Tag Archive
How To Reduce Risk In Your Retirement Portfolio
(Money Magazine) — The stock market keeps taking a hammer to the conventional wisdom about retirement investing. Conventional wisdom, circa autumn 2007 (Dow 14,000): You could be retired for 30 years or more. You need lots of stocks so that your money will grow enough to last that long. Conventional wisdom, circa spring 2009 (Dow… »
Message To Entrepreneurs Get Tough
(Fortune Small Business) — Years ago i joined my first business advisory group. I was in my late twenties and had already experienced some success running a picture framing company here in Chicago. At the first meeting I told my story to the other members. One of them, a guy in his sixties, looked across… »
MySpace To Acquire Social Music Network ILike
NEW YORK: Social networking site MySpace said Wednesday that it agreed to buy popular music application iLike for an undisclosed amount.The deal marks MySpace’s first purchase under Chief Executive Owen Van Natta, who took the helm in April. Once the largest social network, the company has struggled to grow its user base since it was… »
Priced To Grow How Costco Got Started
ISSAQUAH, Wash. (Fortune Small Business) — Jim Sinegal was a former Price Club executive. Jeffrey Brotman was a lawyer who had returned from a trip to Paris with a vision of importing a retail concept the French embraced. In 1983 they opened the first Costco, in Seattle. Today the company operates more than 550 warehouses… »
California To End IOUs On September 4
NEW YORK: California will have enough cash to stop issuing IOUs on Sept. 4, almost one month earlier than expected, the state controller said Thursday. That’s also the date when people and companies can redeem their IOUs with the state treasurer.The controller’s office has issued 327,000 IOUs worth a total of 1.95 billion so far…. »
Banks To Collect 385B In Overdraft Fees In 09
NEW YORK: U.S. banks will collect a record 38.5 billion in overdraft fees this year, with nearly all the revenue paid by just 10% of customers, according to a research report released Monday.The windfall is nearly double the 19.9 billion collected in 2000, as overdraft fees drift higher despite the recession, said Mike Moebs, chief… »
Judge To Hear BofA And SEC Monday
NEW YORK: Bank of America and federal regulators will make their case for a 33 million settlement before a U.S. District Court judge Monday afternoon, just days after the judge refused to give his stamp of approval on the deal. The Securities and Exchange Commission reached the agreement last week after it filed charges against… »
How To Save The World At Work
NEW YORK (Fortune) — Dear Annie: Call me an old hippie (I served in the Peace Corps in the late ’60s), but I’ve always wished I could find a job that would let me make a decent living while also doing some real good for someone. I’ve volunteered for local nonprofits all through my finance… »
GM To Launch Buick Plug-in SUV In 2011
TRAVERSE CITY, Mich. (Reuters) — General Motors Co. unveiled plans to launch a plug-in SUV for its Buick brand in 2011, its latest move away from gasoline-thirsty vehicles in response to higher fuel-economy standards.The new five-passenger Buick crossover is expected to be the first commercially available plug-in hybrid sport-utility vehicle by a major automaker,… »
Microsoft To Hire 400 Yahoo Employees As Part Of Ad Plan
NEW YORK: Microsoft has agreed to hire at least 400 Yahoo employees as part of the companies’ new plan to share revenue on Internet search advertising, a regulatory filing showed Wednesday. The software maker also agreed to pay the Internet search engine 150 million over three years to help implement the new partnership, Yahoo said… »