Money: September 2007

Sunday, September 30, 2007

Topps expands beef recall on E. coli fears

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Could they lose $900K?

After NetBank Inc. was shut down by federal regulators Friday, the founders of Applied Cognetics feared it could force their young firm into a cash crisis.

UPS, Teamsters work on pension deal

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Saturday, September 29, 2007

Now streaming: Bollywood movies

Rajjat Barjatya is scripting a new chapter in the history of Bollywood. A grandson of Tarachand Barjatya, who founded India's oldest movie and distribution house, Rajshri Productions, the younger Barjatya, 32, has created India's largest Bollywood portal, with 6,000 hours of movies and Hindi songs.

Enriching rally for readers' portfolios

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[Source: MSN Money Latest Articles]

Recession chatter gets louder

Housing price declines. Slowing job creation. Profit warnings from the country's biggest retailers. To an Econ 101 student, those are telltale signs of an imminent recession. Not surprisingly, the R-word has dominated talk among bankers for weeks.

NetBank shut down by federal regulators

NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an unsustainable level of mortgage defaults.

UAW: GM says it won't shutter plants

General Motors' tentative labor deal with the United Auto Workers union includes guarantees that the automaker will continue to build cars and trucks at its remaining UAW-represented assembly lines, according to highlights of the agreement given to the union's local leadership Friday.

3Com's sale to China outfit may be security threat

When does a Chinese company's strategic technology investment become a national security risk?

Volkswagen recalls 340,000 cars

Read full story for latest details.

Citi mails unrequested credit cards

Citi is issuing approximately 3.5 million credit cards to department store customers who did not request them, the banking company confirmed Friday.

Don't dump your financial adviser

Question: I hear constantly that there is no better investment than index funds because, with few exceptions, mutual fund managers don't beat the market averages consistently. If that's the case, wouldn't it make sense for me to just invest all my money in index funds on my own and stop paying a financial adviser 1.5 percent a year for advice as I'm doing now? - Steffy Lafaro, Boston, Mass.

Rare Rubens reignites interest in old master art

While contemporary works like Damien Hirst's $100 million diamond skull have dominated the headlines, a rare old master study by Peter Paul Rubens is quietly generating buzz among art collectors.

When a perfect Porsche isn't good enough

Most drivers see a top-of-the-line Porsche or Mercedes as a finished product. But a small handful of independent builders see those already great car platforms as a canvas for custom bodywork, upgraded interiors, and enhanced performance.

Will the Fed keep the rally going?

The Dow slips but finishes a wild third quarter up 3.6% and less than 1% under its July high. Some see the blue-chip index hitting 16,000 by the year-end. Techs, energy and commodity stocks dominate the quarter. Consumer spending is better than expected.

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[Source: MSN Money Latest Articles]

3rd quarter: Whew, it's finally over

The last three months on Wall Street have left the broad stock market up nearly 2 percent.

Gold rises as dollar sinks like a rock

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Investors to Fed: Thanks for nothing

One of the core principles of the U.S. medical profession is the Hippocratic oath, the most famous part of which is "Do no harm." It's too bad that the governors of the Federal Reserve Board don't have to take such a pledge when they assume office, because their recent interest rate cut has done a lot of harm to those of us who've managed our finances prudently.

Friday, September 28, 2007

American Home points finger for bad checks

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Oil climbs on supply concerns

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When a perfect Porsche isn't good enough

Stocks end with a gain

Stocks climbed Thursday, as investors bet that a big drop in new home sales and a weak reading on GDP growth will make the Federal Reserve more likely to cut interest rates further.

Bush calls for action on airport delays

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Don't dump your financial adviser

Despite awful outlook, housing stocks rise

Bargain hunters nibble at the group after KB Home's bleak forecast and a weak report on new-home sales. Crude oil nearly hits $83. Stocks are flat ahead of the quarter's end. Maybe nobody wants Bear Stearns. Sales of 'Halo 3' soar.

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[Source: MSN Money Latest Articles]

Hot stocks under $10

Cheap stocks are often shunned, but they offer investors the potential to score big returns, if the companies recover from problems that sank their share prices in the first place.

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[Source: MSN Money Latest Articles]

Verizon U-turn on abortion rights program

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Biodiesel boom heading toward Wall Street

Way back in 2006, John "Bish" Neuhauser was the poster child of the biodiesel business. The shaggy-looking snow groomer for the Canyons ski area near Park City, Utah, starred in the acclaimed Sundance Film Festival documentary on global warming, "Everything's Cool," in which he made his own biodiesel out of restaurant grease and converted all of the resort's vehicles to run on it. In 2007, however, Neuhauser no longer has to brew his own fuel - he just drives to nearby Salt Lake City, where manufactured soybean biodiesel is now available at seven pumps. "Making it is fun and liberating," he says, "but I'm just too busy."

KB Home swings to loss, eyes tough '08

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Recession or not, here's a game plan

There's no question you're hearing the R-word more these days, but experts disagree on what's likely to happen -- and when. Here are two views along with some just-in-case ideas for your portfolio.

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[Source: MSN Money Latest Articles]

Bloomberg LP accused of sex discrimination

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Fidelity Investments reorganizes

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Inside the mind of an adviser

When you seek out the guidance of a financial professional, it's for something big, something you feel you can't handle yourself.

Facebook CEO visits Seattle, Microsoft schemes

Facebook CEO Mark Zuckerberg was spotted Tuesday in Seattle, headed for meetings with executives at Microsoft. That lends credence to the unattributed reports in various papers this week that Microsoft was contemplating a major investment in the fast-growing social network.

Dividend plays for volatile times

This income portfolio's average annual return for the past two years is 17.6%, better than the S&P 500's. Now can I reduce risk but keep the outperformance?

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[Source: MSN Money Latest Articles]

Freddie Mac to pay $50M fraud settlement

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A sneak peek at 2008 tax savings

It will be weeks before the IRS releases its figures on deductions and tax brackets, but with just-released inflation figures, they can be calculated now.

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[Source: MSN Money Latest Articles]

Toy fears play into investors' hands

Sure, the prospect of lead poisoning is scary. But the problem has been exposed, and it will be solved. With stock prices down, it's a good time to buy.

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[Source: MSN Money Latest Articles]

Mortgage rates jump

Mortgage rates rose for the third consecutive week in a row, Freddie Mac reported Thursday.

Mortgage meltdown: Vulture investors

Real estate investor Matthew Martinez is the point man for a private equity group that plans to invest $200 million in Florida condo developments.

EPA: Honda, Toyota fuel economy leaders

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Mortgage crash hits new home sales

The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000, when the nation was struggling with a stock market collapse, rising interest rates and a looming recession.

College students get a break on costs

Paying for an education? Here's what new student-loan legislation means to your pocketbook.

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[Source: MSN Money Latest Articles]

Thursday, September 27, 2007

Investors may back out of Sallie Mae deal

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Philip Morris sues retailers over knockoffs

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Housing: Big-ticket vs. Big value

What's the difference between living in Beverly Hills and Killeen, Texas? About $2 million, according to a new survey.

More Thomas & Friends toys recalled for lead

Toymaker RC2 Corp. on Wednesday announced another recall of 269,000 of its Thomas & Friends wooden railway toys because the surface paint on the products contains high levels of lead.

Court says Vonage infringed 2 Verizon patents

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Toyota, Nissan recall mats, fuel tubes

Toyota Motor Corp. says it will recall floor mats in 55,000 of its 2007 Lexus ES 350 and 2007 Camry models that, if not secured in place, could slip and get trapped under or over the accelerator. This could cause a car to accelerate even after the driver lifted his or her foot off the gas pedal.

Growth takes root at Monsanto

The world's biggest biotech seed supplier appears on an MSNMoney list of stocks poised for gains. Here are StockScouter's top investment ideas.

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[Source: MSN Money Latest Articles]

Getting taken for a ride: Airline fees

You paid a fee to purchase the ticket, you may have even chalked up the extra charge for an exit-row seat, and you're prepared to spend $5 for a cocktail on board - but when plans change and you need to modify your flights accordingly, that's when you really get hit.

Analyst cuts Merrill Lynch on possible $4B writedown

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No long-term-care insurance? Uh-oh

You probably don't need another bill to pay. But skipping this protection could destroy your finances, even long before you're old, or vaporize your kids' inheritances.

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[Source: MSN Money Latest Articles]

India's pizza wars

Thumping dance music, waiters darting from the kitchen with hot plates, children chasing balloons. "It's rocking," says 23-year-old software engineer Nishant Gupta, squirting ketchup onto his pizza before dipping it in a mound of mustard and taking a bite.

Willie Nelson's biofueled bus

To country legend Willie Nelson, the sweet smell of success may no longer be a great critical review or best-selling album. It might be the smell of french fries.

GM deal: big stakes, questions

General Motors plants rumbled back to life Wednesday afternoon, after an early-morning labor deal with the United Auto Workers ended a two-day strike but left open some crucial questions about GM's future.

Critics fume over Chevron's $15B buyback

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Still a winning bet: 50 Best Stocks

My long-term portfolio of blue chips, the 50 Best Stocks in the World, has outpaced the S&P 500 and Nasdaq during 2007 and over the past nine years. Here are five new 'best' stocks-- and five you can drop.

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[Source: MSN Money Latest Articles]

Subprime: Big talk, little help

The bullhorn message from the government to mortgage lenders has been: Bend. Do what you can to help struggling homeowners.

10 rules for picking stock winners

Listen to the experts if you want, but know that time will prove many of them wrong. Here's what you need to know to make your own educated guesses.

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[Source: MSN Money Latest Articles]

Will Buffett buy into Bear Stearns?

The investor's reported interest in the brokerage sets off a last-hour rally. A tentative United Auto Workers contract boosts General Motors shares 9.4%. The $25 billion buyout of student loan provider Sallie Mae may well be renegotiated. First-day 'Halo 3' sales hit $170 million.

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[Source: MSN Money Latest Articles]

Sunday, September 30, 2007

Saturday, September 29, 2007

Friday, September 28, 2007

Thursday, September 27, 2007

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