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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
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.

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News for the Investor on Sept. 15, 2014

Record demand may hang up Apple iPhone 6 Plus orders, "Guardians of the Galaxy" tops $300 million and Russian sanctions ripe for tomato protest. Read about these and more of the day's top business news stories.

“No Good Deed” Punished by Critics, Unpunished at Box Office

“Guardians of the Galaxy” became the year’s first film to top $300 million, but it was no match at the box office for the home invasion thriller, “No Good Deed,” the weekend’s top film with $24.5 million. This despite punishing reviews and last-minute cancellation of critic screenings.  Analysts credit the films social marketing campaign for the film’s sleeper success. The family film, “Dolphin Tale 2” made waves with $16,5 million. Rounding out the top five were previously released films, “Guardians,” “Teenage Mutant Ninja Turtles” and “Let’s Be Cops.” Another new film, “The Drop,” the late James Gandolfini’s last film, came in sixth in its limited release.

Demand Delays Apple iPhone Shipments

If you ordered Apple’s new iPhone 6 Plus, you may be put on hold. Reuters reports that a record demand for the company’s latest smartphone has outstripped supply and may result in a three to four week wait. The iPhone 6 Plus, which features a larger screen, goes on sale in the United States on Sept. 19, but Apple began taking orders online on Thursday. The smaller, 4.7-inch version of the smartphone remains available for delivery. Customers who ordered the iPhone 6 Plus through Verizon Wireless, AT&T and Sprint Corp may see delays up to six weeks.

Pulp Friction at Tomato Protest

Amsterdam’s central Dam square ran red with the pump of tomatoes as hundreds of young Dutch men and women pelted each other with in an event staged as a protest against Russian sanctions blocking imports of European fresh produce. Tickets to the one-hour tomato fights cost $18 each and around 1,000 were sold, Reuters reports.

Proceeds will go to tomato growers hurt by the sanctions. The Netherlands competes with Mexico for bragging rights as the world's largest tomato exporter. It sent $100 million worth to Russia last year. Dutch farmers have been offered a subsidy to either dispose of excess crops or donate them to food banks.

Novo Banco Gets New Management

A new senior management team has been appointed by The Bank of Portugal to run Novo Banco, a bank which the government wants to sell and recoup the $5 billion taxpayers provided to resolve Portugal's biggest financial scandal the Associated Press reports. The government is eyeing a sale before a general election next year. Eduardo Stock da Cunha, previously at Banco Santander and Lloyds, will be Novo Banco's chief executive. The bank’s senior leadership quit Saturday after seven weeks in charge, saying the government had changed its plans for the bank.

Campaign for Scotland Independence in Home Stretch

Scottish voters will decide on Thursday whether to break away from the United Kingdom after more than three centuries. Turnout is expected to be historic, as may be the result. Among the unanswered questions, the New York Times observes, are how much market and economic upheaval would result with a yes vote, and what currency an independent Scotland would use. Because polls will not close until late, the results are not expected until Friday morning.

Heineken Rebuffs “Non-Actionable” Takeover Big

Dutch brewer Heineken said Sunday that its controlling shareholder intend to keep the company independent in the wake of a potential takeover bid by rival SABMiller.

The maker of Heineken and Amstel beers said it concluded that the proposal was "non-actionable”. The founding family owns just over 50 percent of Heineken via Heineken Holding. A further 12.5 percent is owned by Mexico's FEMSA. Bloomberg reports that SABMiller's offer would have made the Heineken family one of the largest shareholders in the combined group and that the approach was made in the past two weeks. SABMiller is the world's No 2 brewery. Heineken, the largest player in the Western European market, has expanded steadily in faster-growing emerging markets, including Mexico and Asia, Reuters reports.