updated: Tue Nov 29 2011 21:49:00
Three Connecticut asset managers claimed the largest Powerball jackpot in the state's history. HLN's Vinnie Politan reports.
Three Connecticut asset managers claimed the largest Powerball jackpot in the state's history on Monday.
updated: Mon Nov 28 2011 18:16:00
Winners claim the 12th-largest jackpot in Powerball history.
Three Connecticut asset managers claimed the largest Powerball jackpot in the state's history on Monday.
He was one cool cat, trekking halfway across America before meeting an untimely death by car on a Connecticut parkway.
Anybody who has raised children, supported elderly parents, or even just owned a house knows how costly (albeit rewarding) they can be. But this year the home front is where easy-to-overlook tax breaks can be found.
Many small business owners are befuddled by complex financial statements. And it could be costing them.
Authorities believe a large cat that has been spotted around the town of Greenwich, Connecticut, is a mountain lion that either escaped or was released from captivity.
1. Employers have gotten stingier
Alexander Hamilton founded the Bank of New York in 1784, J.P. Morgan gave his bank its eponymous name in 1895, and 31 businessmen of note established Fieldpoint Private Bank & Trust in 2008.
"We're excited, but it is a lot of work," the dad-to-be (again) tells PEOPLE
Hedge fund Plainfield Asset Management is abandoning its luxury offices in Greenwich, CT. Yet no subletter will pay anywhere near their $7 million annual rent.
Morgan Christie started dating Gosselin shortly after breaking up with her fiancé
After splitting with Hailey Glassman in November, Jon Gosselin has been spending all of his time lately with a new twentysomething: Morgan Christie.
Morgan Christie, 25, comes from privileged stock in Greenwich, Conn., sources tell PEOPLE
After a six-month hiatus of initial public offerings, the market looks to be heating up.
Imagine you're a mid-level executive living in Grayling, Mich., the "Canoe Capital of the World." You've received a job offer that pays twice as much in posh La Jolla, Calif., the seaside resort near San Diego.
In recent weeks, mortgage brokers, bankers, and even Fed Chairman Ben Bernanke have been talking about a housing rebound later this year. And the figures seem to back up their optimism: New home sales rose 11% in June for the third consecutive month.
It's nearly impossible to explain to the uninitiated the enormousness of parenthood, the all-encompassing giganticness of sharing your home with a baby.
Question: I've been told real estate investment trusts offer great diversification. But do they really? Last year REITs lost 38% - that's a bit worse than the S&P 500. --Brian M., Greenwich, Conn.
Not since fourth grade have so many sophisticated investors been so troubled by a basic math equation. An asset-allocation problem called the "denominator effect" is forcing the selloff of billions in private equity and alternative investments.
The market downturn hasn't just been hard on ordinary investors; it has also hurt the high flyers
September was the worst month on record for hedge fund performance, but for one legendary player what's going on in the markets now must seem like its coming straight from the gates of hell.
Viewpoint: As Washington rushes to nationalize troubled parts of the economy, the inescapable reality is that we're all French now
On Sundays, Jeanne McEvoy sits in the office of her Loveland, Colo., liquor store and turns away customers.
Across the country, real estate agents and home sellers in wealthy neighborhoods who grew accustomed to seven-figure bidding wars during the boom are feeling the sting of the housing crunch.
The designer celebrates his betrothal to blonde bombshell Dee Ocleppo
The IPO market hasn't exactly been running at full throttle this year. And lately, it can't seem to get out of first gear.
Cécilia Ciganer-Albéniz plans to marry Richard Attias in Manhattan
Welcome to superstar hedge fund manager Cliff Asness' winter of discontent.
For many homeowners, it's an answer to the old, 'Every time I have a party, everyone ends up in the kitchen,'" says Jay Haverson, a Greenwich, Connecticut, architect who has designed half-a-dozen built-in bars in the last year.
Treasurys extended their previous session gains Tuesday as investors continued to seek shelter in the safe-haven investment amid ongoing credit market fears.
Factory activity in the U.S. Mid-Atlantic region stagnated in August, with a measure of growth falling to its weakest level this year, a survey showed Thursday.
Leona Helmsley, who ran her empire of luxurious Manhattan hotels with an iron fist and went to prison for tax fraud, has died, her publicist said Monday.
Hotel mogul Leona Helmsley, who earned the nickname the "Queen of Mean" for the high-handed way she treated employees, died Monday of heart failure at her summer home in Greenwich, Conn., said her publicist. She was 87.
Major central banks swept in to calm credit markets spooked by mounting losses Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
Business activity in the Midwest expanded less than expected in July and at its slowest pace since April, constrained by a drop in new orders - even as hiring expanded - a report showed on Tuesday.
There are two reasons I try to avoid reviewing books about investing and markets: first, because they're often written by hucksters or androids (and not particularly talented androids at that), and second, because they have a tendency to illustrate how stupid I am (as if my Schedule D couldn't confirm this). But every so often one pops out of the pile with something original to say, or an original way of saying it.
The dollar fell to a record low against the euro Tuesday as bearish sentiment on the greenback persisted, with investors still focused on narrowing interest rate differentials between the United States and Europe.
Companies flocked to U.S. markets in the first half of the year, making it the busiest six months for initial public offerings in six years, according to a new report.
The hotel industry is flush. After years of cutbacks, corporate travel budgets are expanding, and the resulting increase in demand has allowed room rates to climb at twice the rate of inflation. But it's also spurred competition among hoteliers to cater to their clients' every whim. The popularity of boutique hotels, meanwhile, is motivating even the biggest chains to pitch their individuality—and how better to do that than to put their best services forward? Here are the biggest trends in $200-a-night pampering.
Companies are marching toward the public markets, leaving a trail of prospectuses detailing some risky investments for everyday investors.
What would you do if $581 million of your family's fortune had been vaporized in just 5 1/2 years? That's a question that Bill Ford and the other 46 fourth- and fifth-generation members of the Ford...
A look at estimates for some of the most prominent houses in Zillow.com's database.
For the past several years, the hottest thing on Wall Street has been mostly off-limits to Main Street: hedge funds.
The good news is that Wall Street survived a Big One. The financial markets easily withstood what many had long predicted: the blowup of a major hedge fund.
NOT SO LONG AGO, ANYBODY WHO CLAIMED TO BE "working from home" was merely using the accepted code phrase for nursing a hangover and hiding under the covers until The Price Is Right came on. But the...
SOARING WAREHOUSES with minimalist decor, textile factories transformed into chic spaces for the wealthy and stylish ... these days there's really nothing that unusual about real estate makeovers.
ard on a birthday or an anniversary. Before you decide you hate her, you ought to know that secret of hers: Redstampcards.com, a website that for about $3 a card will send your best wishes anywhere in the U.S., on time. ...
Ever daydream about how great it would be to run your own business and be your own boss?
Do hedge funds harm or help the economy?
Here are some things that don't happen at mutual funds: Managers don't falsify results and hide for years the fact that they've squandered their investors' money, as happened at the hedge fund firm...
Katie Ashton has a secret. The successful corporate attorney and mother of two in Chicago cooks, shuttles kids around, runs marathons and--oh, yeah--never fails to send a thoughtful, handwritten ca...
After a solid third quarter, October has been one of the toughest months for hedge funds in recent memory, people in the business said.
Hedge funds headed into the fourth quarter of last year with blah returns to date. But, thanks to a rally in the final three months, they finished 2004 up nearly 10 percent.
Attention, residents of La Jolla, California -- you can sell your homes and buy 14 identical ones in Killeen, Texas, and still have more than $36,000 left in your pocket.
Bonds posted gains across the board Thursday as investors accepted a continuing monetary tightening policy by the Federal Reserve, while they ignored an economic report that revealed a jump in regional manufacturing.
Everyone knows top hedge fund managers can pull down jaw-dropping sums of cash, even after a so-so year.
Does the phrase "hedge fund" make you think of Long Term Capital Management, high leverage, rogue traders making giant and risky bets, and, as of last week, investment fiascoes big enough to move markets?
A group of investors led by Blackstone Group agreed to buy most of the U.S. coal assets of a German-based holding company for about $1 billion , in a move that underscores how high prices and demand for coal have drawn more attention from the investment community, according to Tuesday's Wall Street Journal.
It sounds like a great idea for a business operating on a shoestring: Assemble a group of experts in fields such as finance, marketing, or technology, throw in an investor or two, dub the team your...
Back in 1998, Kathleen Smith and her partners at Renaissance Capital opened the first mutual fund to focus on investing in initial public offerings. Talk about good timing. Nearly 500 companies wen...
So Nobel laureate Myron Scholes has left Wall Street (actually Greenwich, Conn., which is pretty much the same thing, only with trees) and gone home to San Francisco. His experience at Long-Term Ca...
The stories you are about to read are true. The taxpayers in the following anecdotes saved themselves money--and misery--by forming good relationships with their C.P.A.s and heeding their pros' adv...
Talk about dried up. Though the Dow has rebounded from its late-summer low, the IPO market is still flat on its face. Underwriters took just four companies public in September and October. So far t...
When it comes to figuring out what's in your small-cap fund, the answer may be location, location, location. Small-cap funds based in Chicago and elsewhere in the Midwest hold a greater number of v...
How in the world could a mutual fund log a triple-digit gain so far this year and still lag its market by nearly 70 percentage points? By investing in Russia, the former Socialist superpower that's...
How knowledgeable are typical Americans about personal finance? Contrary to what some Wall Street brokers might tell you to make you feel dependent on them, the average educated person is pretty we...
INDEX TO THE 100 COMPANIES HEADQUARTERS STOCK EXCHANGE 100 SYMBOL RANK
THIS MONTH: --What 7,000 small investors learned at a Vegas money show --How to exercise shareholder rights --Use your computer to plan for budget-busting events
On April 12, a now common spectacle played out in the stock market. A fledgling company, with a brief operating history and nonexistent earnings, offered stock to the public, which was snatched up ...
THE LATE BENJAMIN GRAHAM LAMENTED the lack of research showing which investing strategies really work. For years there weren't enough long-term company data detailing such things as earnings, reven...
Technology stocks have been the Road Runner of this bull market. Like that gravity-defying cartoon character, tech has zoomed to ever higher heights after each setback and left the rest of the mark...
The poor wretches. Those bankers, traders, and analysts on Wall Street who pocket seven-figure bonuses year after year, through good times and bad, are underpaid.
If the economy is so great, why are so many people so grumpy? This puzzling sense of gloom amid relative prosperity pervades the results of our 1995 Americans and Their Money poll. For example, the...
Office behavior, the way we treat colleagues at work, is one of those subjects that is difficult to raise without sounding prissy. It involves, dare I say it, courtesy. You know: "Ms. Fortune belie...
David Zucker has won acclaim as director of Airplane!, Ruthless People, and Naked Gun. Now he can add For Goodness Sake, a video about how to be Mr. Nice Guy. The 24-minute film, made by Los Angele...
Brinker International, a Dallas company that operates Chili's and other restaurant chains, plans to open 60 eateries this year. Each will employ 100 people, including four or five managers. Employm...
Believe it or not, some great jobs are going begging. The catch: They're overseas, often remote, and usually require foreign experience and a second language. (See right for examples of what variou...
President Clinton's reported $200 haircut by Beverly Hills stylist Cristophe left us wondering what prices and service the rest of America gets when losing its locks. So we sent a dozen corresponde...
Occupancy rates in commercial buildings have finally started to rise in certain cities (see chart for examples -- and one exception). But this doesn't mean that developers are getting rich. A virtu...
By day Mark Rozelle, 31, is director of investor relations at UST, a tobacco company in Greenwich, Connecticut. Evenings, after a fast change from pin stripes to paramilitary garb, he's ''Chop,'' l...
COMPETITION/COVER STORIES 46 WHY JAPAN WILL EMERGE STRONGER You may think it is down for the count, but the blows to the Japanese economy are purging dangerous excesses: When the country comes out ...
Richard Cheswick of Greenwich, Connecticut, has spent the past 42 years helping the rich get richer by investing their money in companies that increase profits at least 15% a year. His unswerving d...
Say one thing for stock picker Robert Gintel: he's got experience. The 63- year-old father of three (and the grandfather of four) has been in the investment business for 37 years, including the pas...
Buy the best, avoid the rest, and never sell on bad news.'' By following this credo, veteran money manager Richard Cheswick, 66, benefited fully from the wartime stock rally that boosted the Dow 18...
Q American Express recently offered me a Platinum Card. The letter said that ''membership is limited to 1% of all American Express Cardmembers.'' Is that true, and is the card, at $300 a year, a go...
Prenuptial agreements were once used primarily by very rich individuals who wanted to protect their assets from their spouses if they ever divorced. But lately, premarital pacts have become more po...
Once a crisis hits, American families do rally heroically. Brothers and sisters spend all night at the kitchen table discussing how best to help their widowed, disabled or impoverished parent. But ...
STOLT TANKERS & TERMINALS (HOLDINGS) Jacob Stolt-Nielsen Jr.'s course may have been charted long before he was born. He hails from a Norwegian shipping family; his grandfather bought his first ship...
Michael Kassen was just another ambitious bronco when he joined Fidelity Investments as a 25-year-old security analyst in 1978. But it didn't take him long to buck through the ranks to superstardom...
--Investors who want to keep one cautious toe in the stock market might ponder the recent performance of option growth funds. Lipper Analytical Services, which tracks mutual funds, lists three such...
In a jittery stock market, investors naturally grow more interested in special situations -- companies likely to restructure or be taken over. Their shares can appreciate no matter what happens to ...
RAMPANT egotism may have been the downfall of some of the world's great men, but a durable ego was also the foundation for their achievements. In 36 years with Life, Time, and FORTUNE, Roy Rowan, 6...
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