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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 14, 2006
Page
40
A financial column discusses how high revenue does not guarantee profit for firms like OfficeMax. It notes 2005 revenue of 9 billion vs 13 billion in 2004, the negative bottom line after expenses and taxes, and urges readers to spot red flags such as legal issues or accounting investigations while evaluating market share and future prospects.
David and Tom Gardner describe early financial education from banking statements for kids to learning with Value Line. They emphasize hands on props, exploring margins, and choosing durable businesses, while linking money to broader life opportunities and learning through games and family guidance.
A new investor recalls chasing a stock ending with W that rose and fell before vanishing from trading. The stock turned out to be a warrant that expired, teaching the dangers of chasing quick gains and the importance of understanding warrants and options before investing. The Fool explains warrants are rights to buy or sell a security within a set period.
This Camden New Jersey based company founded in 1869 owns Pepperidge Farm Pace Swanson Prego V8 Godiva and more. It created condensed soup in 1897 and earns over 7 billion in sales yearly. It inspired can colors from Cornell uniforms in 1898 and sells watercress and duck gizzard soup in China.
Jose Garcia and Michelle Limia, married in Coral Gables, Florida, manage money as a team agreeing to 50-50 splits and shared goals. They opened a joint savings account while keeping private checking, with a plan to merge finances and discuss mortgages before long-term commitment. A Fair Isaac poll found 33 percent say financial responsibility harms relationships more than infidelity, highlighting money as a key predictor of lasting marriage.
Harley-Davidson announces its first Beijing dealership as part of a broader push into Asia Pacific. The company reports 11.6 percent international revenue growth in Q1 and 16.3 percent growth in Japan, with Asia Pacific seen as a strong growth engine for future global sales. CEO Jim Ziemer notes strong Beijing turnout and optimism about translating the Harley experience to China.
Based in Amsterdam ING Group is a 150 plus year old financial services leader with around 115000 employees in 50 nations. It serves over 60 million clients with banking insurance and asset management and ranks highly in retirement services life insurance and property casualty insurance in the US and Canada respectively.
The seven day average yield on money market mutual funds increased to 4.26 percent from 4.24 percent in the prior week as the 30 day average rose to 4.22 percent. Yields on seven day and 30 day compounded scales also advanced marginally, while fund portfolio maturities averaged 37 days. Bankrate.com reported steady rates for money market accounts and CDs across several term lengths.
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