May 19th, 2012 | 
Author: Relaxing in a restaurant, satisfied after a good meal and maybe a glass of wine, it’s easy to dream about what it would be like to own the place.
What has kept this dream at bay, for me at least, is having two friends who invested in restaurants and struggled mightily. One spends every weekend working in the kitchen after spending the week working on Wall Street. The other told me recently that he was still dealing with financial claims from a Manhattan restaurant that closed a year ago, when his former partner moved to Los Angeles.
These are the type of stories that give investing in restaurants a bad name. But plenty of people find ways to run restaurants profitably...
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By Pamela McLoughlin, Register Staff
pmcloughlin@nhregister.com / Twitter: @mcpamskids
MADISON If all goes according to plan, RJ Julia Booksellers will be mobbed between 2 pm and 5 pm May 19.
How can anyone predict that?
The popular store will be the first in a series of cash mob events planned for the region, an effort to stimulate local businesses.
You just show the love to your local retailer, is how the concept was characterized by Barbara Malmberg, director of marketing for Visit New Haven and REX, a public/private partnership promoting economic development in South Central Connecticut,
Here’s a nice example of why there’s a value to foreign law in the investment markets. Greece has paid out, in full and at 100%, on an English law bond just after the agreed default and 70% haircuts on all of their Greek law bonds. An object lesson perhaps in our not wanting the people who owe us the money to be the people who can set the rules about how they repay us that money.
Bondholders, who were forced to accept losses of around 75pc on their debt two months ago or lose everything, hired lawyers to claim they were “fraudulently misled” after Athens repaid EUR435m to debtors who resisted the restructuring.
That claim’s...
Japanese Market Drifts Lower
(RTTNews.com) – The Japanese stock market is trading lower on Wednesday with weak machinery data and concerns about the political and economic situation in Greece weighing on sentiment to a notable extent. The yens surge against the euro – it rose to the lower-102 level – also contributed to the weak start for stocks.
Automobile and bank stocks are mostly trading weak. Retail, shipbuilding and paper stocks are also drifting lower, while marine transport, steel, food and chemicals stocks are trading mixed.
The benchmark Nikkei 225 index, which declined to 8,825, is currently trading at 8,844, down 56.7 points or 0.6 percent...
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May 15, 2012
Facebook stock goes public this week for the first time. That’s got at least some of the site’s 900 million plus users thinking it’s a good time to start investing. Host Michel Martin asks personal finance expert Louis Barajas what new investors need to know when they’re ready to take their first steps.
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MICHEL MARTIN,...
May 16, 2012 /24-7PressRelease/ — Some in the New Jersey legislature would like to change current automobile insurance laws to curb escalating costs to auto insurers. However, such reforms have the potential to ultimately deny critical medical care for those injured in automobile accidents.
NEW YORK, May 15, 2012 — /PRNewswire/ — Dow Jones will bring together institutional investors from global endowments, pension funds, family offices and fund-of-funds to share their perspectives on investing in private equity, the long-term viability of the asset class, and the returns they expect from established and emerging markets at the Limited Partners Summit. The event will take place May 31 #x2013; June 1 in New York City.
The keynotes include:
- Les Brun, Managing Director Head, Investor Relations, CCMP Capital Advisors
- Mario Giannini, Chief Executive Officer, Hamilton Lane
- Oliver Gottschalg, Founder Head, Research,...
Imagine this scenario: the top tax rate on ordinary income, including interest income, rises 25%. The highest marginal rate on long-term capital gains spikes by 60%. The top dividend tax rate nearly triples.
Sound far-fetched? Unfortunately, it is not. Between the expiration of the Bush tax cuts and the arrival of ObamaCare’s 3.8% surtax, these rates* will become reality in 2013 if Congress does nothing. While we can’t know for certain how this will all play out, I think investors would be wise to proactively review their portfolios to examine whether they are built for higher tax rates–and if they are not, to consider taking some actions now before rates...
I first described Stockholm syndrome in an interview with the Wall Street Journal for an article on sudden money titled, Too Rich, Too Soon. In the interview, I joked that owners and employees of companies will often have a good deal of company stock in their portfolio because they suffer from Stock-holm syndrome (Get it?) and dont sell because of a loyalty and affinity to their employer. I fear that many of the 900 plus million users of Facebook who want to become investors are suffering from a similar financial version of Stockholm syndrome. Why?
Psychologists have long known that positive and negative emotions can be transferred from the source of the emotion to an innocuous person....
RYE, N.Y., May 15, 2012 (BUSINESS WIRE) –
GAMCO Investors, Inc. (GAMCO) awarded the Graham & Dodd, Murray,
Greenwald Prize for Value Investing to William von Mueffling, Managing
Partner and Chief Investment Officer at Cantillon Capital Management LLC
during its twenty seventh annual client conference on Friday in New York.
GAMCO created the annual prize to honor an individual, student, or
practitioner who has made...