Business and Finance news

Timothy Hendron, who is believed to have gone on a homicidal rampage at his workplace Thursday, was suing his employer and Fidelity Management Trust Co., the mutual fund giant. He claimed that he and fellow employees were victimized by excessive fees charged in their 401(k) retirement plan.
Hendron, of Webster Groves, was one of […]

"Life is like a box of chocolates. You never know what you’re gonna get," Forrest Gump said in the classic 1994 film.
The same goes for buying a computer. It’s a box hiding items of varying quality inside.
I recently helped two frustrated HP buyers get replacements and another HP buyer get a repair for computers […]

A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them.
The group said their plan, submitted to Six Flags’ board of directors on November 25, was supported by noteholders owning more than $500 million of […]

Twitter Inc. will reportedly try premium accounts in Japan through its subsidiary there, according to reports from Asia on Friday.
Media Asia reported that an official from DG Mobile, a subsidiary of Twitter's Japanese partner Digital Garage, talked about the plans at the Mobidec2009 conference.
The site said the premium accounts will show some text on tweets […]

In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic.
Another 2.3 million homeowners are within 5% of negative territory, […]

Wal-Mart’s much-awaited Black Friday deals will focus on a gamut of gadgets such as high-definition TVs, laptops and Blu-ray players, as well as holiday gift favorites such as toys and DVDs, according to a copy of the retailer’s circular obtained by CNNMoney.com.
While not confirming the entire circular, a Wal-Mart spokeswoman confirmed some of the […]

The Hawaii Medical Service Association lost $32 million in the third quarter — a result of continued hits from rising health-care costs and declining investment income.
It lost approximately $19 million during the same period last year.
The state’s largest health plan collected $411.1 million in premiums in the third quarter and paid out $403.9 million in […]

Nasdaq OMX Group said the number of Greater China companies that list on its exchange could double in as little as two years, fueled by a growing appetite for these shares from a wider range of U.S. institutional investors.
Three of the top 10 performing initial public share offerings in the United States this year […]

Wall Street cash bonuses are set to increase by about 40 percent this year, the Wall Street Journal said citing a report by compensation consulting firm Johnson Associates.
In a report to be released later on Thursday, Johnson Associates projects that the biggest increases in year-end cash bonuses and equity awards will go to employees […]

Asia needs to reassess its strategy for future growth and reduce its over-reliance on exports, said Malaysia’s central bank governor, Zeti Akhtar Aziz.
Global economic conditions will remain volatile for a while, she said in a speech in Kuala Lumpur today.
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