RSS Facebook Twitter LinkedIn

Featured Advisor

Asset Preservation Advisors


State: GA

APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

Click to see the full profile

Share |

News Analysis for the Investor on May 7, 2013

Cyberattack warning for banks today

| BY Catherine McBreen


Cyberattack warning

Consumer websites for the FBI, White House, seven federal agencies and 130 small and large banks and credit unions have been targeted by the hacking organization Anonymous for Distributed Denial of Service, or DDoS  today.  According to USA Today, this threat is unique because many smaller banks have been included and many smaller organizations may not have the tools to adequately defend themselves.  The threat was posted on Pastebin.  The motive for the hackers is allegedly revenge for US “war crimes”.

Microsoft to admit failure with Windows 8?

Microsoft will be changing course with its Windows 8 operating system, according to CNBC.  Key aspects of how the software is used will  be changed in an updated version to be released later this year.  Analysts warned that a change of course would admit defeat.  Windows 8 was meant to update the personal computer to the tablet era.  Users have indicated a steep learning curve exists for those first using the system.

US home prices increase 10.5 percent in past year

The Associated Press is reporting that, according to a survey by Core Logic, US home prices rose 10.5 percent in March compared to a year ago.  Prices increased in 46 states, with eleven states posting double digit gains.  Nevada, California, Arizona, Idaho and Oregon were the states with the largest gains.  Home prices rose 1.9 percent in March compared to February indicating a good start to the spring season.

San Francisco sues Monster

San Francisco City Attorney Dennis Herrara has sued Monster Beverage Corporation in the State of California, according to the Wall Street Journal.  The lawsuit accuses the company of marketing its caffeinated energy drinks to children despite alleged health risks.  The company indicates that it doesn’t market to children and that its energy drinks are safe.  A typical can of its energy drink allegedly has half the caffeine per ounce of Starbucks coffee.  Currently the FDA does not set caffeine limits for energy drinks, only for “cola-like” beverages.  That particular rule has been in place since the 1950s.

Ethiopian Air asks Boeing for remuneration

The Chief Executive of Ethiopian Air has asked Boeing for compensation for the grounding of the 787 Dreamliner planes.  The airline was forced to ground its four Dreamliners following the FAA’s order for a safety review.  According to the Associated Press,  the airline will begin discussions with Boeing now that the Dreamliners are once again flying.

Germans buying Italian homes

Foreign investment in Italian vacation properties is increasing as Germans, Britons and Russians take advantage of Italy’s monetary challenges.  Bloomberg reports that residential sales in Italy dropped 26 percent last year after a plunge in mortgage lending and almost two years of recession.  Second-home sales to buyers from other countries rose 14 percent last year, with non-Italians spending 2.1 billion euros ($2.8 billion).  Germans accounted for 40 percent of the transactions.

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.