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Dow ticks up 7 percent in July Saturday, July 31, 2010 @ 1:06AMNEW YORK - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Corinth looks at budget options Saturday, July 31, 2010 @ 12:27AMCORINTH - Residents can expect cuts to the library budget and transportation services for people with disabilities as city leaders debate the proposed 2010-11 budget. After learning property values declined 1.81 percent since last year, city staff outlined several options during a second workshop session on the budget Thursday night.
Bond Sale Could Net City $3.2M In Savings Saturday, July 31, 2010 @ 12:26AMHARRISONBURG - Harrisonburg stands to save nearly $3.2 million over the long term when it closes on a bond sale next month designed to refinance old debt and provide financing for a road project, city officials said this week.
Shuffle saves $425K for twp. Saturday, July 31, 2010 @ 12:16AMWest Manheim Township officials have used their refinancing savvy to save the township more than $425,000 in the next 20 years.
National Bonds Asian expatriates are biggest buyers Ordinary investors prefer National Bonds Saturday, July 31, 2010 @ 12:13AMThe lean financial times have encouraged more UAE residents not only to go slow on their spending, but to save and invest their income in financial instruments, industry sources confirmed.
Stocks post best month of year Friday, July 30, 2010 @ 11:18PMNEW YORK -- Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish Friday. The market still had its best month in a year.
US stocks move little but have best month in a year Friday, July 30, 2010 @ 10:14PMNEW YORK - Stocks had a fitting end to a choppy July on Friday, US time, as prices seesawed their way to a narrowly mixed finish. But despite the turbulence, this was still the market's best month in a year.Investors had an ambivalent...
Estimate puts PFD at near last year's $1,305 Friday, July 30, 2010 @ 10:01PMThe Permanent Fund dividend payment this fall could be very close to last year's $1,305.
Why four percent for retirement plans? Friday, July 30, 2010 @ 8:32PMWhen retirement planners try to estimate just how much money a couple or individual should take out of their savings annually, their model scenarios often assume a 4 percent annual withdrawal rate. Why is 4 percent used so frequently? Was that percentage plucked out of thin air? No, it actually became popular back in the 1990s. The "Trinity Study" helped popularize the 4 percent guideline. In ...
Krugman contra Hayek Thursday, July 29, 2010 @ 8:08AMThe concept of the liquidity trap is the keystone of Krugman's thesis, according to which the rules of the game change when there is a lack of private investment.
Dover Motorsports, Inc. Reports Results for the Second Quarter of 2010 Thursday, July 29, 2010 @ 8:02AMDOVER, Del.----Dover Motorsports, Inc. today reported results for the three months ended June 30, 2010.
AMR Agrees to Give Evidence Against Other Carriers, Including About Canada Thursday, July 29, 2010 @ 7:57AMAMR Corp. ’s American Airlines agreed to give evidence against other carriers and pay $5 million to a group of freight shippers to settle a New York class-action lawsuit over its role in a global price-fixing cartel.
Tight returns Thursday, July 29, 2010 @ 7:19AMOptions for savers trying to pocket higher interest
Bank of Baroda tops best-buy savings tables Thursday, July 29, 2010 @ 6:10AMBank of Baroda, a little-known Indian bank, is topping the savings best-buy tables with fixed rates of up to 4.9% Most Brits have probably never heard of it, but Bank of Baroda has this week set its sights on becoming a leading player in the UK savings market. The bank, India's third-largest with 36 million customers across the globe, has launched a range of best-buy fixed-rate savings accounts ...
BlackRock Avoids Today's U.K. Indexed Bond Sale Amid Pension `Confusion' Tuesday, July 27, 2010 @ 5:15AMBlackRock Inc., the world’s biggest asset manager, probably won’t buy U.K. inflation-linked bonds at today’s sale amid “confusion” about the government’s planned changes to pension indexing.
The policy mix from hell Tuesday, July 27, 2010 @ 5:12AMThe increasing divergence of the economies of the United States and the European Union, and the sluggish statistics coming out of the former, point to one inescapable conclusion: the US policy mix, in fiscal, monetary and regulatory areas, has been uniquely bad.
Levin defends jobless extension, auto bailout Tuesday, July 27, 2010 @ 4:53AMUnemployed workers from Macomb and Oakland counties expressed their frustration in finding jobs during a visit with Congressman Sander Levin .
Menasha Joint School District finalizes cuts to paraprofessional staff Tuesday, July 27, 2010 @ 4:28AMMENASHA The school district will have fewer paraprofessionals and some restructured positions will no longer qualify for insurance under a cost-saving staffing plan for 2010-11 that was approved Monday.
Bank Stress Tests Start to Reassure Tuesday, July 27, 2010 @ 3:42AMLike so many other official attempts to extinguish the Continent’s sovereign debt crisis, the bank stress tests whose results were announced Friday struck critics as timid, inadequate and overloaded with compromise — typical Europe, in other words.
BBVA May Say Quarterly Profit Fell Amid Spain Slump, Higher Funding Costs Tuesday, July 27, 2010 @ 3:37AMBanco Bilbao Vizcaya Argentaria SA , Spain’s second-biggest bank, may report lower second-quarter profit after Spain’s worst recession in 60 years dented credit demand and drove up lenders’ funding costs.
Utility sale survives political battle Tuesday, July 27, 2010 @ 2:45AMDeal to transfer water and sewer operations to Citizens Energy passes council 19-10; next: review by regulators
Lions honor Peace Poster Contest winners Tuesday, July 27, 2010 @ 1:57AMFITCHBURG -- Students at St. Bernard Elementary School were recently recognized by the Fitchburg Community Lions Club for their participation in the 2009-2010 Lions Clubs International Peace Poster Contest with a pizza party and presentation of
If you're 25, you should get a statement Tuesday, July 27, 2010 @ 1:29AMIf you are at least 25 years old and not yet receiving benefits, you should receive your annual Social Security Statement about three months before your birthday.
National Silent On Local Government Bond Bank Monday, July 26, 2010 @ 9:08PMLabour Leader Phil Goff says Government action has stalled on the Capital Markets Development Taskforce recommendation to set up a local government bond bank.
Levin outlines jobs bills for unemployed Monday, July 26, 2010 @ 7:24PMMADISON HEIGHTS -- Unemployed workers from Macomb and Oakland counties expressed their frustration in finding jobs during a visit with Congressman Sander Levin .
Bank Credit Risk Drops to Three-Month Low After Stress Tests Monday, July 26, 2010 @ 5:49PMThe cost of insuring against losses on bank bonds dropped to an almost three-month low after stress test results provided greater-than-expected transparency about how much sovereign debt European lenders hold.
Find Unclaimed Money or Property that Belongs to You [Personal Finance] Monday, July 26, 2010 @ 4:20PM# personalfinance The phrase "unclaimed money" may sound like the beginning of any number of spam email you've received and deleted, but unclaimed money and property are out there, and finding out whether you're owed either is just a few web searches away. More »
Credit Deflation UK Monday, July 26, 2010 @ 4:17PMCredit deflation just hit the UK for the first time on post-war records.
Fitch Rates Hackensack University Medical Center, NJ's Revs 'A-'; Outlook Stable Monday, July 26, 2010 @ 4:09PMNEW YORK----Fitch Ratings assigns an 'A-' rating to the following revenue bonds to be issued on behalf of Hackensack University Medical Center Obligated Group :
Spain's ICO to Issue 14.8 Billion Euros of Bonds Backed by Company Loans Monday, July 26, 2010 @ 4:05PMInstituto de Credito Oficial, a Spanish government agency that lends to businesses, plans to issue 14.8 billion euros ($19.22 billion) of bonds backed by company loans.
Legacy Bancorp, Inc. Reports Results for Quarter Ended June 30, 2010 Monday, July 26, 2010 @ 4:00PMPITTSFIELD, Mass.----Legacy Bancorp, Inc. , the holding company for Legacy Banks , today reported a net loss of $1.4 million, or $0.17 per diluted share, for the quarter ended June 30, 2010, compared to a net loss of $1.5 million, or $0.19 per diluted share, in the second quarter of 2009.
Community Capital Corporation Reports Quarterly Earnings and a 30% Decline in Nonaccrual Loans Monday, July 26, 2010 @ 3:55PMGREENWOOD, S.C. -- Community Capital Corporation reports operating results for the six months and quarter ending June 30, 2010.
Bank Credit Risk Tumbles to Three-Month Low After Stress Tests Monday, July 26, 2010 @ 3:49PMThe cost of insuring against losses on bank bonds tumbled to an almost three-month low after stress test results provided greater-than-expected transparency about how much sovereign debt European lenders hold.
ICO to Issue 22.9 Billion Euros in Spain's Biggest Asset-Backed Bond Deal Monday, July 26, 2010 @ 11:59AMInstituto de Credito Oficial, a Spanish government agency that lends to businesses, plans to issue and retain 22.9 billion euros ($29.7 billion) of bonds in what’s said to be the nation’s biggest asset-backed securitization.
Lower Makefield Township could save $300K by refinancing debt Monday, July 26, 2010 @ 11:45AMFor the second time this year, Lower Makefield Township will have the opportunity to help its bottom line by refinancing its debt.
Public worker retirement system sputters with market Monday, July 26, 2010 @ 11:37AMWisconsin's public employee pension system has long been a success. But a faltering stock market has put pressure on pension plans to meet their investment targets.
Spain savings banks can raise capital: CECA Monday, July 26, 2010 @ 11:05AMExec expects capital to be raised by end 2010. 27 Jul 2010 2:00 AM
Mesquite blog: Salaries, budget, tax rate on Mesquite school district agenda tonight Monday, July 26, 2010 @ 9:55AMSuperintendent Linda Henrie has said she hoped to give teachers and staff a 1.5 percent raise that would cost the district about $2.7 million.
Realtors: Now is the time to buy a house Monday, July 26, 2010 @ 9:47AMFITCHBURG -- With mortgage rates at their lowest levels in more than 50 years, local real-estate agents are hoping it will motivate both first-time buyers and those looking to downsize -- or upsize -- to make their decision a bit easier.
Spain savings banks can raise capital Monday, July 26, 2010 @ 9:06AMLONDON, July 26 (Reuters) - The Spanish Confederation of Savings Banks (CECA) said smaller lenders, known as cajas, will be able to raise capital and Spanish banks are not being frozen out of the interbank lending market.
Holdingford Schools using summer to make building improvements Monday, July 26, 2010 @ 8:35AMNormally during the summer months schools are pretty placid, but not this year at Holdingford. While students and faculty are away, the district is embarking on some major improvements to its secondary and intermediate structures.
Council OKs first phase of Gateway Project Monday, July 26, 2010 @ 8:11AMA downtown retail and housing development is one step closer to becoming a reality on a 2.64 acre site that once housed a grocery store.
Reporter's Notebook: Bill Conroy Sunday, July 25, 2010 @ 8:36PMInvestment broker Kenneth Wayne McLeod was found dead, Vince Foster-style , inside his SUV in a park in southeast Jacksonville, Fla., on June 22. The Jacksonville Sheriff’s Department said he died of a self-inflicted gunshot wound, according to media reports.
Banks pass financial stress tests Sunday, July 25, 2010 @ 8:30PMEurope has sighed with relief after most of the continent & #39;s banks passed financial stress tests, but analysts warn the exams might not be tough enough.
PREVIEW-Japan banks likely to post solid Q1 on trading Sunday, July 25, 2010 @ 8:18PM* SMFG results on July 28, MUFG and Mizuho on July 30
EU bank stress tests face their own test in markets Sunday, July 25, 2010 @ 8:12PMPARIS (Reuters) - EU tests of banks' ability to withstand financial shocks, criticized as too easy after only 7 out of 91 failed, face their own stress test in the markets on Monday with early signs pointing to a more positive response.
EU bank stress tests face their own test in markets Sunday, July 25, 2010 @ 8:01PMPARIS (Reuters) - EU tests of banks' ability to withstand financial shocks, criticised as too easy after only 7 out of 91 failed, face their own stress test in the markets on Monday with early signs pointing to a more positive response.
EU govts relieved by stress tests Sunday, July 25, 2010 @ 7:01PMEU has sighed with relief after all but a handful of the continent's banks passed financial stress tests.
German Bonds May Fall as European Stress-Test Results Boost Risk Appetite Sunday, July 25, 2010 @ 6:44PMGerman government bonds may fall after stress-test results for European banks showed most lenders have sufficient capital to withstand a recession and sovereign- debt crisis.
National Savings Month: get into the saving habit Sunday, July 25, 2010 @ 2:50PMIt is National Savings Month. The reason for the emphasis on saving for the next 30 days is that South Africans do not save enough to protect themselves from financial disaster and ensure they can enjoy a better standard of living.