Business and Finance Guide

Posted on Tuesday, 2nd February 2010 by Admin

Indian equity markets were higher after positive trading in global markets. Overnight, Wall Street ended higher at the first day of a new trading month while major Asian markets were firm on Tuesday.
Wall Street on Monday ended higher at the first day of a new trading month as encouraging economic reports lifted stocks and bolstered hopes that the recovery is in better shape than many had believed.
Gains in manufacturing and personal incomes gave the market a strong start to February after rising doubts about the economy led to three losing weeks.  Energy stocks led the market higher following a strong earnings report from Exxon Mobil Corp. The Dow Jones industrial average rose 118.20, or 1.2 per cent, to 10,185.53
Sensex was trading 155 points or 1 per cent higher while Nifty was up 40 points or 0.8 per cent.

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Tags: Trading
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Posted on Saturday, 30th January 2010 by Admin

More often than not, I have a client start a retirement-planning conversation by stating, “I received my 401(k) statement in the mail and my account is up X dollars for the quarter. I must be doing fairly well.” I then ask the client if I may review the statement.

I often find that my client is correct and the account value has increased over the statement period. But the increase in account value does not guarantee that the investments owned within the account have increased in value. In fact, the investments may have even lost money during the period and the account value may still increase.

Doing the math

Let’s review an example of how such a thing can happen. If a plan participant/employee started a period with an account value of $5,000 and ended the period with an account value of $7,000, a person may believe his or her investments increased by $2,000.

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Posted on Saturday, 30th January 2010 by Admin

Anil Ambani Group firm Reliance Capital on Saturday reported 52 per cent decline in its consolidated net profit at Rs 63 crore for the third quarter ended December 31, 2009.
“Lower capital gains were booked in the quarter, owing to the planned partial stake sale later this year in the operating businesses, subject to necessary approvals.
“Being the sole beneficiary of its operating businesses, the full benefit of this value unlocking will form a part of Reliance Capital’s net profit for the current financial year,” the company said in release.
Total income of the company declined to Rs 1,488.8 crore for the December quarter, from Rs 1,573.5 crore in the same period previous fiscal.
As on December 31, 2009, the net worth of the company stood at Rs 7,832.5 crore ($2 billion). Read more…

Tags: Capital Gains, Gains, Lower Capital, Lower Capital Gains
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Posted on Friday, 29th January 2010 by Admin

Did you make your sales quota this month? If not, did you blame the slump on a slow economy?  If so, then you don’t realize that the real reason for the failure is you.

So asserts Dave Lakhani in his latest book, How to Sell When Nobody’s Buying.

Now anyone who recalls the rant of Blake, Alec Baldwin’s hyper-aggressive, always-be-closing character in the movie Glengarry Glen Ross, may feel that blaming the sales team is a rehashed idea.  However, Lakhani vibrantly renews the claim (with a little less intimidation, of course!). He prov

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Posted on Friday, 29th January 2010 by Admin

EVANSVILLE ? The Black Buggy Restaurant in Evansville, best known for its 62-item buffet, is now also offering a variety of new menu options, including lighter choices, in response to customers’ requests.

“The Black Buggy will always provide its full buffet,” said Jim Vincent, the restaurant owner and president, while it also now offers healthier-portioned one-plate meals and new items on its fresh salad bar.

“The Black Buggy, which employs 58 people, has never provided these kinds of options in its long past. So this is not a decision we take lightly,” Vincent said.

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Tags: Black Buggy, Menu
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