Canadian Finance Blog

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Why I Don’t Have A Budget Posted: 30 Jun 2011 02:00 AM PDT Since I’m still pretty new here at CFB, I’ll forgive all you guys for not knowing a little secret about me. And since we’re all pals, I’ll tell you. Lean in real close now. I’m lazy. I’m not just a regular amount of lazy either. I’m so lazy I’ve been known to eat meals directly from the pot to avoid dishes later. I once didn’t cut my grass for an entire month, only giving in when a neighbour yelled at me over the fence. I’ve been known to not shave for weeks at a time. I really have no idea how I’m still gainfully employed. I’m clearly just eye candy for the ladies of the office. My laziness almost knows no bounds. Like all of you though, I want to get ahead financially. What’s a lazy fella to do? Do I sacrifice one for the other? Do I have to make a budget and stick to it, like just about every financial guru tells us to? Hardly. In fact, I’m here to tell you that being lazy can actually be good for your financial picture. Let’s talk specifically about budgets. Many of you probably have one, in some form or another, in varying degrees of detail. Some people use a cash system, allocating cash for each budget category. Others use spreadsheets or one of the many different finance pieces of software to track their spending. If you use any of those budgets and it’s working for you, then keep using it. Getting ahead financially is the important part, how we get there is but a minor part of the journey. This is why I don’t have a budget. I’m too lazy to spend time figuring out how much money I want to spend on any of 25 categories. I’m too lazy to rob money from one category when I run short in another. Luckily for everyone, there’s a much easier way. It’s so easy I can explain it in just one sentence. All you need to do is pay yourself first. If you want to save 10% of your income, just set up an automatic withdrawal each time a paycheque enters your account. Any bank can set this up for you in a matter of minutes. The 10% magically disappears instantly, off to some other account that’s earmarked for investment. Then, feel free to spend the rest. I don’t care what you spend it on either. Have a fancy for Starbucks? Drink away. Just make sure you don’t touch those savings. Once you set up the automatic transfer, all the work is done. Paying yourself first is the easiest way to get yourself to start saving money. The simplicity of paying yourself first is the real appeal to the plan. A lot of people start a budget, do great for a month or two, and then fall off the wagon. Either some unexpected expense comes and busts a budget category, or the person making the budget gets tired of the work. For whatever reason, the budget fails and the person making the budget is back into financial difficulty. Unless you’re some sort of budgeting master, you have 10% worth of wiggle room in your budget. If someone has $500 to last them until next payday, people are generally pretty good at making it stretch the amount they need. When faced with scarcity, people find cutting out extras easy. So why not artificially create yourself some scarcity? People are typically bad at determining the difference between wants and needs. I’ve seen budgets that have an allocation to things like manicures or golf. I understand we all have our vices, but these vices directly cut into savings. If you have to make the choice between golf and food, usually food wins out. I spend zero time every month figuring out what I can spend on categories. I know approximately how much money I can spend every month, and then do it. In the meanwhile, my savings are slowly accumulating in a different account, ready to be put to work in whatever investment I decide. It leaves me all sorts of time to play video games, hang out with my friends, or to sit around and do nothing, an activity I’m particularly fond of. If you’re so detail oriented you feel the need to know where each dollar goes, then maybe budgeting is the ticket. If you’re like the rest of us, people who want to get ahead using a minimal effort, then I’d recommend paying yourself first. Remember folks, simplicity is best. Related Posts: Control Your Spending With A Budget Crafting a Gas Budget Clean Your Budget to Find Hidden Cash Why I Don’t Have A Budget originally appeared on Canadian Finance Blog on June 30, 2011.

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DailyMarkets.com - Forex – USD/JPY Up On Economic Data

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• Forex – USD/JPY Up On Economic Data
• Forex – NZD/USD Down In Asian Trade
• Japan’s Unemployment Rate Falls Unexpectedly
• QE2 Ends, Long Live The Free Market Ha
• Tokyo’s Core Consumer Price Inflation Remains Unchanged Unexpectedly
• California To Collect Internet Sales Tax
• Unilife Completes Validation Tests
• The Day Ahead: U. Of Michigan Consumer Sentiment, ISM Manufacturing, PMI Data – Euro-zone, U.K., China
• Hot Option Plays: Market Cleared Critical Resistance
• Driving The Stock Market Boom – Is It Company Buy-backs?
• FDA Clears Dendreon 2nd Facility
• Spectrum On Auction In Spain
• TRW Automotive Remains Neutral
• Myriad Genetics To Outperform
• Analyst Interviews: Metals & Mining Stock Outlook
• Change In Warner Chilcott’s R&D
• Sara Lee Finishes Eating Aidell’s
• Wells Fargo To Shed H.D. Vest
• Stock Watch List For Friday
• Earnings Scorecard: Rite Aid
• Dell’s Blueprint For Growth
• Lindsay’s 3Q Beats Estimates
• Closing Bell Market Monitor: EBAY, GS, LYG
• Forex – EUR/USD Up At The End Of U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• General Mills’ EPS Touches Mark
• McCormick Beats By A Penny
• Harris Wins FAA Contract
• McCormick Inks Deal With Kamis
• Petrobras Start EWT At Aruana
• SM Energy Trims Eagle Ford Acres
• Forex – EUR/USD Up Toward The End Of U.S. Session
• Visa / Mastercard – Sell The Excitement, Buy The Pullback
• U.S. Markets Close Higher; Dow Jones Up 1.25%
• Fiserv Strengthens Digital Payments
• Successful Quarter For Mechel
• Allscripts Inks Reselling Pact
• H
• Forex – GBP/USD Down During The U.S. Session
• PPL Corp. Ensures Nuclear Safety
• Goldman Retrenches 230 Workers
• Stevie Awards For Quality Systems
• Stevie Awards For Quality Systems
• Happy Birthday Frederic Bastiat
• NYC Approves Another Budget Change: Teachers And Programs Saved
• Emerging Markets Building Highways To Wealth

Forex – USD/JPY Up On Economic Data Posted: 30 Jun 2011 05:05 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> USD/JPY was trading at 80.68, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation remained unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 30 Jun 2011 04:50 PM PDT Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8260, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8318, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.13% to hit 1.2948 and EUR/NZD rising 0.20% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s Unemployment Rate Falls Unexpectedly Posted: 30 Jun 2011 04:45 PM PDT Forex Pros – pros – Japan&rsquo;s unemployment rate fell unexpectedly last month, official data showed on Thursday.<br/><br/>In a report, the Statistics Bureau said that the percentage of the total work force that is unemployed and actively seeking employment during the previous month fell to a seasonally adjusted 4.5%, from 4.7% in the preceding month.<br/><br/>Analysts had expected the rate of unemployment to rise to 4.8% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

QE2 Ends, Long Live The Free Market Ha Posted: 30 Jun 2011 04:42 PM PDT June 30 2011 QE2 ends. The 10yr yield has jumped, and so have stocks, one is in for a shock. From ZeroHedge Extract ..”Goodbye net monetization of US debt. Going forward the Fed will only roll maturing debt, as per QE Lite announced in early August, and due to the fact that it will be roughly one fifth the notional periodic impact of QE2, is not what so many erroneously classify as QE2.5. The biggest question of who will buy bonds now”.. COMMENTS: The last time QE ended (May 2010), a few … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tokyo’s Core Consumer Price Inflation Remains Unchanged Unexpectedly Posted: 30 Jun 2011 04:40 PM PDT Forex Pros – pros – Tokyo&rsquo;s core consumer price inflation remained unchanged unexpectedly last month, official data showed on Thursday.<br/><br/>In a report, the Statistics Bureau said that Tokyo&rsquo;s core CPI, which excludes fresh food costs remained unchanged at at an annualized rate of 0.1%, from 0.1% in the preceding month.<br/><br/>Analysts had expected Tokyo&rsquo;s core CPI to rise to 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

California To Collect Internet Sales Tax Posted: 30 Jun 2011 03:57 PM PDT 06/30/11 California follows other states in collecting sales tax on internet purchases. Amazon and Overstock terminated their affiliate programs in the Golden … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unilife Completes Validation Tests Posted: 30 Jun 2011 03:35 PM PDT Retractable syringes maker Unilife Corporation (UNIS) has successfully completed all the required validation tests for its Unifill ready-to-fill (prefilled) syringe, representing the final step in the industrialization process of this unique device. The achievement underscores that the Unifill syringe is fully compliant with all major regulatory requirements and meets the company's own standards for device quality, reliability and functionality. Unilife began initial production of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: U. Of Michigan Consumer Sentiment, ISM Manufacturing, PMI Data – Euro-zone, U.K., China Posted: 30 Jun 2011 10:20 AM PDT 06/30/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Cleared Critical Resistance Posted: 30 Jun 2011 03:17 PM PDT Cusick’s Corner The end of the month has come and gone and now the market has cleared a critical resistance point, 1213.5 on the S&P futures, opening the door for new support to be established. While tomorrow may be busy in the morning with the Michigan Sentiment and ISM due out after the open, the trade desks will be light by midday leaving the opportunity for some whippy action. Review your positions, think of some potential protection into the weekend if you are long, and if you have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Driving The Stock Market Boom – Is It Company Buy-backs? Posted: 30 Jun 2011 03:17 PM PDT By Brett Arends, MarketWatch NEW YORK (MarketWatch) — A new report from TrimTabs, the investment analysts, has blown the whistle on what really went on behind the stock-market "boom" we saw in the first quarter, when the S&P 500 Index rose more than 5%. No wonder everyone turned bullish by the end of March — just before the market started tanking again. So who was driving up the market? What was creating this boom? Turns out it was the companies themselves. TrimTabs says companies … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Clears Dendreon 2nd Facility Posted: 30 Jun 2011 03:05 PM PDT Dendreon Corporation (NASDAQ:DNDN) recently received clearance from the U.S. Food and Drug Administration (FDA) to expand manufacturing facility for its cancer vaccine Provenge, in the U.S. The company's Los Angeles facility can now be operational with 36 workstations. These facilities will be brought online in a staged manner. Earlier, in March 2011, Dendreon's New Jersey facility received FDA clearance. The facility has 48 workstations, some of which are already operational. The LA and NJ … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spectrum On Auction In Spain Posted: 30 Jun 2011 03:05 PM PDT Spain has put its mobile telecom licenses on auction for the very first time. The Spanish government will raise roughly €1.45 billion ($2.05 billion) to control budget deficit. Spain will auction 58 blocks with frequency bands of 800 megahertz (MHz), 900 MHz and 2.6 gigahertz (GHz). Each block of the 800 MHz band will be available for a minimum of €170 million, while 900 MHz and 2.6 GHz blocks will be priced at €169 million and €5 million, respectively. All the licenses are valid until … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TRW Automotive Remains Neutral Posted: 30 Jun 2011 03:05 PM PDT We reiterate our Neutral recommendation on TRW Automotive Holdings Corp. (NYSE:TRW), which is a leading manufacturer of advanced technology products and services for the automotive markets. The company is one of the world's largest suppliers of automotive systems, modules and components to global automotive manufacturers. Headquartered in Michigan, U.S., TRW Automotive operates in 26 countries through its subsidiaries. These operations primarily involve the design, manufacture and sale … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Myriad Genetics To Outperform Posted: 30 Jun 2011 03:05 PM PDT Recently, we upgraded Myriad Genetics (NASDAQ:MYGN) to Outperform with a target price of $27.00. Myriad is confident of retaining the momentum recorded over the past few quarters going ahead through product portfolio expansion, targeting the companion diagnostic market and expansion into Europe. With respect to new products, Myriad aims to launch at least one new molecular diagnostic product each year. The company's tenth product, slated for launch in the second half of 2011, will assist … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: Metals & Mining Stock Outlook Posted: 30 Jun 2011 02:35 PM PDT Overview The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion's share of the output. The largest segment of the global metals market is iron and steel followed by aluminum. The iron and steel segment comprises more than half the industry in terms of volume. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Change In Warner Chilcott’s R&D Posted: 30 Jun 2011 02:35 PM PDT Warner Chilcott (NASDAQ:WCRX) recently announced that there will be a change at the helm of its research & development (R&D) division from the beginning of next year. The need for change arose following the decision of Warner Chilcott's incumbent R&D chief, Dr. Fawzi, to resign. Warner Chilcott targets women’s healthcare, gastroenterology, dermatology and urology markets in the US and Western Europe. Dr. Fawzi is expected to serve the company in his present capacity until the end of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sara Lee Finishes Eating Aidell’s Posted: 30 Jun 2011 02:35 PM PDT Sara Lee Corp. (NYSE:SLE) announced that it has completed its $87 million buyout of Aidells Sausage Co. from Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies. The deal was originally announced on May 5, 2011. Sara Lee said the deal will help broaden its presence in the premium meats category and strengthen its North American meat business. Aidells pioneered the premium sausage category and offers a full product line of poultry-based … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo To Shed H.D. Vest Posted: 30 Jun 2011 02:35 PM PDT Wells Fargo & Co. (NYSE:WFC) has decided to offload its H.D. Vest Financial Services business to Parthenon Capital Partners, a private equity firm. The company has entered into a definitive agreement in this context with Parthenon Capital. However, the terms of the deal were not disclosed. Wells Fargo had acquired H.D. Vest in 2001. Based in Irving, Texas, H.D. Vest offers investment and financial advisory solutions to over 1.8 million retail investors through an advisor base of over 4,800 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watch List For Friday Posted: 30 Jun 2011 02:27 PM PDT ( click to enlarge ) China Natural Gas, Inc. (CHNG)  – China Natural Gas Chairman enters into exclusivity with private equity consortium for take-private transaction at proposed price of $4.25/share cash. The stock closed at a price of $3.82, a moderate change of 10% from its previous day’s close. This stock has a short interest ratio of 4.5 based on average daily volume of 200,962 shares and 1.2 million shares short. I guess this deal  will force these short traders to cover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Rite Aid Posted: 30 Jun 2011 02:05 PM PDT Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, posted its first-quarter 2012 results.  Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Quarterly Review On June 23, 2011, Rite Aid reported a loss of 7 cents per share for the first quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell’s Blueprint For Growth Posted: 30 Jun 2011 02:05 PM PDT World's second largest PC maker, Dell Inc. (NASDAQ:DELL) chalked out some plans to earn better returns from investments. At its recent analyst meeting, the chief executive officer (CEO) Michael Dell expressed intentions to focus on the small and medium business (SMB) and health care segments. Moreover, the CEO expressed optimism regarding Dell's ability to shift focus to software applications and corporate-data management technology, to reduce dependency on PC sales. Management believes that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lindsay’s 3Q Beats Estimates Posted: 30 Jun 2011 02:05 PM PDT Lindsay Corporation (NYSE:LNN) announced results for its fiscal third quarter ended May 31, 2011. The quarter delivered an EPS of $1.20, beating the Zacks Consensus Estimate of 96 cents and 50 cents in the year-earlier quarter. Total revenue in the quarter increased at a whopping 53% to $153.4 million from $100.1 million in the prior-year quarter, slightly beating the Zacks Consensus Estimate of $153 million. Total revenue for irrigation equipment increased 58% to $126.9 million. On the domestic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: EBAY, GS, LYG Posted: 30 Jun 2011 02:00 PM PDT 06/30/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session Posted: 30 Jun 2011 01:55 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4501, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4538, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 30 Jun 2011 01:40 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> USD/JPY was trading at 80.56, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 80.27, today&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Mills’ EPS Touches Mark Posted: 30 Jun 2011 01:35 PM PDT General Mills Inc. (NYSE:GIS) has reported results for the fourth quarter of fiscal 2011. For the quarter, adjusted earnings shot up by 26.8% to 52 cents a share compared with 41 cents in the year-ago period. The quarterly EPS was in line with the Zacks Consensus estimate. The fiscal 2011 earnings went up by 7.82% to $2.48 a share compared to $2.30 a year ago. The fiscal earnings were also in line with the Zacks Estimate. Management expects its fiscal 2012 earnings to be in the range of $2.60 – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McCormick Beats By A Penny Posted: 30 Jun 2011 01:35 PM PDT McCormick & Co. Inc. (NYSE:MKC) posted results for the second quarter of 2011 with operating earnings of 55 cents a share, surpassing the Zacks Consensus Estimate by one cent. The quarterly earnings benefited from higher operating income, as well as cost saving actions. Quarterly Sales Details Total revenue in the second quarter grew 11% year-over-year to $883.7 million from the year-ago quarter, benefiting from McCormick's favorable volume, product mix and pricing actions taken to curtail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harris Wins FAA Contract Posted: 30 Jun 2011 01:35 PM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a contract worth $56.7 million for a period of three years and six months from the FAA (Federal Aviation Administration). The company will provide support and information to the FAA relating to weather report and flight-planning schedules. According to the deal, Harris will be responsible for the up gradation of hardware and other software for the Operational and Supportability Implementation System … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McCormick Inks Deal With Kamis Posted: 30 Jun 2011 01:35 PM PDT In order to broaden its presence in the emerging markets of Western, Central, and Eastern Europe, spice-maker McCormick & Company, Inc. (NYSE:MKC) agreed to acquire Poland-based privately-held Kamis S.A. for approximately 830 million Polish zloty ($291 million). On the same day, McCormick’s Board declared a dividend of 28 cents per share for the quarter, which is payable on July 25, 2011 to shareholders of record as on July 11, 2011. Further, McCormick stated that the transaction multiple is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Petrobras Start EWT At Aruana Posted: 30 Jun 2011 01:35 PM PDT Brazilian state-run Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) has commenced production of oil at the Aruana area, following the start-up of extended well test (EWT). The Aruana area is in the post-salt layer of the southern area of the Campos Basin offshore Brazil. Petrobras expects EWT at 1-RJS-661 well — through which the oil flows — to run for about six months. The well is located in exploratory block C-M-401 that is between Pampo and Espardarte fields at water depth of 50 meters to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy Trims Eagle Ford Acres Posted: 30 Jun 2011 01:35 PM PDT U.S. oil and gas development company, SM Energy Company (NYSE:SM) will sell a 12.5% working interest in its non-operated Eagle Ford Shale acreage in Texas to a subsidiary of Mitsui & Co. Ltd. Mitsui will pay $680 million for the prolific Eagle Ford acreage. Mitsui will carry 90% of SM Energy's drilling and completion costs on its non-producing land until it has spent $680 million for the benefit of SM Energy. Additionally, it will pay between $20 million and $40 million as its share of SM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 30 Jun 2011 01:25 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> EUR/USD was trading at 1.4505, up 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4538, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Visa / Mastercard – Sell The Excitement, Buy The Pullback Posted: 30 Jun 2011 01:17 PM PDT By Raghu Gullapalli, contributing SmartStops writer  – originally posted at Minyanville At around 3 pm yesterday afternoon, an hour before the close of equity trading the Fed announced a change to the swipe fees associated with debit card transactions. The Fed decided to reduce the rate for these swipe fees from 44 cents to 21 cents. This announcement triggered an extremely strong surge in the price of the credit card companies, namely, Visa (V) and Mastercard (NYSE:MA) No doubt some of you … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.25% Posted: 30 Jun 2011 01:10 PM PDT Forex Pros – pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 1.25%, the S&P 500 index gained 1.01%, while the Nasdaq 100 index climbed 1.34%.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted 61.1 last month from 56.6 in the preceding month.<br/><br/>Analysts had expected the Chicago PMI to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fiserv Strengthens Digital Payments Posted: 30 Jun 2011 01:05 PM PDT In an attempt to expand digital payments and channel strategies, Fiserv Inc. (NASDAQ:FISV) entered into an agreement to acquire CashEdge Inc. for $465 million. Headquartered in New York City and with offices in Silicon Valley and India, CashEdge provides innovative payments and aggregation solutions to financial institutions. CashEdge caters to more than 500 clients, including many of the nation’s largest banks. The acquisition will be accretive to adjusted earnings per share in fiscal 2012. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Successful Quarter For Mechel Posted: 30 Jun 2011 01:05 PM PDT Russian mining company Mechel OAO (NYSE:MTL) recorded a net income of $309.1 million in first quarter 2011 comprehensively beating last year's consolidated net income of $82.6 million, a jump of 274.3% year over year. Revenues in the first quarter 2011 soared 54.4% year over year to $2.9 billion based on the company's relentless efforts to increase production. Throughout the quarter the company made concerted efforts to enhance the coal production volumes by modernizing production facilities, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allscripts Inks Reselling Pact Posted: 30 Jun 2011 01:05 PM PDT Electronic health record ("EHR") services provider Allscripts Healthcare Solutions (NASDAQ:MDRX) has forged a reselling deal with Georgia-based cloud-based messaging services and e-commerce solutions provider EasyLink Services International Corporation (NASDAQ:ESIC). Under the deal, Allscripts will resell EasyLink’s hosted inbound fax services as an effective, secure and reliable alternative to fax machines and fax servers. Allscripts' customers can now receive secure inbound faxes through the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H Posted: 30 Jun 2011 01:05 PM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a contract worth $56.7 million for a period of three years and six months from the FAA (Federal Aviation Administration). The company will provide support and information to the FAA relating to weather report and flight-planning schedules. According to the deal, Harris will be responsible for the up gradation of hardware and other software for the Operational and Supportability Implementation System … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 30 Jun 2011 12:45 PM PDT Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Chicago PMI.<br/><br/> GBP/USD was trading at 1.6059, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPL Corp. Ensures Nuclear Safety Posted: 30 Jun 2011 12:35 PM PDT PPL Corporation (NYSE:PPL) said that Unit 2 of the Susquehanna nuclear plant near Berwick, Pennsylvania resumed generation after routine maintenance outages. The outage period was extended as the company had to change some damaged turbine blades discovered during an inspection. In the course of the outage the company installed an integrated digital control system for plant equipment and replaced the damaged turbine blades that power the pumps, which in turn provides water to the reactor. The new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Retrenches 230 Workers Posted: 30 Jun 2011 12:35 PM PDT According to a state filing on Wednesday, The Goldman Sachs Group Inc. (NYSE:GS) intends to lay off 230 workers in New York State due to economic reasons. The layoffs will be executed during the fourth quarter of 2011 and the first quarter of 2012. The State Department of Labor made The New York State Workers Adjustment and Retraining Notification Act, known as the WARN Act, effective on February 1, 2009. Under the provisions of the law, New York-based companies having 50 or more workers in New … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stevie Awards For Quality Systems Posted: 30 Jun 2011 12:35 PM PDT Electronic Health Record ("EHR") service provider Quality Systems Inc. (NASDAQ:QSII) recently revealed it has bagged three Stevie awards at the 9th Annual American Business Awards ("ABA") held in New York City. Over 200 executives from around the nation took part in the selection process to choose the Stevie Award winners.     The ABA awards are America's most prestigious in the business world. All organizations, including non-profit or for-profit, private or public, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stevie Awards For Quality Systems Posted: 30 Jun 2011 12:35 PM PDT Electronic Health Record ("EHR") service provider Quality Systems Inc. (NASDAQ:QSII) recently revealed it has bagged three Stevie awards at the 9th Annual American Business Awards ("ABA") held in New York City. Over 200 executives from around the nation took part in the selection process to choose the Stevie Award winners.     The ABA awards are America's most prestigious in the business world. All organizations, including non-profit or for-profit, private or public, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Happy Birthday Frederic Bastiat Posted: 30 Jun 2011 12:28 PM PDT Frederic Bastiat, the best economist most people never heard of, was born on June 30, 1801, in Bayonne France. That was 210 years ago today. On the 200th anniversary of his birth, in 2001, I was honored to be invited by the Circle de Bastiat to give the keynote address in Bastiat's honor in Dax France. I titled my remarks, "Why Bastiat is My Hero." Bastiat was known primarily for his advocacy of free trade, but his arguments served as well as advocacy of free markets in general and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYC Approves Another Budget Change: Teachers And Programs Saved Posted: 30 Jun 2011 12:00 PM PDT 06/30/11 The New York City Council approved on Wednesday a roughly $66 billion budget that will reduce the number of public school teachers while preventing teacher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emerging Markets Building Highways To Wealth Posted: 29 Jun 2011 10:00 PM PDT If you think Los Angeles traffic is bad, take a look at the results of IBM's Commuter Pain Index. Last summer, IBM surveyed more than 8,000 motorists in 20 cities across 6 continents to determine the emotional and economic toll of commuting. They measured the amount of time it took to commute and time stuck in traffic along with whether there was an agreement of the following: the price of gas is already too high, traffic has gotten worse, and driving causes stress and anger. According to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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