Articles filed under Finance

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  • 1793 penny sells for $2.35 million Jan 9, 2015 5:13 PM
    Heritage President Greg Rohan says the copper cent is rare because the design was changed soon after production started in March 1793. He says critics at the time thought the chain evoked an image of slavery. A wreath replaced the chain in later pennies.

     
  • Euro sinks after Draghi gives another stimulus hint Jan 2, 2015 9:16 AM
    The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country eurozone.

     
  • How should you invest in 2015? Experts offer their tips Jan 1, 2015 7:31 AM
    New Year's resolutions often involve money - save more, spend less, prepare for retirement, etc. But how does one successfully tackle these goals in 2015? Some suburban finance experts offer their tips.

     
  • Schaumburg library offers financial tips for divorce Dec 29, 2014 12:21 PM
    Money management tips for those in the midst of a marriage breakup will be offered in “Gaining Financial Control of Your Divorce,” from 7 to 8:30 p.m. Thursday, Jan. 15 in the Adult Classroom of the Schaumburg Township District Library, 130 S. Roselle Road in Schaumburg.

     
  • Poll: 5 things to know about the economy Dec 27, 2014 4:54 PM
    Who can turn things around? Very few think it’s Washington. Two-thirds of Americans say it’s unlikely that the newly elected Republican majority in Congress will be able to improve the economy in the next two years, and 6 in 10 say Obama won’t be able to either.

     
  • 5 tips to tackle your holiday gift returns Dec 26, 2014 10:01 AM
    As anyone who’s received a drugstore cologne gift set well knows, even Santa Claus gets it wrong sometimes. Friends and relatives? Yes, them too. Hence the throng of customers who flock to shopping malls soon after the holidays to exchange or return less-than-ideal presents. Retailers generally try to accommodate their wishes, or provide store credit. But it’s not always easy.

     
  • Six personal finance tips for the holidays Dec 24, 2014 6:13 AM
    The holidays are a wonderful time to be together with friends and family and enjoy gift-giving but the post-holiday season can be a stressful time when the bills from those purchases come due. Here are some tips for managing for finances.

     
  • Obama bets benefits will convince Congress to lift Cuba embargo Dec 20, 2014 10:06 AM
    U.S. companies will be allowed to export agricultural commodities, construction supplies and telecommunications equipment, and financial institutions can open accounts at local banks. Exports will be limited mainly to Cuba's emerging private sector.

     
  • Putin: West is trying to ‘defang’ the Russian bear Dec 18, 2014 12:53 PM
    Vowing never to let the West defang his proud nation, President Vladimir Putin promised Thursday to fix Russia’s economic woes within two years by diversifying and voiced confidence that the plummeting ruble will soon recover.

     
  • Jeb Bush said to end Barclays advisory role at end of year Dec 18, 2014 12:52 PM
    Former Florida Governor Jeb Bush will give up his senior adviser role at Barclays Plc at the end of the year after announcing he may run for the Republican presidential nomination in 2016, according to a person with knowledge of the matter. The decision, reached mutually, will allow him to focus on politics, said the person, who asked not to be identified because he wasn’t authorized to speak publicly. Barclays Chief Executive Officer Antony Jenkins, 53, has cut thousands of jobs as he shrinks the London-based lender’s investment bank to boost profits. The CEO’s pledge to overhaul the bank’s culture after the company was fined for interest-rate manipulation has been set back by probes into equity and currency trading. The shares have declined 14 percent this year. Bush, 61, is the brother of former President George W. Bush and the son of former President George H.W. Bush. In 2007, Lehman Brothers Holdings Inc. named Jeb Bush as a member of its private-equity advisory board. The Financial Times reported yesterday that Bush would be leaving Barclays at the end of the year. (An earlier version of this story corrected description of Bush in the first paragraph.) To contact the reporter on this story: Stephen Morris in London at smorris39bloomberg.net To contact the editors responsible for this story: Edward Evans at eevans3bloomberg.net Christine Harper, Simone Meier

     
  • US Fed slashes inflation forecast for 2015 Dec 17, 2014 1:42 PM
    The Federal Reserve has sharply cut its forecast for inflation next year, saying it will remain far below its 2 percent target through 2015. The Fed said Wednesday that it now expects inflation to fall to between 1 percent and 1.6 percent in 2015, down from a previous forecast in September of 1.6 percent to 1.9 percent.

     
  • Mortgage deal monitor: Ocwen review may be flawed Dec 16, 2014 11:53 AM
    The monitor overseeing a national mortgage settlement says an internal review of its compliance conducted by Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, may not have provided accurate accounting.

     
  • More Americans feel like they will never get out of debt Dec 14, 2014 7:33 AM
    Nearly one in five consumers with loans said they think they will never be able to finish paying off their debt, according to survey released Wednesday by CreditCards.com. That is double the 9 percent who said they felt that way last year.

     
  • 4 ways to hold on to your cash when renting a car Dec 14, 2014 7:00 AM
    Although gas prices are the lowest they’ve been in years, if you’re renting a car, increased demand during the season means you’ll likely encounter higher prices — especially if you haven’t already locked in a rate. And that’s not counting the extras rental companies try to get you to sign up for.

     
  • Demystifying the credit card ‘hold’ Dec 14, 2014 7:35 AM
    Most hotels place a hold on your credit card, according to Dale Blosser, a lodging consultant. The amount varies, but as a rule, it’s the cost of the room, including tax, plus a set charge of between $50 and $200 per day. “That basically establishes a line of credit for typical items that the guest might charge to the room, such as room service, restaurant or bar charges, gift shop merchandise or valet parking fees,” Blosser says.

     
  • Can Amy Pascal’s career survive Sony cyberattack? Dec 12, 2014 7:17 PM
    “I’d be surprised if my entire legacy was based on the leak of the email exchange,” Pascal told industry website The Wrap on Thursday. Virtually unknown outside of Hollywood, her nearly 20-year tenure at Sony and Columbia Pictures has included some very well-known films, such as “Skyfall,” “Superbad,” “Salt,” “Fury” and “The Equalizer.” Pascal was fourth on The Hollywood Reporter’s annual ranking released this week of the most powerful women in entertainment.

     
  • 2015 bond outlook: Low expectations Dec 7, 2014 7:42 AM
    The bond market will likely produce modest returns, if they’re positive at all, according to many bond-fund managers. It’s a matter of math: Bonds are offering very low interest rates following a decades-long drop in yields. That means they’re producing less income.

     
  • Medicare Advantage enrollment deadline looms Dec 7, 2014 7:41 AM
    Millions of Medicare Advantage customers are fast approaching a deadline for a task they’d rather avoid: Researching and then settling on coverage plans for 2015. The annual enrollment window for the privately run versions of the government’s Medicare program for the elderly and disabled people closes on Sunday. This is the main opportunity most customers have each year to adjust their health coverage, and it may be worth paying extra attention to the details.

     
  • LGBT baby boomers face tough retirement hurdles Dec 7, 2014 7:33 AM
    Kathy Murphy’s golden years have not been as secure as they should have been. She is missing out on thousands of dollars a year in Social Security benefits simply because she was married to a woman, not a man. Murphy fell into a loophole in Social Security that denies survivor benefits to same-sex couples depending on what state they live in. Had Murphy and her wife, Sara Barker, lived next door in New Mexico, a state that does recognize same-sex marriage, this wouldn’t have been an issue.

     
  • Vatican probes two ex-bank managers for embezzlement Dec 6, 2014 4:31 PM
    The Vatican says two former managers of its bank have been put under investigation by the Holy See for suspected embezzlement in connection with real estate deals from 2001-2008.

     
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