WGilroy
– The face of retirement is changing. People are looking at
retirement as a beginning, not an end. An entire generation is
What are you doing for the rest of your life?
Gilroy – The face of retirement is changing. People are looking at retirement as a beginning, not an end. An entire generation is
interested in their ability to pursue their own dreams and goals, at their own pace, and on their own terms. As they look forward, many people ask three basic questions about their retirement: What will my retirement look like? When will it happen? How do I get there?
Answer these questions at “The New Retirementality” luncheon. This free, interactive workshop is hosted by Tim Fortino, investment representative at Edward Jones Investments. The workshop will start at noon, Feb. 15 at the Westside Grill, 8080 Santa Teresa Blvd., Suite 100.
Details: RSVP: at 846-7748
EBay beats expectations as 4Q profit increases 24 percent
San Francisco – EBay Inc. reported Wednesday that fourth-quarter profit increased 24 percent from the same period last year, trouncing Wall Street estimates and prompting executives to raise estimates for the current quarter.
Thanks to scorching holiday sales – particularly in eBay’s traditional strongholds of the United States, United Kingdom and Germany – the San Jose-based online auction company earned $349 million, or 25 cents per share, for the three months ended Dec. 31. It earned $279 million, or 20 cents per share in the year-ago period.
“It was a very strong quarter capping a very strong year,” eBay President and Chief Executive Meg Whitman said.
Fourth-quarter revenue totaled $1.72 billion, up 29 percent from $1.33 billion in the year-ago period.
Mortgage defaults in California soared in 4th quarter
Los Angeles – Mortgage defaults in California more than doubled on an annual basis in the last quarter of 2006, with most of the troubled loans taken out by homeowners within the last two years, a real estate research firm said Wednesday.
In all, 37,273 default notices were sent to homeowners between October and December, up 145.3 percent from 15,196 in the fourth quarter of 2005, San Diego-based DataQuick Information Systems said.
The number of defaults last quarter marked a 36.9 percent increase from 27,218 in the third quarter of 2006, and was the highest for any quarter since the third quarter of 1998, the firm said.
Mortgage defaults have been on the rise statewide since fall 2005, coinciding with a slowdown in sales and lagging home appreciation that began that year. The notices serve as an early indicator of possible foreclosures.
When home appreciation slows, it makes it harder for homeowners who fall behind on their mortgage payments to sell their homes.
