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Tip of the day: How to cope up with falling deposit rates

Thu, 13/09/2012 - 14:30 by Dinesh Dhiman
Tip of the Day: How to cope up with falling deposit rates

Inflation wary people, there is more bad news in the offing. Leading banks in the country have announced deposit rate cuts. How to cope up, here are few useful tips!

Increase in fuel prices “unavoidable”--Jaipal Reddy

Wed, 12/09/2012 - 12:19 by Neka Sehgal

Despite, an outrage among the general public and strong reactions from opposing political parties about the soaring fuel prices, a hike is imminent, oil minister S Jaipal Reddy said on Tuesday.

FDIC shutter three banks, failure tally hits 31

Sat, 16/06/2012 - 13:04 by Neka Sehgal

The Federal Deposit Insurance Corp (FDIC) shuttered three banks in the US, one each in Florida, Georgia and Tennessee on Friday.

Obama’s Budget Plan Centers On Job Creation

Wed, 15/02/2012 - 15:30 by Rachna Pandya

Obama unveils new budget plan which demands higher spending on job creation. Higher taxes from the wealthiest Americans would offset the increased spending in job sector, outlines the budget.

United Way gives $78.7 million to Toronto region

Tue, 28/06/2011 - 12:48 by Rahul K. Chaudhary

In order to strengthen the financial conditions of its neighborhoods, the Canadian non-profit organization, United Way is planning to offer its needy member agencies a one-time special funding as it spends a record $78.7 million this year.

Welcome to the Big Leagues

Fri, 12/11/2010 - 22:06 by Buck Hartzell

 With a current market capitalization in excess of $9 billion, Netflix (Nasdaq: NFLX) is stepping into the big leagues. All revolutionary companies must make this transition before becoming a true Rule Maker. Unfortunately, the transitionary period is dangerous ground. 

 

IMF grants Iraq $741M loan

Sun, 03/10/2010 - 06:34 by harsheeb

Baghdad -- The International Monetary Fund agreed to provide Iraq with a $741 million loan, citing the country for its economic stability.

The loan is part of a $3.7 billion loan that has been agreed to in principle, the British Broadcasting Corp. reported Saturday.

The IMF said, "Iraq has continued to make good progress in rebuilding key economic institutions and maintaining macroeconomic stability, under very difficult circumstances."

About 90 percent of Iraq's income comes from its oil industry. It is struggling to rebuild, however, after seven years of armed conflict.

Copyright 2010 United Press International,

Rare penny sold for $1.7 million

Thu, 23/09/2010 - 23:22 by harsheeb

Lincroft -- A one-of-a-kind 1943 U.S. penny struck in the wrong metal was sold by a New Jersey dealer for $1.7 million, with the proceeds going to charity.

Laura Sperber, president of Legend Numismatics of Lincroft, N.J., said the coin, the only known penny mistakenly cast in bronze at the Denver Mint, was sold to an anonymous buyer from the southwestern United States after years of talks with the previous owner.

"This is the world's most valuable penny. It's the only known example of a 1943-dated Lincoln cent incorrectly struck in a copper alloy at the Denver Mint.

Fannie Mae asks for an additional $1.5B

Sat, 07/08/2010 - 06:14 by harsheeb

Washington -- The Federal National Mortgage Association, despite improving finances, says it has asked the U.S. Treasury Department for an additional $1.5 billion loan.

The giant mortgage broker lost $1.2 billion in the second quarter and shelled out $1.9 billion in dividends to the department, The Hill newspaper reported Friday.

That's a sizable improvement from the first quarter, when Fannie Mae lost $11.5 billion.

But Fannie Mae, already in hock to the government for $84.6 billion, "does not expect to earn profits in excess of its annual dividend obligation to Treasury for the indefinite future," it said in a statement.

Carrols Restaurant Group: Warming Up or Cooling Off?

Tue, 20/07/2010 - 23:28 by Motley Fool

Together, we are all trying to build our fortune by finding well-run companies at bargain-basement prices. But it takes work -- scouring company earnings reports, scrutinizing key data, and assessing the competition.

What Investors Think About LoopNet

Thu, 15/07/2010 - 23:51 by Motley Fool

Together, we are all trying to build our fortune by finding well-run companies at bargain-basement prices. But it takes work -- scouring company earnings reports, scrutinizing key data, and assessing the competition.

Producer prices fell in June

Thu, 15/07/2010 - 22:41 by Inderjit Singh

Washington -- U.S. producers paid 0.5 percent less for finished goods in June compared to May, largely due to falling food prices, the U.S. Labor Department said Thursday.

Prices for producers fell for the third consecutive month and for the fourth month this year. The report was issued a day after minutes of the latest Federal Reserve Open Market Committee policy meeting said some members of the committee had "cited some risk of deflation," which stalls the economy as consumers wait to make purchases with prices headed lower.