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Imagine opening your credit card statement one morning and discovering to your horror that you suddenly owe thousands of dollars – on purchases that you never made. Impossible? Credit card fraud on the rise, so you need to treat your card and its information with extreme care. Here are 10 tips to help insure you’re [...]
Smartphones get health-related apps and attachments after a long wait for FDA clearance When Dr. Brian Froelke joined emergency responders in tornado-ravaged Joplin, Mo., in May, he brought along a Toshiba smartphone with a hairbrush-size gadget attached. The device, made by Redmond (Wash.) startup Mobisante, converts a phone into a pocket ultrasound machine. Froelke used [...]
The division’s success is due largely to surging demand in status-conscious emerging markets, but it’s pushing to keep up with new rivals Handmade in England, Vertu phones include screens made of factory-grown sapphire crystals Matthew For his 27th birthday, Mohammed Al-Haj, a marketing executive in Abu Dhabi, hinted to his girlfriend that he wanted a new [...]
Avoiding market beta might be one of the surest ways to dampen portfolio volatility, but investors should be mindful of tradeoffs such as missing out on major market rallies. Over the long haul, however, a heavier allocation to low-beta defensive sectors like consumer staples, health care and utilities is likely to compound for a more [...]
The U.S. Supreme Court refused to revive a bid to sue Bank of America Corp.’s Merrill Lynch unit for allegedly paying 700 black financial advisers less than their white counterparts. The justices today turned away an appeal by 17 current and former company financial advisers who sought to press a class action race-discrimination suit against [...]
State examinations of investment advisers this year have found an uptick in compliance violations, especially involving registration, records, unethical business practices such as signing blank documents, inadequate supervision over trades and advertising issues such as misusing the term “RIA.” Examinations by state securities regulators of 825 investment advisers from Jan. 1 through June 30 turned [...]
Bill Gross, founder of Pacific Investment Management Co., said President Barack Obama’s plan to stimulate the economy with more than $300 billion in tax cuts and spending is inadequate. “I don’t think $300 billion does it,” Gross said today in an interview with Bloomberg Television’s Tom Keene. “I would like to see something bold.” Obama [...]
“Just an old-fashioned love song, comin’ down in three-part harmony.” –Three Dog Night In many ways the global economic crisis is like a marriage gone bad. As the Three Dog Night sang years ago, global economies have functioned harmoniously for many years, but suddenly the love songs have become strident and cacophonous, the policy coordination [...]
The survey of 500 advisers, conducted Aug. 23, found that 68% of the respondents said they have increased their use of alternative investments, with 22% saying that use has “increased substantially” over the past five years. That trend is likely to continue, as 67% of the respondents said their allocation to alternative investments will increase. [...]
Mr. Warmerdam, who oversees more than $3 billion in the technology space from his base in Edinburgh, Scotland, chides U.S.-based tech fund managers for focusing too much attention on the local market. “We spend a lot of time doing research in Europe and Asia, and that helps us take a completely global perspective,” he said. [...]