Published scoops - Business

3

Meridian Pacific Properties

Most real estate investors are aware of the terrific positive cash flow opportunities with cash-on-cash returns in double digits on single family homes. Yet many have chosen not to invest out of fear that the value of their investment property will fall. How founded is that fear? Consider what the numbers tell us.

Take the example a $60,000 1100 square foot, 3 bedroom 1 bath house in Jackson, Mississippi, already renovated with a tenant paying $700 per month. With a 20% down payment, and allowing for mortgage payments (PITI), property management, maintenance and vacancy, the property will still return well over 10% per year (over 15% if the tenant stays in place and takes good care of the property.) That is clearly a great return on investment. But how much downside is there? Will the $60,000 house materially drop in value?

Read more »
Created by meridian1 1 year 18 weeks ago – Made popular 1 year 18 weeks ago
Category: Business   Tags:
5

Company Registration

Company formation service within 3 hours from UK based highly respectable company. Company registration UK only for 30 pounds.VAT registration UK and many other services.

Company formation is important, and it can cause a lot of worry and time wasting which is not desired, especially when it comes to people who are new to the business environment. It can be made simple with the variety of services made available by various companies. These services are usually very cheap to apply for and one can receive assistance from professionals who have years of experience. Company formation can be difficult, if you make it difficult.

Having earlier knowledge about the thing that you are going to carry out is very good. But sometimes, favourable moment goes out of your hand simply because you remain busy in preparing yourself properly. This may be the case with company formation. You may be a perfectionist and want everything to be full and final before you try your hand in something.

Read more »
Created by novik 1 year 19 weeks ago – Made popular 1 year 19 weeks ago
Category: Business   Tags:
7

10 Big Winners in the Econapocalypse

What Economic Crisis?

"Everyone is suffering," President Obama said in his speech to a joint session of Congress in late February. He was referring to the global financial and economic crisis, but he didn't have it exactly right. There are some people who are doing well: dollar-store owners, bankruptcy lawyers, gun manufacturers (sales are up!), short-sellers of stock, foreclosure experts, and so on. But some individuals who are doing well are doing really well. Here's a rundown of 10 of the financial crisis' biggest winners:

Read more »
Created by Laura 1 year 21 weeks ago – Made popular 1 year 21 weeks ago
Category: Business   Tags:
5

United Technologies To Cut 11,600 Additional Jobs

United Technologies Corp. lowered its 2009 earnings outlook on Tuesday and said it will reduce headcount by an additional 11,600 workers as conditions in the aerospace and construction industries deteriorate further.

The Hartford, Connecticut based conglomerate (UTX) significantly lowered its full year forecast across all its businesses, with revenue to decline in its Otis elevator and Carrier ventilation-system divisions because of the slump in commercial and housing construction.

"People are executing backlog at a slower pace," said Chief Executive Louis Chenevert during a conference call with analysts.

They're doing so because either they don't have the credit or they are cautious about the end markets they serve, he explained.

Read more »
Created by Nemo 1 year 22 weeks ago – Made popular 1 year 22 weeks ago
Category: Business   Tags:
6

US Economy Suffers Sharp Nosedive

The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported.

Plunging exports and the biggest fall in consumer spending in 28 years dragged the figure down from the 3.8% estimate the government gave earlier.

The decline was much worse than analysts had expected.

In 2008 as a whole, the economy grew by 1.1%, the slowest pace since 2001. The Dow Jones was down 1.6% in early trade.

Recession warning

Consumer spending, which accounts for about two-thirds of domestic economic activity, fell by a rate of 4.3% in the final quarter - the biggest fall since the second quarter of 1980. This was a revision of the earlier figure of 3.5%.

With rising unemployment, sliding home values, increasing numbers of repossessions and the slumping value of investments, observers say many US consumers are hanging on to whatever disposable cash they have.

Read more »
Created by Keiros 1 year 23 weeks ago – Made popular 1 year 23 weeks ago
Category: Business   Tags:
6

A Japanese Madoff

Nami Kazutsugi, a 75 years old Japanese businessman, who leads the L & G, is accused of having organized a system pretty similar to that of Bernard Madoff.

But just before his arrest Thursday February 5, he did not hesitate to say: "The police have ruined my business. Nobody has lost as much as me."

The "Ponzi Scheme" or "Pyramid Scheme" which he created between 2001 and 2007 allowed him to collect between 1 and 2 billions, by promising fabulous yields (nearly 36% last year) to his clients.

Funds from new investors were used to pay the interests of prior investors. More than 37,000 people might be victims of this fraud.

L & G issued its own currency, the "enten", a combination of ideograms "yen" and "paradise", that Mr Nami wanted to become a global currency.

For each deposit of $1000, the investor received 100,000 "enten" that he could spend in L & G stores, a sort of bazaar installed throughout the archipelago, the online sales sites or partner hotels.

Read more »
Created by admin 1 year 26 weeks ago – Made popular 1 year 26 weeks ago
Category: Business   Tags:
6

The Madoff's Client List Includes Actors and, Baseball Legends

A 162 pages list of the client victims of the Bernie Madoff ponzi scheme was released today following a bankruptcy hearing for the owner of Madoff Investment Securities.

Among those found on Madoff’s client list are such famous personalities as baseball legend Sandy Koufax and the owner of the New York Mets, Fred Wilpon, as well as former Met player Timothy Teufel.

The PDF document with the complete list of clients and investors can be seen on the New York Post server.

Read more »
Created by admin 1 year 27 weeks ago – Made popular 1 year 26 weeks ago
Category: Business   Tags:
6

Madoff Client List Is Disclosed in Filing

Another interesting article on the Madoff case:

By AMIR EFRATI

The names of thousands of apparent customers of Bernard Madoff were made public Wednesday, including a legendary baseball player, famous actors, charities and pension funds -- as well as Mr. Madoff's own lawyer, who is defending him on charges that he ran a $50 billion Ponzi scheme.

The 162-page filing made in U.S. Bankruptcy Court in Manhattan doesn't list the amount each client invested.

Some notable names appear on the list, including Fred Wilpon, owner of the New York Mets baseball team. It isn't clear how many of the clients listed had money at the firm at the time of Mr. Madoff's arrest on Dec. 11.

Read more »
Created by admin 1 year 27 weeks ago – Made popular 1 year 27 weeks ago
Category: Business   Tags:
10

Blackhawk Gear

A huge supply of Blackhawk Products Group gear in stock at LAPoliceGear. Black Hawk gear is the top brand of military, police and security personnel. This gear is the best there is and LAPoliceGear has so many great deals I always have to stop by and check out what FREE products they are giving away.

Read more »
Created by BlackhawkGear09 1 year 29 weeks ago – Made popular 1 year 29 weeks ago
Category: Business   Tags: