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News For: Nationwide Variable AnnuitiesThe outlook on low-risk investments isn't so bad Investors who stash their cash in money market funds, certificates of deposit or fixed-rate annuities aren't looking for big gains. They just want to protect their principal and earn a little bit of interest. The Dow Jones Is Getting Revitalized SAN DIEGO - Hello Philadelphia cream cheese and good-bye variable annuities! Editors of the Wall Street Journal have decided to replace AIG with Kraft Foods which leaves the Dow somewhat "unbalanced". Irish Nationwide would rebuff Anglo approach Irish Nationwide management believes that Anglo Irish Bank would be a 'wholly unsuitable' company to take over the building society. Sources close to Irish Nationwide indicate the building society would rebuff any formal takeover made by Anglo Irish Bank. Loss Of Face Could Mean Losses For AIG In Japan After coming close to bankruptcy, the insurer is facing a crisis of confidence among its notoriously skittish Japanese customers. Credit cards/Debt Overview: Justin McHenry, research director of IndexCreditCards.com, said variable credit card rates have remained low, thanks to the Federal Reserve. The average consumer credit card interest rates have fallen from 14.14 percent in September 2006 to 12.29 percent this month according to IndexCreditCards.com. But, those rates are high to begin with, according to personal financial management ... Lincoln Logs files for bankruptcy Lincoln Logs Ltd., a Lake George-area housing company, has filed for Chapter 11 bankruptcy protection, laying most of the blame on the nationwide housing slump and customers who are delaying payments. Interbank loans at standstill Lending between banks ground to a standstill this week in a graphic illustration of the scale of the crisis in the financial markets. Money market rates were pushed higher, raising funding costs for home owners and companies that borrow money at variable rates of interest. Officer killed in shootings loved animals Forks Mayor Nedra Reed remembers going on a ride with U.S. Forest Service Officer Kristine Fairbanks and her patrol dog, Radar, into the woods around the small town on the west side of the Olympic... Business developments in the San Fernando Valley area Pierre P. Habis: Has joined Union Bank of California as head of Branch Banking, with oversight of more than 325 offices in California. Top Scoops I don't know what money is today, and I don't think anybody at the Fed does either. - Richard Pratt, Chairman of the Board of the Federal Home Loan Bank, 1982 |