Finance news

Dennis Brinkworth had a good weekend.
Make that a really good weekend.
Owning a bar/restaurant one block away from HSBC Arena helped. So did owning another in Allentown. Both were busier than usual between Thursday and Sunday thanks to first and second round play in the NCAA men's basketball tournament that were in town all weekend.
"You want […]

Filed under: money by Finance Boss
Comments Off

Austin-based casino games dealer Multimedia Games Inc. (Nasdaq: MGAM) is considering selling the company, officials said in an interim CEO announcement today.
The company said it hired Deutsche Bank Securities as its exclusive financial advisor in a strategic alternatives planning effort "including, but not limited to, the sale of the company."
At the same time, Multimeda lost […]

Filed under: legal by Finance Boss
Comments Off

Icelanders rejected by a massive majority a bill that would saddle each citizen with $16,400 of debt in protest at U.K. and Dutch demands that they cover losses triggered by the failure of a private bank.
Ninety-three percent voted against the so-called Icesave bill, according to preliminary results on national broadcaster RUV. Final results […]

Filed under: term by Finance Boss
Comments Off

Despite lower revenue due to sharply lower commodity prices and power generation nationwide, Calpine Corp. on Thursday said it had reduced its losses in the fourth quarter of 2009 compared to the year-earlier period.
Houston-based Calpine (NYSE: CPN) reported a net loss of $43 million, or 9 cents a share, for the three months ended Dec. […]

Filed under: finance by Finance Boss
Comments Off

First, the good news: Foreclosure filings dropped nearly 10% between December and January.
That’s a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues a monthly report on foreclosure activity.
Now, the bad news: Filings rose 15% compared to a year ago, and the number of people who actually had […]

Filed under: finance by Finance Boss
Comments Off

The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]

Filed under: technology by Finance Boss
Comments Off

JEFFERSON CITY — Foreclosures are running at an all-time high. And few think that will change any time soon.
So what do you do about them?
That was the subject of a conference here Thursday, where dozens of foreclosure counselors and experts from across the state gathered to talk about ways to try to […]

Filed under: marketing by Finance Boss
Comments Off

Shoppers may have boosted retailers with slightly better sales this year. But only when compared to a disastrous 2008. And that’s no guarantee that consumers’ shop ’til you drop mentality is back.
Most retailers won’t report their December sales results until next month, but early forecasts indicate things could be less awful than last year. […]

Filed under: legal by Finance Boss
Comments Off

Yacht exporters are riding a weaker dollar and reduced prices to new markets, while domestic sellers are seeing signs that the market’s doldrums are coming to an end.
Yacht exports to Northern Europe were healthy before the recession since the dollar was still weaker than the Euro. But the international financial tidal wave left fewer buyers, […]

Filed under: online by Finance Boss
Comments Off

Customers snapping up electronics and gift cards for the holidays boosted Best Buy’s third-quarter profit, but the nation’s largest electronics retailer said Tuesday that shoppers are focused on prices, particularly of TVs and computers.
Best Buy predicted consumers will stay that way in the fourth quarter, squeezing its profit margin. That forecast sent […]

Filed under: online by Finance Boss
Comments Off