According to Thomson Reuters LPC, U.S. companies have access to $787 billion in revolving lines of credit. This is down significantly from 2011′s $1.28 trillion. The reduction is due in large part to companies holding back on requests for credit lines due to the uncertainty of the now-passed 2012 elections, as [...]
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According to a recent study by T. Rowe Price, over 70 percent of investors aged 21 to 50 list retirement savings as their number one financial goal. But when compared to how they actually spend their money, there is a clear mismatch between what they say is their goal and how [...]
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One of the most stressful retirement-related decisions is choosing when you will actually do it. If you retire too early you may not have enough money to cover your expenses for the rest of your life; retire too late and you are missing out on the joys of retirement.
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Homeowners who lost their homes to foreclosure in 2009 or 2010 have until December 31st to request a free, independent review to ensure that they were treated fairly and that the process was handled legally.
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As conditions in the northeast gradually return to normal, many small-business owners are faced with the daunting task of rebuilding their businesses. In some cases, the damage to the store, warehouse or facility may be so great that repairing it isn’t worth it. In other cases the insurance policy payout may [...]
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Early stage businesses govern their operations more by vision than by a budget. This makes sense, because without a track record it’s difficult to develop a credible budget. But over time as the business expands, it needs structure to grow successfully.
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The U.S. dollar fell in value relative to other benchmark currencies last night as President Obama’s re-election was confirmed. Currency investors understand that his re-election means that the Federal Reserve will continue its policy of “quantitative easing,” which has the effect of diluting the value of the dollar.
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If your company needs to borrow $10 million, most large banks will fight for your business. But what if you need to borrow $10,000? Don’t expect the same treatment or an approval.
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Access to basic banking services has become more expensive in recent years. As banks look to offset loan and other losses, they are increasing the fees they charge consumers and small-business owners for paid services and converting previously free services (like checking) to paid.
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The Group of 20 Finance Ministers and Central Bank Governors, also known as the G20, is an influential group composed of the top financial representatives of the 19 largest economies in the world and the European Union’s Central Bank Chief. The G20 was formed in 1999 and they meet regularly to [...]
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