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Jan. 30 (Bloomberg) — Retirees shouldnt be forced to make withdrawals from their IRA savings plans until age 75, the president of the Investment Company Institute said.
By John Morrisbr /br /With so many options out there for the individual investor, it is sometimes difficult to determine that investments are right for you. The key to having a long-term, stable and profitable portfolio is to diversify your investments. For many investors the process of diversification includes investing in both mutual funds and stocks. The best course is to learn all you can about both types of inv….
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Jan. 29 (Bloomberg) — Chubb Corp. , the insurer of businesses and high-end homes, said fourth-quarter profit fell 37 percent on investment losses outside its bond portfolio.
Cheer for investment banks from cash calls (Financial Times)
The demand for capital raisings could not have come at a better time for investment bankers starved of revenues. With business down across mergers and acquisitions advisory and debt capital markets, bankers have welcomed the opportunity to make money from cash calls.
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Jan. 28 (Bloomberg) — Qualcomm Inc. , the worlds biggest maker of mobile-phone chips, reported a 56 percent drop in first-quarter profit and cut its annual sales forecast after the recession curbed growth and hurt its investments. Net income fell …