Business and Investing

Posted on Tuesday, 3rd August 2010 by Jesse Walker

NEW YORK | Thu Aug 5, 2010 1:12pm EDT

NEW YORK (Reuters) – Stocks fell on Thursday as an unexpected rise in initial jobless claims and July retail sales that were mostly weaker than expected underscored persistent concerns about unemployment and consumer spending.

Government data showed initial claims for jobless benefits rose to 479,000 last week, defying analysts’ expectations for a dip from the previous week.

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Tags: Jobless Claims, Retail Sales, Sales
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Posted on Saturday, 31st July 2010 by Jesse Walker

After having identified your sources of income, you need to select the right income tax form. Forms have been categorized on the basis of streams of income. The income tax website clearly specifies which form to pick, depending on your stream of income. For .e.g. if you are a salaried individual and have only salary and income from other sources as your source of income, then you need to pick ITR-1.

We are ten days away from the deadline of filing income tax returns. You now need to get your act together if you haven’t yet done the groundwork to file your returns. H

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Tags: Tax, Tax Returns
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Posted on Friday, 30th July 2010 by Jesse Walker

NEW YORK | Fri Jul 30, 2010 2:34pm EDT

NEW YORK (Reuters) – Stocks fell on Friday, rebounding for a second day in a row from more substantial losses, as concerns about slower economic growth held trading to a tight range.

Stocks were down by 1 percent early in the session after the release of data showing U.S. gross domestic product growth slowed in the second quarter. A separate report later showed business activity in the U.S.

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Tags: Slow, Slow Recovery
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Posted on Thursday, 29th July 2010 by Christopher Allen

A unit of Wells Fargo & Co. will buy back $34.6 million worth of auction rate securities from Colorado investors as a result of a settlement with the Colorado Division of Securities, state Securities Commissioner Fred Joseph said on Thursday.

The unit is Wells Fargo Investments LLC.

At issue are securities that investors found themselves unable to sell after the auction-rate securities market froze in 2008.

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Tags: Auction Rate, Auction Rate Securities, Rate Securities, Securities
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Posted on Thursday, 29th July 2010 by James Martin

I’m unable to highlight all the articles worth checking out in my weekly round up but you can check out the interesting columns I come across in my Twitter feed.

No post on Monday owing to Civic Holiday in Ontario. It promises to be another glorious summer weekend in Ottawa. Have a great weekend everyone.

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Posted on Monday, 26th July 2010 by James Martin

Last year, Microsoft decided to stop selling its Money personal finance software and announced that no future updates to the software will be available. Existing Money Plus customers can continue to use the software and access online services (such as data sync with MSN Money or statement downloads) until their copy expires on Jan. 31, 2011. At that time Microsoft also announced that it will soon be releasing a “Sunset” version of Money Plus that will not require online activation and will not have an expiry date.

Recently, Microsoft made good on that promise and made Sunset versions of Money Plus Deluxe and Money Plus Home & Business available for download (here and here). Her

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Tags: Finance Software, Money, Personal Finance, Personal Finance Software
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Posted on Monday, 26th July 2010 by Jesse Walker

Having all the documents in place is half the job done as all the inputs for completing the IT return form will come from them. So first look for all your documents, identify all your sources of income and then select the return filing form accordingly. Filing of returns can be done manually or online. Filing online will save you the trouble of waiting in queues for submission.

It’s that time of the year when the taxman is remembered the most. With just a few days left, tax payers have now awoken to the reality that the due date is just fast approaching. T

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Tags: Return, Return Filing
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Posted on Sunday, 25th July 2010 by Jesse Walker

WASHINGTON | Sun Jul 25, 2010 3:01pm EDT

WASHINGTON (Reuters) – What’s odd about this scenario?

German business confidence is soaring while U.S. consumer sentiment sinks.

Britain’s second-quarter economic growth was almost twice as fast as expected, the strongest in four years.

Meanwhile, economists have steadily marked down forecasts for Friday’s U.S.

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Posted on Sunday, 25th July 2010 by Christopher Allen

AnchorBank, a subsidiary of Anchor BanCorp Wisconsin Inc. said Tuesday it had completed the sale of its four Green Bay-area branches to Nicolet National Bank on July 23.

The conversion of accounts was completed over the weekend, Madison-based Anchor BanCorp (NASDAQ: ABCW) said.

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Tags: Branches
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Posted on Friday, 23rd July 2010 by Christopher Allen

An Arizona company was barred from selling estate planning products in Washington state under a settlement announced Thursday by the office of state Attorney General Rob McKenna.

The Attorney General’s Office accused The Preservation Group LLC of Chandler, Ariz., of “misrepresenting probate as a time-consuming process that can eat up a nest egg” and selling expensive living trusts to older consumers.

The Preservation Group agreed to pay restitution to eligible consumers, reimburse the state for fees and legal expenses, and refrain from selling estate planning products in Washington state.

The Attorney General’s press release follows:

Rob McKenna

ATTORNEY GENERAL OF WASHINGTON

1125 Washington Street SE · PO Box 40100 · Olympia WA 98504-0100

FOR IMMEDIATE RELEASE

July 22, 2010

Attorney General settles case under state’s “trust mill” law

Seminar speakers weren’t qualified to sell estate planning documents

SEATTLE – The Attorney General’s Office has accused an Arizona company of violating a 3-year-old state law intended to crack down on “trust mill” schemes. The Preservation Group an

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Tags: State, Washington State
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