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Articles in the Money Matters Category

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[13 May 2017 | No Comment | ]

Apple chief Tim Cook announced Apple is creating a fund to get more people in the U.S. to do “advanced manufacturing,” kicking it off with a billion dollars.
Apple investing in high-tech manufacturing in the United States would come as rare common ground with US President Donald Trump, who hammered away at the theme during his campaign for office last year.
“We are creating an advanced manufacturing fund,” Cook said in an interview broadcast on CNBC.
“We are initially putting one billion dollars in the fund.”
Cook pointed out that apple spent more than …

Money Matters »

[5 May 2017 | No Comment | ]

It is a sign of Apple’s success but also a thorny problem: its cash stockpile has hit a staggering $256.8 billion, sparking debate on what do with such massive reserves.
Apple’s quarterly report on Tuesday showed its cash holdings — the vast majority held overseas — jumped to a sum that tops the entire economic output of Chile.
The tech giant has resisted the idea of bringing the cash home, because of disincentives in the U.S. tax code — it allows multinational firms to defer profits while they are held overseas but …

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[27 Apr 2017 | No Comment | ]

Farmers in Argentina gave away truckloads of vegetables in central Buenos Aires on Wednesday in a protest over low prices for their produce that also highlighted the growing ranks of poor in the country.
Thousands of people lined up for hours in the capital’s Plaza Mayor for handouts of spinach, tomatoes and other farm goods — the second such giveaway this week by farmers.
Some four tons were distributed in the square, close to the presidential palace. Farmers also planted lettuce and celery in a flowerbed.
One farmer who declined to be identified …

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[22 Apr 2017 | No Comment | ]

Google on Monday agreed to pay a nearly $8 million fine and open its Android mobiles to competing search engines in Russia in an antitrust settlement reached after two years.
The deal with Russia’s anti-monopoly service (FAS) came after Yandex, the country’s biggest search engine, complained Google had an unfair advantage by pre-loading its search engine on Android phones.
“We are pleased to announce that we have now reached a commercial agreement with Yandex and a settlement with FAS that meets the interests of all parties,” said Google in a comment emailed …

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[18 Apr 2017 | No Comment | ]

Japan Inc where companies with roots going back decades, if not centuries, have long dominated, is finally warming up to startups.
Major banks and venture capitalists are keen to tap into faster growth by investing in innovative entrepreneurs, when they can find them. Money raised for ventures in Japan reached a record 276 billion yen ($2.5 billion) last year.
That’s up from about 50 billion yen ($450 million) annually after the financial crisis, according to Japan Venture Research Co.
OPEN FIELDS
Silicon Valley still raises 50 times more cash for startups than Japan, but …

Money Matters »

[5 Apr 2017 | No Comment | ]

Don’t go telling Michael Caine he’s a wealthy, over-privileged film legend who has no idea what it’s like to be broke.
Yes, he’s wealthy, yes, he’s a film legend. And YES he knows all about being broke.
And he’s quick to bite back at anyone who suggests otherwise.
The 84-year-old Oscar winner says: “People say: Oh, you’re a movie star and you’re rich and all that.
“But if you’re poor – really poor – I know everything that you have done.
“I did it before you did and it happened to me before it happened …

Money Matters »

[17 Mar 2017 | No Comment | ]

It’s 1 a.m. You’ve had a few too many at a crowded bar and walk out without paying the tab. Your credit card and driver’s license sit behind the cash register, leaving your personal info widely accessible while you sleep off those vodka tonics.
There’s a new option that might lessen the pain. Not the hangover pain — for that, you’ll need aspirin. But if you’ve ever left your credit card at a bar by mistake, or spent several minutes trying to flag down a harried bartender to close you out, …

Money Matters »

[26 Feb 2017 | No Comment | ]

The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15.
Ms. Wolf said her debt-repayment plan, which eventually left her with about $1,000 a month to live on, made clear she had to leave Monterey, Calif., the central-coast city where she lived. She looked online, as long as 15 hours a day, for places with a low cost of living. In August, she …

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[24 Feb 2017 | No Comment | ]

A record-high 3.67 billion yen ($32.5 million) in cash was found and reported as lost property in Tokyo last year, topping the level marked nearly 30 years earlier when the Japanese economy was experiencing a bubble, police say.
The figure is equivalent to around 10 million yen being found every day, according to the Metropolitan Police Department.
The cash amount increased for the seventh straight year, topping the previous record of about 3.5 billion yen set in 1990.
Of the total, some 2.7 billion yen, or 74%, was returned to owners, also a …

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[20 Feb 2017 | No Comment | ]

A WOMAN who struck gold, winning more than $1.6 million in a major lottery, is considering suing the game’s organisers after saying the prize money “ruined her life”.
Jane Park, from Edinburgh in Scotland, scooped one million pounds in 2013 in the Euromillions draw. She was just 17 at the time.
Now 21, Ms Park, who owns two houses, said that while her friends are stressed because of being badly paid, “no one who really understands [how] I feel.”
She told Britain’s Sunday People newspaper that she was considering taking legal action against …