Financially Fit - Yahoo Finance

  • Live blog: What’s happening with Alibaba’s IPO?

    The big day has arrived, and the Chinese company that 88 percent of Americans have never heard of is making history on the New York Stock Exchange. For the business back story and analysis of how its IPO could impact America’s tech scene, check our previous coverage. 1:00 pm pt – Alibaba has closed…

    Gigaom
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  • PepsiCo boss decries NFL problems, backs Goodell

    PepsiCo Inc.'s CEO Indra Nooyi has made a double-edged statement on the NFL's problems handling domestic violence, calling some players' behavior "repugnant" but saying that Commissioner Roger Goodell is "a man of integrity." The boss of the maker of Pepsi, Gatorade and Doritos, one of the league's…

    Associated Press
  • Lacker Says He Opposes Fed Plan to Hold Mortgage-Backed Assets

    Federal Reserve Bank of Richmond President Jeffrey Lacker said he couldn’t fully support the central bank’s revised exit strategy released this week because he opposes a measure to hold mortgage-backed securities. “I believe this approach unnecessarily prolongs our interference in the allocation of…

    Bloomberg
  • Personal Finance: Use 401(k) to pay down mortgage?

    Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND.My wife and I are thinking of paying down the mortgage on our house with money in our 401(k) plans. — David Love, Bedford, TexasAt a very high level, you will owe income tax on any pre-tax portion of the…

    USA TODAY
  • What Roth Owners Should Do if They Exceed the Income Limit

    You can avoid the 6% penalty on the money you contributed if you take your 2014 contributions (and any earnings on them) out of the Roth before the tax-filing deadline on April 15, 2015 (or October 15, 2015, if you file an extension). You can also avoid the penalty and taxes if you have your IRA…

    Kiplinger
  • Toyota recalling 20,000 late-model vehicles on potential fuel leak

    Toyota Motor Corp said on Thursday it will recall about 20,000 vehicles worldwide for possible fuel leaks. Most of the affected vehicles are in the United States but were also shipped to other countries, Toyota said. Toyota Motor Sales USA said the recall involves vehicles with its 2GR-FE engine.

    Reuters
  • 3 Lessons An Investor Learned After Losing His Job, Reputation, And $1.6 Million

    The late Jim Paul went from a poor Kentucky boy to serving on the board of governors of the Chicago Mercantile Exchange through a series of lucky breaks and smart investments. By 1990 he was working in the futures research department at Morgan Stanley Dean Witter & Co., managing a team that…

    Business Insider
  • Mortgage Rates Hit 3.00% APR (5/1 ARM)

    $225,000 for $949/month. No points. No obligation. Get multiple mortgage offers in minutes. Can't hurt to look. Rate quotes are Free!

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    Analyst: Alibaba Stock Is Priced Conservatively

    Morningstar director of equity research R.J. Hottovy joins MoneyBeat and explains why he views the company's shares priced conservatively at its IPO.

    WSJ Live
  • Larry Ellison’s Legacy, Ego, Mentorship: Industry Comments

    Larry Ellison stepped down as chief executive officer of Oracle Corp. (ORCL) , closing a chapter in a career filled with aggressive competition, flamboyant spending and spectacular profits. Scott McNealy, former CEO of Sun Microsystems Inc., an Oracle competitor that Ellison eventually acquired:…

    Bloomberg
  • Buffett Says Burger King Taxes Show Other Logic for Hortons Deal

    Billionaire investor Warren Buffett , who agreed to help finance Burger King Worldwide Inc. (BKW)’s planned takeover of coffee-and-doughnut chain Tim Hortons (THI) Inc., said the deal wasn’t motivated by taxes. “The highest amount of federal taxes that Burger King has paid in any of the last three…

    Bloomberg
  • Silver Is Getting Crushed

    Silver is getting crushed. On Friday, Silver fell more than 3% to less than $18 an ounce, its lowest level in more than four years. The price of gold also fell about 0.8% and touched its lowest level since January.

    Business Insider
  • Chinese buyers lead charge in iPhone 6 global debut

    Buyers from China, deprived of the latest iPhone launch at home, were Friday among the first in line in Japan to grab the "6" and its new large-screen cousin as Apple hit back at rivals. Licensing problems in China meant the global rollout went ahead without the huge and lucrative market, in a blow…

    AFP
  • Micex Falls on Evtushenkov Arrest, Ukraine: Russia Reality Check

    Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent annexation of the Black Sea peninsula. The Micex Index fell 0.9 percent to 1,436.25 at 1:02 p.m. in Moscow, giving a loss since Feb. 28, the day before President Vladimir Putin ’s…

    Bloomberg
  • Often Overlooked Method to Pay Off Mortgage

    If you own a home and pay for a mortgage, you could reduce your payments by an average of $4,100 a year. Here is how it works.

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    Wall Street Gears Up for Alibaba IPO

    European markets are up after Scotland's independence vote, plus investors look to Alibaba's IPO rolling out on Friday morning. MarketWatch's Sital Patel discusses on the News Hub. Photo: Getty

    WSJ Live
  • Pabst Brewing to be sold to Russian company

    The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake in Pabst.

    Associated Press
  • Can Sears Close 2,300 Stores?

    In a widely publicized note to investors, Gary Balter of Credit Suisse said that it is best that Sears Holdings Corp. (SHLD) close its Sears and Kmart locations while they, and the inventory they sell, still have value. Sears Holdings operates about 2,350 stories. Sears is generating negative…

    24/7 Wall St.
  • Bitcoin tanks, is Alibaba to blame?

    The price of bitcoin has plummeted in the past few days, and some are blaming the Alibaba IPO for the virtual currency's fall. Members of the bitcoin community are pointing fingers at the e-commerce giant's IPO, suggesting that tech-minded China-centric money is being pulled out of the currency in…

    CNBC
  • 'Bubble in everything, everywhere': Marc Faber

    Even after the Dow (Dow Jones Global Indexes: .DJI) and the S&P 500 (^GSPC) closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm. Faber has long argued that the Federal Reserve's massive asset purchasing programs and near-zero interest rates have inflated…

    CNBC
  • Investors breathe sigh of relief at Scottish vote

    Scotland's decision to reject independence from the United Kingdom gave British markets a short-term lift Friday but worries over future constitutional changes kept a lid on the relief rally. The No campaign won 55.3 percent of the votes cast in Thursday's referendum against 44.7 percent who backed…

    Associated Press
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  • Tesla Drops as Goldman Says $6 Billion Needed for Growth

    Tesla Motors Inc. (TSLA) fell after a Goldman Sachs Group Inc. analyst said the company may need at least $6 billion in capital as it builds a battery factory to boost production of its premium electric cars. The automaker led by Elon Musk is targeting a 100,000-unit production pace by late next…

    Bloomberg