Personal Finance in the News Blog

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In 2009 Wall Street firms paid New York City employees $20.0 billion, an average of just over $123,000 per employee, which equates to a rise of 16.7 percent over the previous year. The bonus pool is able to be calculated by estimating personal income tax collections, along with additional factors.

Reports show that total compensation at large securities firms were even higher in 2009, with extraordinary industry profits of $55 billion. This figure is almost three times greater than ever re...

1. Basic Economics – The Fed uses forecasts of real GDP growth (3 percent in 2010), unemployment (9.5 percent), and core inflation (1.25 percent) to create, in this case, short-term rates through the end of the year.

2. Big Banks – The big banks, while profiting from costless funding, profit...

Following up with the first part of this story, below are the remaining five stock picks that prominent businessmen and businesswomen from around the world told the NY Times. As mentioned previously, these are considered long-term investments, ten years or more in most cases.

If there is one consensus between all of the financial professionals interviewed, when it comes to seeking long-term stocks, steady growth by well-established companies is certainly favored.

6. Flextronics Internati...

Below is a list of ten of the best stocks, or the most appealing stocks, for investors in 2010 according to ten different stock analysts interviewed by the NY Times. You should know that these are considered long-term investments, so day traders may not be too interested with these picks.

It’s important to note that over the past decade, many companies have flared up to become some of the most trusted today. But these companies wouldn’t have become so prominent, had investors not belie...

Highland Capital Management LP is an investment firm founded by Mark Okado and James Dondero, and recently the subject of a lawsuit filed by UBS AG over a collateralized debt obligation transaction that failed.

Switzerland’s biggest commercial and consumer bank, UBS sued Dallas-based Highland Capital in February 2009, claiming they lost $745 million in a deal in which a breach of contract occurred. This breach of contract suit was filed in New York State Supreme Court.

In a recent reve...