Dubai This summer, the MSCI review of the UAE markets — for their possible inclusion in emerging market indexes — could be used to make some money. While there is no guarantee that the UAE will get emerging market status, the volatility caused by speculation could be utilised by short-term traders. "Last year we witnessed [...]
By RACHEL LOUISE ENSIGN Fund investors can go wrong in all sorts of ways. But since mid-April is fast approaching, let’s talk about one of the most common and least understood: taxes. More in Quarterly Investing in Funds The Past Year’s Winning Stock Funds Fitting ETFs into 401(k) Plans How to Check the Fees in [...]
Lending by the UAEâs biggest banks is falling short of industry estimates as slower growth in the second-largest Arab economy damps credit demand. UAE economic growth will decelerate to 3 percent this year from 4.9 percent in 2011 as oil output growth eases, according to the average forecasts of 12 analysts compiled by Bloomberg. That [...]
By Sue Zeidler LOS ANGELES | Wed May 9, 2012 6:33pm EDT LOS ANGELES May 9 (Reuters) – Hostess Brands Inc said it expects several interested parties to submit bids for the bankrupt maker of Twinkies by Wednesday’s deadline. “There are interested parties. Bids are due today,” said a spokeswoman for Hostess, which late last [...]
By ANNA PRIOR As companies continue to lay off workers, here’s another reason for people to worry about joining the ranks of the unemployed: They may find a smaller severance package than they expect. The unemployment rate fell to 9.4% last month, but 247,000 jobs were still lost in that period. And the more people [...]
Riding the rails used to be the domain of the down-and-out, but Norfolk Southern looks poised to put investors on the fast track to fat returns. Weather, competition and environmental concerns have recently crimped coal demand, which has hurt many railroad stocks including Norfolk Southern (ticker: NSC). Yet Norfolk is one of the best managed [...]
By M.P. MCQUEEN (See Correction & Amplification below.) While consumers have been fretting about the safety of their policies at large, publicly traded insurers, some smaller, less-watched companies have been running into trouble too. Insurers of all sizes are being slammed by investment losses. Some also are being dragged down by higher-than-expected claims in areas [...]
By TOM HERMAN Q: I bought a new personal car in November 2011. Am I allowed to deduct the $600 sales tax on that car? I itemize deductions, file a joint return and have adjusted gross income of about $110,000. I live in Wisconsin and pay state income tax. I do not claim any other [...]
By LOUISE LEE A lot of franchise buyers are looking to get into the driver’s seat. Literally. More in Small Business The Winner of the Journal’s Small-Business Innovation Contest The Self-Helps Books That Actually Helped Entrepreneurs What’s It Like to Run a Bed-and-Breakfast? Small Franchisers Look Overseas for Growth How Firms Are Coping With Slow [...]
Vertex Pharmaceuticals (VRTX) Shares of the drug maker rocketed 55% on promising news from trials of a two-drug combination for cystic fibrosis. Writing in Barron’s Take, Dimitra DeFotis noted, “Though it may be time for investors to take some profits, we think holding onto a stake in Vertex is wise, given the promise of future [...]