Business and Finance Guide

Posted on Tuesday, 28th June 2011 by Charlotte W

When you invest your money into a certificate of deposit, you want to know how much you will earn as a return on your investment. Obviously, this is a step you should take prior to depositing your money into certificates of deposit because it helps you determine if the return is worth putting your money into the certificate. Since a certificate of deposit requires you to deposit the money for a set period of time, the opportunity you have to earn interest on it should be worth the lack of access you have to the money. Remember that you will be charged penalty fees if you access the money before the maturity date.

Calculating the Net Profit

You may want to have a calculator handy to figure the calculation.

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Tags: Certificate Deposit, Deposit
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Posted on Tuesday, 28th June 2011 by Jana Sanders

Claims investors are underestimating both the likelihood of a bid and the positive effects of recent cost-cutting measures gave a boost to Micro Focus yesterday, helping the software company rise up the mid-tier index.

A long-time favourite of market gossips, the group revealed back in April that it had received an approach, but since then its share price has slid nearly 8 per cent, despite revealing last month a number of companies had made their interest known.

As well as being hit by rising fears over whether the continuing talks will result in a bid, Micro Focus’s recent preliminary results saw it fall nearly 8 per cent in one session.

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Tags: Focus, Micro Focus
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Posted on Monday, 27th June 2011 by Mark Chambers

If you are deducting your business mileage, be aware that the IRS just upped what you can deduct for the rest of the year to 55.5 cents per mile.  That becomes effective July 1st.

The previous rate was 51 cents per mile… so nearly a 10% increase.

This is nice for deductions but, to me at least, it reminds that inflation is pretty rampant!

Tags: Business Mileage, Mile
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Posted on Monday, 27th June 2011 by Charlotte W

Pending home sales rebounded in May, bouncing back from a sharp downturn in April attributed to poor weather and a temporary spike in gas prices.

Signed contracts for home purchases rose a seasonally adjusted 8.2 percent in May, according to figures released this morning by the National Association of Realtors (NAR), making up most of the ground lost in April. May’s results put pending sales back at slightly below the level they had been trending at since November.   Compared to last year, pending sales were up 13.4 percent over their May 2010 level. That increase was widely expected, however, as pending sales fell dramatically one year ago following the deadline for the homebuyer tax credit at the end of April 2010 and have not fully rebounded since.   Read more…

Tags: Back, Home Sales, Pending Home, Pending Home Sales
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Posted on Monday, 27th June 2011 by Charlotte W

– The major U.S. index futures are pointing to a higher opening on Monday, with sentiment showing fragility. Data released earlier in the day showed that personal spending rose fractionally, which could create anxiety among traders. Additionally, the fluid situation in Greece, contagion fears and the feared hit to the global banking system from their exposure to European sovereign debt may serve to keep sentiment subdued.

U.S. stocks closed on a mixed note in the week ended June 24th, as sentiment was laced with caution amid the continuing uncertainties. The situation in Greece was responsible for much of the volatility in the markets during the week, while economic events intensified the anxiety concerning growth.

Last Monday, the major averages advanced even as the prospect of Greece receiving aid remained bleak, as the Euro group ministers showed reluctance to extend assistance unless the nation took steps to bring in fiscal discipline.

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