Finance

The Right Way to Manage Your Mom or Dad’s Money

Shortly after Terrie Hull’s mother got in a car accident in 2011 that caused brain damage, her mother married a man Hull didn’t trust. Soon, Hull learned her instincts had been right: Her mom, under her new husband’s guidance, accused Hull of stealing money from her. Hull and her husband Jon, who live in Portland,Continue Reading “The Right Way to Manage Your Mom or Dad’s Money”

Finance

What You Need to Know About Statutes of Limitation for Debt

  If you have old unpaid debts, it can be helpful to know the statute of limitation that applies to those debts. If the statute of limitation has expired, a debt is said to be “time-barred,” and a creditor or debt collector isn’t supposed to sue you to collect. Here are the seven most commonContinue Reading “What You Need to Know About Statutes of Limitation for Debt”

Finance

For Long-Term Auto Loans, How Long Is Too Long?

  Here’s a disturbing question — which lasts longer: the typical U.S. marriage or the average American car loan? According to The Economist, the average U.S. marriage lasts eight years. While six-year car loans are typical, eight year — and even longer — loans are growing in popularity. Experian says one-quarter ofvehicle loan terms fellContinue Reading “For Long-Term Auto Loans, How Long Is Too Long?”

Finance

Lumber Liquidators CEO Quits, Catching Company Off Guard

NEW YORK — Lumber Liquidators CEO Robert Lynch has abruptly quit the company that is embroiled in an investigation over products imported from China. Shares tumbled 15 percent in morning trading Thursday. The company said Lynch resigned “unexpectedly” and declined to provide more details on the resignation when asked by The Associated Press. The companyContinue Reading “Lumber Liquidators CEO Quits, Catching Company Off Guard”

Finance

Week’s Winners and Losers: Hot IPO, Hard Times for Hardwood

There were plenty of winners and losers this week, with a new e-commerce company soaring by better than 50 percent on its first day of trading and one of this year’s biggest losers getting slammed again after the abrupt resignation of its CEO. Take-Two Interactive (TTWO) — Winner We’ve seen some video game companies andContinue Reading “Week’s Winners and Losers: Hot IPO, Hard Times for Hardwood”

Finance

Market Wrap: Stocks End Lower on Fed Rate Hike Forecast

NEW YORK — U.S. stocks ended weaker Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street’s expectations. Lackadaisical trading volume during the session ended a week of slow activity that has left many investors unconvinced that recent record-high levelsContinue Reading “Market Wrap: Stocks End Lower on Fed Rate Hike Forecast”

Finance

Wall Street This Week: Surface Surfaces, Take-Two Takes Four

From a new high-end Windows tablet hoping to gain some traction with a new release and a new accessory to a publisher of edgy video games likely posting strong year-over-year growth, here are some of the things that will help shape the week that lies ahead on Wall Street. Monday — Game On The newContinue Reading “Wall Street This Week: Surface Surfaces, Take-Two Takes Four”