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OPINION
August 31, 2012
Re "Romney defends overseas funds," Aug. 27 Why don't most Americans believe Mitt Romney when he says that he gained no tax benefits by investing money in funds based in the Cayman Islands and other overseas jurisdictions? Did he send his money there so it could get a tan? That's why people wonder if something unsavory happened. If Romney doesn't want people to think he's hiding something and avoiding the truth, all he has to do to stop the discussion is release 12 years of tax returns, just like his father did, and then the questions will vanish.
ARTICLES BY DATE
BUSINESS
April 27, 2014 | Liz Weston, Money Talk
Dear Liz: I got a big tax refund this year and am trying to figure out what to do with the money. Right now I have school loans with a 4% interest rate that I do not need to make a payment on until 2024 with my current payment plan, but the amount I owe is pretty hefty and I know it's going to compound more over time. I also have a very low-interest car loan (1.9%) that will be paid off in 31/2 years. I also could put that money in the market in hopes that it will grow. I should add I am 27 years old. Any advice?
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NEWS
January 26, 2012 | By Kim Geiger
After trading jabs all week over the political liabilities each had accrued during their time in the private sector, Mitt Romney and Newt Gingrich went at it tonight over their respective ties to mortgage giants Fannie Mae and Freddie Mac. Gingrich attacked Mitt Romney for his investments in the mortgage companies and for investing in Goldman Sachs, "which is today foreclosing on Floridians. " Romney has blasted the former House speaker for his past work as a consultant for Freddie Mac. “First of all, my investments are not made by me,” Romney replied, referring to his blind trust, which is operated by a trustee.
BUSINESS
April 23, 2014 | By Shan Li
Google Inc. is partnering with solar panel maker SunPower Corp. to invest up to $250 million in leasing solar systems to homeowners. The Mountain View technology giant is contributing up to $100 million, and San Jose-based SunPower will invest $150 million, Google said in a blog post . The goal is to make "it easier for thousands of households across the U.S. to go solar. " "Using the fund ... we buy the solar panel systems," Google said. "Then we lease them to homeowners at a cost that's typically lower than their normal electricity bill.
CALIFORNIA | LOCAL
February 18, 2014 | By Larry Gordon
In a move that activists described as the first of its kind for any American college or university, Occidental College in Los Angeles is pledging to stay away from any investments in companies that manufacture military-style assault weapons and high-capacity ammunition magazines for general public sale. The recent move by Occidental College trustees came at the urging of faculty members who were horrified by the December 2012 massacre of 26 students and staff members at Sandy Hook Elementary School in Connecticut and other mass shootings.
BUSINESS
February 4, 2014 | By Stuart Pfeifer
IBillionaire Inc., a company that models investments of the world's wealthiest people, plans to offer an exchange traded fund this spring that will allow the public to "invest like a billionaire," its top executive said Tuesday. After receiving about $1 million of start-up funding, IBillionaire has hired an ETF sponsor that will soon allow investors to follow the investing trends of tycoons such as Warren Buffett, Carl Icahn, Daniel Loeb and David Einhorn, said Raul Moreno, the company's chief executive.
BUSINESS
April 14, 1996
The tortoise has caught the hare: Small-company stocks, as measured by the Russell 2,000 stock index, are up 4.8% on average this year, while the blue-chip Standard & Poor's 500 index's price gain has shrunk to 3.4%. Blue-chip stocks had roared out of the box early in the year, adding to last year's big gains. But in recent weeks the S&P stocks have been slammed, partly by worries that the strengthening U.S. dollar will hurt blue-chip multinationals' earnings.
BUSINESS
May 20, 2013 | By Ronald D. White
Baby boomers should be reviewing their retirement portfolios once a year and tweaking or re-balancing them, if necessary, says Delia Fernandez, a fee-only certified financial planner. Fernandez is the founder of Fernandez Financial Advisory in Los Alamitos. She had that suggestion and more for Marymount College math professor Patrick Webster, 63 and his wife Susie Martin, 54, who also works at Marymount. GALLERY: Bank failures that drained deposit-insurance funds The couple had managed to amass savings of more than $1 million, but they were still worried.
CALIFORNIA | LOCAL
January 26, 1996 | RUSS LOAR
The city has adopted a new investment policy that council members say reflects a more cautious and informed approach to money management. "It will keep what happened with the Orange County bankruptcy from ever happening again," Mayor Michael Ward said. The new policy requires diversification of the city's investments and approval from the city manager for single investments greater than $3 million that carry a maturity date longer than three years.
BUSINESS
December 16, 1992 | KATHY M. KRISTOF
Every year at this time, Mitchell Kauffman starts calling his clients, reminding them that it's time to review their savings and investment plans. Year-end reviews can be onerous simply because they come at a tumultuous time, but they are equally necessary, according to the Pasadena-based financial planner. By acting now, you may be able to diminish your tax liability, Kauffman notes.
ENTERTAINMENT
April 22, 2014 | By Meg James
The Chernin Group and AT&T have formed a venture to invest more than $500 million in online video services, increasing their reach in a rapidly expanding market that competes with traditional television channels. Chernin Group, run by the former Fox president Peter Chernin, is contributing to the new venture its majority stake in Crunchyroll , a subscription video-on-demand service that specializes in Japanese animation known as anime. In announcing the venture Tuesday, the two companies did not identify what properties they might want to buy. The goal, they said, was to invest in advertising and subscription video-on-demand channels and streaming services.
BUSINESS
April 15, 2014 | By Lauren Beale
James Van Der Beek of “Dawson's Creek” fame has sold a house in Valley Village for $1,155,250. The 3,017-square-foot house, built in 1936, features a great room with vaulted ceilings, exposed beams, a bonus room and an open kitchen with bar seating. There are four bedrooms and three bathrooms. French doors off the master suite overlook a swimming pool at the rear of the one-story home. Van Der Beek, 37, was on "Don't Trust the B-- in Apartment 23" (2012-13) and stars in new series “Friends With Better Lives.” Striking contemporary in Beverly Crest He paid $1.26 million for the house in 2005 and had been leasing it out for nearly $5,000 a month, according to the MLS. The property was listed at $1.155 million.
ENTERTAINMENT
April 14, 2014 | By Daniel Miller
China Film Co. Ltd., the largest film distributor in China, has invested in two forthcoming movies from Legendary Entertainment, the Burbank-based film finance and production company. Legendary East, an affiliated company of Legendary Entertainment, said on Monday afternoon that China Film Co. made "an over eight figure equity investment" in the films "Seventh Son" and "Warcraft. " If the pictures are approved for release in China, China Film Co. will distribute them there.
BUSINESS
April 10, 2014 | By Shan Li
Swedish home goods giant Ikea Group is investing in its first wind farm in the U.S., joining a parade of other companies that are venturing into the renewable energy sector. The company purchased Hoopeston Wind, an energy project under construction in Illinois. The wind farm is expected to be up and running by the first half of 2015. Apex Clean Energy, a green power company in Charlottesville, Va., is building and running the project. PHOTOS: World's most expensive cities Steve Howard, chief sustainability offer at Ikea, said the investment will be good for the company's business and the nation's energy independence.
BUSINESS
April 6, 2014 | By Tom Petruno
Why bother with a "go-anywhere" mutual fund? For many investors the answer may be that there's no need. If you have a well-diversified portfolio and a truly long-term focus, your asset mix may suit you just fine. Older investors who are more fearful of severe losses, however, may have a different view. Ditto for investors who are looking to put money to work now but are wary with many stocks near record highs and with bond yields depressed. Chris Hauswirth, a principal at investment advisory firm Wetherby Asset Management in San Francisco, said he uses go-anywhere funds for 5% to 10% of some clients' portfolios, as a way to add diversification.
BUSINESS
April 6, 2014 | By Tom Petruno
Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets. But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave. This is when it should pay for a money manager to have maximum flexibility: the option to go almost anywhere with investors' dollars in search of decent returns. That could include stocks, bonds, real estate or commodities, for example.
ENTERTAINMENT
September 21, 1991 | From Religious News Service
Ask and ye shall receive. That is a lesson the Evangelical Lutheran Church in America has learned--a lesson that could prove valuable to the 5.2-million-member denomination, which has run up sizable deficits each fiscal year since its founding in 1988. In August, 1990, 13 congregations had to put their building plans on hold because the church's property and building loan fund had simply run out of available cash. But now, a year later, no one has to wait.
BUSINESS
June 22, 2007 | From Times Wire Services
The International Trade Union Confederation, which represents workers in 135 countries, warned pension funds about investing in private equity and hedge funds, calling for greater regulation of the industry. Private equity funds don't generate better long-term returns than other investments, the Brussels-based group asserted in a statement Thursday, citing research by the University of Amsterdam.
BUSINESS
April 5, 2014 | Liz Weston, Money Talk
Dear Liz: I am in a new relationship with a great woman. I've talked a little bit about money and retirement with her (she's 30). I am trying to let her know that it would be wise to contribute at least enough to her company's retirement program to get the full match. What are some books or articles that would show her the importance of saving for retirement? I like her, but this can be a deal breaker for me. What is the best way to introduce her to personal finances without scaring her?
SPORTS
April 2, 2014 | By Chris Foster
A former sports agent says he provided payments to a basketball star while the player competed in high school and for UCLA. Noah Lookofsky said Tyler Honeycutt and Honeycutt's mother, Lisa Stazel, were given money to cover rent, travel and the down payment on a car as the agent tried to coax them toward a representation agreement. Lookofsky said during a phone interview Wednesday afternoon that he had documentation proving he invested more than $55,000 in Honeycutt, but that "the true number is actually north of $100,000.
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