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Ask an Expert: Don't fall into the buggy-whip mentality. Q: I own an upper-end shop in New York and we, too, are being hit by the economic slowdown. With people looking for bargains, how to we compete without hurting our brand? Jenna. Bulking up on income can soothe cranky retirees. Sooner or later, you're going to start noticing certain changes. For retirement, you will start investing for income instead of for growth. But you need to begin preparing for that change now, not when your company sends you off to retirement with a Starbucks card and a damp handshake. For investors, there is no free lunch. Like professional baseball players, investors need to know their clichs. So write this down: There is no free lunch. Swan welcomes Wizard rate cut. Treasurer Wayne Swan would like the banks to bring down their mortgage rates over and above a predicted cut by the Reserve Bank of Australia this week. City tycoon Michael Spencer's 1bn break-up. Billionaire Tory Party treasurer Michael Spencer has separated from his wife after 25 years of marriage. Lehman ready to shed 1,200 more workers. The redundancies, expected to be finalised and announced possibly before the group reports its third-quarter results in two weeks' time, would mark Lehman's fourth round of job cuts in the past 12 months. Businessman who helped build Shoney's chain dies. Raymond L. Danner Sr., a businessman who helped build the restaurant chain Shoney's, has died. Stocks jump as oil tumbles on relief over Gustav. Stocks soared early Tuesday as oil prices fell sharply on reports that the Gulf Coast and its oil facilities have been spared heavy damage from Hurricane Gustav. Regions Financial assumes deposits; shares jump. Shares of Regions Financial Corporation jumped today after the bank assumed $900 million in deposits from a failed Atlanta area bank. Whittle to retire as South Financial chief. Mack Whittle announced today that he will retire as chairman, president and chief executive officer of the Greenville-based The South Financial Group by the end of the year. Test Drive: Dodge Journey crossover is quite appealing. Quite an accomplishment, Chrysler's Dodge Journey. Chrysler's hybrid SUVs pull in near front of pack. Chrysler is late to the hybrid party but brought along two full-size SUV hybrids arguably better than those sold by rival General Motors, even though the companies' hybrid systems are alike. Retailers slash prices, but at what cost?. In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies. More volatility in US seen with hurricane, payrolls. Wall Street is set for another volatile week after the Labor Day holiday, as investors track the price of oil, key economic data and continued fallout from the credit crisis. Feeling stressed? Try an investment plan. With the stock market regularly posting triple-digit swings and commodity prices jumping up and down, it's easy to understand why some investors are stressed-out. 'There's a lot of volatility, emotionality and.. Asia stock markets tumble on worries about slump. Stocks fell around the world Monday, led by Asian exchanges as concerns about a slowing global economy weighed heavily on the markets. Oil prices declined sharply as Hurricane Gustav weakened, but investors were still waiting to see how much damage the storm might do to Gulf Coast oil operations.In Asia, South Korean shares were hardest hit, with the Korea Composite Stock Price Index plummeting 4.1 percent to 1,414.43 _ its lowest level in 17 months _ amid multiyear weakness in the country's currency. Insight, Outlook For Currencies. Dollar rises to its highest in 6 months; Analysis by Hans-Geunter Redeker of BNP Paribas. Up and Down: Fannie & Freddie, SI, FBR Capital Markets. Local stocks gained 0.32 percent last week, while the S&P 500 lost 0.7 percent. *Two of last week's biggest gainers were Freddie Mae and Fannie Mae, as detailed by Zachary Goldfarb in Saturday's newspaper. Study: Bankruptcies soar for senior citizens. First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the.. It's not a good idea to let company stock dominate 401. One thing the past few months have taught us is this: No company is bulletproof. Reversals of fortune for companies such as Bear.. |
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