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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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News Analysis for the Investor on September 11, 2013

 Verizon offers the largest bond offering ever while Arctic Sea ice continues to grow.

| BY Catherine McBreen

 Verizon sets bond sale record

Verizon launched a massive bond sale today offering $49 billion worth of debt in the largest corporate debt  offering ever.   CNBC reports that the proceeds will be used to finance the $130 billion acquisition of its wireless unit.  Vodafone owns a 45 percent stake in Verizon Wireless and Verizon is seeking to buy Vodafone’s share.   The deal will eclipse a debt sale by Apple, the former record holder, who sold $17 billion in bonds earlier this year.

 

Apple announces two new iPhones

At a big event on Tuesday, Apple introduced its two new iPhones – the new iPhone C and the iPhone 5S.  The iPhone C is meant for the Chinese market and is priced at $99.  USA Today reports, however, that without a contract the iPhone C can cost up to $500.  While negotiations are in progress, Apple does not currently have a contract with China Mobile. The iPhone 5S includes a new operating system, compared to the existing iPhone 5.  The phone will also be faster. The system, Ios7, can be downloaded onto existing iPhone 5s and several other devices. Stocks fell after the announcement due to the lack of a contract with China Mobile.

 

Bankers raise China’s growth forecast and industrial output rises

Several investment banks upgraded forecasts for China’s growth after strong August data was released.  According to Reuters, some analysts have forecasts above the government’s estimate of 7.5 percent.  Many worry that the upturn is based upon actions taken by the government to free up credit in the property markets.   Growth in 2012 was 7.7 percent, the weakest since 1997.  The Wall Street Journal is reporting that industrial output in August climbed 10.4 percent compared to a year ago and is up from 9.7 percent in July.  The Premier of China, LI Keqiang, indicated that the focus of governmental policy is to support long term growth.

 

US Airways defends American Airlines merger

US Airways defended its merger with American Airlines in federal court filings on Monday, arguing it would create $500 million in savings to consumers annually and build a strong competitor to Delta and United.  Reuters indicates that a judge will hear the case without a jury in November.  The case is in defense of a lawsuit filed on August 13 by the Justice Department seeking to stop the $11 billion deal between US Airways Group and American Airline’s AMR Group.  The deal is critical for American Airlines who has been operating under bankruptcy protection since 2011.

 

Twitter buys mobile ads company MoPub

Twitter bought online ads company MoPub for$350 million in stock, according to Reuters.  The deal valued Twitter stock at around $20, while its shares are trading in the high $20s on the secondary market.  MoPub allows companies to keep track of ad inventory in real time, similar to Google’s DoubleClick.  Twitter is anticipated to go public in 2014.

 

Arctic sea ice increases 60 percent in 2013

About a million more square miles of ocean are covered in ice in 2013 when compared to 2012, according to a report by the National Snow and Ice Data Center.  Arctic sea ice averaged 2.35 million square miles in August 2013, compared to the low point of 1.32 million square miles recorded in September of 2012.  According to Fox News, the level of ice is still well below the 30 year average but many scientists are predicting a 15 year cooling trend.



About the Author


Catherine McBreen



Catherine S. McBreen is President of Millionaire Corner.  McBreen plans and develops content for Millionaire Corner.  Catherine balances editorial content to meet the informational needs of both new and seasoned investors.  She designs special monthly surveys on topical issues affecting the economic environment.

McBreen has a B.S. in speech communications from Northwestern University and a J.D. from DePail University College of Law.  She is a member of the American Bar Association, the Illinois Bar Association, and the Chicago Bar Association.

Well-known for her expertise in the affluent and retirement arenas, McBreen is a frequent speaker at industry conferences.  She has been quoted widely by the financial media, including The Financial Times, The Wall Street Journal, Research, Private Asset Management, On Wall Street, Reuters, Bloomberg News, The Dow Jones Newswires and Worth.  Cathy has appeared as a guest on CNBC Closing Bell, First Business Morning News, Neal Cavuto at Fox Business News, ABC and CBS radio.

McBreen is co-author with Spectrem President George H. Walper, Jr. of the book "Get Rich, Stay Rich, Pass It On: The Wealth-Accumulation Secrets of America's Richest Families" (Portfolio, January 2008)

Catherine is the mother of four and is involved in many school and community events.