Finance Info Blog Mortgage and Financial information

30Dec/110

Investing in 2012: Resolve to keep it simple

I think too many investors (myself included) try to outsmart the market by constantly fine-tuning their portfolio. Wouldn't we all be better off just keeping it simple by holding a small handful of index mutual funds or ETFs and just rebalancing that portfolio once a year? -- P.C., Boise, Idaho

CNNMoney.com

30Dec/110

5 largest donations of 2011

Of the biggest charitable gifts by individuals this year, five surpassed $200 million, according to the Chronicle of Philanthropy. Four of those donations went to universities -- and one to a museum started by a very well-known family.

CNNMoney.com

23Dec/110

GE unit to pay $70 million over muni bond bid-rigging

WASHINGTON - General Electric Co acknowledged that three former traders at a finance unit engaged in bid-rigging of municipal bonds and agreed to pay authorities $70.4 million in penalties and damages, the latest settlement in a long-running probe that has ensnared some of the largest financial institutions.

reuters.com

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22Dec/110

ESRB’s warns financial stresses have worsened

FRANKFURT - The dangers facing Europe's financial system have continued to worsen, Europe's recently created super-watchdog, the European System Risk Board (ESRB), said on Thursday, as it urged the euro zone to get its new rescue fund up and running.

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22Dec/110

Beware of amped-up ETFs

Given the extreme volatility in the market these days, the idea of being able to capitalize on all that whipsaw action is alluring. And the fund industry is offering that very opportunity, in the form of leveraged exchange-traded funds.

CNNMoney.com

22Dec/110

Manage retirement savings as you age

How much should I have in a 401(k) or other retirement accounts at various ages relative to my salary so I know I'll eventually enough money to maintain my standard of living throughout retirement? -- K.T., Olathe, Kansas

CNNMoney.com

22Dec/110

Stocks, euro gain, banking concerns nag

LONDON - European stocks and the euro rose on Thursday, recovering much of their losses a day earlier when banks borrowed nearly half a trillion euros in three-year funds from the region's central bank, with concerns about the health of Europe's financial system keeping gains in check.

reuters.com

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22Dec/110

EC antitrust officials not swayed by NYSE-Deutsche Boerse

FRANKFURT/NEW YORK - European Commission antitrust officials on Wednesday showed no sign of being swayed by Deutsche Boerse and NYSE Euronext's last-ditch arguments to save their $9 billion deal, sources said, making it increasingly likely the exchange operators will have to take their campaign directly to the commissioners.

reuters.com

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21Dec/110

B-school Dean of the Year: UVA-Darden’s Robert Bruner

(Poets&Quants) -- A year ago, Robert Bruner found himself in a discomforting place -- at the end of a wagging finger and a hard-hitting question. The dean of the University of Virginia's Darden School of Business was in Shanghai at a reception for potential applicants to the school's prestigious MBA program when a young Chinese woman stood. "Why don't you admit more Chinese?" she asked sharply. The room fell to a hush, waiting for Bruner's answer. He pointed out that China already was the most highly represented nation among Darden's international students. To admit far more students from a single country, he argued, would likely mean that Darden would offer less diversity in any given class and accept applicants who weren't as qualified to attend its highly selective MBA program. "Why would you go half way around the world to study with people exactly like you?" asked Bruner. "The point is to get out of your zone of comfort and stretch yourself against the very best talent in the world." The prospective applicant nodded and smiled. The point was made, and Bruner moved on to a softball question more typical in such settings.

CNNMoney.com

21Dec/110

Exclusive: Italian banks tap 116 billion euros of ECB loans

ROME/MILAN - More than a dozen Italian banks, including top lenders UniCredit and Intesa Sanpaolo , tapped 116 billion euros ($143.52 billion) of new three-year loans offered by the European Central Bank, nearly a quarter of the total, three sources with direct knowledge of the matter told Reuters.

reuters.com

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