Finance counsels

Past may be no prologue for Treasury investors when Federal Reserve policy makers begin to withdraw their unprecedented monetary stimulus without raising interest rates.
For the first time since at least 1980, a change in monetary policy may mean the difference between short- and long-term Treasury yields will widen rather than narrow. The threat […]

Filed under: economics by Guru
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Saving for a teenager’s retirement might sound far-fetched, especially with college costs looming. Who’s got time or money to be planning for the 2060s?
Yet setting up a Roth individual retirement account for your teen can be a smart and rewarding move to consider at tax time. You don’t have to be rich, either.
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The fifth annual study of metro Denver’s ranking in seven industry clusters, released Thursday by the Metro Denver Economic Development Corp., concludes that the region offers a diversified economy and the nation’s second-most highly educated workforce.
The report, available here, was completed by the Patty Silverstein of Development Research Partners. It looks at seven major industries […]

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Federal Reserve Chairman Ben S. Bernanke laid more groundwork for exiting his record expansion of credit without saying when he’ll take the first step.
Bernanke yesterday described how the Fed might use tools such as interest it pays on banks’ deposits to tighten credit “at some point.” In congressional testimony, he said a potential […]

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The prospective new owners of the Phoenix Coyotes are willing to sign a long-term lease to keep the team in Arizona, but they also are looking at playing some “home” games in western Canada to boost revenue and attendance.
Ice Edge Holdings Inc. also is talking about parking charges at the Glendale-owned Jobing.com Arena to help […]

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French drugmaker Sanofi-Aventis SA said Monday that it plans to buy U.S. health care company Chattem Inc., maker of over-the-counter mainstays such as Gold Bond skin products, for $1.9 billion in cash.
The deal also gives Sanofi-Aventis a distribution path for its popular allergy drug Allegra, which it wants to switch from prescription-only […]

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Stocks struggled Wednesday as investors sought more evidence that a recovery is taking hold, one day after the Dow industrials closed at its highest point in 14 months.
Mixed readings on the labor market, GM’s management shakeup and record gold prices above $1,210 an ounce all played a role in the day’s trading.
The Dow […]

Filed under: management by Guru
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The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
The discord surfaced at a summit of the Asia Pacific Economic Cooperation (APEC) forum in Singapore when a reference […]

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In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of “guanxi.”
A central concept in Chinese society, guanxi loosely translates as “connections” and relationships.” But to Chinese people, it means much more than that: Guanxi equals power.
“Sometimes, money cannot buy you guanxi. But if you have […]

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Mortgage applications in the U.S. fell to a two-month low, hurt by declines in purchases that may reflect concern over the expiration of government tax credits.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan decreased 12 percent to 562.3 in the week ended Oct. 23, the third […]

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