Economy

Help Pay for College With Credit Card Purchases

Very soon, you may be able to put money aside to help finance your children's education when you use a credit card.A new service offered by UPromise hopes to capture market attention by placing rebates on consumer products into a 529 plan, a state-sponsored savings plan in which any monies are tax-deferred until withdrawal.

Educate Employees on 401(k) Ups and Downs

It's no surprise that the market has not performed as well as it could have over the last few months.
Education & Careers

How Does Your Cost of Living Compare to Tiger Woods'?

Tiger Woods vs John Q. Public!When Tiger decides to buy a house, he does just that, no questions asked. But when you compare his relative cost of living to an average $30,000 a year worker, perspective gets a little skewed. For instance, a $300 stereo system to you is the equivalent of Tiger Woods plunking down 33 cents.
Community News

KPMG Consulting Moves Forward with IPO Plans

KPMG Consulting LLP is continuing its move in the direction of an initial public offering planned for early in 2001. The firm recently amended its SEC filing to include a price estimate on its shares.The offering will net KPMG Consulting something in excess of $2 billion. Some of the proceeds will be used to repurchase stock from Cisco Systems which has decided to divest itself about half of its 19.9% holdings in KPMG Consuting.Upon completion of the IPO, parent company KPMG LLP will be left with ownership of approximately 20% of the consultancy.
Community News

KPMG Reports 11% Growth

Worldwide revenues for KPMG grew by 11% to $13.5 billion for the year ended September 30, 2000, the Big Five firm has reported.KPMG chairman Stephen Butler highlighted the "record results and profitability" for the year, and noted how the firm "has stronger geographic balance than the rest of the industry, which has a greater concentration of revenue in the United States." "Consulting services grew 11% this year to $3.9 billion; Tax and legal services climbed 16% to $2.9 billion; Assurance services grew by 8%, to
A&A

The Best Cities to Start and Grow a Business. Top 100 List!

There is such a thing as fertile ground for start-ups. Some locations have just the right factors needed for the success of a particular business -- lots of available capital, a skilled labor pool, the enriching atmosphere created by universities, advanced transportation facilities, and good roads, not to mention the psychic rewards of great weather, and in one instance you'll read about here, proximity to the beach. Inc.
Tax

Record Capital Gains Payouts! Experts Predict!

If the Nasdaq's 40 percent drop didn't hurt enough, wait until you see your tax bill. Experts say that investors could be hit twice as hard this year due to a bad stock market and a larger tax bite. They are predicting that mutual funds will pay out a record amount of capital gains this year. Investors are learning this week what their distributions are, and indications are that the distributions could top last year's record of more than $200 billion. With federal capital gains taxes running 20 percent or more, bigger gains mean a windfall for the federal treasury.

Morningstar Provides Year-End Wrap-Up for Investors

If you're looking for an in-depth overview of the stock market's performance for 2000, or if you're wondering what trends may come into play with your investments for 2001, look no further than Morningstar's comprehensive Year 2000 in Review. Find out which stocks, industries, ADRS, Large Caps, and mutual funds performed best during 2000, and which were the year's worst.

Projected Budget Surplus Bolsters Bush Tax Cut Plan

The following article is provided courtesy of CCH, Inc.A sizably higher, long-term federal budget surplus projection would not change President-elect Bush's position on the need for his $1.3 trillion tax relief plan, transition spokesman Ari Fleischer emphasized. At a Dec. 22 press briefing, Fleischer was asked about a Dec.

Shopping Procrastinators Hit Online Jackpot

If you still have some holiday shopping to complete, you're in luck. Retailers nationwide are trying to unload unsold holiday merchandise in an effort to make way for the spring and summer inventories that will soon hit the shelves.Now may be the right time to head for the shopping malls and take advantage of year-end sales.
Community News

PwC says Mergers & Acquisitions Outlook Strong for 2001

As the US economy enters year five of the mega-merger era, the outlook for global merger activity remains strong. Yet concerns about the impact of high interest rates, problems with financing, and the Three Es (equity markets, the Euro and energy costs) are mounting, according to the year-end M&A forecast by PricewaterhouseCoopers' Transaction Services group.

Companies with Cash to Spare

The latest PricewaterhouseCoopers Trendsetter Barometer survey, released today, indicates that nearly one in five (18%) of the country's fastest growing companies have surplus cash to invest.For the survey, CEOs from 421 product and service companies were interviewed over the last five years. The surveyed companies range in size from $1 million to $50 million in revenue.Survey results show that companies with cash to spare are utilizing three different investment strategies. Some companies are acquiring securities in certain publicly-traded companies.
A&A

Firms Receive Data Requests - SEC Steps Up IPO Probe!

The Wall Street Journal reports that securities regulators are stepping up efforts to investigate how Wall Street dealers allocate hot initial public stock offerings.In subpoenas sent to three major securities firms this week, including Goldman Sachs Group, Morgan Stanley Dean Witter and Bear Stearns, the SEC is seeking extensive records of any large stock-trading commissions received by the firms during the past two years, as well as lists of investors to whom the firms doled out IPOs.

Three Traits That Make a Company Great

What features make a company great? Are they a good CEO, a business plan, or other, less obvious features?Even though the fate of Microsoft as one company is still undecided, its business model is looked upon as one of the more favorable ones to appear in the last several years.

FASB Rejects Preset Coverage Ratios

The Financial Accounting Standards Board has rejected the use of preset hedging coverage ratios, or matrixes, a method that has been preferred by many hedging professionals.The matrix approach, favored by mortgage service providers, allows mortgage companies to hedge a percentage of their servicing portfolios and increase their heding positions in response to changing interest rates.The FASB has announced that this hedging approach is not acceptable under FASB statement number 133, which governs accounting for derivative instruments and heding activities.The FASB has agreed to move fo

Does One Word From Greenspan Really Matter?

The NASDAQ soared Tuesday with news of optimism from Alan Greenspan. This is good news for the economy, especially going into the busy holiday season. How can one person control the fate of the stock market?
Community News

PwC Survey - Private Banking/Wealth Mgt. Industry in Transformation

PricewaterhouseCoopers survey reveals exceptional growth, high earnings, and large profit margins are driving radical change throughout industry say CEOs of Top North American Financial Institutions. CEOs of top financial institutions report that the private banking industry is undergoing sweeping transformation, presenting unprecedented opportunities and significant challenges, according to PricewaterhouseCoopers’ first annual North American private banking/wealth management survey.

FTC Gearing Up For Holiday Complaints

The Federal Trade Commission has issued a warning to retailers who will ship merchandise during the holiday season: Keep your promises or else!Many retailers make quick-shipment promises, such as "Product normally ships within 24-48 hours." A merchant is required to notify customers of any delay in the originally-promised shipping time and provide a revised shipment date.

Ten Million People Worth More Than $1 Million - EACH!

The sheer numbers are staggering. A new report from Arthur Andersen finds that there are approximately 10 million individuals across the world with assets worth more than $1 million, each.This and other findings are part of a new study conducted by Andersen called the High-Net Worth (HNW) report.

EU May Pursue Sanctions Against U.S.

President Clinton signed a new law last Thursday, November 16, reforming the Foreign Sales Corporations system and attempting to achieve compliance with World Trade Organization requirements that US exporters not be given an unfair advantage in the world trade marketplace.H.R. 4986, the FSC Repeal and Extraterritorial Act, was passed in Congress and signed last week in an attempt to catch up with the November 1 deadline for U.S. action on the issue. The European Union had previously asked the WTO to impose sanctions on U.S. exports if new legislation was not in place by November 17.

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