News

Joe Paterno,Spanier Fired For "Failure of Leadership" Penn St. Board Says

Penn State's Board of Trustees on Monday defended its firing of legendary football coach Joe Paterno and the university's president, saying they showed a "failure of leadership" in not doing more when alerted to suspicions of child sexual abuse by former assistant coach Jerry Sandusky.

Top 10 Most Competitive Cities in The World by Citigroup

Housing more than half of the world's population and producing 80% of global GDP, cities are more important than ever before to the world's societal and economic development. Recognizing the rapid growth of the city as an economic driver, Citigroup has made a ranking of the world's most competitive cities.

Britain’s Most Expensive House Sold for £120m

Unamed Ukrainian makes Hanover Lodge in Regent’s Park most expensive home in UK Hanover Lodge in Regent's Park, central London, is set to become the most expensive house in Britain when it is sold in the next few days for £120m.
  • Banks, miners boost FTSE ahead Fed meeting, US data
    Banks and miners were firmer at midday on Tuesday as FTSE 100 neared 2012 highs ahead of a U.S. Fed meeting and U.S. consumer data, while insurers supported the gains after results from Prudential and Standard Life .
  • Global Billionaires Settling in New Zealand
    New Zealand is becoming a favourite dwelling place for billionaires around the world, the New Zealand Herald reports. The Herald lists American Facebook billionaire Peter Thiel, Russian steel billionaire Alexander Abramov, and New York Empire State Building’s Tony Malkin as among those who have recently been drawn to New Zealand.
  • All change in the Spanish property lending market
    Spanish Prime Minister Mariano Rajoy is on a clean up mission to try to put his country's mortgage market back on track.Gone are the days when local newspapers had adverts offering fake P60s for credit purposes but it could take some time for the lending industry to become more mature, according to experts.
  • Chicago-area House Featured in 'Home Alone' Movies Sold For $1.6M
    The stately red brick house featured in the 1990 comedy film "Home Alone" has sold for nearly $1.6 million, a person involved in the transaction said on Saturday.
  • UK lenders line up for govt’s NewBuy scheme
    Three of the UK's leading lenders will offer 95% Loan to Value (LTV) mortgages on properties built by Barratt, Bellway, Bovis, Persimmon, Redrow and Taylor Wimpey as part of the government's NewBuy schemeunveiled today (Monday 12 March).
  • New York Named Most Competitive Global City: Citigroup
    New York is the most competitive city in the world, according to a new survey by Citigroup and the Economist Intelligence Unit.
  • Retirement Plans: Growing Numbers Work Into Retirement
    Starting a couple of decades early might seem extreme, but it isn't. Planning ahead gives you time to save more, switch careers, and make the best decisions about healthcare and Social Security. Here are a few ways of retirement plans...
  • Retirement Plans: When to Start Tapping Social Security
    Unless you're exceptionally wealthy, your biggest financial risk in retirement is outliving your money. Experts agree the best defense is your Social Security benefit - a stream of inflation-adjusted, government-backed income that lasts as long as you do and continues for your spouse's lifetime after you die.
  • Mortgage Deal : Government Promises Tough Oversight
    The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.
  • Retirement Plans: Is an Annuity in Your Future?
    The Treasury recently unveiled a series of proposed regulations and rules aimed at promoting the use of annuitization. Some of the proposals involve enhanced features in traditional defined benefit retirement plans.But one focuses on a little-used form of annuity known as a longevity policy - essentially a deferred annuity that can be bought well ahead of retirement with payouts delayed to an advanced age.