It's Not Too Late: Year-End Tax Moves

Once you’ve reached the last month of the tax year, your options are limited to minimize your income taxes. But there are a few things that could still be done, so don’t give up hope.For example, you could double up your real estate taxes by prepaying next year’s tax during December. Doing this with, for example, a $3,000 per year real estate tax bill could result in a reduction of tax for the year...

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New Website Takes Social Approach To Personal Finance

The Internet is a great source of information on personal finance, but often this information lacks the personal touch. The new website MyMoneyCircles.com aims to provide that personalized element by taking an interactive, social media-style approach.Though it focuses on the human element, MyMoneyCircles is anything but soft and fuzzy. The website refers to its approach as a "boot camp" for personal...

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Marlins trade away Escobar to Rays

(Reuters) - The Miami Marlins continued an off-season of cost-cutting by trading away recently acquired shortstop Yunel Escobar to the Tampa Bay Rays on Tuesday.Escobar was signed last month in a 12-player deal that sent Miami players Jose Reyes, Mark Buehrle and Josh Johnson to Toronto.However, the six-year player with a .282 career batting average has now been quickly shipped to the Rays in exchange...

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Sports fans can pursue U.S. antitrust case over programs

NEW YORK (Reuters) - A federal judge on Wednesday allowed sports fans to pursue a lawsuit accusing Major League Baseball, the National Hockey League and various networks of antitrust violations in how they package games for broadcast on television or the Internet.U.S. District Judge Shira Scheindlin in Manhattan said the subscribers could pursue claims that the packaging has reduced competition,...

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Phillies trade young pitchers to Twins for OF Revere

(Reuters) - The Philadelphia Phillies have filled a big need by landing speedy center fielder Ben Revere in a trade with the Minnesota Twins, the Major League Baseball teams said on Thursday.The Phillies sent right-handed pitcher Vance Worley and right-handed pitching prospect Trevor May to Minnesota."Ben is an outstanding, young, controllable center fielder who fits nicely with our club," Phillies...

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Low prices boost SF home sales to 5-year Jan. high

LOS ANGELES (AP) — Home sales in the San Francisco Bay area reached a five-year high for January, as prices and mortgage rates plunged, a real estate tracking firm reported Thursday.However, many of those purchases involved properties that were subject to foreclosures or short sales, indicating the housing market is far from recovered.The survey by San Diego-based DataQuick also showed the median...

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Why the Slowest Investors Win the Race

Anyone who attended kindergarten remembers Aesop's fable about the tortoise and the hare. The story's moral has implications for investors: Slow but steady wins the race.Hare investors try to sprint to the finish line of a comfortable retirement without girding their portfolios against the perils of volatility — frequent ups and downs in asset value. So they tend to lag far behind tortoise investors,...

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US rate on 30-year mortgage hits record 3.83 pct.

WASHINGTON (AP) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ticked down to 3.83 percent. That's the lowest since long-term mortgages began in the 1950s. And it's...

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Venezuela VP: Chavez suffers 'new complications'

CARACAS, Venezuela (AP) — Hugo Chavez has suffered "new complications" following his cancer surgery in Cuba, his vice president said Sunday, describing the Venezuelan leader's condition as delicate.Vice President Nicolas Maduro spoke with a solemn expression in a televised address from Havana, saying he had spoken with Chavez and that the president sent greetings to his homeland. Maduro did not give...

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Venezuela's official statement on Chavez's health

English translation of statement read by Vice President Nicolas Maduro in Havana on Sunday about the health of President Hugo Chavez:"The Government of the Bolivarian Republic of Venezuela fulfills its duty by informing the Venezuelan people about the course of President Hugo Chavez's medical treatment after the surgery performed in Havana, Cuba on Dec. 11."As is known, on December 28 we traveled...

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