Finance Info Blog Mortgage and Financial information

30Mar/120

Retiring at 65 with $1.5 million: Making it last

I'm in my mid 60s and I'm rolling $1.5 million into an IRA. I'd like to create a portfolio of 60% stocks and 40% bonds using low-fee ETFs and mutual funds. Is this a good plan -- and which funds and ETFs would you suggest? -- Ollie F.

CNNMoney.com

29Mar/120

Exclusive: Encana seeks partner for several gas liquids plays

SINGAPORE - Encana Corp is launching a formal search for a partner to help develop a number of properties in the United States and Canada with potential for lucrative oil and liquids-rich natural gas, as the company struggles with chronically depressed prices for dry gas, its chief executive said on Thursday.

reuters.com

Filed under: Business News No Comments
28Mar/120

Analysis: Europe’s reform drive risks running out of steam

PARIS - European leaders are caught between former White House chief of staff Rahm Emanuel's injunction "You never want a serious crisis to go to waste" and Luxembourg Prime Minister Jean-Claude Juncker's admission that "We all know what to do. We just don't know how to get re-elected after we've done it."

reuters.com

Filed under: Business News No Comments
28Mar/120

Magic Johnson group to buy Dodgers for record $2 billion

LOS ANGELES - A group spear-headed by former basketball great Earvin "Magic" Johnson agreed to buy the Los Angeles Dodgers baseball team for a record $2 billion, team owner Frank McCourt announced on Tuesday, capping a two-year drama that started with McCourt's divorce and wound its way through bankruptcy court.

reuters.com

Filed under: Business News No Comments
27Mar/120

Secrets to paying for college

You knew it was bad, but now that your child is close or getting ready to go to college, you're starting to get a truer picture of how bad. This year's estimated $22,300 total price (including tuition, room, board, books, and fees) for the average public college takes nearly a third of the annual income of a typical family with college-aged kids. That's up from 15% a generation ago. At private colleges, the average asking price of $43,500 is equal to about 60% of that family's pay, vs. 33% about 20 years ago.

CNNMoney.com

27Mar/120

Exclusive: Singapore’s Temasek: evolution not revolution

SINGAPORE - Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group , another $160 billion institution, which has grown from a focused private equity firm to a global asset manager.

reuters.com

Filed under: Business News No Comments
26Mar/120

Exclusive: Blackstone, Bain prepare Michael Stores IPO

NEW YORK - Blackstone Group LP and Bain Capital LP have tapped banks for an initial public offering of Michael Stores Inc, North America's largest specialty retailer of arts and crafts which they paid over $6 billion to take private in 2006, four people familiar with the matter said on Monday.

reuters.com

Filed under: Business News No Comments
26Mar/120

Buffett’s blue-chip stock picks

Digging into Berkshire Hathaway's portfolio to see what Warren Buffett has been buying lately -- and to gain clues as to what the world's most successful investor really thinks about the markets and economy -- has become a bit of a national pastime.

CNNMoney.com

26Mar/120

BATS founder pushes for IPO despite “freak” glitch

NEW YORK - BATS Global Markets, the U.S. exchange operator that withdrew its public offering Friday after a computer glitch sent its newly-issued stock into a tailspin, should develop a "credible IPO plan" and go through with it in the second quarter, its founder and current director said.

reuters.com

Filed under: Business News No Comments
25Mar/120

U.S. regulator feels pressure over Freddie, Fannie: report

WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac are being pushed to reduce borrowers' mortgage balances in order to shield U.S. banks from taking losses on distressed housing debt, the companies' regulator said in a Financial Times interview published on Sunday. "If you do principal forgiveness, who is it benefiting? ... Doing principal forgiveness is what would protect the big banks," said Edward DeMarco, the acting director of the Federal Housi

reuters.com

Filed under: Business News No Comments