NEW YORK – Eccentric multi-millionaire Abe Hirschfeld (search), an immigrant who lived the American dream until his increasingly bizarre behavior led him into politics, publishing and prison, died Tuesday. He was 85. A family spokesman said Hirschfeld, who made his fortune, building parking lots and health clubs after immigrating to …
Read More »Iran Delays Reopening Nuke Plant
ISFAHAN, Iran – Iran (search) threatened to reopen its nuclear processing plant here Monday but later agreed to a two-day delay after receiving a request from the head of the U.N. atomic watchdog agency. Ali Agha Mohammadi, spokesman for Iran’s Supreme National Security Council (search), told The Associated Press that …
Read More »Britain Bars Return of Radical Cleric
LONDON – Britain on Friday barred radical Muslim cleric Omar Bakri (search) from returning to the country that was his home for the past 20 years, saying his presence was no longer “conducive to the public good.” The decision came as the country’s top legal official defended plans to deport …
Read More »Molson Coors Earnings Decline Sharply
DENVER – Molson Coors Brewing Co. (TAP) said Tuesday that earnings declined sharply in the second quarter due to hefty charges, and announced plans to restate first-quarter income to correct its accounting for a tax asset. Its shares tumbled nearly 5 percent. The brewer behind Molson Canadian (search), Coors Light …
Read More »Feelings of Shame Linked to Substance Abuse
Feelings of shame may be more likely to drive a person to misuse drugs or alcohol than guilt, according to a new study that links shame to substance abuse. Researchers say the findings suggest that drawing a distinction between shame, defined as feeling bad about oneself, and guilt — feeling …
Read More »Utilities Rush to Restore Power After Katrina
Electric companies from around the country began rushing crews to the hurricane-ravaged South on Tuesday to help restore power to an area so devastated that it could be weeks or even months before the lights come back on in many places. “It’s catastrophic. Working conditions are hazardous. It’s hot and …
Read More »Spousal IRAs
Whether you’re a stay-at-home mom or just taking some time off from work doesn’t mean you should take a break from saving for retirement. And thanks to more generous federal guidelines, it’s easier than ever to keep that nest egg growing. Congress hiked IRA contribution levels to $4,000 and loosened …
Read More »7. Seniors: Don't Forget April 1
Did you turn 70 1/2 last year? Make sure you tap your IRA before April 1. Are you an IRA owner who turned 70 1/2 last year? If you haven’t already started tapping your traditional IRA, then April 15 isn’t the only IRS deadline you need to heed this year. …
Read More »Getting Started With Retirement Saving
Which is the best vehicle for retirement savings: a variable annuity, a Roth IRA or a taxable account? QUESTION: I’m 33 years old and have minimal retirement savings. What’s the best way to get started: Variable annuities, a Roth IRA or mutual funds held in a taxable account? ANSWER: A …
Read More »Taxes on Investments Received as a Gift or Inheritance
Say you received some shares in a utility company from your grandmother, and now you want to sell them to invest in oil-company stocks. Calculating your tax bill is a little more complicated than if you had bought the shares yourself. But, it’s still not as tough as brain surgery, …
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