Money market funds reel as yields near zero
Money market funds, an increasingly popular place to park cash, will need to raise fees or close to new money to remain profitable as yields hover at near-zero, according to industry managers
longfellow :: Dec.26.2008 :: General :: No Comments »
Fortis posts $412.1 million loss due to currency deals
Troubled Belgian-Dutch lender Fortis says Wednesday that it has recorded a net loss of 295 million euros ($412.1 million) owing to currency deals and sharp falls in the U.S. dollar and the British pound.
Meltdown 101: Economic crisis comes to the classroom
The financial turmoil that has punished the stock market is impressing teens with the value of conservative, common-sense investing and preparing them to be the financial leaders of tomorrow. There could be hope for us after all.
Executive Pay: Will inflated pay packages get slashed?
Angelo R. Mozilo, whose Countrywide Financial came to symbolize the failings of the mortgage industry, took home more than half a billion dollars from 1998 to 2007, including $121.7 million from cashing in options last year alone. Charles O. Prince, who led Citigroup to the brink of disaster, was awarded a retirement deal worth $28 million. Now, in a show of purported restraint, top Wall Street executives are going without bonuses.
longfellow :: Dec.25.2008 :: General :: No Comments »
Forex Trading Psychology
The key to successful Forex Trading unlike other financial markets, is knowing yourself…
longfellow :: Dec.23.2008 :: General :: No Comments »
Who got bilked in $50 billion scheme?
Bernard Madoff allegedly defrauded huge financial institutions as well as a Nobel laureate, sports figures, politicians and charities through a massive Ponzi scheme.
Q3 Proves Another Tough One for SiRF Financially
SiRF Technology Holdings saw its financial woes continue in the third quarter (Q3) of this year, as revenue for the GPS chipmaker continued to shrink while its losses continued to grow.
5 reasons the Fed is obsolete
Over the past decade, the history-bound central bank has stumbled repeatedly, threatening US leadership in the quest for a new global financial system.
longfellow :: Dec.22.2008 :: General :: No Comments »
5 reasons the Fed is obsolete
Over the past decade, the history-bound central bank has stumbled repeatedly, threatening US leadership in the quest for a new global financial system.
AMD Helps Maximize "Trader Density" in Financial Institutions
AMD (NYSE: AMD) today announced it is improving the visual experience for financial traders while simultaneously helping to reduce power consumption needs for some of the world’s largest financial institutions. The new ATI FireMV™ 2260 2D workstation and desktop accelerator card enhances "trader density" in financial institutions, where IT managers seek to maximize productivity in every bit of workspace, overcrowded with people and hardware, while improving power consumption and cooling needs.
Market Snapshot: With D.C. on holiday, U.S. stocks may get new dose of bah, humbug
Stock investors looking for a little year-end cheer may instead find themselves finishing the holidays with another dose of bah, humbug
longfellow :: Dec.21.2008 :: General :: No Comments »
Q3 Proves Another Tough One for SiRF Financially
SiRF Technology Holdings saw its financial woes continue in the third quarter (Q3) of this year, as revenue for the GPS chipmaker continued to shrink while its losses continued to grow.
longfellow :: Dec.20.2008 :: General :: No Comments »
Goldman Sachs posts $2.1 billion loss
Goldman Sachs suffered its first loss as a publicly traded company Tuesday, serving as yet another reminder that no corner of Wall Street has escaped the ongoing financial crisis.
longfellow :: Dec.19.2008 :: General :: No Comments »
How high earners can grab a Roth IRA
Paul Heck owns EveryHome, A successful real estate brokerage in suburban Philadelphia. The 53-year-old never considered making a Roth IRA part of his retirement plan. While Heck understands the substantial tax advantages of a Roth, he makes too much money to qualify. Recently, however, he got a tip from his financial planner about an upcoming change in the tax law that will allow Heck - and many other business owners - to seize a back-door opportunity to open a Roth.
Breakingviews.com: Murdoch Investors Are Groaning
Though it may count as a corporate finance achievement, Rupert Murdoch’s gambit for Dow Jones has played out poorly for his investors.
AMD Promotes Bob Rivet to Chief Operations and Administrative Officer, Emilio Ghilardi to become Chief Sales Officer
AMD (NYSE: AMD) today announced the expansion of key executive roles. Bob Rivet, former executive vice president and chief financial officer, was named chief operations and administrative officer. Emilio Ghilardi, senior vice president and general manager of sales for Europe, Middle East and Africa (EMEA), will assume the role of chief sales officer at the beginning of 2009.
longfellow :: Dec.18.2008 :: General :: No Comments »
Meltdown To Make Public Transit Costs Rise?
People who rely on public transportation could wind up paying more for it thanks to the financial meltdown.
longfellow :: Dec.17.2008 :: General :: No Comments »
Japan unveils emergency measures on economy
Japan unveiled a package of “emergency measures” for its recession-mired economy, pledging Y4,000bn ($43.8bn) in spending and tax cuts and Y3,000bn in promised credit for companies as well as raising its limit for public fund injections for financial institutions to Y12,000bn
longfellow :: Dec.16.2008 :: General :: No Comments »