Business

Social Security: The Cheapest Annuity in Town

Thinking about social security

The Center for Retirement Research at Boston College has just released a new study that shows that the best way for people to turn their 401(k) balances into a stream of income is to “buy” an annuity from Social Security. Many people don’t recognize that Social Security is in the annuity business, but it is and it has the cheapest product in town...Read Remaining News...

U.S. stocks fell Thursday morning, the worst losses of the year

Traders work on the floor of the New York Stock Exchange Wednesday, May 30, 2012.

NEW YORK (AP) -- U.S. stocks fell Thursday morning, promising another nerve-wracking day for investors who just endured one of the worst losses of the year...Read Remaining News...

Rare penny fetches more than $1 million, sold at auction 

Rare one cent of U.S.A.

One of the first pennies ever produced by the U.S. Mint was put up for auction Thursday night and reportedly sold for more than $1 million...Read Remaining News...

California's Biggest Delinquent Taxpayers Owe Over $232 Million

Pamela Anderson

The California Tax Franchise Board today released a list of the state's 500 biggest delinquent taxpayers who together owe almost $233 million in unpaid state income taxes. On the list are Hollywood celebrities including model and actress Pamela Anderson and director of "The Notebook," Nick Cassavetes...Read Remaining News...

Winning Mega Millions numbers announced

Winning Mega Millions numbers

(CBS/AP) ATLANTA - The drawing for what could be the single biggest lottery payout the world has ever seen is finally here...Read Remaining News...

Diamonds not forever: Rio Tinto may sell business

Diamond

(Reuters) - Rio Tinto (RIO.AX), the world's third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at $1.2 billion, and joined rival BHP Billiton (BHP.AX) in backing away from a business that has lost its sparkle...Read Remaining News...

Yen drops to its lowest level in eight and a half months

Yen

Yen Hui to its lowest level in eight and a half months against the dollar on Tuesday after strong economic data in the United States increased the expectations of investors to raise interest rates this year...Read Remaining News...

6 Steps To Sell Your Car Quickly

A Model with Car

In practical terms, a car is a source of transportation, but when it comes to buying a car, most people go above and beyond these practical needs...Read Remaining News...

Five People Who Turned $1,000 Into $1 Million

Million Dollars

Most millionaires are self-made millionaires, but becoming one is something that still seems out of reach for most people...Read Remaining News...

Banks foreclosing on churches in record numbers

Forclosure

(Reuters) - Banks are foreclosing on America's churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data...Read Remaining News...

How To Get Cheap Car Insurance?

Secure A Best Car Insurance To Overcome Any Accident

We originally started out with the 3 best ways to get cheap car insurance however our customers wanted to know even more ways. So we have compiled a list of 25 ways to get cheap car insurance below...Read Remaining News...

Top 10 Life Insurance Companies in USA

Happy and secured family

MetLife is a renowned life insurance company in the USA, and it provides Term Life Insurance which gets provided in three modes. Their commitment to provide service to the underprivileged and the marginalized has catapulted MetLife into one of the top life insurance provider, and their Corporate Social responsibility has helped them stay afloat in the healthy competition that prevails in the life insurance market in the USA...Read Remaining Article...

Iceland's financial watchdog sacks director

Flag of Iceland

(Reuters) - Iceland's Financial Surveillance Authority (FME) said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki...Read Remaining News...

Swiss bank chief to respond over wife's dollar trade

Phlilpp Hildebrand, Swiss bank cheif

(Reuters) - Switzerland's central bank chief will break his silence on Thursday over a controversial currency trade made by his wife three weeks before he imposed a cap on the Swiss franc...Read Remaining News...

Gold ends up, sets biggest weekly drop in 3 months

Gold Bar

(Reuters) - A weakening dollar and short covering drove investors back into gold on Friday, lifting prices to end a sharp four-session pullback that still yielded the biggest weekly decline in almost three months...Read Remaining News...

MF Global's Corzine: I did not intend to break rules

Jon Corzine

(Reuters) - A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he "never intended" to break rules and had no clue what happened to hundreds of millions of dollars in missing customer money...Read Remaining News...

China military denounces U.S.-Australia defense upgrade

Geng Yansheng,

(Reuters) - China's military denounced the United States and Australia on Wednesday for upgrading military ties, warning that such moves could erode trust and fan Cold War-era antagonism...Read Remaining News...

Wall St. rallies on central banks' help for Europe

Central Bank

(Reuters) - Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis...Read Remaining News...

Black Friday Sales Up Seven Percent Over 2010

Black Friday Shopping

The holiday shopping season got off to a strong start on Black Friday, with retail sales up 7 percent over last year, according to the most recent survey. Now stores just have to keep buyers coming back without the promise of door-buster savings...Read Remaining News...

Euro loses vs dollar for fourth straight week

Euro VS Dollar

(Reuters) - The euro fell to its lowest in more than seven weeks against the U.S. dollar on Friday and was poised to weaken further after a disappointing Italian bond auction stoked fears the euro zone crisis was deepening...Read Remaining News...

The 4 Best Rewards Credit Cards You've Never Heard Of

Credit Card

Looking for a credit card that pays better rewards for putting purchases on plastic? You may be shopping the wrong category of cards...Read Remaining News...

Small businesses hiring more online workers

When Casey McConnell started text messaging marketing company Qittle he took the traditional route of hiring onsite employees. But he soon realized it was more advantageous to hire workers online.

“We found it was easy to find these...Read Remaining News...

Top Gold Owning Countries of the World - 2011

Gold Bar

Central banks are contributing to world gold demand. The latest data from the World Gold Council indicate even more changes among the nations holding the most in gold reserves. Those are also some of nations whose creditworthiness is now under question during the debt crisis in Europe. 24/7 Wall St. looked at the 13 nations with the highest gold reserves, as well as two institutions, to see how each might affect future gold demand...Read Remaining News...

PayPal makes sending money via Facebook

Paypal

AFP - The online payment service PayPal (eBay group) Thursday launched an application to exchange money with friends, with an application designed for the website Facebook. "We are the world's largest online payment on the world's largest social network, to make it even easier to send money to friends or family members," said a marketing manager PayPal, JB Coutinho, the blog of the company...Read Remaining News...

Apple, with eye on media, names Disney's Iger to board

Steve Jobs are seen on Apple's Display

(Reuters) - Apple Inc moved to shore up its board after the death of Silicon Valley legend Steve Jobs, appointing Walt Disney Co chief executive Bob Iger to its board to propel its media ambitions...Read Remaining News...

Ex-Goldman director to face criminal charges: source.

Goldman

(Reuters) - Rajat Gupta, former Goldman Sachs director and former head of McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said...Read Remaining News...

FREE TRADE.

For more than two centuries economists have steadfastly promoted free trade among nations as the best trade policy. Despite this intellectual barrage, many “practical” men and women continue to view the case for free trade skeptically, as an abstract argument made by ivory tower economists with, at most, one foot on terra firma. These practical people “know” that our vital industries must be protected from foreign competition.

The divergence between economists’ beliefs and those of (even well-educated) men and women on the street seems to arise in making the leap from individuals to nations. In running our personal affairs, virtually all of us exploit the advantages of free trade and comparative advantage without thinking twice. For example, many of us have our shirts laundered at professional cleaners rather than wash and iron them ourselves. Anyone who advised us to “protect” ourselves from the “unfair competition” of low-paid laundry workers by doing our own wash would be thought looney. Common sense tells us to make use of companies that specialize in such work, paying them with money we earn doing something we do better. We understand intuitively that cutting ourselves off from specialists can only lower our standard of living..Read Remaining News...

 BMW's new 3-Series is longer, roomier.

German carmaker BMW AG has unveiled a longer, lighter version of its mainstay 3-Series midsize car.

It's the sixth edition of a vehicle that first went on sale in 1975 and has sold 12 million copies. The car is key to BMW earnings because it has the highest sales volumes in its model lineup, with 399,000 sold last year, or 32.6 percent of unit sales...Read Remaining News...