moving away from the US currency."I have no idea if that is the "strongest signal" or how important it really is in the big scheme of things but it is relevant and there will be more things like this in the news from healthier countries. But it is one small thing, not disruptive in a meaningful way, just part of a gradual move to the…

  • Thoughts on Inflation

    4 Nov 2009 | 5:14 am
    If you read enough you can find persuasive arguments for both deflation and inflation. We've have clearly had an asset price deflation and people like Mish are convinced there will be a debt deflation, which would be bad. One bit of clarity about deflation is that prices coming down for certain types of items like computers and TVs due to efficiency and innovation is not really deflation. I'm pretty sure that cheaper TVs is not included when discussing deflation.The case for inflation seems to be more of a looming threat as opposed to right here right now. The actual definition of inflation…
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    Credit Slips

  • Subprime, Exotic or "Crap?" Mortgage Industry Lingo

    Katie Porter
    5 Nov 2009 | 4:00 am
    Former Credit Slips guestblogger Max Gardner is always trying to understand the real mechanics and economics of mortgage servicing. At one of his infamous bootcamps, he had an employee at a now-deceased mortgage servicer share an insider’s perspective on default mortgage servicing. The employee used some terms of art that are pretty revealing of the serious problems in the mortgage industry. For example, servicing technicians who have to load a new set of subprime or Alt-A loans into the system call those loans “Crap of the Crop,” because even on arrival at the servicer all or almost…

  • Evans and Wright on the CFPA: Round 2

    Adam Levitin
    3 Nov 2009 | 8:34 pm
    A couple of weeks ago I wrote a short critique of one piece of a long study written by David Evans and Joshua Wright about the Consumer Financial Protection Agency and funded by the American Bankers Association.  The related blog post is here.  Evans and Wright have responded.   There's a lot that I thought was objectionable or questionable in Evans and Wrights study, but most of it was well within the bounds of reasonable argument.  I have no problem intellectually with arguments that any particular regulation could impose costs that outweigh its…

  • October Bankruptcy Filings Set New Post-2005 Record

    Bob Lawless
    3 Nov 2009 | 11:16 am
    The daily bankruptcy filing rate in October hit 6,200, setting a new record since the 2005 changes to the U.S. bankruptcy law. There were about 130,200 total filings spread over the 21 business days in October. The October filing rate is a 3.7% increase from September and a year-over-year increase of 25.3%. As always, these data are courtesy of Automated Access to Court Electronic Records (AACER) There are two ways to receive this news, both of which have some validity.First is the "glass is all the way empty" approach, that the rise in the bankruptcy rate reflects the poor health…

  • Looking Forward in the Supreme Court

    Bob Lawless
    2 Nov 2009 | 9:56 am
    This just in from our Washington, DC, bureau: the Supreme Court has granted certiorari in Hamilton v. Lanning, No. 08-3009 (10th Cir. Nov. 13, 2008), where the Tenth Circuit adopted the "forward-looking test" for how much a chapter 13 debtor has to pay creditors. The alternative is the "mechanical test" adopted by the Ninth Circuit in an often-discussed and often-criticized decision called Kagenveama.The forward-looking test allows for a more flexible consideration of the debtor's circumstances in the future. The mechanical test, as the name implies, requires only the…

  • How to Fail My Secured Credit Exam Two Different Ways

    Bob Lawless
    2 Nov 2009 | 8:43 am
    By way of Underbelly comes this story from the Seattle Times chronicling the many failures at the now defunct WaMu. Among the stories was that a WaMu banker gave O.J. Simpson a second mortgage on his Florida home despite the existence of a huge judgment lien against Simpson arising out of his civil trial for killing his wife and her friend. Why did WaMu think it could collect the second mortgage? According to the news story, Simpson had put a note in the file saying he did not do it, and therefore the judgment was "no good." OK, that's pretty dumb and, for my students who read…
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    The Big Money

  • Profit Not Satanic, Says Wealthy Banker

    Paul Smalera
    7 Nov 2009 | 12:22 am
    The moment everyone expected but no one was waiting for has arrived: Unemployment is in double digits. The New York Times says that 10.2 percent is a twenty-six year high in the sixty-year history of government record keeping. Only 1982, when 10.8 percent of workers were sidelined, was worse. Dampening the bad news, President Obama signed an extension of unemployment benefits for the jobless, allowing them to spend nearly two full years on the dole. The article dives into the metrics but also the psychology of long-term unemployment. It cites one worker who, after a year and a half, continues…

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    7 Nov 2009 | 12:22 am

  • No Goodwill for Hummers

    Matthew DeBord
    6 Nov 2009 | 3:52 pm
    Over at the New York Times Magazine, “Consumed” columnist Rob Walker has seen a Hummer— the large and often derided, military-derived General Motors SUV that will soon be sold as a brand to the Chinese—in the parking lot of a Goodwill and “smirked.” The implication is that the Hummer owner painted himself (and it’s probably a him) into a financial corner through his purchase of a pricey, gas-chuggin’ monstrosity and must now wear clothes and shoes that other people have worn before him. Or maybe he was just looking for a set of old golf clubs or hoping to pick up a dozen wine…

  • Wonk Watch 11.06.09

    Matthew McKnight
    6 Nov 2009 | 2:16 pm
    Felix Salmon came back earlier this week and has dived right back into parsing the turmoil. Today he addressed the rising unemployment rate—which, as we've learned, is at 10.2 percent, its peak since 1983. Salmon takes the time to draw out the implications of such high unemployment and comes to a rather depressing conclusion. At the first level, he points out that consumer spending will continue to decrease as unemployment increases. Makes sense. And it also makes sense, he says, for the Fed to keep interest rates at or near zero while so many Americans are out of work. And this is where it…

  • Word of the Week

    Caitlin McDevitt
    6 Nov 2009 | 2:09 pm
    The Securities and Exchange Commission has been busy recently looking into all sorts of sneaky-sounding market practices that may be giving some traders unfair advantages over others. This week, SEC Commissioner Elisse Walter told Reuters that she’s increasingly concerned about "sponsored naked access." What’s that? It’s a practice in which brokerages that are certified to trade on an exchange, such as the Nasdaq, rent their access to that exchange to high-speed traders. While trading directly on the exchange is desirable because it’s faster and more competitive, the SEC is concerned…
 
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    Money & Company

  • Gold bulls bet the real crowd has yet to arrive

    Tom Petruno
    6 Nov 2009 | 4:46 pm
    The gold-bull bandwagon is a popular ride, and getting more so every day. The latest big-name investment newsletter writer to wax glowingly about gold’s prospects is Fred Hickey, editor of the High-Tech Strategist letter in Nashua, N.H. What does gold have to do with tech, or vice-versa? Exactly the point: The metal -- which hit another record high on Friday, up $6.40 to $1,095.10 an ounce -- is finding fans among investment pros far afield from the corps of the eternal gold bugs. Hickey actually has been bullish on gold since at least the start of this year (which means he benefits if he…

  • The last analyst says goodbye to FirstFed

    Scott Reckard
    6 Nov 2009 | 2:17 pm
    Paul Miller, the last analyst covering FirstFed Financial Corp., gave up today, saying in a note that “it is unlikely that any value remains for shareholders” of the Los Angeles savings and loan company.The FBR Research analyst had last published comments on the parent of First Federal Bank of California in February, when he advised investors to sell the stock. Back then, Miller valued FirstFed shares at 60 cents; the stock was unchanged at 32 cents today in the over-the-counter market.For FirstFed, which stumbled with its pay-option adjustable mortgages, the issue is no longer existing…

  • 'I'm sorry' Citigroup was ever born, co-founder says

    Tom Petruno
    6 Nov 2009 | 11:51 am
    John Reed, the co-founder of Citigroup, now wants to apologize for creating that monster -- which has become one of the biggest taxpayer-supported casualties of the financial-system crash. In an interview with Bloomberg News, the 70-year-old Reed says he’s "sorry" for his role in forming Citi in 1998, when Reed’s Citicorp merged with Sanford Weill’s brokerage and insurance titan Travelers Group. Reed, who has been publicly expressing regret about the merger since at least April 2008 (when he told the Financial Times that the deal was a "mistake"), also has joined…

  • Productivity soars, and workers wonder: Where's our share?

    Tom Petruno
    5 Nov 2009 | 1:08 pm
    The government’s report today on worker productivity growth in the third quarter shows, yet again, the benefit businesses are reaping from slashing millions of jobs in the Great Recession. Productivity -- output per hour worked -- rocketed at a 9.5% annualized rate in the latest quarter, well above the 6.5% growth Wall Street had expected. Michael Darda, chief economist at investment firm MKM Partners in Greenwich, Conn., put the report in perspective in a research note today: "Productivity growth has exploded upward at an 8.2% average annualized pace during the last…

  • IPO market gets a lift as buyers jump on Hyatt and Ancestry.com deals

    Tom Petruno
    5 Nov 2009 | 11:38 am
    Hyatt Hotels Corp. picked a good day to launch its initial public stock offering: With buyers jumping back into the market on surprisingly upbeat data on unemployment-benefit claims and worker productivity, Hyatt shares are being swept higher. The stock, priced at $25 in the IPO late Wednesday, was up $3, or 12%, to $28 at about 11:30 a.m. PST. The offering of 38 million Class A shares raised $950 million, making it the fourth-largest IPO of the year, according to ipohome.com. But all of the proceeds are going to the Pritzker family, which controls the Chicago-based hotel giant. Bloomberg…
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    Fund My Mutual Fund

  • Blackstone Group (BX) Continues its Recovery; Beats Estimates by 10 Cents

    TraderMark
    6 Nov 2009 | 11:25 am
    As mentioned this morning, we added back to our Blackstone Group (BX) exposure as the stock jumped back over a key moving average on the back of a solid earnings report.  After 7 sessions of purgatory, the stock is in a better position today. Unlike a "widget maker" type of company I will give analysts a lot more leeway for a firm such as this with so many moving parts... however, the difference in revenue between what analysts estimated ($450m) and actual ($603m) is astonishing.  As long as markets hold up, it should allow Blackstone to continue to unload its prospects onto a world…

  • Wells Fargo (WFC) Kicks the Can by Transofrming Option ARM Mortgages into Interest Only

    TraderMark
    6 Nov 2009 | 10:00 am
    If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]].  I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006.  Interest only mortgages? Yep I knew about those.  Alt A mortgages? Yep.  [March 19, 2008: Alt A Mortgages Beginning to Break Down]  But option ARMs?  Wow - eye opening.  In summary these loans are the type where your mortgage payment not only does not cover the interest (as with an interest only…

  • Potential Fly in Bull Ointment: Early Stage Head and Shoulders Formation

    TraderMark
    6 Nov 2009 | 8:25 am
    Many things we are seeing now on the charts are similar to what was happening mid summer.  Many of us (hand raised) were excited about a potential "head and shoulders" formation that was in process of being created.  (what the heck is a head and shoulders? see here) Literally we were a handful of S&P points away from this formation completing but on a fateful Monday Meredith Whitney upgraded Goldman Sachs (GS), the next day Intel (INTC) reported and bears were steam rolled as we went on a 3 month rally. In the past week we've once again broken below that 50 day moving average,…

  • Bookkeeping: Making Some Long Purchases

    TraderMark
    6 Nov 2009 | 7:13 am
    Now that the 2 big news events of the week are out of the way, and thus far the drop below the 50 day moving average looks just like it did in July 2009 - that is, a headfake I'll get back some longs.  I am surprised it is just that easy... we had 5 intraday reversals in 9 sessions during this selloff; in the past that would mean very bad things.  But its a new paradigm of easy money I guess. All the below are stocks that broke back above key resistance areas or never broke down below during this selloff; therefore I can place tight stops and not take too much damage if this is just…

  • Bookkeeping: Adding Some Index Longs on Morning Pullback

    TraderMark
    6 Nov 2009 | 6:49 am
    Since we broke back north of the 20 day moving average yesterday on the S&P 500 I reluctantly must stash the bear costume and temporarily change course; I used this morning's selloff to cut one of my 2 hedges (I was short the TNA ETF) for about a 5% loss; we had about  a  4% allocation coming into the morning.  We still hold that long term insurance policy (January SPY puts) that we added early in the week, which already is looking like the Titanic. ;) I've replaced the TNA short with a 5%ish allocation of TNA long and 5% exposure to SPY calls (November 106s) SWGKC which I…
 
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    Everyday Finance

  • Launch of a Risky and Perhaps Very Profitable Emerging Markets ETF

    6 Nov 2009 | 4:37 pm
    What do you get when you mix India with Small Cap Stocks? Well, that would be the Market Vectors India Small-Cap ETF according to this week's BusinessWeek print copy. If a broader emerging markets ETF for small caps is any barometer, the SPDR S&P Emerging Markets Small Cap ETF (EWX) is up 80% YTD. Compare that to 59% for iShares MSCI Emerging Markets Index (EEM) a comparable proxy for emerging markets stocks (refer to this list of all Emerging Markets ETFs) and 18% for the S&P500 (SPY).Of course, with massive returns like this comes greater volatility and risk of implosion. If you…

  • The Carry Trade - What is it? How to Play it?

    4 Nov 2009 | 7:00 pm
    There's been a lot of press lately about the Carry Trade, and like all catchy trends in the investing world, by the time it's a routine fixture on CNBC and blogs, the smart money's been made and retail investors are left holding the bag when the bubble bursts (anyone recall housing 2007, oil 2008?). Conversely, the trend is your friend and given the continued decline of the US dollar of late, we may very well see this trend continue for months. In a flat or downward stock market following a 60% move from the bottom, the carry trade may be a nice place to earn a double digit gain in the…

  • October Highlights - 100% Overnight Trades, Traffic Up 50% and More

    3 Nov 2009 | 7:06 pm
    It was a great October from several aspects:Global equities took a breather for the month, but thanks to some nifty hedging and smart trades, the portfolio continued to run. For instance, just this Friday, I tweeted the following knowing there was a nice binary event in play for Monday:Trade: Spread on HGSI Nov 20/25 on Monday big news. 100% gain or loss by Mon. Details on spreads in recent option post http://bit.ly/2fdOFc-Well, on Monday shares opened up 35% and HGSI hit $28 today for a virtual 100% 2 day gain on the play. Not a bad trade.I'm also working on a hedge strategy that's been…

  • Why do Pharmas Call Themselves Biotechs? You May be Surprised

    3 Nov 2009 | 5:18 am
    There's a particularly annoying trend in the drug business whereby companies that aren't in the biological manufacturing business refer to themselves as Biotechs. To some, this may seem like splitting hairs. To me, it is disingenuous and may be fooling investors into buying into a business model that doesn't live up to its name.My first glimpse of the practice was during my MBA program when I took a course entitled Biotech Commercialization and it was an elective geared toward the Biotech option in the MBA program. I thought I was taking a course dealing with relevant issues facing a…

  • Hottest ETFs Last Week Ended 01-Nov-2009

    1 Nov 2009 | 10:23 am
    Each week, I like to publish the past week's hottest ETFs to share some new trends and niche ETFs out there and give investors some new investing/diversification ideas. Last week, all global markets and emerging markets especially, took a beating. As such, the short index ETFs were on fire. While going long on a leveraged short ETF is obviously not a sustainable "investment" strategy, for traders anticipating a correction, they were rewarded handsomely. Aside from the 3X short daily balanced ETFs that performed well, I also included some other ETFs that don't employ 3x leverage that at least…
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    BloggingStocks.com

  • Despite stock's sluggishness, Hess remains a buy

    Joseph Lazzaro
    6 Nov 2009 | 2:30 pm
    Filed under: Stocks to BuySo far, institutional investors (IIs) have not noticed that Hess Corp.'s (NYSE: HES) upstream operations (exploration and production) should benefit from high oil prices in the $80 per barrel range. But the argument here is that eventually they will, preferably starting in early 2010, which is why I'm reiterating my Buy rating for the company, first recommended on April 22, 2009 at a price of $50.41. Right now, IIs are fixated on the lower margins of downstream operations, which Hess and other refiners are coping with, as a result of recession-induced sluggish U.S.

  • Senator Sanders proposes legislation to break up large banks

    Connie Madon
    6 Nov 2009 | 2:00 pm
    Filed under: Management, Industry, Market matters, Money and Finance Today, Politics, Headline news, Federal Reserve, Financial CrisisUS Senator Bernie Sanders, independent from Vermont, is known for his straightforward and unbiased positions. His new legislative proposal is to break up big banks that are deemed "too big to fail." To quote Mr. Sanders: "if an institution is too big to fail, it is too big to exist. We should break them up so they are no longer in a position to bring down our entire economy."Continue reading Senator Sanders proposes legislation to break up large banksSenator…

  • Fed signals low rates will continue 'for an extended period'

    Joseph Lazzaro
    6 Nov 2009 | 1:40 pm
    Filed under: Forecasts, Federal Reserve, Recession, Financial CrisisIs a Fed rate tightening up ahead any time soon? Despite concern that low, real, short-term interest rates are hurting the dollar. Don't count on it.First, the U.S. Federal Reserve wants to encourage banks to lend -- for auto purchases, and especially for business loans -- and nothing prompts banks to lend, even in tighter capital times, like low-interest-rate or zero-interest-rate money.Continue reading Fed signals low rates will continue 'for an extended period'Fed signals low rates will continue 'for an extended period'…

  • CBS challenged in Q3, waiting for better advertising climate

    Steven Mallas
    6 Nov 2009 | 1:20 pm
    Filed under: Earnings reports, Television, General Electric (GE), Walt Disney (DIS), CBS Corp 'B' (CBS), News Corp'B' (NWS), Media WorldShares of CBS (NYSE: CBS) are no longer rolling around in the pits of equity hell. Do you recall when they were trading around $3 per share? Nasty time it was. Amazingly, as I write this, CBS is hovering near a 52-week high. They are well over $12 in value. Yet, when I look at the latest earnings report, I don't feel as upbeat as the market. According to the press release (the link goes to a .pdf file), revenues were flat for the third quarter and adjusted…

  • Closing Bell: Unemployment must not be relevant (GE, ACOM, FNM, ZIOP, MOT, NVDA)

    Jon Ogg
    6 Nov 2009 | 1:00 pm
    Filed under: General Electric (GE), Motorola (MOT), Federal Natl Mtge (FNM)Today was a surprise considering the news. There was not great economic news to hang on, particularly considering that the 10.2% unemployment was the worst reading since 1983. As the market did not crater and as it went positive throughout the day, it almost felt as though the 10.2% of the officially unemployed don't matter to the economy as everyone keeps noting the 'lagging indicator' effect. Still, stocks held their own for most of the day and where the real direction for the end of the day bells felt uncertain…
 
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    AOL: Financial Crisis

  • Happy National Boss Day Steve Jobs

    16 Oct 2009 | 10:45 am
    It's National Boss Day and to celebrate it, DailyFinance honors three company bosses who actually earned their pay and position by guiding their companies through the financial crisis.

  • BofA Struggles With Loan Losses

    16 Oct 2009 | 5:20 am
    Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise.

  • Dow 10,000: Enjoy It While You Can

    15 Oct 2009 | 10:16 am
    Dow 10,000 has arrived, so pop out the champagne, but be wary. Breaking the key psychological level of Dow 10,000 is one thing. Holding onto those gains is quite another.

  • Attention Shoppers: Food Prices Set to Rise

    15 Oct 2009 | 10:12 am
    If there's any silver lining to a recession -- albeit a thin one -- it' s that consumer prices typically go down. Make no mistake, deflation is a sign of a sick economy, but at least the net effect of cheaper prices for the basic necessities -- food, clothing and shelter -- helps folks get by when they are struggling to make ends meet. But consumers should brace themselves for things to change, especially at the supermarket.

  • Citi Profit Report Disappoints Investors

    15 Oct 2009 | 9:42 am
    Despite a better-than-expected profit report, Citigroup shares slide before the opening bell. Details to come.
 
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    AOL: Bonds

  • Troubling jobless number

    6 Nov 2009 | 9:00 pm
    NEW YORK (AP) - For people looking for a bright spot in October's unemployment report, there's this: most of the decline in jobs was accounted for by teenagers and the self-employed.

  • Unemployment nears 10 pct as rebound remains slow

    5 Nov 2009 | 9:00 pm
    WASHINGTON (AP) - The monthly employment report due out Friday isn't expected to remind anyone of an economic rebound, even though data suggests one's under way.

  • Budget

    5 Nov 2009 | 9:00 pm
    Update:RECASTS. Expands from BC-Jobs with new elements, reaction.@< ^Eds:Moves Business and General. With BC-Jobs, BC-Jobs-Provs, BC-Jobs-Cities.@< ^INDEX: Economy, Business, Labour, FinServices@< ^HL:Is Canada still in recession or in mother of all jobless recoveries?@< ^By Julian Beltrame@< ^THE CANADIAN PRESS@

  • Treasury OKs another firm for toxic asset program

    4 Nov 2009 | 9:00 pm
    WASHINGTON (AP) - Investment company RLJ Western Asset Management LP has raised enough money to join with the government in buying toxic assets held by banks, the Treasury Department said Thursday.

  • Treasury expects debt limit will be hit in Dec.

    3 Nov 2009 | 9:00 pm
    WASHINGTON (AP) - The Treasury Department now expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated.
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    AOL: Investing

  • Important RSS Feed Update Information

    6 Nov 2009 | 11:48 am
    Please read this article for important information regarding this RSS Feed.

  • Is It Time to Jump Back Into Stocks?

    15 Oct 2009 | 2:31 pm
    Now that the Dow has remained above the psychological 10,000 mark for two consecutive days, many investors may be wondering whether it's time to dive back into the market. Here are a few key points to consider before adjusting your portfolio.

  • Harrods to Sell Gold Bars

    15 Oct 2009 | 10:42 am
    Glittering bait for the well-heeled shopper: Harrods department store has added gold bars to its merchandise line.

  • Dow 10,000: Enjoy It While You Can

    15 Oct 2009 | 10:16 am
    Dow 10,000 has arrived, so pop out the champagne, but be wary. Breaking the key psychological level of Dow 10,000 is one thing. Holding onto those gains is quite another.

  • Soros to Invest $1B in Green Energy

    13 Oct 2009 | 3:08 am
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    AOL: Oil Prices

  • Heating Oil Costs Start to Warm Up

    16 Oct 2009 | 4:26 am
    Here's a great example of why they're called futures markets and not presents markets: There's plenty of heating oil to go around -- indeed, inventories are at their highest level in nearly three decades -- and yet prices are going up.

  • Oil Demand Seen Rising Amid Recovery

    13 Oct 2009 | 6:12 am
    Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday.

  • OPEC Sees Oil Demand Rising in 2010

    13 Oct 2009 | 5:22 am
    OPEC says world oil demand is projected to grow by almost 1 percent in 2010 amid improvements in the global economy.

  • Prominent Investor Predicts $200 Oil

    12 Oct 2009 | 3:18 am
    Prominent investor Jim Rogers, also a commodities bull, insists that oil will move above $200 at some point during the bull market. Rogers' argument is no different from that of most other commodities bulls who predict that a rapid recovery in the global economy will hit oil supplies with unprecedented demand.

  • Citi Sells Unit With $100 Million Trader

    9 Oct 2009 | 10:25 am
    Occidental Petroleum will buy Citigroup's oil and gas trading unit Phibro for $250 million, the companies said Friday
 
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  • INDEX:Finance

    5 Nov 2009 | 9:00 pm
    HL:Canadian dollar is trading at 93.47 cents US, down 0.36 of a cent at 11 a.m. ET@< ^THE CANADIAN PRESS@

  • Dollar choppy after unemployment tops 10 percent

    5 Nov 2009 | 9:00 pm
    NEW YORK (AP) - The safe-haven dollar got an immediate boost Friday after the government said the U.S. unemployment rate rose above 10 percent, but then gave back its gains in choppy trading as investors figured that a weak economy meant the Federal Reserve would keep interest rates at their current near-zero range for a long time.

  • Dollar and precious metals at a glance

    5 Nov 2009 | 9:00 pm
    NEW YORK (AP) - Key currency exchange rates Friday, compared

  • Entrepreneur donates $1M to Nebraska public TV

    5 Nov 2009 | 9:00 pm
    LINCOLN, Neb. (AP) - A Lincoln technology entrepreneur has given $1 million to a Nebraska Educational Telecommunications fundraising drive.

  • Euro up slightly at $1.4877 in European trading

    5 Nov 2009 | 9:00 pm
    FRANKFURT (AP) - The euro rose against the dollar Friday ahead of crucial U.S. jobs data.
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    The investment blog

  • What China might learn from India | Advantage zyaada

    zyakaira
    27 Oct 2009 | 12:21 am
    A First rough draft  I hate writing influencing stuff for these ‘namakool’ government people..a true laissez faire capitalist as bollywood would say today – but much as I like to disappoint wooden leg intelligentia (sorry Saugata, not you) and unfortunate colleagues who cannot see the depth and incisiveness of my decisions ( only some times, as most of my followers and poachers would attest from the last 15-20 years, i have quite some intellectual property when it comes to establishing the kingdom’s fine traits and setting up the next wins.  Well, this introduction…

  • Dual Listing requests and other cultural ‘absurdities’

    zyakaira
    25 Oct 2009 | 2:41 am
    Global businesses must have more of these war stories. We will see them again. If only that European and now African businesses are using recessionary conditions and development as excuses to bring down their hammer on the world. For this, they are using parochial and hithertho untenable institutions / policies that were at the root of all the misdemeanours of socialism and then for some of the backwardness of France, Western Europe and the black Continent that they successfully colonialised 200 years ago. MTN is not the onl one from South Africa. There is going to be more than one Dubai…

  • Let’s see some Temasek muscle

    zyakaira
    24 Oct 2009 | 8:23 pm
    India WSJ reports today that Temasek is planning to add to its investments in India and China. Temasek recently completed its bond issue of $1.5 billion (Bloomberg). As of 2007 itself, Temaseks holdings in India included a 5% stake in Airtel and amounted to over 4% of its global portfolio at over $3 billion. It would have risen further in Dollar terms today with SGD having appreciated to 1.394 SGD to USD from 1.71 levels then. They began in India (2004) with a 9% stake pick up in ICICI Bank, then at its vaunted peak, and 7.7% in Matrix Labs. They also bought a 5% stake in Apollo Hospitals and…

  • ING gets to make a profit, Buyer Beware?

    zyakaira
    15 Oct 2009 | 11:47 pm
    The Discussion on Citi, BofA results, GS bonuses and JPM’s growth is scheduled on the same Diwali weekend as well.. The ING Sale: Will OCBC grow into a larger Pan Asian role? ING has sold the Asian private banking business to OCBC, which was having difficulty in growing in Asia but has made rapid strides in expanding in KL and can now focus again on Singapore. The $1.46 billion price ( Sing $ 2 billion) for assets that are not growing is based on the assumed scalability of the asset base of $15-16 billion. The unit was costed for $1 billion for the bank in its balance sheet. The N11…

  • A leg of Tweets – Holiday season, Dow 10K, JPM results.. | gyancafe

    zyakaira
    15 Oct 2009 | 12:53 am
    Funding new infrastructure..a global imperative The new USA with new infrastructure « Obamanomics http://bit.ly/3kSJ2k about 3 hours ago from HootSuite Apple is not going to ruffle anyone as Windows 7 brings $MSFT back into the game (by the by, just to wake up your senses before dinner ..) about 5 hours ago from HootSuite Two-thirds of Superbowl AD inventory was sold/booked even before Week 1 of NFL..and there is six more months for the “new” network CBS about 6 hours ago from HootSuite Dow 10K definitely took its time coming! G’night all about 13 hours ago from HootSuite…
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    Mercantile Commercial Capital Blog

  • Happy Halloween from the SBA 504 Experts

    admin
    30 Oct 2009 | 9:21 am
    If you haven't figured out by now that the MCC Family is a fun bunch of people, you must be new to this blog and/or our marketing. We play just as hard as we work (and our Clients can tell you just how hard we work!). Here's a picture of our crew in costume earlier today:] (To see more photos from our day of Halloween fun go to our Flickr page) Later on, we're doing a “family potluck” and then we'll have all our kids come by for some trick-or-treating. Halloween's a fun time for us, and I wanted to share it with you. If you have any fun Halloween traditions or…

  • Some Friday Fun from the SBA 504 Experts . . .

    admin
    23 Oct 2009 | 12:19 pm
    It's Friday and the end of another long workweek is upon us. To end it on a good note - - and start the weekend right - - my staff and I have thrown together some of the outtakes and deleted scenes we had left over from the filming of The MCC Office. Just click play on the video below: The first three episodes are still up at www.TheMCCoffice.com, so if you haven't watched them yet, or if you want to watch them again and again, you can do so. All I ask from you is to share it with anyone and everyone who would enjoy a good laugh today (I'm sure you know somebody who's had…

  • SBA Loan Programs Need Bear Grylls-like Help

    admin
    22 Oct 2009 | 8:33 am
    If the French Can Do It, Surely We Can Too! (more on that in a minute) Last night, my wife and I took our two young children — ages 6 and 8 — to our “part-time” church (since we spread our visits among three) to hear TV star and faith-filled survivalist, Bear Grylls, speak about his adventures. While I was impressed with his humility and straight-forwardness, I was particularly struck by his explanation for why he accepted his recent appointment as the Chief Scout (head of the Scout Association — previously known as The Boy Scout Association): “Kids are never short on…

  • Changes in Washington, but still same old Small Business Administration

    admin
    21 Oct 2009 | 9:55 am
    I wrote an opinion piece a little while back about changes that have been made to the SBA recently. They've been helpful, but not enough to have the major positive impact that small and mid-sized businesses need so badly. The Orlando Sentinel picked it up and published it on their website last week. If it seems a little dated, it's because I wrote it back in August and it's just now getting some attention. Later today, President Obama will address the lack of credit that's affecting lots of business owners these days. I'm interested to hear what he has to say, and you…

  • SBA 504 Interest Rate Hits All-Time Low . . . AGAIN.

    admin
    16 Oct 2009 | 7:09 am
    The 20-year fixed interest rate on SBA 504 loan projects has hit a new record low . . . and this is the fourth time it's happened in the last six months. I feel a bit like a broken record - - every time I turn around I'm blogging about this, emailing someone about it, or talking to another financial news outlet about it - - but this really is a HUGE deal. This is the first time the 20-year fixed interest rate on SBA 504 loans has dropped below 5.00% — to 4.86%. I know you've heard this from me time and again, but RIGHT NOW really is the best time to purchase commercial…
 
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    MoneyRates Blog

  • Fannie Mae Tax Credit Debate Indicative of Tangled Web

    Andrew Freiburghouse
    5 Nov 2009 | 9:20 am
    In one of the more interesting bank stories of the new century, investment bank Goldman Sachs and renowned investor Warren Buffett want to buy $3 billion worth of federal tax credits from Fannie Mae, the government-owned mortgage finance company. Government regulators are unsure of the fairness of such a deal because the tax credits would reduce [...]

  • Bank Reform Debate Continues Even as Recovery Continues

    Richard Barrington
    4 Nov 2009 | 5:36 am
    It’s not surprising that former Fed Chairman Paul Volcker has voiced the opinion that banking reform must include the break-up of large institutions, including the separation of commercial and investment banking operations. However, having John S. Reed’s voice join the same chorus is really reason for pause. Paul Volcker’s regime as Fed Chairman was strikingly different from that of [...]

  • Reverse Mortgage Scammers Being Driven Out of the Industry

    Andrew Freiburghouse
    3 Nov 2009 | 9:33 am
    Like cockroaches scattering when you turn on the lights, reverse mortgage scammers are running scared. This migration is partly due to laws and lawmakers intent on preventing reverse mortgage scams, and perhaps more largely based on the ready availability of honest, comprehensive reverse mortgage information on the Internet. Reverse Mortgage Protective Measures The most popular form of reverse [...]

  • Bank Rates At Risk When Stock Market Falters

    Richard Barrington
    2 Nov 2009 | 5:52 am
    It was more tricks than treats for the stock market as the month of October wound down, but if bank depositors think the stock market’s woes don’t concern them, they may also be in for an unpleasant surprise. The Dow Jones Industrial Average had four days with losses of a hundred points or more in the [...]

  • Will New Bank Regulations Protect Your Savings Account? If So, How?

    Andrew Freiburghouse
    29 Oct 2009 | 12:38 pm
    Treasury Secretary Timothy Geithner testified before Congress this morning on the topic of new bank regulations being discussed by the Democrat-controlled Congress, led by Barney Frank of Massachussetts. Conservative investors who are seeking to protect retirement savings are understandably interested in the outcomes of these discussions. When you have spent your life saving money in savings [...]
 
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    New Rules of Investing

  • Insiders vs. Outsiders: Why Raj Rajaratnam is no Martha Stewart

    26 Oct 2009 | 5:45 am
    Martha Stewart was a billionaire in 2001.  She floated her own media firm, Martha Stewart Living Omnimedia, on the New York Stock Exchange in 1999 and witnessed her stock price double just on the first day it began trading.  Her T.V. shows combined with magazines and a home furnishing line were just hitting their stride.  She was the queen and dominated the smart, simple and fresh themes that she presented in her suggestions for lifestyle, cooking, and organization. Unfortunately, calamity stuck and Stewart went from champ to chump literally over night.  According to the U.S. Securities…

  • kaChing goes kaching with new money management fxn

    Zack Miller
    19 Oct 2009 | 5:53 am
    kaChing announced yesterday (rather quietly — strange) that they have indeed — after months of discussion — launched their investment management arm.  What that means is that investors can open up an Interactive Brokers account to mirror the activities of portfolio managers on kaChing. From board member Andy Radcliffe who posted on kaching’s blog yesterday: We now enable you to “invest like a Genius” in your real brokerage account.  On kaChing, a Genius is an investor who, not surprisingly, earned an Investing IQ greater than 140, built a track record over more…

  • Where the Wild Things aren’t: mass affluent leaving brokers

    Zack Miller
    15 Oct 2009 | 7:56 am
    Interesting data regarding mass affluent investors coming out of the Spectrem Group, as reported by Investment News today. According to the study: only 22% of mass affluent investors — those with a net worth of $100,000 to $1 million — now rely on a broker as their primary financial adviser, down from 30% just one year ago. Independent advisors picked up some of these defectors as clients, but most just appear to be going it alone. This shift represents the first time in the eight years that Spectrem has tracked this data that brokers were not the primary option for mass affluent…

  • With BusinessWeek, Bloomberg takes aim at Dow Jones

    14 Oct 2009 | 5:30 am
    Everyone’s out reporting that Bloomberg, after being rumored as a suitor to pick up trouble biz mag, BusinessWeek, actually closed the deal for a rumored $5 million, an assumption of debt that amounts to over $30 million and a burn-rate of over $800,000/week. Couple of salient points here: Integration issues: Bloomberg has grown with a “build, not buy” mentality.  It will be interesting to see how Bloomberg, the company, reacts to assuming legacy employees from a very traditional publishing house, McGraw-Hill (MHP). Web presence: I’ve always felt that one of the most…

  • Broker/Dealers receive wrist slap for helping hedgies skirt taxes

    12 Oct 2009 | 3:12 am
    Bloomberg reports today that Citigroup agreed to pay $600,000 in fines related to a charge Finra brought against the bank.  The regulator claimed that Citigroup didn’t properly supervise specific transactions of foreign clients to skirt paying taxes on dividend payments. According to the Bloomberg article: Investigators at the Financial Industry Regulatory Authority, which polices almost 4,800 U.S. firms, found Citigroup Global Markets failed to supervise the system of trades and swap contracts and inadequately monitored certain communications. Well, not exactly innocuous.  What…
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    TradePub: Finance

  • Inside-ERP Finance Accounting Solutions Buyer's Guide

    5 Nov 2009 | 1:50 pm
    This step-by-step guide includes important decision-making considerations such as benefits and costs across some of the top Finance & Accounting solution providers for small to midsize companies.Request Free!

  • Inside-ERP Finance Accounting Solutions Comparison Guide

    5 Nov 2009 | 1:50 pm
    Inside-ERP Finance Accounting Solutions Comparison Guide lines up the key vendors in the market and compares the most important factors in purchasing Finance & Accounting solution software and services for small to midsize companies.Request Free!

  • Hedge Your Currency Risks Foreign Exchange Risk Management

    5 Nov 2009 | 1:50 pm
    Ensure that the success of your business depends on its operations and not unpredictable economic factors and volatile currency rates. Hedge your currency risks – Learn how.Clear up the top 3 myths associated with currency hedgingLearn how to identify and mitigate your company's FX risksDiscover the key elements for a successful FX risk management strategyProtect your company from changes in an uncertain economyRequest Free!

  • Cash is King: Minimizing Audit Risk to Protect Cash Flow

    3 Nov 2009 | 1:20 pm
    Tax audits are increasing in pace, scope and severity as a result of the economic conditions. This paper:Discusses the new burden of transaction tax compliance, with an eye towards helping businesses preserve cash before, during and after a tax audit.Examines the rising internal costs of compliance as a result of the current economic downturn.Provides a roadmap for how companies can be proactive in preserving precious cash as they meet their mounting compliance obligations.Request Free!

  • 5 Things You Need to Understand About Your Nexus Footprint

    3 Nov 2009 | 1:20 pm
    Download this white paper from Sabrix and Yetter Consulting Services, Inc. to learn how tax authorities are becoming more aggressive in seeking out revenue by targeting out-of-state companies for new sources of tax. Understand how to monitor your business activities as well as how states enforce nexus. Lastly, learn what you can do if you have identified nexus and how outsourced sales & use services can help you with your increased nexus footprint.Request Free!
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    The Daily Bail

  • Bernie Sanders Introduces "Too Big To Fail, Too Big To Exist Act"

    DailyBail
    6 Nov 2009 | 2:57 pm
    Leave it to the only avowed Socialist in the U.S. Senate to fight battles against Bailout Socialism.  Bernie is fed up with too big to fail, so much so that today he officially introduced a remarkably simple 2-page bill aptly named the "Too Big To Fail, Too Big To Exist Act." Watch

  • Should I Stay With Buy And Hold? (Song)

    DailyBail
    6 Nov 2009 | 2:00 pm
    Song: Stockbroker Gregg Somerville Presents Should I Stay With Buy And Hold? We've added a second song from Gregg inside. Watch Bailout Song Collection

  • Jon Stewart Channels Glenn Beck -- The 11/3 Project

    DailyBail
    6 Nov 2009 | 10:33 am
    Video: The 11/3 Project - The Daily Show's Jon Stewart Channels Glenn Beck - November 5 There's a war going on in America, and the stakes are nothing less than Glenn Beck's internal organs. It's Friday so enjoy some comedy.  Love or hate Glenn Beck, this is funny stuff. Watch Financial Comedy Collection

  • A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up

    DailyBail
    5 Nov 2009 | 2:48 pm
    How The FRBNY's President Tim Geithner And Chairman Stephen Friedman Demanded Par For Goldman Sachs And The Rest Of Wall Street And Then Tried To Cover It All Up

  • Goldman Whistleblower Nomi Prins Talks Banking Heist With Tavis Smiley

    DailyBail
    5 Nov 2009 | 8:58 am
    You know Nomi.  The former Goldman Managing Director turned journalist-author is a whistleblower of sorts, who seems to relish spitting in the face of the Vampire Squid.  Just who gets busted in this clip?  That would be Larry Summers, Tim Geithner, Bernanke and Paulson, for starters.  This one is enjoyable.  We have the transcript and video.  Runs 8 minutes. There's been a tremendous subsidy for the banking industry from Washington and a lot of it, I feel, has kind of been extorted on the back of public money in order to prop up a lot of the risk and a lot of…
 
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    Taking Charge: CreditCards.com

  • Emily's list: Albert Camus edition

    Some of us can relate to Sisyphus: We work tirelessly to get our finances in order, but we can never quite make it happen. Read my roundup of the best credit- and debt-related posts in the blogosphere from the past week to get over your financial hump.

  • My credit card life in 4 squiggly lines

    More than a year after having a credit card, I'm left with some musical equipment, a lot of empty calories, plenty of great memories and $600 in debt. This is my credit card life -- in 4 squiggly lines.

  • The Nothing Card lets you buy nothing, pay nothing

    If you've tried everything to get your debt under control, it may be time to consider the Nothing Card.

  • Clothesline debate makes PF carnival

    Laundry blog included in the Carnival of Personal Finance #229: The Candy Edition.

  • Emily's list: Halloween edition

    BOO! It's Halloween, and that means it's time to get scared. But are your bank accounts and credit card statements frightening you instead of haunted houses and horror movies? Read these posts from the best of the personal blogosphere to help you face your financial fears.
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    MoneyWeek

  • Which mortgage is best?

    6 Nov 2009 | 7:50 am
    Competition in the mortgage market is hotting up, with market-beating new deals from Nationwide and Northern Rock. So should you take advantage? Ruth Jackson looks at the best mortgage deals.

  • Tax advice of the week: Claim pre-incorporation expenses

    6 Nov 2009 | 7:45 am
    If you spend money setting up a business before you have formed a company, the person who runs up the expenses must be the one to claim the tax relief. That's a problem if your company wasn't formed when the expenses were incurred. So what's the solution?

  • Four high-quality stocks for the long run

    6 Nov 2009 | 6:29 am
    High-quality stocks with good cash flow, high returns on capital and low debt levels are cheaper than at any point in the last decade, says professional investor Hugh Yarrow. Here he picks four stocks capable of generating long-term shareholder.

  • Share tip of the week: Unloved stock will really take off

    6 Nov 2009 | 6:25 am
    This aerospace company is an unloved turnaround stock that offers substantial upside to patient investors, says Paul Hill.

  • Turkey of the week: Great company, not-so-great stock

    6 Nov 2009 | 6:20 am
    This stock is now trading at near all-time highs. But the company operates in a fast-moving, cut-throat sector, making expensive products in a cost-conscious world.
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    Research Recap

  • Recent LBO Mega-Deals Have Much Higher Default Rates

    Angus Robertson
    6 Nov 2009 | 1:24 pm
    LBOs by Cerberus and Apollo are performing much worse than other private equity deals, while deals by KKR, JP Morgan and Welsh Carson have seen better performance. Excerpts from Private Equity: $640 Billion & 640 Days Later The 10 largest leveraged buy-out deals financed in the 2005-2007 credit market peak have had rates of default or distress that far exceed those of companies not owned by private equity groups—and of other, smaller LBO deals. Six of the 10 biggest LBOs that Moody’s has tracked are considered distressed, and four of those have defaulted. Only three of the biggest…

  • Backtest Indicates Accuracy of Audit Integrity Bankruptcy Risk Model

    Angus Robertson
    6 Nov 2009 | 8:19 am
    Audit Integrity invoked the wrath of Hertz Global Holdings, Inc. (HTZ) for including the company on its list of companies at risk of bankruptcy.  Now Audit Integrity provides more data in support of its approach: Audit Integrity’s new AGR Bankruptcy Risk Model, introduced in September 2009, has been shown to be a highly effective tool in predicting bankruptcy risk. The AGR Bankruptcy Risk Model has an out-of-sample accuracy ratio of 91%. The percentile for the probability of bankruptcy: the AGR Bankruptcy Risk Model provides sufficient advance warning regarding companies’ risk of…

  • Highly Leveraged Borrowers to Compete for Limited Dollars

    Angus Robertson
    6 Nov 2009 | 5:30 am
    Companies to vie for lenders’ attention as $800bn wave of debt comes due in next five years. Excerpts from Refinancing the Buyout Boom: Profiles of Select Leveraged Credits (complimentary download) In the next five years, an unprecedented amount of leveraged loan and high yield bond debt comes due. Each dollar of the more than $800 billion in debt maturing in this period will need to be addressed on a company-by-company and highly negotiated basis. Many, if not all, of the companies that issued such debt have seen deteriorating operations while the credit markets remain selective.

  • Moody’s Expects US Apparel Sales to Continue to Weaken

    Angus Robertson
    5 Nov 2009 | 10:42 am
    Moody’s today reiterated its negative outlook on the US apparel industry “because we expect apparel sales will continue to weaken through the year-end holidays and into 2010, as consumers hold off on discretionary purchases in a still-difficult economy.” Other Highlights of Moody’s Industry Outlook. We don’t expect that holiday 2009 will be as promotional as holiday 2008, because inventories this year should be better aligned with expected demand. However, the consumer has learned that it pays to wait for higher markdowns, and that could pressure retailers to mark…

  • Lloyds Banking Group Better Positioned to Recover than RBS

    Angus Robertson
    5 Nov 2009 | 8:49 am
    It looks like Royal Bank of Scotland Group (RBS)  drew the short straw in the UK government’s latest shakeup of the UK banking sector. As DealBook reported, RBS agreed to sell its insurance business and some bank branches in England, Wales and Scotland to meet European competition rules on accepting state aid. The bank, which is already majority-owned by the British government, will receive an additional government investment of £25.5 billion ($41.6 billion) and accept help in containing potential losses from problem assets. As a result, the government’s stake in the bank will…
 
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    Stock Market Guru

  • Stock Trading Tips & Market News – 5 November

    Stock Market Guru
    5 Nov 2009 | 9:07 am
    Today’s Stock Market Sensex & Nifty (Cash and Options) Free Trading Calls Stock Market Pre-opening Outlook: Yesterday was really the worst day for day traders especially in Nifty. Personally i also had lost few bucks in bounce back after really strong selling pressure till mid session. Nifty was opened 50 points down after following all [...]

  • Sectorwise Shares To Outperform Market – Oct 2009

    Stock Market Guru
    4 Nov 2009 | 3:50 am
    Since March 2009, Indian stock market has gained almost 90% and which is heighest when compared to all global markets. But after such huge gains some pain shuold be expected in market. I have given alert to my donated clients in september 2009 that don’t hold long after diwali. See exactly after new year trading, [...]

  • Stock Trading Tips & Market News – 3 November

    Stock Market Guru
    2 Nov 2009 | 5:44 am
    Today’s Stock Market Sensex & Nifty (Cash and Options) Free Trading Calls Stock Market Pre-opening Outlook: On friday, Indian market opened with really high gains of 70 points due to major support from global market as US growth digits came quite positive and Dow Index closed with 200 points gains. All EU and Asian markets [...]

  • BSE & NSE Day Trading Tips, Stock Market News – 17 August

    Stock Market Guru
    16 Aug 2009 | 8:49 am
    Today’s Stock Market Sensex & Nifty (Cash and Options) Free Trading Calls Stock Market Pre-opening Outlook: On friday, Market opened flat with negative biased and was trading in 4560-4610 range for whole day. EU markets also opened very flat with some positive move. But US markets were opened very weak which dragged EU market in [...]

  • BSE & NSE Day Trading Tips, Stock Market News – 14 August

    Stock Market Guru
    13 Aug 2009 | 9:09 pm
    Today’s Stock Market Sensex & Nifty (Cash and Options) Free Trading Calls Happy Janmashtami Stock Market Pre-opening Outlook: Yesterday as expected market closed above 4600 level with heavy buying interst. All US and EU markets were closed with 1-2% gains and Asian market were trading with marginal gains so i am expecting positive to flat opening [...]
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    Internet Marketing Hot Tips

  • WeNetProfits

    4 Nov 2009 | 10:00 am
    Please may I have your Attention: The first two or three people who will send me a message in my email, will be benefactored in WeNetProfits >>http://bit.ly/31aAJ9 >> with the amount of 59.95 $.They will have the responsibility to continue working seriously with the program and bringing only two referrals of their own, that's it :)Please visit my link, watch the presentation, email me, and if I approve you, you can register. I will then benefactor you to help you start with your own lucrative business !My email: maggie.ebusiness@gmail.comSend a message with Subject: "WNP Benefactored"

  • WeNetProfits

    3 Nov 2009 | 10:18 pm
    WeNetProfits is one of those truly amazing opportunities with a compensation plan so unique, so simple and yet so powerful that it takes our breath away.There are 3 levels of membership; each paying you bigger amounts of commissions.You can get almost 100% of your small joining fee back from introducing just 1 new member...and after that you are in profit.The compensation plan lets you build a 6 figure monthly income...quickly!This is perpetual income and you only pay the joining fees one time for each progressive level that you opt to participate in.WNP has recently launched their Residual…

  • TVI EXPRESS

    5 Oct 2009 | 5:08 pm
    MY NEW BUSINESS ! >>>>>I am very proud to present my new TVI EXPRESS capture page !!http://bit.ly/NTvW5 Join me :)For more information, please visit my blog >>> http://besthomebusinesses2009.blogspot.com/

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    15 Sep 2009 | 11:33 am
    My suggestion:I do my blogs' promotion and all of my businesses' promotion with >>>http://tinyurl.com/nfc5l3Most of the programs have done ...magic to my businesses' traffic !

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    5 Sep 2009 | 5:19 pm
    Internet ResourcesClick Here to Trade LinksJoin Our Links Directory! dmoz.org
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    market folly

  • Leon Cooperman Raises Given Imaging (GIVN) Stake

    6 Nov 2009 | 7:01 am
    In a 13G filed with the SEC, noted investor and hedge fund founder Leon Cooperman has disclosed a 5.4% ownership stake in Given Imaging (GIVN). The filing was made due to activity on October 28th, 2009 and he now own 1,588,409 shares. This is an increase from his 978,709 shares that he held back on June 30th, 2009 as reported in his last filing. Back in September we covered a brief hedge fund panel that he took part in where he shared his thoughts on the market.Leon Cooperman is well known for founding Omega Advisors, a multi-billion dollar hedge fund. Before starting his fund, Cooperman…

  • Philip Falcone Amends 13D on Zapata (ZAP)

    6 Nov 2009 | 6:01 am
    Recently, Philip Falcone's hedge fund Harbinger Capital Partners has filed an amended 13D on shares of Zapata (ZAP). They now show a 51.6% ownership stake in the company with 9,950,061 shares. The filing was made due to activity on November 3rd, 2009 and they ever so slightly boosted their stake by acquiring 61,377 more shares since their last disclosure back in June when we covered their initial 13D filing on Zapata. The most recent 13D also notes that the merger with the newly formed Harbinger Group is in full swing. Those interested in all the details of the deal can check out the full…

  • Paul Touradji Launches Counterattack Lawsuit

    6 Nov 2009 | 5:55 am
    Originally, Gentry Beach and then Robert Vollero sued former employer Touradji Capital claiming they were owed $50 million in unpaid bonuses. Well, Paul Touradji & hedge fund Touradji Capital have sued right back, seeking $250 million as they claim the two men were "responsible for the destruction of millions of dollars of investor capital through a pattern of fraud, breaches of fiduciary duty, mismanagement and utter disregard for the interests of the investors whose capital they were obligated to protect."The Touradji counter-attack took a no holds barred approach visible even from the…

  • What We're Reading ~ 11/6/09

    6 Nov 2009 | 5:50 am
    The periodic table of finance bloggers ~ a great compilation of the best reads out there. [The Reformed Broker]Hunter over at DistressedDebtInvesting.com launches the Distressed Debt Investors Club, definitely check it out [DDIC]Investment banker at the World Series of Poker [Texas Holdem Investing]Choo Beng Lee was insider trading while at SAC Capital [Dealbreaker]The easy money's been made [Barron's]Will swelling fund size crimp stellar performance? [Wall Street Journal]

  • What 100 Trillion Dollars Looks Like (Inflation? What Inflation?)

    6 Nov 2009 | 5:49 am
    With all the talk of inflation down the line as the US Dollar slowly but surely implodes, we thought we'd take a bit of a humorous Friday approach to the topic. Below is a picture of what 100 Trillion Dollars looks like.Well, 100 Trillion Zimbabwean Dollars, that is.(click to enlarge)Inflation? What inflation?One would think that 100 trillion dollars would be quite the spectacle, but it's really not when you have a ten trillion dollar bill. This just goes to show that things can always be worse-off somewhere else, so keep that in mind. Who cares about inflation when you've got hyperinflation…
 
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    Tamela Rich

  • SPAM Tweetup

    Tamela Rich
    4 Nov 2009 | 12:36 pm
    Looking forward to seeing anyone who wants to talk about SPAM in Charlotte Weds, November 11 at 11:30 : Who decides when spam is officially SPAM Making sure you’re not mistaken for a spammer Best practices for email marketing (including newsletters) How to handle spammers By nature, a tweetup is informal, so drop in at Mama Ricotta’s and meet some great tweeple. Not tweeting yet? This group might convince you to give it a twhirl.

  • Working with a Ghostwriter

    Tamela Rich
    2 Nov 2009 | 5:01 pm
    Used to be the word “ghostwriter” conjured images of a wily hack with a battered Olivetti sitting at a Hollywood swimming pool coaxing confidences from a star. Lately the word has gotten traction in the music world (evidently lots of rappers use them). Politicians have always used ghosts — a recent Christian Science Monitor story estimated 90% of politicians’ books are “heavily ghostwritten.” Now businesspeople are convinced they need to be content producers to drive search engine results and keep their names top of mind with customers. This makes my job as…

  • Die Broke Blogger

    Tamela Rich
    30 Oct 2009 | 8:10 am
    Follow your bliss and the universe will open doors where there were only walls ~Joseph Campbell This month I began blogging on small business and the meltdown on the Die Broke blog, part of the StockTwits network.  My focus is helping small business owners deal with creditors, the IRS, family members and their own inner demons. What qualifies me for this assignment? Personal experience. Since shuttering the industrial cleaning businesses in 2007 I’ve continued to deal with creditors (including friends and family), the IRS and a loss of face.  I’ve learned a great deal about…

  • October Book Lust

    Tamela Rich
    18 Oct 2009 | 7:33 pm
    Options Volatility Trading I’ve said before how much I enjoy following my virtual friend Jim Gobetz on Twitter (@aiki14).  Jim is the Managing partner and CIO in a family office based in Philadelphia PA and Wilmington DE. He appears on StockTwitsTV for a pre-market show  M-W-F mornings. Jim tweeted about “Options Volatility Trading” By Adam Warner last week and I asked him to write a review for this month’s Book Lust column.  He graciously agreed: I guess I should begin by stating my bias up front, Adam was one of the first people I found on StockTwits, and I have…

  • End of Email?

    Tamela Rich
    12 Oct 2009 | 2:20 pm
    Interesting article in WSJ about email’s younger, prettier communication sister: social media. For those not using Twitter, Facebook and other means of connecting with the outside world, this WSJ quote explains the difference between them and ye olde email: “We all still use email, of course. But email was better suited to the way we used to use the Internet—logging off and on, checking our messages in bursts. Now, we are always connected, whether we are sitting at a desk or on a mobile phone. The always-on connection, in turn, has created a host of new ways to communicate that…
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    Oil Price

  • Are There Any Realistic Alternatives To Oil And Gas

    6 Nov 2009 | 12:00 am
    As 3rd and 2nd world nations continue to progressively advance toward their goals of joining in on the experience of living the dream of modern society, the world’s demands for energy continue to increase. With serious concerns over confli

  • Silver - Gold's Poorer Cousin Uncovered

    4 Nov 2009 | 12:00 am
    For centuries silver has always played "second fiddle" to its "prettier, more popular cousin," gold. While gold has continued to be the precious metal that everybody wants, loves and adores, wise investors are now beginning to take

  • Interdependence, Integration and Investment:The Ineluctable Need to Find New Emerging Oil Players

    3 Nov 2009 | 12:00 am
    In October 2009, Nobuo Tanaka, Executive Director of the International Energy Agency (IEA), who was presenting at the International Energy Week and at the Oil Congress held in Moscow, predicted a medium-term stabilization of global oil demand in 2010-1

  • How Long Can The Gold Bull Keep On Charging?

    2 Nov 2009 | 12:00 am
    Most financial experts going on record these days seem to agree with the assertion that, at least for now, wise investors in the winter months of 2009 and heading into the spring of 2010, won’t need to travel all the way to the narrow streets Pam

  • The Caspian Fortune Cookie - $12 trillion at Stake; Beijing Happy With "Multiple Pipelines"

    30 Oct 2009 | 12:00 am
    One of the major irritants for international oil companies is when parochial national policies get in the way of their quest for profits. Nowhere is this more evident than in the global feeding frenzy to develop the Caspian’s energy assets.
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    Trading Ichimoku

  • Anhui Tianda Oil Pipe Company Limited (0839) : Very nice Cup and Handle formation

    iam802
    4 Nov 2009 | 10:25 pm
    Previous post on Anhui Tiande highlights the kumo resistance. And indeed, Anhui Tiande hit the kumo and retrace a little. What happens next is it actually forms a cup and handle and when it break through the kumo resistance, it breaks through strongly. Very nice

  • Garmin (GRMN) : Bearish ….

    iam802
    4 Nov 2009 | 7:29 am
    Garmin has very bearish chart today. Like the broader market, Garmin rallies on market open but quickly reverse as its results was released. From $30 to $33, it quickly lose ground and is now back at $30 (before the day ends). From a technical analysis standpoint, this is  a very bearish chart. 1. Candlestick shows Bearish engulment 2. Ichimoku shows bearish cross from the Tenkan sen – Kijun sen cross 3. Price is falling off the kumo (or exiting from the kumo). 4. Leading kumo is showing signs of a twist That’s quite a few confirmation sign of a bearish outlook.

  • Avis Budget Group Inc (CAR) : Swing Play

    iam802
    4 Nov 2009 | 2:48 am
    Avis (CAR) beat analyst estimates by 10 cents and this news setup a pretty good swing trade it. From the Weekly chart, we can see that thick kumo support is around $8. On the Daily Chart,  price action is below kumo with no bullish play at the moment. What could happen moving forward? Given that CAR beats analyst estimates, there should be some upgrades coming forward and that will help push the price up. We may have a bullish play moving forward. At the same time, if we look back at the Weekly chart, the leading kumo starts to thin out and this suggest weaker support in times to come (even…

  • A Review of Trend Trading with Ichimoku on PALM

    iam802
    4 Nov 2009 | 1:19 am
    Here’s a review of how I have traded PALM using Ichimoku. I will provide 2 set of entry and exit prices. You should be able to identify a 3rd set of entry and exit (which will not result in much profit). 1. Entry 1 (Jan 8, 2009) - PALM gap up on news of Elevation Partners investing in it. - The chart shows the price and Tenkan sen, Kijun sen going above the kumo - Let’s assume we got in at the high of the day at 6.58 (Day 1) - Subsequent days did not go below the low of Day 1, so we are not stop out. 2. Exit 1 (Feb 27, 2009) - Tenkan sen – Kijun sen has a bearish cross - We…

  • Cisco (CSCO) : Watch CSCO and its entry into China market

    iam802
    3 Nov 2009 | 7:13 pm
    This news was out 2 days back. Maybe it is because the market is falling and little attention is paid to it. Another reason is the acquisition size is small. However, I think the significance is huge. From Reuters: Cisco Systems, Inc. Announces Agreement To Acquire DVN (Holdings) Limited Set Top Box Business Monday, 2 Nov 2009 06:30pm EST Cisco Systems, Inc. announced a definitive agreement to acquire the set top box business of DVN (Holdings) Limited. Listed in Hong Kong with major operations in China. Under the terms of the agreement, Cisco will pay up to $44.5 million for the set top box…
 
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    INDEX & STOCK OPTIONS TRADING-consistent monthly income

  • Back in the saddle again?

    admin
    IF you are not an Aerosmith fan you don’t know what I am talking about here. Its a great song. Listen to Classic FM stations you will know what I mean. Anyways we had a nasty sell off  in the Stock market and it it made us feel very vulnerable due to the ravages of the market. It wiped out $10,000 of  my own account value in just few days, its not a loss, but a draw down. Its painful. If you felt the same pain, I am with you. There was not  much you can do. Well you can but it gets complicated. The good news today was that GDP rose for the first time since President Obama took office…

  • New trades

    admin
    [Content protected for Gold members only] MEMBERS SIGN IN HERE This content is only available to members. If you are not a member please join today and enjoy premium content. 6 BENIFITS TO SUBSCRIBING TODAY 1.High probability of success with customized trades 2.Lower risk than stock trading or outright options buying 3. State of the art Video Market commentary and timely trade updates 4.Terrific customer service and support 5.Email notifications in your mailbox 6. Additional Speculative day trades and bonus trades as they happen. CLICK BELOW TO SUBSCRIBE

  • Todays earning trade

    admin
    [Content protected for Gold members only] MEMBERS SIGN IN HERE This content is only available to members. If you are not a member please join today and enjoy premium content. 6 BENIFITS TO SUBSCRIBING TODAY 1.High probability of success with customized trades 2.Lower risk than stock trading or outright options buying 3. State of the art Video Market commentary and timely trade updates 4.Terrific customer service and support 5.Email notifications in your mailbox 6. Additional Speculative day trades and bonus trades as they happen. CLICK BELOW TO SUBSCRIBE

  • Current stock Market 10 19 09

    admin
    Here is a quick look at the current stock market update on October 19, 2009. We had a nice rally today and the market is moving higher closing above the long term trend line. AAPL had its earning out today and they blew the doors off. Some other major names are also reporting this week. AAPl has been moving higher in after hours trading above 200. Indexes are getting bit overbought here…Take a look at this video. These are the Videos that you will get when you subscribe to premium service in the members area. If you have not joined click below and join today. MEMBERS SIGN IN HERE This…

  • AAPL Earnings Trade

    admin
    AAPL will report earnings on Monday 19, 2009 after the market close.  AAPl can move several points, so here is the earnings options trading strategy. [Content protected for Gold members only] MEMBERS SIGN IN HERE This content is only available to members. If you are not a member please join today and enjoy premium content. 6 BENIFITS TO SUBSCRIBING TODAY 1.High probability of success with customized trades 2.Lower risk than stock trading or outright options buying 3. State of the art Video Market commentary and timely trade updates 4.Terrific customer service and support 5.Email…
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    Skanderbeg Capital Group Blog - Informative and comprehensive content regarding Capital Markets and Investing

  • Greenscape Announces 100% Acquisition of Environmental Consulting Group

    Bryan
    5 Nov 2009 | 6:00 am
    Greenscape acquires Green.Switch: Bryan Slusarchuk, the CEO and Director of Greenscape Capital Group Inc., and Ryan Skomorowski, the CEO of Green.Switch Capital, sign a Letter of Intent in Vancouver November 4, 2009. Greenscape Capital Group Inc. (TSXV: – GRN) is pleased to announce that it has entered into a letter of intent (the “LOI”) to acquire 100 percent of the issued and outstanding shares of Greenswitch Capital Ltd. (“Green.Switch”) via a share transaction based on Earnings Before Income Tax, Depreciation and Amortization (“EBITDA”). About Green.Switch: Green.Switch is a…

  • An Update from the Greenscape Portfolio Companies

    Bryan
    3 Nov 2009 | 6:30 am
    Greenscape, in addition to its eco-consultancy operation which assists multiple companies in a wide range of industries seeking to green their operations, has equity ownership interests in four companies. Greenscape will provide regular updates to shareholders on the fundamental progress on these holdings. The News: Greenscape Capital Group Inc. (TSXV: – GRN) is pleased to announce the following updates from its portfolio of companies. SheFinds Media (“SheFinds”) Shefinds has recently signed an agreement with Bank of America, one of the world’s largest financial institutions, serving…

  • October Roundup for Skanderbeg Capital

    Tyler Harbottle
    2 Nov 2009 | 9:34 am
    By Tyler Harbottle – Online Communications, Skanderbeg Capital October was a very exciting month for Skanderbeg Capital.  I thought it prudent to provide a quick rundown on what made this month so successful for us. Gold Coin Gold Property Nova gets a big cash refund In late September Nova Uranium (with proposed name change to Secova Metals) announced its 100% acquisition of the Gold Coin gold property in Arizona.  Preliminary evaluation of the property shows some great potential with low-cost, surface bulk tonnage and a very favorable setting. Not long after the announcement of this…

  • Former BC Green Party Leader Joins Greenscape Capital Group

    Tyler Harbottle
    28 Oct 2009 | 6:00 am
    The News: Greenscape Capital Group Inc. (TSXV: – GRN) announced today that former British Columbia Green Party leader, Christopher Bennett, has joined the Greenscape Capital team as a new senior advisor.  Bennett will work closely with the Greenscape Capital executive office to offer his unique green counsel and expertise as the company grows into 2010 and beyond.  He will be nominated, at the upcoming November Annual General Meeting, for appointment to the Greenscape Capital Board of Directors. Bennett has worked extensively with corporate CEOs, politicians and government officials both…

  • Greenscape Capital Group Closes Up %20 on First Day of Trading

    Tyler Harbottle
    23 Oct 2009 | 1:19 pm
    Today was a great first day of trading on Greenscape Capital Group (GRN on Toronto’s TSX Venture Exchange). We appreciate the excellent interest from investors on our opening day! Greenscape shares closed at $0.60 today which is 20% higher than the $0.50 IPO price. Today highlights the transition of Greenscape (www.greenscapecapital.com) from a private company to a publicly traded company. With that, we thank all of our shareholders who participated in the financings that have got Greenscape to where it is today. We now embark on a very exciting stage. In addition to the fact that we have…
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    DealBook

  • Treasury Rejects Sale of Tax Credits to Goldman

    By DealBook
    6 Nov 2009 | 4:58 pm
    As expected, the Treasury Department blocked the sale of Fannie Mae's unused tax credits to Goldman Sachs late Friday, arguing that the government would lose more money on taxes than it would gain from the proposed deal.

  • EBay Settles Suit Over Skype Sale

    By DealBook
    6 Nov 2009 | 4:35 pm
    EBay has formally settled the litigation around its sale of Skype, settling a dispute with the online calling service's founders.

  • Madoff Trustee Drops $279 Million Merkin Claim

    By DealBook
    6 Nov 2009 | 2:42 pm
    The trustee liquidating Bernard L. Madoff's investment firm has dropped a $279 million claim against the New York financier J. Ezra Merkin's hedge funds, which invested one-fourth of their money with the now-convicted swindler.

  • Like Son, Like Father at JPMorgan Chase

    By DealBook
    6 Nov 2009 | 1:44 pm
    Jamie Dimon, chief executive of JPMorgan Chase, no longer has to look very far for parental advice. His father is joining the bank's securities business.

  • Landry's: The New Frankenstein?

    By Steven M. Davidoff
    6 Nov 2009 | 12:46 pm
    The Deal Professor examines the buyout of Landry's Restaurant, a leveraged deal that was terminated in the financial crisis and resurrected from the dead this week.
 
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    Free Credit Scores

  • Credit Repair Help: What You Need To Dispute A Negative Entry

    Tiffani G Peterson
    6 Nov 2009 | 9:02 pm
    Here is some credit repair help - a checklist to help you dispute negative entries on your credit report. Print and save a copy to track your progress. Go to www.annualcreditreport.com and access your credit report from each of the three credit reporting agencies. They’ll want personal details like your date of birth, social security number and two years of prior addresses. You’ll be directed to each of the reporting agency’s websites individually. You’ll have 30 days to access your reports though what you see won’t be updated during that time. Print out copies…

  • How To Get Debt Help - Help Is Out There

    Nick Blake
    6 Nov 2009 | 6:06 am
    Several persons possibly will claim that having a bit of debt is a great thing. Nevertheless having too much debt is never a good thing. In the event that you are looking to get out of debt, there are individuals and places to turn to for help. When starting out, take a look at your finances and see where you are spending your money. See if there are places where you possibly will cut back. Decrease your cable service, cut the amount of times you go out to dinner, lessen the amount of clothes you acquire a month, things of that sort. Sell some things to make some money. Make a budget and have…

  • Get Helpful Information About Credit Score Inside This Post.

    admin
    5 Nov 2009 | 11:50 pm
    credit score is regarded by most financial institutions as a determining factor for giving a credit or a loan. The banks apply it as a basic criterion for defining whether you should be given a credit or not. It is a simple yet great tool which contains only three digits that, nevertheless, give the lender an idea of how the car or house you buy for borrowed money will influence your ability to pay back the loan, insurance, other bills and living. Some where there behind the seals there exists a special mathematical equation which calculates your credit score points. The necessary information…

  • Credit History Repair: What If It’s Beyond Repair?

    Tiffani G Peterson
    5 Nov 2009 | 12:32 pm
    How do you know if you can still do credit history repair? The way people usually play the credit game is that they get credit cards as a young adults, they max them out, they get more cards, they borrow on one to pay the minimum payments on the others and finally they can’t make the payments anymore. Even if you’ve passed that point, you still have options. The major credit history repair options are bankruptcy, debt settlement, debt consolidation, credit counseling or simply changing your spending habits. People often worry how making any changes will affect their credit. The…

  • Credit Repair Secrets: Five Tips To Negotiate The Best Rates

    Tiffani G Peterson
    5 Nov 2009 | 10:58 am
    If you’re looking for credit repair secrets, here are 5 negotiating tips. They work regardless of how good or bad your credit might currently be. Let’s get started. Tip #1 Ask The credit card industry is competitive. They know it too. You can switch from one company to another with a phone call. They want to keep you as a customer so they’re willing to make all sorts of offers if you just call and ask. If you need a reason, tell them because you’ve been a good customer. If that’s not true, tell them you need a better rate to help you financially which is true no…
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    InvestIdeas

  • Interview with Members : Kennynah

    iam802
    31 Oct 2009 | 7:08 pm
    Interview with Kennynah Background a) Formerly in the Info Communications and Telecoms and Government Defence sectors b) Currently, specializing in Human Resources Headhunting (so, PM me, if you want to discuss career opportunities ) c) Invests mainly in US Equities and Derivatives InvestIdeas: How long have you been investing / trading ? Kennynah: I started my trading adventure in 1988. With a small pooled capital among school mates, I was “volunteered” to trade the commodities market, specifically Pork Bellies. The only primary extra-curricula lesson we all learned, was that the…

  • Winston’s Investment Blog : TOL as of Nov 1, 2009

    iam802
    31 Oct 2009 | 7:05 pm
    TOL as of November 1, 2009:- 1) Commodities – What will cause a sharp correction on Commodities ? 2) Shanghai – What will cause a sharp correction on Shanghai ? 3) HK Equities – Positions in Zhongwang, AMVIG, BBMG, China Mobile & Rexlot. 4) HK IPO – Breakeven on Comtec Solar. Yu Zhou to be listed tomorrow. Applied for Excellence, Trinity, Evergrande and Greens. Did not apply for Ming Fa. 5) Spore Equities – Researched Hsu Fu Chi after Barings bought a stake in them. 6) US Equities – Expecting it to be range-bound between 8000 to 10,000. Not expecting a…

  • POLL : What will you do if the market turns this time round?

    iam802
    27 Oct 2009 | 9:07 pm
    With the financial crisis just a year back, what will you do (this time round aif the market turns bearish)? I will appreciate if fellow members can also share how is the actions this time round different from the previous? Thanks Put your votes at the forum

  • Winston’s Investment Blog : TOL as of Oct 24, 2009

    winston
    23 Oct 2009 | 8:38 pm
    TOL as of October 24, 2009:- 1) Commodities – Will not be chasing any Commodity stocks now. I think the Chinese are moderating their stock-piling and I’m also afraid of a short-squeeze on the USD. 2) Shanghai – Rebounded from bottom. Will not chase the A50 2823 in HK. Something similar to the A50, will be launched on the SGX very soon. 3) HK Equities – Have been trading Zhongwang, AMVIG and BBMG. 4) HK IPO – Shenghuan: > 30% return . Already applied for Comtec Solar and Yu Zhou. Have not decided on Excellence, Trinity, Ming Fa and Evergrande. 5) Spore Equities…

  • Transcu Group : Risk of Trading Penny Stock

    iam802
    20 Oct 2009 | 9:05 pm
    I have been thinking about all these penny stocks trading on Singapore Exchange And one thing we know for sure is : - it can be manipulated (because of its low volume) - penny share cost little - the idea of contra It does not take a lot for some BBs to come in and push it up. After all, what is stopping them to buy the share continuously for 3 days and dump it all on the last day? Take a look at Transcu chart before the halt today. See how it is being pushed up and dumped even faster? It is not the entry that will make you rich, but it is the exit that allows you to take your profit or…
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    R. Dean Piccirillo, CFP®, CRPS®, AIFA®

  • Does Your Employee’s Financial Health Impact Your Bottom-line?

    Dean Piccirillo
    21 Oct 2009 | 4:24 am
    Due in part to the housing crisis, high unemployment and the general economic downturn, many American workers are under a considerable amount of financial stress.  The question for the small business owner is, “Does my employee’s financial health and related stress impact my company’s net income?” A Real Impact on Productivity If asked, most employers can think of situations in which the financial difficulties of their employees directly and adversely affected workplace productivity. On a personal level, any of us can certainly appreciate the stress that would be created in…

  • Common Fiduciary Challenges – Part 2

    Dean Piccirillo
    20 Oct 2009 | 4:20 am
    This article is the second in our Common Fiduciary Challenges series.  As a financial advisor who consults regularly with pension clients working with my firm’s retirement plan unit, there are some common issues that arise when consulting with a new client.  This series is designed to highlight some of these more frequently identified issues.  It is not intended to be an all inclusive list of items that should be addressed by an investment fiduciary of a qualified retirement plan.  For a more detailed questionnaire related to pension investment fiduciary matters follow this link. …

  • Retirement Plan Fiduciary Monitoring Checklist/Questionnaire

    Dean Piccirillo
    20 Oct 2009 | 3:42 am
    This quiz will help you determine whether or not you are on the right track as a retirement plan fiduciary.  It is not meant to be an all-inclusive, exhaustive review of every aspect of a sound fiduciary process for a qualified plan sponsor.  This quiz does however cover a number of issues that retirement plan sponsors should consider and may help indicate whether further review of your internal procedures is warranted. Can you confirm that your plan has an up-to-date, IRS approved document that has been properly amended for all the required changes?  You should consult with the third…

  • Monthly Market Commentary: August 2009

    Dean Piccirillo
    21 Sep 2009 | 4:08 am
    Below please find HBK Sorce Financial LLC’s market commentary.  This commentary is not prepared by me directly but is rather a collaborative effort of my firm prepared by our Asset Management Unit and approved by our firm’s Investment Policy Committee.  I hope you find this information useful. Another Positive Month on Low Volume Equity markets were higher for the sixth consecutive month in August, extending the rally that began in early March. The S&P 500 and NASDAQ indices ended the month more than 50% ahead of March lows, with the Dow close behind with a “meager” 45% showing.

  • Common Fiduciary Challenges – Part 1

    Dean Piccirillo
    21 Sep 2009 | 3:02 am
    Common Fiduciary Challenges – Part 1 In my capacity as a professional advisor who consults regularly with plan sponsors, there are some common challenges with plan administration that I frequently encounter when a new client is referred to me. In this article, I will attempt to outline some of the most common deficiencies and what a plan sponsor can do to address them in the most effective manner. Not having a prudent process to select and monitor investment options Plan sponsors have a responsibility to ensure that their employees have a competitive mix of investment options to choose from…
 
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