Credit crunch fuels investor thirst for art, wine

Posted by Financial Market News on March 2nd, 2008

"People say prices have gone up tremendously, they can only go down"

Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds compete to combine passion with high ... via MSN Money

Manufacturing growth subdued in February

Posted by Financial Service News on March 2nd, 2008

"The dollar, of course, is also contributing to lifting the intensity of import competition from already high levels"

Manufacturing activity rebounded in February, but remains subdued amid concerns about the global economy and a high Australian dollar, a survey says. via The Age

Stable management key in top funds

Posted by Financial Market News on March 2nd, 2008

"We've come off a period when small- and mid-cap stocks have been very popular, while large cap has been a pariah since the 2000-2002 market decline."

Patience in the midst of volatility is a challenge. Too often mutual fund shareholders become nervous and make ill-advised changes because they can't accept temporary declines. via Deseret Morning News

EBay sees growing risks to business in coming year

Posted by Financial Service News on March 2nd, 2008

"The buyers don't go on strike"

By Eric Auchard

SAN FRANCISCO (Reuters) - Online auction leader eBay Inc warned in an annual report on Friday that it faces difficulty getting former customers to return, adding to the normal challenge of attracting new users to its sites.

In its annual shareholder filing with the U.S. Securities and Exchange Commission, eBay cited a variety of new threats to its business that reflect "changing customers demands."

EBay acknowledged that its main auction business faces slowing growth in each of its top three markets. Read more

Guardian of leading index more upbeat than data

Posted by Financial Market News on March 2nd, 2008

"Gail's view is that if business profits remain OK, businesses have the money to invest and hire,'"

'U.S. recession is unlikely but not impossible,'' starts the January edition of 'Straight Talk,'' the monthly economic outlook of Gail Fosler, president and chief economist of the Conference Board. via Asbury Park Press Online

Sallie Mae Closes New Financing Facilities

Posted by Financial Service News on March 2nd, 2008

RESTON, Va. - SLM Corporation , commonly known as Sallie Mae, announced today that it has closed $31.3 billion in asset-backed commercial paper and term loan facilities that will provide funding for the company ... via Earth Times

Saving Takes Back Seat In Slump

Posted by Financial Market News on March 2nd, 2008

"As a result, savings priorities are being reordered - with retirement taking the biggest hit."

Even when stocks and the economy are humming along nicely, it's tough to convince our primitive instincts that we should sacrifice today to save for the future. via Hartford Courant

Check, document numbers; stay out of trouble with IRS

Posted by Financial Service News on March 2nd, 2008

"Say you transposed the figures on a Form 1099, writing down $690 instead of $960. They'll send you a notice and a bill. If they're right, you just pay up and that's the end of it."

The odds of any individual taxpayer being audited are low, but who wants to go through explaining to the IRS why you took this particular deduction or you didn't report that particular bit of income? Tax ... via CourierPostOnline

All Business: When economy views collide

Posted by Financial Market News on March 2nd, 2008

"The economic situation has become distinctly less favorable"

Who's getting it right? Those owning equities have become more upbeat that monetary and fiscal measures will ease the nation's economic woes fairly fast. via Kansas.com

Federal overseer seeks sanctions

Posted by Financial Service News on March 2nd, 2008

" - " A federal official appointed to oversee bankruptcy proceedings involving customers of Countrywide Financial Corp accused the largest U.S. mortgage lender of abusing the country's bankruptcy system. via Times of Oman


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