Retiring? Better have at least $225,000

A couple retiring this year will need about $225,000 in savings just to cover medical costs in retirement, according to analysis by Fidelity Investments. The figure, calculated for a couple age 65, is up 4.7 percent from the $215,000 estimate for 2007, the financial services company said. And it is similar to other projections for […]
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New hybrid GM to unveil battery powered hybrid

The Associated Press General Motors Corp. says it expects to bring its first lithium-ion battery powered hybrid engine system to market in North...

China’s manufacturing edge dulls

The Associated Press SHANGHAI, China _ China is fast losing its manufacturing competitiveness in some industries, and companies need to upgrade their...

Identity thieves wearing banking masks

A number of bogus bank sites are popping up on the Web, seeking to steal identity information. Representatives from BauerFinancial Inc. say consumers can visit their Web site to confirm a bank’s legitimacy or call the Federal Deposit Insurance Corporation at (877) 275-3342. For credit union verification, visit the National Credit Union Administration. Experts also […]
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Easter threatens St. Paddy’s Day spending

For the first time since 1940, St. Patrick’s Day falls during Holy Week, the seven days before Easter that many religious Americans consider to be sacred. The holiday collision is likely to hamper spending. “Retailers and restaurants that benefit from the St. Patrick’s Day holiday are up against a double whammy of an early Easter […]
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Oil hits $104 a barrel

The Associated Press NEW YORK_The surging price of oil reached another milestone today, jumping to an inflation adjusted record high of $103.95 a...

Construction spending takes a dive

The Associated Press WASHINGTON _Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling...

Colorado’s Congressional power rank, mediocre

Congress.org released its annual Congressional “power rankings” today, and it wasn’t particularly good news for the Colorado delegation. Colorado Democrats, with the exception...

Might not be a good time for job switching

Industries that have proven vulnerable during recessions include retail, manufacturing, the financial sector and technology, but employment analysts say don’t jump ...

Interest rates still high despite Fed actions

Despite Federal Reserve efforts to lessen the cost of credit by lowering its benchmark rate a total of 2.25 percent since September,...

Clean technology investment skyrockets

Venture capitalists invested a record $3 billion in 221 clean technology deals worldwide in 2007, a 43 percent increase over the $2.1...

Americans eager for Uncle Sam’s check

Americans are filing their tax returns earlier this year. The National Retail Federation’s Tax Returns Consumer Intentions survey found that 61.2 percent of...