Articles filed under Finance

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  SEC reviewing JPMorgan’s filings after $2B loss May 22, 2012 12:00 AM
  Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee Tuesday that the agency is examining JPMorgan's earnings statements and first-quarter financial reports to determine if they were "accurate and truthful."
  

   
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  Avoiding marriage’s No. 1 pitfall: money troubles May 20, 2012 12:00 AM
  Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems. Everyone knows, or should know, this. But love and a reluctance to take a hard look at our own financial habits, often keep us from seeing, much less confronting, potential financial troubles in a relationship.
  

   
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  India gets onto mutual fund investors’ radars May 20, 2012 12:00 AM
  nvestors who see opportunity in Asia's growth typically think of China first. That's one reason why there's no shortage of options for U.S. investors looking to buy a stock mutual fund that focuses on China. But venture southward to another Asian giant, India, and there are just 10 specialized funds to choose from — less than one-third of the number focusing on China.
  

   
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  Boomers' love of pets could change as both age May 20, 2012 12:00 AM
  Pet ownership rates tend to drop among people in their golden years. And boomers are starting to hit retirement age, with the oldest boomers turning 66 this year. The pet industry is already looking years ahead to when aging boomers eventually could be tempted — or forced — to give up high-maintenance dogs and cats because of fixed incomes, smaller homes or physical limitations. Routine veterinarian care alone can run $248 a year for a dog, according to an industry survey.
  

   
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  Stocks continue slide on Europe worries May 18, 2012 12:00 AM
  On Friday the Dow Jones industrial average dropped 73.11 points, to close at 12,369.38. It fell 3.5 percent for the week. The Dow has now declined on 12 of the last 13 trading days.
  

   
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  Facebook to finish taking orders for IPO tomorrow May 14, 2012 12:00 AM
  
  

   
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  World stocks fall after optimism fizzles on China May 14, 2012 12:00 AM
  World stock markets fell Monday as optimism over a move by Chinas central bank to encourage lending were offset by lingering uncertainty about crisis-struck Greece. European stocks plummeted in early trading. Britains FTSE 100 fell 1.8 percent and Germnys DAX tumbled 2.2 percent. Frances CAC-40 lost 2.4 percent. Wall Street also appeared set for a lower opening, with Dow Jones industrial futures down 0.8 percent to 12,686 and S&P 500 futures losing 0.9 percent to 1,337.30.
  

   
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  JPMorgan exec expected to resign, AP source saysMay 13, 2012 12:00 AM
  JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday. The bank will accept the resignation of Ina Drew, its chief investment officer, the person told The Associated Press, speaking on condition of anonymity because the person was not authorized to discuss the decision publicly.
  

   

• Facebook in your mutual fund? It could be soon May 13, 2012 12:00 AM
  Facebook can be a terrific way to connect with friends and family, a colossal drain on your time and productivity, or a little of both. Soon, another facet will emerge: investment opportunity. Mutual fund managers are scrutinizing Facebooks strengths and weaknesses before public trading of its shares, which is expected to begin May 18.
  

   
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  5 money tips from savvy financial moms May 13, 2012 12:00 AM
  Moms are on the front lines of doling out allowances and shaping their childrens money habits. And mothers who work in finance have extra knowledge to pass along about how to earn, save and spend it responsibly. To Rita Cheng, a financial adviser and mother of three in Potomac, Md., there arent many more important skills a parent can teach than managing money.
  

   
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  Fidelity: 401(k) balances grew average 8% May 6, 2012 12:00 AM
  Employee 401(k) accounts grew nearly 8 percent last quarter as a surging stock market boosted investment returns and worker contributions increased. Fidelity Investments, the nations largest 401(k) administrator, said that the average balance among its nearly 12 million accountholders was $74,600 at the end of March. Thats up from $69,100 at the end of 2011.
  

   

• Group offers finance classes for business owners May 6, 2012 12:00 AM
  Many people who start small businesses know about their service or product, but little about the financial side of running a company. Two government agencies, the Small Business Administration and the Federal Deposit Insurance Corp., have put together a curriculum to help entrepreneurs learn the basics.
  

   
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  Not all growth mutual funds take a bite of Apple May 6, 2012 12:00 AM
  
  

   
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  Chicken prices go thigh-high as consumers seek dark meat May 6, 2012 12:00 AM
  Pat LaFrieda Jr. can't get enough chicken thighs. If his family business featured on the new Food Network series "Meat Men" orders 100 cases of boneless, skinless thighs, his supplier might deliver only 60. That's because consumers have discovered something chefs have long known about dark meat: "It was always the least expensive protein that you could buy, but it had the most amount of flavor," LaFrieda said.
  

   
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  Hiring slowdown sends the stock market reeling May 4, 2012 12:00 AM
  Stocks plunged Friday after the government reported that hiring slowed sharply last month. The report confirmed investors fears that the U.S. economic recovery may be faltering. The losses in the market were widespread. The Dow Jones industrial average lost 168 points and the Nasdaq composite had its worst day since Nov. 9. Both the Nasdaq and the Standard & Poors 500 index closed out their worst weeks of the year. The Dow had its second-worst.
  

   

• Small business tax wrap-up brings good, bad newsApr 30, 2012 12:00 AM
  Theres good news and bad for small businesses about the just completed tax season. Small business columnist Jim Kendall expolores the issue.
  

   

• Investors can rein in college savings plan fees Apr 29, 2012 12:00 AM
  As a necessity, parents and their children should pay close attention to the costs theyll pay and the schools they select. Yet many apparently are giving comparatively little thought to another piece of the equation, the cost of saving for college. How else to explain the large proportion of parents choosing college savings plans that charge steep investment fees, despite the widespread availability of affordable plans?
  

   
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  Report: Rebates from health care law will top $1B Apr 29, 2012 12:00 AM
  More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to President Barack Obamas health care law, a nonpartisan research group said. The rebates should average $127 for the people who get them, and Democrats are hoping theyll send an election-year message that Obamas much-criticized health care overhaul is starting to pay dividends for consumers. Critics of the law call that wishful thinking.
  

   

• Travelers face patchwork of free vs. paid Wi-Fi Apr 29, 2012 12:00 AM
  Getting online while traveling has never been easier. Getting online for free is still hit-or-miss. Travelers run into a patchwork of free vs. paid access as they trek from airports to planes to hotels. Speed also varies widely, from fast enough to stream a movie to just enough to send and receive email.
  

   

• Mutual fund fees declined in 2011, studies find Apr 29, 2012 12:00 AM
  Mutual fund fees fell slightly last year, driven in part by demand for low-cost funds.That’s good news for investors, because fees cut into fund investment performance year after year, whether the stock market climbs or falls. Although there’s no controlling the market’s direction, individuals can control how much they pay to invest.