Money Matters - Simplified


Launch of Nokia Lumia 521-Microsoft's step to win phone market share

The latest launch of Nokia Lumia 521 in United States seems to be one of the boldest steps the company has taken in order to win over the global currently led by major companies like Apple and Samsung Electronics, states the Microsoft Corp's phone Chief.

LG revenue leaps, but company still hangs in doldrums

LG Electronics Inc.announced a 47% boost in the net profit in its second-quarter. The business sale figures indicated an upswing due to the home appliance and flat-screen televisions divisions. But sale disappointments still loom high and the company has been incapable of coping up with giant high expectations of the sale of its handset business that is not doing great guns. The handset sales are getting scrawny and there is only a bleak possibility of a turnabout in the second part of 2012.

Crystal Cathedral sells for $46mn, evades bankruptcy

The Crystal Cathedral, the gleaming iconic glass-walled church in Southern California, is selling its property to rescue itself from bankruptcy and pay back its creditors.

US Treasury sells part stake in AIG

In a key move towards relinquishing its ownership in the American International Group Inc. (AIG), the U.S. Treasury sold 300 million shares in the financial services behemoth and garnered $8.7 billion from the offering.

Whirlpool Q1 earnings, sales rise

Whirlpool, world's leading manufacturer and marketer of major home appliances, announced first-quarter net earnings of $169 million, or $2.17 per diluted share, Wednesday.

Our Top 5 Tech Stocks for 2011: EMC

 This article is part of Our Top 5 Tech Stocks for 2011 series. If you're like me and spend most of your time scouring technology stocks but find stocks with a strong presence in cloud computing a bit too pricey, I think I've got just the right play into the field. EMC (NYSE: EMC) stands to benefit from explosive data storage trends, but it also has a powerful cloud computing kicker thanks to its massive stake in VMware(NYSE: VMW). While cloud computing stocks trade for nosebleed levels, EMC on its own isn't terribly expensive. However, after considering its stake in VMware, it's downright cheap.


Ideas for a Frugal but Fun-Filled Christmas

Christmas feels incomplete without shopping. However, your endless shopping-list comprising of gifts, decorations, electronics, home-decor and personal products could loot you of all your bank balance unless you plan it smart.

Should You Sell Hewlett-Packard Right Now?

 Should you sell Hewlett-Packard (NYSE: HPQ) today? The decision to sell a stock you've researched and followed for months or years is never easy. If you fall in love with your stock holdings, you risk becoming vulnerable to confirmation bias -- listening only to information that supports your theories, and rejecting any contradictions.


Oswald's wooden coffin for sale

Fort Worth, Texas -- The deteriorated pine coffin that once held the body of Lee Harvey Oswald has been put up for sale by the Fort Worth mortuary that owns it, officials said.

Oswald was exhumed in 1981 and reburied in another coffin; the auction company selling the coffin and other Oswald memorabilia says it has received a bid of $5,000, CNN reported.

Other items for sale by Nate D. Sanders Auctions of Los Angeles include an Easter card signed by Oswald, an embalming table that held his body, mortuary instruments and the first draft of Oswald's death certificate.

The funeral director who assisted at Oswald's original embalming, Allen Baumgardner, 68, purchased Miller Funeral Home and all its property.

GM to hire 1,000 with Volt out of the box

Detroit -- U.S. automaker General Motors Co. said it would hire 1,000 engineers to ramp up its technical prowess as the first for-sale Volt rolled off the assembly line.

GM Chief Executive Officer Dan Akerson announced the decision meant to cover the company's white-collar hiring in Michigan for the next two years after stepping out of GM's first production Volt, a battery-powered vehicle with a small gas engine that recharges the battery as it goes.

"We hope to cultivate the next generation of engineers who will build upon the Volt's innovative technologies," said Mark Reuss, GM's North America vice president.

"Every aspect of the Volt -- from its aerodynamic shape to its battery chemistry -- is a testament to the importance of math and sciences."