A Week's Worth

The yo-yoing of the Dow Jones Industrial Average in the last few weeks brought it back to 10919.05 at Friday's close, led by brisk new earnings reports from Walt Disney Co. and electronics retailer Best Buy. They posted quarterly gains of 6.7 percent and 8.2 percent, respectively.

Last year was tough on corporate chiefs, remember? In February, Carly Fiorina was forced out at Hewlett-Packard. In June, Hank Greenberg quit under pressure at the giant American International Group. And the trend is only gathering pace, outplacement specialist Challenger, Gray & Christmas reports. A month ago, a record 139 CEOs moved on. The old mark (129) was set last March.

When it comes to saving for retirement, how much is enough? Kiplin-ger's Personal Finance magazine polled 1,017 Americans and found that 23 percent don't know. Still, 63 percent said they think they're "on track." Kiplinger's rule of thumb: For a yearly income of $50,000 (at a 5 percent drawdown rate), a retiree needs a $1 million nest egg.

While new car shoppers are good at researching different models, most fail miserably when looking into financing. A poll by an auto financing group, Americans Well-Informed on Automobile Retailing Economics, indicates 7 out of 10 have no idea what payment terms a dealer may offer and have not asked a bank or credit union how it can help. Only 30 percent said they were "very interested" to learn more on the subject.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK