Flyers sign Richards to a 12-year contract
Philadelphia Inquirer - It’s just exciting to be a part of something that has such a great tradition and history as the Philadelphia Flyers. “It’s a lot of money. The next 12 years of my life is going to be fun. . . . [Comcast-Spectacor chairman] Ed Snider has given the
After the money’s gone
International Herald Tribune - On Wednesday, the U.S. Federal Reserve announced plans to lend $40 billion to banks. By my count, it’s the fourth high-profile attempt to rescue the financial system since things started falling apart about five months ago. Maybe this one will do the
Mortgage Lenders Face Long Rehab
Street.Com - Businesses that relied on mortgage lending will have to shrink down and expect to make less money going forward, he says. An explosion of exotic mortgage underwriting dominated the market over the past four years, fueling outsized profits and
Inflation hottest in two years, output solid
Reuters - All of these dovish, weak-money individuals out there screaming for rates cuts really need a bucket of cold water in the face because if the Fed goes down that path we might have a bubble in the CPI,” stated Michael Darda, chief economist at MKM Partners
Follow the money in SMB open source market
ZDNet Blogs - The 451 Group insists they’ll continue to be. Why? Follow the money. (Picture from Channel Systems of Canada.) In a traditional sale a large hunk of money goes to the software vendor, another large hunk to the hardware vendor, and yet-another massive hunk
Marrying for love of money
AZCentral.com - On a recent episode of “Dirty Sexy Money,” ABC’s soapy drama about the filthy rich, heiress Karen Darling gets married for the fourth time, to a golf pro. Minutes after the ceremony, she decides she wants a divorce, leaving the golfer to wonder about
Father’s Abandonment Molded Obama
CBS News - When Obama won a scholarship to study at Harvard in 1963, and didn’t have the money to take his young family with him, some were not surprised that he didn’t return. Abercrombie sums up the reason in a single word: ambition. “His ambition was to be a
U.S. jury accuses man of fraud
Baltimore Sun - Bowen used Under Armour’s name, without the company’s knowledge or permission, to entice unsuspecting investors to give him money to buy Under Armour stock. Through this scheme, Mr. Bowen allegedly bilked investors of over $230,000,” Maryland U.S
Daimler to Sell Buildings on Berlin’s Potsdamer Platz (Update3)
Bloomberg - Daimler, the world’s largest truckmaker, started divesting real estate and other assets last year to put the money to better use. In October, the company sold its former headquarters to Ixis Capital Partners Ltd. for 240 million euros.
Miley and ‘Hannah’ work hard for the money, and fans
Chicago Tribune - By the end of her very, very sold-out show Saturday evening at the Allstate Arena, the teen queen seemed spent. The energy she started the much-hyped concert with had dwindled, her dance moves lost their bounce and she could barely catch her breath
Debunking the idea that retirees should keep a lot of money in bonds
Boston Globe - Here’s a bad idea whose time has gone: Retirees should keep a lot of their money safe in bonds. Traditionally a popular source of income for folks on the receiving end of Social Security, bonds have “failed miserably” to protect retiree income
Jim Cramer’s Portfolios of the Week
Street.Com - Here are some Cramer highlights from the past week as aggregated from his “Mad Money” TV show, the “Stop Trading!” segment on CNBC and his RealMoney blog posts. Cramer’s Four Horseman of China : Cramer sees big opportunity in one of the four horseman
Illinois probing top home lender
Chicago Tribune - Those are mortgages in which the applicant isn’t required to document income and assets to determine how much money can be borrowed. “No-doc loans were meant for a very limited population to use, for people who were very rich,” she said. Instead
Robbers hit N. Dade Walgreens — again
Miami Herald - For the second time in a month, a Walgreens in North Miami Beach has been hit by armed robbers. Wearing masks, the two men raided the store at Northeast 167th Street and Seventh Avenue at 1:30 a.m., leaving with an undetermined amount of money. Not
Feds indict friend of governor
Chicago Tribune - prosecutors alleged that Rezko and another fundraiser, identified only as “Individual B,” schemed nearly from the beginning of the governor’s administration to use their newfound influence for corrupt purposes, including raising campaign money.
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