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Funds suffering biggest exoduses, beware gas-saving deals & smartest advice - Today in Money 7/22

Posted Jul 22nd 2008 8:59AM by Allan Halprin
Filed under: Apple Inc (AAPL), Starbucks (SBUX), Ford Motor (F), Caterpillar (CAT), Money and Finance Today, American Express (AXP), H and R Block (HRB), United Parcel'B' (UPS), Wachovia Corp (WB), Merck and Co (MRK), Texas Instruments (TXN)

In the News:
· Apple Earnings Rise 31%, But Stock Sinks on Weak Outlook
· Wachovia Loses $8.86 Billion in 2Q, Stock Drops
· American Express Stock Tumbles After Poor 2Q Earnings Report
· Caterpillar Earnings Top Expectations on Overseas Demand
· Texas Instruments Struggles As Demand Slides
· UPS Profit Drops, Meets Expectations
· Vytorin Report Is Setback for Merck and Schering Plough
· Will Mervyn's Be Next Retail Casualty?
· H&R Block Names McDonald's Executive as CEO
· Brass Thieves Hit Hydrants, Raising Fire Concerns
· Ford Celebrates 100th Birthday of Model T

Town Bankruptcy Bad Sign for Other Towns
The mortgage crisis, the limping economy and a recent bankruptcy filing by Vallejo - the first municipality to do so since Desert Hot Springs, Calif., in 2001 - have hobbled this town of 120,000. Vallejo's closely watched Chapter 9 bankruptcy filing in federal court in Sacramento may be a warning sign of dangers that could befall other cash-strapped municipalities.
Economy hobbles Calif. town - USATODAY.com

10 Funds Suffering the Biggest Exoduses

Which mutual funds are seeing the biggest outflows in 2008? They include some very well-known popular funds like Fidelity Low-Priced Stock, American Funds Investment Company of America and the Legg Mason Value funds.
The 10 Funds Suffering the Biggest Exoduses

Gas-Saving Deals That Rarely Pay Off

Beware of products that claim to make cars more fuel-efficient, ad offering gas rewards and discounts, gas rewards credit cards and auctions of gas vouchers/coupons. Read the fine print first.
4 Gas-Saving Deals That Rarely Pay Off - SmartMoney.com

The Smartest Advice I Ever Got
From Bill Miller to Derek Jeter: 40 great minds share the best money lessons they ever learned.
The smartest advice I ever got - From Mom and Dad (1) - CNNMoney.com

Help on the Horizon for Soaring College Costs?

With the credit crunch hitting student loans and costs soaring, paying for college is daunting. But there are a few rays of hope.
Help on the horizon for college costs? - Bankrate.com

Independent Coffee Shops Speak Up

As Starbucks' expansion loses steam, independent coffee shops reveal the subtle ways they compete with the coffee powerhouse.
As Starbucks Scales Back, Indies Share Strategies - BusinessWeek

Blue-Collar Billionaires

Thanks to telecom deregulation and the hustle he displayed in the late 1980s buying up, then selling, long-distance phone time, Illinois native Kenny Troutt went from construction worker to billionaire. Meet the construction worker, fisherman and gas station attendant who earned astonishing fortunes.
Blue-Collar Billionaires - Forbes.com
In Pictures - Blue-Collar Billionaires

5 Places to Find Good Toys Cheap

Here are some affordable ways to make sure your little one's toy chest is full, regardless of how the economy fares.
5 Places to Find Good Toys Cheap | MainStreet

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