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Q: You confused me recently in a column about safe rates of withdrawal. I am 68 years old and 80 percent invested in CDs. My CDs are paying between 5 percent and 5.5 percent. If I withdraw only 4 percent or 5 percent from my investments, I will have more money when I die than I have now.
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ANTWERP, Belgium — The head of De Beers Group, which controls 40 percent of the global diamond trade, called on traders in Europe, the U.S. and Israel to back African efforts to cut and polish the continent's own gemstones.
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NEW YORK — Stocks pulled back sharply Monday as news that major U.S. banks will set up a fund to help bail out the credit markets stirred concerns about bad debt and as oil prices surged to $86 per barrel for the first time. The Dow Jones industrial average lost more than 100 points.
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FROM STAFF AND WIRE REPORTSTuesday, October 16, 2007 The country's two biggest chip makers, Intel Corp. and Advanced Micro Devices, will announce their third-quarter reports this week.
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The Austin City Council will consider Thursday an incentive package for HelioVolt Corp., a six-year-old company that is planning to build a factory to develop advanced photovoltaic panels using a new technology.
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Rules-Based Medicine Inc., an Austin biotechnology company, will announce today that it has received a $25 million infusion from private investment sources, including a fund started by billionaire Sam Zell. This is the first time the company, which was founded in 2002 as a spinoff from Luminex Corp.
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Monday, October 15, 2007 MEDICAL SOFTWARE Vemics offers high-tech approach to transfer of patients' records The process of securely transferring patient records from doctor to doctor needs updating to the Internet age, says New York-based software maker Vemics Inc.
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BEIJING — At first, Liu Xiaoyuan just fumed when his online journal postings disappeared with no explanation. Then he decided to do something few of China's censored bloggers had tried. He sued his service provider.
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Retail giant Barnes & Noble Inc. has chosen Austin startup Digby to create a new online storefront for BlackBerry users. "Consumers now have a fully stocked Barnes & Noble right on their BlackBerry with access to hundreds of thousands of products," said Marie Toulantis, CEO of Barnes & Noble.
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SAN JOSE, Calif. — There are no booth babes, and you can't grab any souvenir gimmes to take home to the kids. But otherwise Advanced Micro Devices Inc.'s Virtual Experience is much like a real-world technology conference.
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Price comparison Websites offer a range of comparative services. These sites should bring more transparency in their operations
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On Thursday, Seton Family of Hospitals will hold a state-fair-themed job fair, with extra lures for prospects — chances to win iPods and gift cards worth up to $1,000.
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NEW YORK — After months of furious and secretive preparations, the Fox Business Network is set to launch Monday, expanding the reach of Rupert Murdoch's News Corp. and taking aim at the lucrative business TV market long ruled by CNBC.
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If the fate of Social Security were a children's fairy tale, it would be called "The Monster That Ate Social Security.
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NEW YORK — Let's face it: Next week's batch of third-quarter reports from the major U.S. banks won't really be about the third quarter. It'll be about how they're planning to pick up the pieces. Of course, investors are interested in the nitty-gritty about how much money Citigroup Inc.
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When David and Christiane Erwin got engaged, they knew David's 1950s-era house would not be big enough for their new family.
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For the record, her friends consider her something of a, well, klutz. But in a good way, of course. And, quite frankly, she admits to being "mechanically challenged.
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What: A dramatic two-story house surrounded by tree-covered hills, with its own private lake and wet-weather creek. The house, built in 2002, was designed by renowned San Antonio architecture firm Lake/Flato Architects and built by Prince Construction of Blanco.
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Sunday, October 14, 2007 Remodeling tour Austin NARI, the local chapter of the National Association of the Remodeling Industry, is holding its fifth annual tour of remodeled homes noon to 6 p.m. Saturday and Oct. 21. The tour features various homes that have been remodeled.
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WELKOM, South Africa — Thobela Booi arrived in this mining town with hopes of landing a job that would let him support his wife and child. He ended up 5,000 feet underground, killed by the fumes of a raging fire.
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[i] In September 2004 the western counties of North Carolina were in a state of emergency...the President issued 2 federal disaster declarations and provided $72 million in aid [/i]
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NBA legend Earvin "Magic" Johnson on Friday helped kick off the official groundbreaking of Block 21, the downtown development that's getting $50 million from his private equity fund. It's the first investment in Austin for his Los Angeles-based fund, but Johnson said it won't be the last.
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Saturday, October 13, 2007 SOFTWARE BEA rejects Oracle's $6.7 billion offer as too low; stock rises SAN FRANCISCO — Oracle Corp is offering to buy BEA Systems Inc.
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For now, Asure Software Inc. gets to stay on a major stock exchange while trying out its third major shift in strategy. Thanks to a steady rise in its share price, the Austin-based company is no longer under the threat of being removed from the Nasdaq Global Market.
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LONDON — Billionaires Richard Branson and Wilbur Ross are teaming up to bid for Northern Rock Plc, the mortgage lender bailed out last month by the Bank of England. Branson's Virgin Group Ltd.
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