Back in the good, old days — say, last year — when prices were reduced on just about anything, people would buy. Gee, I’ve always wanted a wireless doorbell. But now that fear is pervasive, consumers and investors turn and run when they see a sale — odd, isn’t it? But stocks and bonds are currently on sale, and shrewd investors will defy their fear — and buy.
Growing companies eventually need a chief financial officer. Titles seem cut and dry — chief operating officer, chief executive officer, CFO — but the function of each position can vary widely from one company to the next, especially in a smaller business.
A digital billboard in Denver flashes the message FirstBank wants customers to know: They offer free checking. Just text FirstBank with your bank’s name, the billboard says, and the bank will text you back with details about how much your bank charges for checking accounts. It’s a quirky little marketing campaign that began in mid-September […]
There’s no better time to be generous. The 2010 Tax Relief Act, signed Dec. 17, temporarily raised the tax-exemption threshold for gift and estate giving. The law was set to revert to a $1 million threshold this year, with a maximum tax rate of 55 percent. Instead, the estate tax exemption was increased, during 2011 […]
What are the benefits of having nontraditional assets in your portfolio? Ted Schwartz, president of Capstone Investment Financial Group Inc., discussed these benefits and other investment topics during the Financial Planning Association’s financial forum at the DoubleTree Hotel. Schwartz uses some of the concepts of university endowment models to lower volatility or increase returns, especially for retirement income portfolios.
Chase bank has launched an interactive TV commercial that allows watchers to use their remotes to extend the commercial’s air time. For those of you that just can’t get enough of banking and credit card pitches, this might sound like a good thing, but beware, the commercials weren’t created for your viewing enjoyment alone — they’ll be used to gather socioeconomic information about your household.
During the past 25 years or so, the price-earnings ratio of Standard & Poor’s 500 companies has averaged in the low 20s, said Rod Thirion, business administration faculty member at Pikes Peak Community College. (A price-earnings ratio is a stock’s current price per share divided by the annual earnings per share. Thus, a $100 share, with a $5 EPS, has a P.E. ratio of 20.)
The Colorado Division of Banking has received high praise for its standards and practices in state banking supervision. The division earned its certificate of accreditation from the Conference of State Bank Supervisors for maintaining the standards and practices in state banking supervision set by the organization’s accreditation program. “This esteemed accreditation reaffirms their commitment to […]
Consumer credit outstanding rose by $15.4 billion during November. Revolving credit, which includes credit cards, increased $8.8 billion and non-revolving credit rose $6.7 billion, driven by a strong rebound in auto loans, according to Wells Fargo economist Ed Kashmarek. Consumers are increasingly turning to credit cards to finance their spending as the housing market shows historically large declines and home equity loans have become more difficult to obtain.
The Financial Accounting Standards Board has released the Accounting Standards Codification, which will be accessible during a one-year verification phase. The standards are available on the FASB’s Web site. During the verification period, constituents are encouraged to use the free online research system and provide feedback about whether the content reflects U.S. Generally Accepted Accounting […]
The Compass Bank Colorado Business Leaders Confidence Index dipped from 55.6 to 47.9 for the fourth quarter of 2007. National economic performance, along with pessimism about hiring and capital expenditures, drove the index to a record low.
“Rarely do ‘experts’ make the biggest contributions. People who are innovative and not limited by industry norms and preconceived notions are often those who break barriers and forge advances,” said Laura Benjamin, president of Pinehurst Press Ltd.