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Archive »Money Talks

At least your money can live like a millionaire's

Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his taxes, and untold numbers of Americans who don't. Swiss banks and their secretive counterparts around the globe may sound like the exclusive province of the wealthy, the mysterious or the shady, but anybody can legally open an offshore account.

Getting started on your small business tax return

NEW YORK (AP) — Do not look at the calendar and think, “I don’t need to start on my small business tax return yet. I have more than three months to do it.”

$25B US mortgage deal goes to states

A draft settlement between the nation's major banks and U.S. states over deceptive foreclosure practices has been sent to state officials for review.

Expert’s outlook: Strong profits, rising stocks

BOSTON (AP) — There’s plenty for investors to worry about heading into 2012, from the European debt crisis to our own struggles to regain fiscal fitness. The economic recovery is picking up, but not so much that it inspires great confidence.

SEC charges ex-Fannie, Freddie CEOs with fraud

SEC charges ex-Fannie, Freddie CEOs with fraud

The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.

Blog: Follow the Money

Rationalized fishing rights have buoyed Alaska fisheries

Alaska has long been at the forefront of global fisheries, benefiting from the rich waters of the Bering Sea and Gulf of Alaska. The Alaska fishing fleet is one of the largest in the world, with state of the art modern vessels that can operate in any weather condition. The capital investment required to support this fleet is tremendous, and it has been supported through the privatization of fishing rights.

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Asset based lending: no longer the business loan of last resort

Asset Based Lending has matured and become part of the business mainstream.

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Five keys to get a “Yes” for a small business loan

Five keys to get a “Yes” for a small business loan

What does it really take for a small business owner to get a loan from a bank today? It’s one of the top questions our bankers hear – and I would like to share our answer to this question.

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‘Creating a Culture of Courage’ in a risky post-recession landscape: An interview with Cindy Solomon

‘Creating a Culture of Courage’ in a risky post-recession landscape: An interview with Cindy Solomon

Nationally recognized speaker, consultant and executive coach Cindy Solomon knows a thing or two about courage. In fact, Solomon regularly works with companies to create a culture of courage that drives innovation in this post-recession business economy. That’s why she was surprised to find herself full of fear on the Demon Drop, a thrill ride in the Midwest that suspends riders and asks them to drop themselves from 153 feet.

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Blog: Alaska's Eye on Wall Street

Week in Review, Feb. 20

Stocks rose last week, marking the 6th week of advances in the past 7 weeks. The S&P 500 returned +1.5% for the week and is now up +8.2% YTD. Bonds were mostly flat, with the 10 year Treasury yield closing at 2.00% on Friday. International stocks also did well last week - Japan's Nikkei was up +4.9%, Hong Kong shares increased +3.4%, and European stocks rose +1.9%.

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BLOG: Eye on Wall Street: Markets off to a good start in 2012

We are starting 2012 on the right foot as the global equity markets are off to their best start in 18 years, according to Bloomberg. Better U.S. economic data, a round of liquidity from global central banks (including the Fed), and signs of improvement in Europe have been catalysts. It also looks like inflation is cooling here and abroad. The accompanying table details the results of the markets in January.

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Week in Review, Feb. 13

Stocks lost some ground last week. The S&P 500 shed -0.17% and is now up +6.76 YTD. Bond yields rose slightly with the 10 year Treasury up 6 bps, to yield 1.99%. By the way, three month Treasury bills now yield an eye popping 0.08% - that's up from 0.01% at year end!

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Week in Review

Okay, we want the Giants to win on Sunday. Remember if an original NFL team wins (Giants) stocks rise and if an old AFL team wins (Patriots) stocks fall. It has worked 79% of the time! Of course, the last time the Giants beat the Patriots in the Super Bowl was 2008. That didn't work out so well now did it?

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Week in Review, Jan. 23, 2012

The S&P 500 gained +1.5% to 1,315 last week and is up +4.6% YTD. Stocks throughout the world are on a tear so far this year. Chinese stocks are up +5.4%, Brazil +9.8%, European names (Stoxx 50) have gained +4.8%. U.S. bonds however have declined in price as yields jumped 15 bp on the 10 year Treasury last week to a 2.03% yield. Better U.S. economic news and less angst in Europe are causal factors.

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Archive »Finance

Hecla posts record sales and profits

Hecla Mining Co. reported record sales and profits in 2011, despite a series of accidents that led to the deaths of two miners and injuries to others.

Wal-Mart's 4Q results show rebounding US business

Wal-Mart's 4Q results show rebounding US business

Wal-Mart Stores Inc.'s low-cost strategy during the holidays both helped and hurt its performance in the fourth quarter: The world's largest retailer reported an almost 15 percent decline in profit, but its namesake U.S. business continued to draw in more shoppers.

Ill-timed fight erupts over money-market funds

BOSTON (AP) — A fight is breaking out between the money-market mutual fund industry and federal regulators. Whatever the outcome, investors will question whether they can continue to rely on money funds as a safe place to keep cash readily accessible.

Big medical bills in 2011 may add up to tax breaks

Taxpayers swamped by big medical bills in 2011 can get some relief when they file their income tax forms this spring thanks to an overlooked deduction that is hard to reach in a typical year.

Stocks rise early after Greek deal, then flatten

The stock market finally got the deal it wanted from Greece, but the excitement didn't last long.

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