Heading for a Divorce? Tally and Appraise Your Assets

Except for child custody matters, dealing with the division of assets is always the main area of stress during divorce proceedings. But you can take concrete steps that will take at least some of the pain out of the process, as…

ITT Dismantles Its Empire, Ending the Age of Conglomerates

The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense t…

Positive Spin on Portugal Sends Asian Markets Higher

Asian markets closed higher Thursday. In Japan the Nikkei 225 Index advanced 0.7% to 10,590 and in Hong Kong the Hang Seng Index added 0.5% to end the day at 24,239. China’s Shanghai Composite Index gained 0.2% to close at 2,828.

Asian markets reacted…