Archive for the ‘Business News’ Category.
June 28, 2011, 4:54 pm
AP Photo In this file photo taken June 15, traders Edward McCarthy, left, and William McInerney, right, work on the floor of the New York Stock Exchange.
AP Business Writer
NEW YORK — Stocks are headed for a correction. No, stocks are rallying. Wait, stocks are down again. Or up — a lot.
For investors, June was one long seesaw ride that began with a deep plunge on the first day of the month. Six days of declines were followed by a week of give and take and then four days of gains. The month ended with strong earnings from a consumer bellwether and signs that a European debt crisis could be averted. That led to a 4-day advance in the three major stock indexes.
The Dow Jones industrial average rose 480 points, or 4 percent, the last four days of the month and the Standard & Poor’s 500 index is on track for its best weekly return for since July 2010.
That strong ending didn’t make June a winner. Stocks were down about 2 percent for the month, the second straight month that the market finished lower. Onl
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June 28, 2011, 1:44 pm
A home loan transfer (also known as refinancing or balance transfer) is an option that most individuals opt for to avail the benefit from lower interest rates prevalent in the market.
Usually the existing borrower of a bank who is about 2 or more years into his loan tenure does not get the benefit of reducing interest rates in the market. RBI has been insisting on lower interest benefits to be passed on to the existing borrowers as well but it seldom happens but is expected to become a reality in the base rate regime. Individuals looking for better interest rates could discuss with their bank on re-negotiating the interest rates based on the good repayment track record etc. If the bank is not amenable, then they could shift to another bank which offers a lower interest rate prevalent in the market.
How does the process work
You will need to submit a letter to the existing lender requesting a loan transfer. Based on your request, the bank will give a consent letter / NOC and a statement mentioning the outstanding amount.
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June 28, 2011, 11:15 am
Connecticut Joint Utilities RD&D working committee has decided to include Windo-Therms window insulation panels, called Advanced Energy Panels, in a custom rebate program for energy efficiency in industrial and commercial buildings in Connecticut. Windo-Therm is a Capital Region manufacturing company with an office in Hoosick Falls.
Advanced Energy Panels can insulate an existing window and bring old, loose fitting, single glazed windows to an Energy Star Level of efficiency.They usually offer a payback in saved energy in three to four years, can triple the insulation value of a window, and save as much as 55% on heating bills. The panels can also stop condensation, the leading cause of peeling paint, rotting woodwork, and mold.
The Advanced Energy Panels window insulation system was invented in 1996. Windo-Therm now has patents in four countries.
June 26, 2011, 2:06 pm
Ocean State Job Lot, a privately-held company headquartered in North Kingstown, Rhode Island, opened its 103rd retail location at 911 Central Ave. on Monday, bringing approximately 50 new jobs to Albany. They are currently hiring and will hold a ribbon-cutting ceremony on Thursday, July 7.
Ocean State Job Lot, which now has five retail stores in the Capital Region, sells brand name merchandise at closeout prices, including household goods, kitchen supplies, toys, and designer clothing. The company acquires most of its merchandise from manufacturers who have overstocked merchandise or discontinued brand name goods and are willing to sell the product at discounts.
Through the Ocean State Job Lot Charitable Foundation, Job Lot donates food valued at four times the amount donated dollars would typically purchase to local food banks. The Foundation also supports charities and causes including health organizations, disaster relief efforts, the performing arts, special needs children, foster children, and educational institutions.
June 26, 2011, 10:18 am
HARLEYSVILLE — Harleysville Savings Bank received the Corporate Community Service Award from the North Penn United Way at the annual campaign celebration. This award is given to a company that displayed extraordinary service to the community.
The bank also received an Award of Excellence for an employee campaign that exceeded last year by 10 percent or more, a Team Award for an employee campaign of 70 to 90 percent participation, and a Community Hero Award which is given to companies where employee per capita giving is $156 and above.
“Our team knows that our company has historically matched 100 percent of the team’s contribution to the United Way and they willingly support the United Way’s campaign each year,” said Ron Geib, president and CEO.
Harleysville Savings Bank has seven full-service branches in Montgomery and Bucks counties.
Blackboard goes mobile at MCCC
BLUE BELL/POTTSTOWN — Montgomery County Community College now offers a free Blackboard Mobile Learn app that will bring interactive teaching and learning to smartphones.
According to Blackboard Inc., MCCC is the only community college licensing Blackboard Mobile Learn in the five-state region of Delaware, Maryland, Pennsylvania, New Jersey and New York. The
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June 25, 2011, 2:10 am
When you pay the premium for this plan, part of the premium amount goes towards paying for the life cover. Remaining part of the premium is invested in various instruments either debt or equities. However this portion is quite small, as the insurance companies tend to deduct premium allocation charges upfront. These charges are meant to pay the distributor commissions. As a result, very small part of the premium gets invested during the initial years.
You have welcomed your new bundle of joy in this world with a lot of enthusiasm. You intend to give them the best of everything. In order to help you achieve this objective, you start investing in various instruments on your child’s behalf. To capitalize on the parents’ intentions about giving the best for their children, many insurance companies have introduced children’s plans. These plans have enticed many parents to invest on behalf of their children, under the impression that their child’s future is secure. But is it true? Are they worth investing? Is this the best investment option for your child? Let’s t
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