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Articles filed under Finance

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  • Wal-Mart joins Ria for money transfer service Apr 17, 2014 10:08 AM
    Wal-Mart Stores Inc. is introducing a new money transfer service that it says will cut fees for customers by up to 50 percent compared with similar services. The service, which will be available April 24, allows its customers to transfer up to $900 to and from more than 4,000 Wal-Mart stores in the United States.

  • Average U.S. 30-year mortgage rate falls to 4.27 pct Apr 17, 2014 10:06 AM
    Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.

  • Goldman’s income falls 11 percent, still beats expectations Apr 17, 2014 9:01 AM
    Goldman Sachs’ earnings fell in the first quarter as bond trading slumped, but the results still came in well ahead of what investors were expecting.

  • U.S. retail sales up strong 1.1 percent in March Apr 14, 2014 8:36 AM
    U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The Commerce Department said Monday that retail sales rose 1.1 percent in March, the best showing since September 2012.

  • Savers beware: Fees may be shrinking your 401(k) Apr 13, 2014 6:37 AM
    It’s the silent enemy in our retirement accounts: High fees. And now a new study finds that the typical 401(k) fees — adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker’s account over a four-decade career compared with lower-cost options. To compensate for the higher fees, someone would have to work an extra three years before retiring.

  • On Russia, Europe too cautious for U.S. Apr 12, 2014 2:24 PM
    Assistant Secretary of State Victoria Nuland told a Senate panel this past week that U.S. and EU sanctions now in place are “biting” and “pinching” the Russian economy, “and we’re now considering further measures.”

  • Stocks fall on jitters over earnings, tech rout Apr 12, 2014 7:30 PM
    “Earnings are going to come in on the sloppy side,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “The market needs to correct,” he added, referring to sharp downturn in stocks.

  • ‘Age Well’ event guides seniors through finances, retirement Apr 2, 2014 12:41 PM
    College of DuPage Continuing Education will partner with DuPage County Senior Services to host “Age Well DuPage: Renew, Recharge, Reinvent.” The free event runs 1 to 4 p.m. Sunday, April 6, in the Homeland Security Education Center, Room 1022, on the College’s main campus, 425 Fawell Blvd., Glen Ellyn.

  • Event to show how to prepare for retirement Apr 1, 2014 5:30 AM
    An event this weekend in DuPage County is hoping to give anyone looking toward retirement the tools they need to get the most out of their golden years.

  • 5 tips on how to tackle financial records clutter Mar 30, 2014 6:38 AM
    Tax season offers an opportunity to finally dig through that shoe box or file cabinet where you’ve amassed a trove of old receipts, bank statements, pay stubs and other personal financial information.Here are some tips on how to thin out that clutter of financial records you may have accumulated over the years.

  • Cuban lawmakers OK key foreign investment law Mar 29, 2014 3:09 PM
    Some details of the legislation emerged in official media in recent days. Among other things, it would cut taxes on profits by about half, to 15 percent, and make companies exempt from paying taxes for the first eight years of operation.

  • Emerging-market bonds on sale but not on clearance Mar 23, 2014 6:11 AM
    Investors are pulling money out of emerging markets, in part because of anticipation of higher interest rates in the U.S. The drop in demand means prices for bonds from emerging markets have tumbled over the last year, and the average emerging-market bond mutual fund has lost 6.8 percent. That’s the worst performance among the 32 bond fund categories that Morningstar tracks and a sharp reversal. Over the last five years, emerging markets have provided some of the best bond returns.

  • Amazon Prime price shock? Try these cheaper rivals Mar 23, 2014 6:51 AM
    Many online shoppers were taken aback when Amazon raised the price of its Prime service. Although Prime offers a streaming video service, many customers have come to rely on its free two-day shipping. Some took the $20 price hike in stride, but if you’re annoyed, and looking for alternatives, there are cheaper versions you can try.

  • EU’s new sanctions target Putin inner circle Mar 21, 2014 10:07 PM
    Russia has already hit back at the United States by announcing it would impose asset freezes on a number of high-ranking U.S. officials. But it has yet to take retaliatory action against the EU.

  • Wal-Mart’s new tool gives competitors prices Mar 21, 2014 3:01 PM
    The company built its business on offering the lowest prices on staples such as milk, bread and laundry detergent. But Wal-Mart’s “every day low price” model is under attack from online king Amazon and other competitors that sometimes offer items cheaper. On top of that, the retailer’s primarily lower-income customers continue to cut back on spending during the economic recovery.

  • Russian stocks down as banks suffer amid sanctions Mar 21, 2014 7:37 PM
    The economic sanctions ordered on Thursday by President Barack Obama targeted 20 people, including Putin’s chief of staff and four influential businessmen who are believed to be his lifelong friends, and also a major Russian bank that provides them support.

  • U.S. stocks jump as worries over Crimea vote fade Mar 17, 2014 4:41 PM
    Investors were able to put aside the ongoing political turmoil in Ukraine on Monday to focus on a bit of good news on the U.S. economy. Stocks ended sharply higher, helped by a report that showed factory output rebounded last month.

  • Want a personal shopper? You don’t have to be rich Mar 16, 2014 6:00 AM
    A new breed of online sites is tailoring boxes of items to shoppers’ tastes. And at traditional retailers including J. Crew and Macy’s, the services of personal stylists don’t cost any extra. The online sites include Trunk Club, which caters to men, and Stitch Fix, which targets women.

  • New York steals London’s mantle as top financial center Mar 15, 2014 1:54 PM
    The index, which is updated every six months and is in its 15th edition, is compiled from replies to an online survey. It also uses external gauges including rankings for specific areas such as telecommunications. The index, which was first published in 2007, takes into account broad areas including the business environment, finance, infrastructure, human capital and reputation.

  • Lawrence of Arabia offered ‘quiet’ role at Bank of England Mar 17, 2014 1:23 PM
    Documents show the World War I veteran, whose real name was T. E. Lawrence, was offered the role of night watchman in 1928, the central bank said Saturday. There are also indications in the archives that Governor Montagu Norman wanted Lawrence as the bank’s secretary seven years later.

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