Eunice Howard faced her own retirement roadblock. Here’s how she got around it.By Scott Medintz, contributorSeptember 29, 2010: 11:31 AM ET (MONEY Magazine) — The road to retirement is positively littered with obstacles. Investment portfolios have been rear-ended; home equity, once a reliable supplement to savings, is deflated; job losses ...
By CNNMoney.com staffSeptember 30, 2010: 6:25 AM ET LONDON (CNNMoney.com) — AIG took another step towards paying back its government bailout Thursday morning, after announcing an agreement to sell its Japan-based units for $4.8 billion. The insurer said it is selling its Star Life and AIG Edison Life companies to ...
Filed at 5:47 a.m. ET STOCKHOLM — Activists from Nepal, Nigeria, Brazil and Israel were named the winners Thursday of this year’s Right Livelihood Award, also known as the “alternative Nobel,” for work that includes fighting to save the Amazon rain forest and bringing health care to Palestinians cut off ...
A sign from the bankrupt Lehman Brothers group fetched over $66,000 at a London auction on Wednesday, more than 15 times its estimate, as collectors and souvenir hunters fought for mementos of a corporate collapse. A metal plaque commemorating the opening of the failed bank’s Canary ...
NEW YORK — Stocks slipped in muted trading Wednesday as traders held back ahead of corporate earnings announcements, which start to roll in next week. Protests in Europe against austerity measures renewed worries about the region’s finances and helped keep buyers at bay. The dollar fell ...
DUBAI: telecom giant has offered to buy a 46 percent stake in Kuwait’s leading mobile operator Zain in a deal estimated at 10.5 billion dollars, the CNBC Arabiya satellite channel said on Wednesday. Quoting unnamed sources, the Dubai-based business channel said Etisalat has offered a price of 1.7 dinars (5.97 ...
THE Australian dollar rocketed through US97c last night as it heads towards the highest point since it was floated 27 years ago. SThe dollar hit a 26-month high, touching US97.3c as the major international financial markets came online. It was the highest point since July 2008, when the dollar traded ...
Who? I’d have said the same thing a few weeks ago, until I stumbled on an interview with Lewitt in Barron’s, which led me to his new but as yet mostly invisible book, “The Death of Capital: How Creative Policy Can Restore Stability.” Lewitt is the soft-spoken president of an ...
CHILDREN from broken homes have a tougher time finishing school and finding a job. And their incomes as adults are on average 8 per cent lower than those whose parents stay together. They are more likely to enter into multiple live-in relationships when they reach adulthood, and if they do ...
by Nin-Hai Tseng, reporterSeptember 28, 2010: 2:35 PM ET FORTUNE — There have been at least a few seemingly positive signs of progress during this anemic economic recovery: U.S. households are spending less. They’re saving more. Debt is steadily falling. But don’t be fooled by the cheery headlines. The trend ...
By CNNMoney.com staffSeptember 29, 2010: 7:11 AM ET LONDON (CNNMoney.com) — The U.S. government and AIG are finalizing a plan for how the Treasury Department would exit its majority stake in the insurance giant, according to several published reports. The board of AIG (AIG, Fortune 500) is scheduled to discuss ...
MOSCOW – Sacked Moscow mayor Yuri Luzhkov will mount a legal challenge to his dismissal by President Dmitry Medvedev, a close friend of the ousted official told Interfax news agency on Wednesday. Medvedev removed the veteran Luzhkov by decree on Tuesday in an effort to impose his authority following public ...
WASHINGTON — JetBlue Airways has no plans to get involved in airline merger activity, preferring instead to grow on its own, the company’s chief executive said. Responding to Southwest Airlines Co’s plan to buy AirTran Holdings , JetBlue CEO Dave Barger said the company ...
NEW YORK — A late push gave stock indexes moderate gains Tuesday as investors brushed off news that consumer confidence dropped to its lowest level since February. A big jump in earnings from Walgreen Co. and another corporate acquisition gave investors enough confidence to extend a ...
Millions of baby boomers nearing retirement are starting to think about how much income they’ll need to cover monthly expenses once they stop working for good. Social Security, personal savings and, if you’re lucky, a pension will all play a role. But some retirees may also decide to convert a ...
AUSTRALIA is experiencing its lightest year of equity capital markets activity in 10 years as IPOs and follow-on issuance dries up. But bankers remain hopeful for a return to the bumper days of 2009. The latest figures from Thomson Reuters, exclusive to The Australian, shows corporates have raised just $12.7 ...
Traders are focused more on encouraging signs of confidence in the corporate world including a jump in dealmaking. The Dow Jones industrial average rose 33 points in afternoon trading after being down 83 earlier in the day. Broader indexes also erased morning losses. The Conference Board said its September reading ...
