No More Electric Cars from Toyota

July 28, 2014

Financial Topics

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Asif Imtiaz worked as a prop trader for almost a decade, and later he managed trading operations for one of the largest foreign exchange strategy developers in Europe. Currently, he works as a trading consultant to several brokers and write on various tech and financial topics as a freelancer.


Lamar Construction files chapter 7 bankruptcy

July 28, 2014

Chapter 7 Bankruptcy

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HUDSONVILLE, Mich. (WZZM) — Lamar Construction Company is shutting down and has filed for Chapter 7 bankruptcy, according to documents obtained by WZZM 13.

The Hudsonville-based employer is laying off 281 employees, including 180 in Michigan. The closure comes two days after the company shuttered its construction division but claimed its structural steel division would remain open.

The closure affects employees in Michigan, Colorado, and Kentucky.

RELATED: Lamar Construction closes; 180 employees affected

Bankruptcy documents dated July 7 show the company had between $10-million and $50-million in estimated assets and between $10-million and $50-million in estimated...


Seasonal Search Trends by Industry

July 28, 2014

Financial Topics

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The volume of US Google searches about financial topics spikes in the beginning of the year; travel searches are most popular during the summer months; and retail searches start building for the holiday season in September; according to a recent report by WhosOn.

The analysis examined five years of US Google Trends data for four key industries—automotive, finance, retail, and travel—to determine how search volume and topics vary from season to season.

Below, key findings from the report.

Search Volume

  • Automotive: Search volume about automotive keywords traditionally spikes and dips throughout the year, with the spring and summer months being especially...

Financial Choices for Mobile Technology

July 28, 2014

Financial Topics

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There is so much material available to Internet users that it seems literally endless, but there is still some reluctance to use the Internet for financial purposes.

In Spectrems Millionaire Corner study Using Social Media and Mobile Technology in Financial Decisions, investors from three different wealth segments were asked to list the financial services and information they would like to be able to access via computer, smartphone or tablet. What the study showed is that there is still some information investors prefer getting from their financial providers or advisors.

Given a choice of 12 topics they could see on the Internet, nine of the topics were of interest to less than...


The NFEC Develops Framework for Teaching Personal Financial – Financial …

July 28, 2014

Financial Topics

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The NFEC has launched the Framework for Teaching Personal Finance to provide clear benchmarks to measure the performance of financial education instructors.

Los Angeles, CA (PRWEB) July 16, 2014

The National Financial Educators Council brought together a think tank of educators, financial professionals and personal finance experts to develop benchmarks for financial education instructors – Framework for Teaching Personal Finance. The Framework and report is made available complimentary by the NFEC.

While the education industry has established criteria that qualify teachers, until now the financial literacy industry lacked clear guidelines for financial educators....


Woburn’s Sea Dog Brew Pub files for Chapter 7 bankruptcy

July 27, 2014

Chapter 7 Bankruptcy

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The Sea Dog Brew Pub in Woburn may have poured its last pint.

The business filed for Chapter 7 bankruptcy today, a step that usually involves liquidation, and customers were starting to complain on the restaurant’s Facebook page because they were showing up at the restaurant only to find the doors closed.

Nobody was answering my calls to the restaurant today, and there was no voice mail to take my message. I also didn’t hear back from Theodore Connolly, the lawyer who is representing Sea Dog Woburn LLC in US Bankruptcy Court in Boston.

The Sea Dog restaurant concept, built around the Sea Dog line of beers, had been limited to its home state of Maine until recently....


Clsing the gender gap in financial education and planning

July 27, 2014

Financial Topics

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A recent study by Genworth Financial found that while many Americans believe that there is a correlation between financial literacy and retirement readiness, less than half actively seek out the knowledge they need to make informed decisions. Whats standing in their way?

The complexity of financial products, uncertainty about how to even get started, and an apparent lack of time.

The gender split on this issue was even more striking. Only 34 percent of women said they would be willing to try to deepen their understanding of financial matters because of the complexity of the products. By comparison, 61 percent of men said they were willing to put in some effort.

At the core...


Home News Durham hydro scam victims asked for personal…

July 27, 2014

Prepaid Credit Cards

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In recent cases of phone fraud across the region, citizens and businesses were not only pressed to pay phoney electricity bills, the suspects asked some for personal information as proof of their identity. Durham Police sent out a warning Friday, July 4 about the hydro scam.

It was almost like a ransom, them saying you have to pay now or your powers off, said Sergeant Bill Calder of the scam.

An investigation into the scam is ongoing, and no arrests have been made to date. Police have not been able to say how many people...


Alert: EZCORP Confirms Fiscal 2014 Third Quarter Earnings Release and …

July 27, 2014

Personal Financial Services

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Alert: EZCORP Confirms Fiscal 2014 Third Quarter Earnings Release and Conference Call

July 24, 2014: 09:00 AM ET

AUSTIN, Texas, July 24, 2014 (GLOBE NEWSWIRE) — EZCORP confirmed today that it will release 2014 fiscal third quarter financial results on Tuesday, July 29, 2014 after the market closes.

In conjunction with the release, EZCORP has scheduled a conference call which will be broadcasted live over the internet that same day at 4:00 p.m. central time.

WHAT: EZCORP’s Q3 fiscal 2014 earnings conference call webcast

WHEN: Tuesday, July 29, 2014 at 4:00 p.m. CT

WHERE: http://www.media-server.com/m/p/8csz3vhe or http://investors.ezcorp.com/index.php

For...


All families need to have the financial “talk”

July 27, 2014

Financial Topics

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It’s the conversation that many families put off. And then put off some more.

It’s the talk between elderly parents and their adult children about the parents’ finances. It’s a conversation that every family eventually must have — and it’s best to do it before a crisis hits.

“Money is a taboo subject for families, but we do find that silence can be costly,” said Lauren Brouhard, a senior vice president at Fidelity Investments.

The company recently released a study that found that when it comes to important but difficult conversations about finances, many families struggle with the timing.

The Intra-Family Generational...