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Aug 17, 2010

BBC: Business News Wal-Mart feels the squeeze in U.S. August 17th., 2010


17 August 2010 Last updated at 22:39 GMT

Wal-Mart feels the squeeze in USShopper at a Wal-Mart store

Retail giant Wal-Mart sees quarterly profits rise 3.6%, but sales decline further in its home US market.

NASDAQ: Latest Forex News.- August 17th., 2010

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CNBC Evening Brief: Asian Economies Hot Again - And So Are Stock Markets. August 17th., 2010

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MarketWatch:Personal Finance Daily: Personal Finance stories.- Investors seeking yields may find trouble instead. August 17th., 2010

MarketWatch
Personal Finance Daily
AUGUST 17, 2010

Tuesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
Investors are on the hunt for yield, so why not dividend ETFs -- particularly those exchange-traded funds that focus on high-quality companies with a history of regular payouts? Why not, indeed. As John Spence writes in his ETF Focus column, "with stocks increasingly moving in a herd, traditional safe-haven sectors may not provide as much cover."

Read his column for more on the potential pitfalls of dividend ETFs. Plus, don't miss our coverage of the Obama administration's conference on what to do about Fannie Mae and Freddie Mac. The short answer seems to be: depends on whom you ask.

-- Andrea Coombes , Personal Finance editor

Yields on dividend ETFs come with stock-like risks

Low bond yields and stock-market volatility are causing more investors to explore exchange-traded funds that concentrate on dividend-paying stocks, but some analysts warn investors' hunger for income and stability may lead to losses if equity markets come under pressure.
See ETF Focus on yields on dividend ETFs come with stock-like risks.


CAREERS

A bad job or no job?

One casualty of the recession is the option to easily leave a job or work environment that has gone sour. With unemployment high and few replacement jobs available, employees have had to stick it out for months or even years. But experts say you don't have to just grin and bear it. Instead, you can find ways to make the best of it -- and potentially boost your résumé.
See story on a bad job or no job?


CONSUMERS

Commentary: Wal-Mart customers in for a rude awakening

Wal-Mart Stores Inc. (WMT), which found many new friends in the thick of the recession, seems to be having trouble holding on to its gains.
See story on Wal-Mart customers in for a rude awakening.


FAMILY FINANCE

Packing for college, 2010 style

As you help pack up the minifridge, laptop and extra-long twin sheets for your college freshman, you might consider a few other last-minute chores.
See story on packing for college, 2010 style.


INVESTING

Fund managers like Europe, survey shows

Fund managers rotated out of U.S. and Japanese assets and into European assets during August, according to the latest survey of asset allocators by Bank of America's Merrill Lynch unit.
See story on fund managers like Europe, survey shows.


Catchy ticker symbol lures gullible

A little-noticed lawsuit says a lot about how investments are marketed. Late last month, Select Sector SPDR Trust sued Invesco PowerShares for trademark infringement.
See story on catchy ticker symbol lures gullible.


Three dividend ETFs to fight deflation

The subject of dividends is bubbling up again, for a couple of reasons. First, the 15% tax rate on dividend income is due to expire at the end of this year.
See story on three dividend ETFs to fight deflation.


Get ready for the bookstore massacre

Are we about to see bookstores closing across the country? I suspect so.
See story on the bookstore massacre is coming.


Einhorn doubles down on Microsoft, Xerox

Hedge-fund manager David Einhorn of Greenlight Capital has more than doubled his shareholding in Microsoft Corp. (MSFT) and Xerox Corp. (XRX), according to a regulatory filing Monday afternoon that detailed his stock investments.
See story on Einhorn doubles down on Microsoft, Xerox.


REAL ESTATE

Fannie conference sees call for subsidy reduction

Participants at a housing finance conference Tuesday largely agreed that subsidies for housing need to be reduced but not eliminated, even as they disagreed on how far government assistance to the mortgage market should be curtailed.
See story on Fannie conference sees call for subsidy reduction.


Housing market needs government support, Geithner says

Without government backing for the housing-finance system, future economic downturns could be harsher, Treasury Secretary Timothy Geithner said Tuesday at a conference on the future of housing finance.
See story on housing market needs government support, Geithner says.


Commentary: Wall Street's smart bet against housing

What happens when you have 20 years of price appreciation in the housing market in just five years?
See story on Wall Street's smart bet against housing.


Housing starts tick higher in July but miss forecast

New construction on U.S. housing units ticked higher in July, but the gain was tempered by a steeper drop over the past two months than previously estimated.
See story on housing starts tick higher in July.


ECONOMY & POLITICS

Commentary: Beware of steps 'safeguarding' the Social Security system

Contrary to widespread belief inside the Beltway, the Social Security system will not run out of money anytime soon.
See story on beware of steps 'safeguarding' the Social Security system.


Commentary: It's going to get worse before it gets better

There's more bad news ahead. Welcome to a bleak second half 2010, worse for 2011.
See story on it's going to get worse before it gets better.


Fed has faith in recovery: Kocherlakota

The Federal Reserve's surprise decision to launch a new quantitative-easing program last week was not taken because the central bank has new doubts about the recovery, said Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis on Tuesday.
See story on Fed has faith in recovery: Kocherlakota.


U.S. industrial output up 1% in July on autos

Output in the nation's factories rose a strong 1% in July led by a fast pace of auto production, the Federal Reserve reported Tuesday.
See story on U.S. industrial output up 1% in July on autos.


Solid demand for Irish bonds soothes nerves

Solid demand for Irish government bonds on Tuesday helped quell fears of a return to sovereign-debt-related turmoil in the euro zone.
See story on solid demand for Irish bonds soothes nerves.