Finance counsels

As a typical baby boomer, Don Bubar digs classic rock bands, from Pink Floyd to The Stones. He also likes reggae.
These days he’s mixing some heavy metal into his hard rock collection, and it’s off the beaten path from what you might expect.
The affable geologist and chief executive of Avalon Rare Metals Inc. is at […]

Filed under: legal by Guru
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If HOPE for Homeowners, the foreclosure-prevention plan passed last summer, was a soft drink, it would be New Coke. If it was an automobile, it would be an Edsel. A movie? Howard the Duck.
In the five months since it has been in effect, HOPE has helped exactly one homeowner to avoid foreclosure. This […]

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General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy.
What they already know is that any assistance they receive won’t be given happily.
The two companies face a March 31 deadline to win concessions […]

Filed under: economics by Guru
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More than half of Americans fear they or someone they know will face foreclosure in the next year.
Still, 23 percent say they plan to purchase a home in the next five years, 12.8 percent plan to buy in the next two years and 11 percent plan to purchase in two to five years.
Those are some […]

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new york — Stocks slid the most in two weeks Friday as analysts cut earnings estimates for General Electric Co. and Congress moved toward raising taxes on bank employees bonuses.
GE lost 5.8 percent after presenting what investors called a more sober assessment of its earnings. Bank of America Corp., Wells Fargo & […]

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The St. Louis metro area’s jobless rate rose in January as the region lost 5,600 jobs in the month.
The seasonally adjusted unemployment rate for the St. Louis area, which includes the Metro East, stood at 8.3 percent in January versus a revised 8 percent in December, according to the Federal Reserve Bank […]

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Both states ranked in the top 10 for fraud cases in 2008, according to the Mortgage Asset Research Institute, and saw sharp jumps from the year before. Nationwide, fraud incidents climbed 26 percent, despite, or perhaps because of, increased scrutiny of lending habits.
There has been definitely more investigation of fraud as the mortgage […]

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U.S. industrial production dropped more than expected in February as the recession hurt consumer demand for big-ticket items, government data showed Monday.
A report from the Federal Reserve said industrial production fell 1.4% last month, the fourth straight month of decline. That’s the lowest level since April 2002.
Economists expected a 1.3% decrease, according to a […]

Filed under: online by Guru
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Think of it as an insurance actuary hiding under your dashboard.
Progressive Insurance wants Missouri customers to install a device in their cars to tell whether their driving is mild or wild. The gadget sends the data off to the insurance company through cell phone towers.
The carrot: Volunteers get a 10 percent cut […]

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Stocks jumped Thursday, gaining for the third session in a row, as investors scooped up banks and other shares hit in a selloff that left the Dow at 12-year lows.
The Dow Jones industrial average (INDU) gained 240 points, or 3.5%, managing a three days of back-to-back gains for the first time since late January.
The […]

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