HACKERS BREAK IN CITIGROUP INC.

HONG KONG (AP) — Hackers stole account  details of much more than 360,000 of Citigroup Inc.’s U.S. credit card customers in a current data breach, the bank mentioned Wednesday, virtually double the number at first believed. …..item 1)…..Yahoo! News beta….Citigroup says 360,000 affected by hackers By KELVIN CHAN – AP Organization Writer | AP – 1 hr 45 mins ago……Thursday June 16, 2011 beta.news.yahoo.com/citigroup-says-360-000-impacted-hacke… HONG KONG (AP) — Hackers stole account info of more than 360,000 of Citigroup Inc.’s U.S. credit card buyers in a current data breach, the bank mentioned Wednesday, virtually double the range at first believed. Citi stated final week that about 1 % of its credit card buyers had account data hacked...

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No guesswork, get the facts on retirement planning

IF YOU are over 30, you may recall a time when a regular loaf of bread cost less than $3; when thousands of dollars could buy property; and 'billion' was an abstract monetary concept for most people. To say then that money in 2011 isn't what it used to be, is to state the obvious. The economists among us will quickly point to the factors at play, beginning with inflation and its degenerative effect on the cash you have in hand, or in the bank. Simply defined, inflation is a rise in the general level of prices of goods and services over a period of time. Housewives understand its power to increase the food bill and, by extension, shrink their purchasing power. Nowadays, financial planners develop formulae to estimate the impact inflation will...

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Spain Approves Pension Bill in Bid to Woo Investors

The Spanish government agreed to raise the retirement age in a renewed bid to restore investor confidence after a 20 billion-euro ($27 billion) plan to shore up savings banks failed to tame the nation’s borrowing costs. Four months after Spanish workers disrupted transport and broadcasts in a general strike aimed partly at the pension plan, the Cabinet approved a bill to increase the retirement age to 67 from 65, Deputy Prime Minister Alfredo Perez Rubalcaba told reporters in Madrid today. The government, unions and employers reached an agreement earlier today after late-night talks on the bill and changes to wage-bargaining. Spain’s worst economic crisis in six decades and a jobless rate of 20 percent have quickened the pace at which the...

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