tagged w/ Financial Health
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DETROIT (Reuters) – Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co, a spokeswoman for his investment firm, Tracinda Corp, said on Monday.
Tracinda, which briefly ranked as Ford's largest outside investor earlier this year, said in a regulatory filing in October that it had begun working with bankers to sell the 133.5 million shares of the No. 2 U.S. automaker it still held at that time.
It was not immediately clear when Tracinda had completed those remaining sales of Ford stock.
Kerkorian's final pullout from Ford completed a costly retreat for the activist investor, who has a mixed track record with investments at all three Detroit-based automakers.
A spokesman for Ford could not immediately be reached for comment.
Kerkorian, 91, previously held a nearly 10-percent stake in General Motors Corp and made a failed bid for Chrysler LLC last year.
He surprised analysts and investors in April when he began buying Ford shares and spent over $1 billion to take a stake in Ford at an average price per share of $7.10.
At its peak, Kerkorian held a 6.5 percent stake in Ford and had offered in June to support the automaker's turnaround efforts with an infusion of additional capital.DETROIT (Reuters) – Billionaire investor Kirk Kerkorian has sold off all of his... more
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More than 20 million internet users in Pakistan.
Increasing every two seconds by another person.
In today’s busier than ever world everyone wants to have the easiest possible ways of doing business.
Housing is one of the major basic needs.
In order to provide facility Pakistan Housing is introducing a web portal for Housing.
Housing Portal will serve 82+ Housing Industries.
Housing Portal simplifies the way of doing online business with its unique features and cutting-edge technologies.
More than 20 million internet users in Pakistan.
Increasing every two seconds by... more
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Dubai Housing Launch There website
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The New York Times has an article that tells the unfortunate tale of Diane McLeod and her love affair with debt. She started out "debt free" when she got married, but after a divorce she'd managed to accrue $25,000 in credit card debt. Despite not having a down payment or any assets, Diane was given a $135,000 mortgage. Over the next few years, illness, underemployment, and shockingly irresponsible spending combined disastrously with the bank's willingness to refinance her loan as her home appreciated (for a fee, of course). 5 years later, Diane owes $237,000 on her mortgage. She's in foreclosure now, and a recent sheriff's auction of the home did not draw a single bidder. A similar house down the street recently sold for $84,000 less than she owes on her home.
Why are Americans so willing to do this to themselves? The article explains that as few as 40 years ago, we were a thrifty nation full of "savers," and that banks were focused on whether or not you could repay your loan and not the "fees" they could get from loans before they were sold to investors. We know that there were changes to the financial system. What happened to our values?The New York Times has an article that tells the unfortunate tale of Diane McLeod and... more
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DiscoverEdge's Managing Editor Ilyce Glink visited the Consumer Electronics Show in Las Vegas, Nevada and is bringing you newest energy saving tips and coolest technology available in the market.
Electric motorcycles, solar-powered-tech-charging backpacks and more, see what's green in tech!DiscoverEdge's Managing Editor Ilyce Glink visited the Consumer Electronics Show in... more
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A seller asks about putting money down for a buyer who has no down payment. Lenders want to see buyers put down their own down payment, otherwise it could be seen as mortgage fraud. In this case, it would be mortgage fraud because it would appear that the buyer has money she really does not have. The seller can help the buyer with closing costs and not incur mortgage fraud.A seller asks about putting money down for a buyer who has no down payment. Lenders... more
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A home owner asks about replacing synthetic stucco before selling his home. While in this case the EIFS, or synthetic stucco, has been problem free, the seller worries about the siding's stigma. Ilyce suggests researching whether replacing the EIFS will be cost-effective. A home owner asks about replacing synthetic stucco before selling his home. While in... more
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A buyer asks about a condominium sale. She purchased the condominium because the living room had a partition in it. Before the condominium sale is finalized, the condo board wants the seller to remove the partition. The buyer no longer wants to go through with the condominium sale. What are her rights?A buyer asks about a condominium sale. She purchased the condominium because the... more
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A woman asks how her friend can transfer his apartment to her on his death and what the tax basis will be if she chooses to sell the place. If a property is transferred on death the tax basis is the value of the property on the day of the transfer. If the new owner sells the property right away she will pay no tax.A woman asks how her friend can transfer his apartment to her on his death and what... more
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Melanie Rogers blogs on thinkglink.com about the latest celebrities to be caught up in bad finances and foreclosure trouble.
Yes, it can even happen to celebrities.
Canseco lost his 7,300-square-foot Encino, Calif., home to foreclosure. Sprewell lost his Milwaukee home and Michael Jackson just missed losing his Neverland Ranch to foreclosure. Melanie Rogers blogs on thinkglink.com about the latest celebrities to be caught up in... more
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A woman says she signed a quitclaim deed to her ex-husband and then he died without a will. She wonders who owns the property after his death and her signing of the quitclaim deed. It depends on state laws but first claim usually goes to family members.A woman says she signed a quitclaim deed to her ex-husband and then he died without a... more
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An adult child asks about his parents' estate planning. He says his parents transferred property titles to his name and he wants to know whether he can be sued. Ilyce explains tax issues to consider in estate planning and how to manage liability as a property owner.An adult child asks about his parents' estate planning. He says his parents... more
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Your credit history includes your use of credit such as credit cards and bank loans. Ilyce explains the different parts of a credit history and how they impact credit scores. Having access to credit over a long period of time helps you to have a high credit score.Your credit history includes your use of credit such as credit cards and bank loans.... more
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Say it ain't so.
Former Tonight Show sidekick and Publisher's Clearinghouse $10 million giveaway boy Ed McMahon is facing foreclosure on his Mulholland Drive house in Britney Spears neighborhood. He owes $4.2 million to Countrywide and his house has been for sale for 2 years for $6.8 million.
According to the AP wire story, McMahon hasn't been able to work since he broke his neck 18 months ago. One has to wonder where all the cash from his Johnny Carson days went.Say it ain't so.
Former Tonight Show sidekick and Publisher's Clearinghouse $10... more
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If you're thinking you may be laid off in the next few months and are longing for the security of a government job now may be a good time to start applying.
It can take months to go through the hiring process because of background checks and security clearance procedures. And your resume may have to follow a different format. Check out USAJobs.gov for openings.
Local, state and federal governments have added more than 50,000 jobs this year so far, according to Challenger, Gray and Christmas, a global outplacement consultancy firm. The firm announced that it believes the federal government has at least 100,000 current openings.
If you visit local and state government Web sites you'll likely find additional job opportunities.
One factor impacting the government's strong hiring drive is impending retirements. Fifty-eight percent of supervisory and 42 percent of non-supervisory federal workers will be eligible to retire by the end of fiscal year 2010, Challenger says, citing the Partnership for Public Service.
Other reasons to consider federal employment include pension opportunities and educational benefits. Harvard is offering to waive $41,000 of law school tuition for those who plan to work in the public sector, according to Challenger.
There are, of course, downsides to working in government, but for many it can lead to a fulfilling career.
To view this article (by Melanie Rogers) in full, check it as well as other great articles out at http://www.thinkglink.com/blog.asp
If you're thinking you may be laid off in the next few months and are longing for the... more
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Magazine scams are not what you'd consider traditional identity theft. In a magazine scam you pay for a subscription, but the publisher keeps sending you renewal notices. To avert a magazine scam, pay careful attention to who is selling you the subscription.Magazine scams are not what you'd consider traditional identity theft. In a magazine... more
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When you're in the market to buy a home you should ask yourself if you want a new or existing home. If you want to buy a new home make sure to research the developer. If you're buying an existing home you may face renovation costs.When you're in the market to buy a home you should ask yourself if you want a new or... more
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What happens to someone's credit card debt when they die? Personal finance expert Ilyce Glink answers that question in her daily blog at thinkglink.comWhat happens to someone's credit card debt when they die? Personal finance expert... more
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To qualify for a loan, first time home buyers need a credit score of at least 660 unless they try for an FHA loan. Ilyce discusses which first time home buyers are good candidates for an FHA loan and what it takes to qualify.To qualify for a loan, first time home buyers need a credit score of at least 660... more
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Once you have decided to buy a home, you may decide you want to work with a broker or an agent. Brokers and agents provide a variety of services to home buyers. These include education, legwork and guidance.Once you have decided to buy a home, you may decide you want to work with a broker or... more
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