Archive for July 1st, 2008
China quake spurs calls for private charities - Financial Times
Chinese companies are calling for a new charities law in the wake of the devastating earthquake in Sichuan to grant them to set up private foundations, a move that could open up space for civil society in China. China’s new generation of wealthy
Mining companies agree to $20.5 million settlement - Rocky Mountain News
Two mining giants have concurred to pay Colorado $20.5 million to compensate for a legacy of polluted streams, fish kills and contaminated groundwater from decades of hard rock mining around Leadville. Under terms of a consent decree to be filed in U.S
Navistar’s Mexico Subsidiary Signs Agreement with CNR to Offer - MSN MoneyCentral
Responding to the growing demand for telematics solutions in Mexico, affiliates of leading truck maker Navistar and innovative telecommunications leader Qualcomm are collaborating to expand the availability of mobile communications systems designed
UPDATE 1-Sumitomo says consortium winning $5 bln Saudi project - Reuters
TOKYO, July 2 (Reuters) - Japanese trading house Sumitomo Corp (8053.T: Quote , Profile , Research , Stock Buzz ) stated on Wednesday its consortium has won preferential rights to join a 500-600 billion yen ($4.7-5.7 billion) power and water
Premium Company Profile - Fiserv, Inc. - New Research Report on - PR Inside
2008-07-02 02:31:17 - www.companiesandmarkets.com adds new report - Premium Company Profile - Fiserv, Inc. www.companiesandmarkets.com/Summary-Company-Profile/Premium-Comp .. Introduction A continuous acquisition spree coupled with the implementation
Italian company buys Austin-based Teres Solutions; area companies move - Austin American-Statesman
Austin-based Valence Technology Inc. was added to the Russell 3000 index, which tracks the performance of the biggest 3,000 companies based on market value. Valence was one of 30 companies added to the list, which Russell adjusts yearly. Austin-based
R.I. high court overturns lead paint verdict - Los Angeles Times
PROVIDENCE, R.I. — Rhode Island’s Supreme Court on Tuesday overturned a first-in-the-nation jury verdict that found three former lead paint companies responsible for creating a public nuisance, rejecting a closely watched case that had been seen as
MGM MIRAGE Named One of Black Enterprise’s ‘40 Ideal Companies for - Earthtimes
LAS VEGAS , July 1 — For the fourth consecutive year, Black Enterprise (BE) magazine has named MGM MIRAGE one of the “40 Best Companies for Diversity” in the U.S. MGM MIRAGE is the only company in the gaming industry named to the list. “MGM MIRAGE
R.I. high court overturns lead paint verdict - Forbes
Rhode Island’s Supreme Court on Tuesday overturned a first-in-the-nation jury verdict that found three former lead paint companies responsible for creating a public nuisance, rejecting a closely watched case that had been seen as a bellwether for
Insight Enterprises, Inc. Appoints New Member to Board of Directors - MSN MoneyCentral
Insight Enterprises, Inc. (the “ Company ” ) NSIT , a leading, global provider of technology solutions, this day announced that Anthony A. Ibarg ü en has been appointed to the Company’s Board of Directors effective July 1, 2008. “I am very pleased
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Filed under: Estates
Today’s home comes front the land down under. This penthouse in the heart of Sydney, Australia has views over Sydney’s Botanical Gardens. The three story unit is located in the northern half of the Macquarie Apartments building designed by Renzo Piano. The modern glass and terracotta building lends itself to contemporary interior design. This apartment has an open floor plan and huge windows and a terrace to like the view. There’s also a private roof terrace with gardens and a whirlpool tub.
For more prime properties and lush locations, see Luxury Homes and Mansions.
Continue reading Macquarie Penthouse, Estate of the Day
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Posted by: in Your Business
In recognition of National Retirement Planning Month in July, I interviewed Bill Losey, America’s Retirement StrategistTM , author of the book Retire in a Weekend: The Baby Boomer’s Guide to Making Work Optional. Bill is a Certified Financial PlannerTM and a Certified Senior Advisor and he has lots to say to those of us who are now or will soon be thinking about retirement. Over the next few weeks, I’ll be presenting questions I asked Bill and his responses. Here’s the first question:
Q: Bill, you define retirement as “making work optional.†What does that mean?
A: Most baby boomers over the age of 50 are either actively thinking about retirement or are in a “pre-retirement†stage. Many of them are getting tired of the “grind†of the alarm clock, the red tape, and the office politics in a large corporation. They need a break. So they think about retiring.
But this is a tough time to retire. With all the “doom and gloom†in the news media, people in their 50’s and early 60’s are worried about their financial futures. I did a survey a year ago of over 12,000 baby boomers and asked them their biggest concerns about retirement. Here is what they said:
Outliving my money - 38%
Failing/losing my health – 19%
Keeping up with inflation – 16%
Paying too much in taxes – 14%
Stock market volatility – 10%
I want to help people do what they LOVE to do and have the financial freedom to do it, without the worries. Your dream might be to work part-time, or start a business, or take a traditional retirement, doing away with work altogether. I can help you do the planning and goal-setting necessary for effective pre-retirement planning so you and other baby boomers can work or not work… it’s optional.
 Tomorrow, I’ll have more on National Retirement Planning Month (including a cool offer from Bill - you can get a sneak preview by going to the website) and Bill’s answer to the next question: “What’s the single biggest mistake baby boomers make in planning their retirements?”
Tags: baby boomers, Bill Losey, national retirement planning month, retirement planning
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Posted by: in Your Business
My post yesterday about Boomers vs. Gen X’ers as shoppers got me to wondering about the differences between men and women as shoppers. So I did some research and I’ve some comments on how this research might affect your business:
Of course, not everyone follows the “model.” My husband tends to shop more like a woman, and he enjoys shopping, which has always surprised me. On the other hand, I shop more like a man; I’m not interested in wandering from store to store looking for just the right thing. I’d rather get in, buy what I want, and get out. I think about it a colossal waste of time, which is why I do most of my shopping on the web. I haven’t been to a mall in years.So what does all of this information (from research studies, by the way) do for you as a small business retailer? It depends on the kind of business you have, and what type of customers. Here are some thoughts/suggestions:
- For most businesses, recognize that women are your primary customers and that they’ll be doing most of the buying. Women buy most of the automobiles, for example, although men are supposed to be the automobile buyers.
- Appeal to women’s buying habits (the “grazing” mentality). This means providing information and focusing as much on the relationship you’ve with your customers as you do with the sale. For example, my favorite clothing store )VonMaur, a midwest retailer) sends out a personal card to me thanking me for my buys, and they’ve pianos playing in each store to add a touch of I-don’t-know-what-but-it-works.
- Boomer women shoppers also like the idea of “value” (the concept that they are getting their money’s worth. Von Maur offers no interest (a higher monthly payment) on all buys, which I see as value.
What other ways could your business benefit from considering the differences between men and women shoppers?
Tags: baby boomers, men and women, sex, shopping
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Stocks: New quarter, old fears - CNN Money
NEW YORK (CNNMoney.com) — Stocks were poised for a bleak start to the third quarter on Tuesday, as concerns about surging oil prices continued to dog investors. At 7:56 a.m. ET, Nasdaq and S&P futures were lower, with a comparison to fair value
U.K. Stocks Decline; Royal Bank, British Airways, Shire Retreat - Bloomberg
July 1 (Bloomberg) — U.K. stocks fell, extending the worst first-half in 14 years for the FTSE 100 benchmark index, as higher oil prices and reports on housing and manufacturing damped the outlook for the economy. Royal Bank of Scotland Group Plc
Auto stocks slide with poor US sales results ahead - Seattle Times
Shares of General Motors Corp. dropped to their lowest level in more than half a century, and Ford Motor Co. stock tumbled to a new low yesterday, a day before U.S. automakers announce what’s expected to be a bleak monthly report today on auto sales
US STOCKS-Wall St set to open lower on oil, financial stocks - Reuters
NEW YORK, July 1 (Reuters) - U.S. stock futures on Tuesday pointed to a sharply lower market open, weighed down by climbing oil prices and investor wariness of over a slump in European financial stocks. A lower begin for Wall Street would follow a
GLOBAL MARKETS-Battering for stocks as H2 starts, oil at $142 - Forbes
LONDON, July 1 (Reuters) - The second half of 2008 got off to a brutal start for equity investors on Tuesday as worries about the banking sector battered European stocks and inflation fears increased with oil costing around $142 a barrel. Wall Street
Stocks Decline in Europe, Asia; U.S. Index Futures Retreat - Bloomberg
July 1 (Bloomberg) — Stocks fell in Europe and Asia, extending the MSCI World Index’s worst first half in a quarter century, as higher oil and reports on housing and manufacturing recommended the global economy will slow. U.S. index futures slid
Market Report — Story Stocks (SCHN) - MSN MoneyCentral
Schnitzer Steel (SCHN 114.60) reported third quarter (May) earnings of $2.14 per share, $0.27 better than the First Call consensus of $1.87. Revenues rose 37.0% year-over-year to $972 million versus the $937.7 million consensus estimate. The company
Market Report — Story Stocks (FO) - MSN MoneyCentral
Fortune Brands (FO 62.41) stated, “weakening consumer sentiment in the U.S., the ongoing correction in the U.S. housing market, and a massive and unexpected Australian tax increase on ready-to-drink spirits products have together created a more
HEADLINE STOCKS-Some U.S. stocks to watch on July 1 - Reuters
Shares of the investment bank rose 4.1 percent to $20.62 in extended trade on Monday after CNBC TV stated Morgan Stanley had initiated Lehman’s shares with an “overweight” rating. InBev (INTB.BR: Quote , Profile , Research , Stock Buzz ) stuck
Stocks head to lower open in 1st day of quarter - Newsday
NEW YORK - Wall Street appeared headed for a sluggish begin to the third quarter Tuesday, hurt by ongoing concerns about the damage rising oil prices will do to the economy. Crude oil held above $142 a barrel in premarket trading after briefly
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Posted by: in Your Business
I recently read an on the internet article about a retailer who described what he saw as the difference between Baby Boomers and Generation X’ers (those born between 1965 and 1980; i.e., children of Boomers) as shoppers.
For those of you boomers who own retail businesses, the differences might be important.
Baby boomers, this retailer said, were more careful, more patient shoppers, and they were more concerned about what he described as “provenance” (where the thing came from).
Gen X’ers, on the other hand, were described as mostly concerned with getting it bought (the Cable Guy “giterdone” philosophy). I took that to mean they weren’t as careful as shoppers.
If you’re a retailer, what has been your experience with Boomer shoppers vs. Gen X shoppers?
How would you market differently to a Boomer vs. a Gen X’er?
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