â¿¿ GREECE-CITIBANK â¿¿ U.S.-based Citigroup says it will close 16 of its 37 bank branches in Greece, citing the country's recession-hit "business and economic environment" â¿¿ becoming the latest overseas lender to cut back its Greek operations.
â¿¿ JAPAN-TRADE â¿¿ Japan logs its fourth straight monthly trade deficit in October as the European debt crisis and strained business ties with China over a territorial dispute reduce exports.
â¿¿ BRITAIN-ECONOMY â¿¿ The British government continues to borrow more than planned in October as corporation tax revenue falls sharply in the wake of a nine-month recession.
OF MUTUAL INTEREST-RISKS AND OPPORTUNITIES
BOSTON â¿¿ Dividend-paying stocks are so popular now that it's jarring to hear a market strategist suggest they're no longer solid investments. Yet Seth Masters of AllianceBernstein says these income-generating stocks have become so expensive that they no longer offer the relative safety investors expect from them. He sees far more opportunity in the market's lowest-priced value stocks, which have become bargains. Masters discusses the top current opportunities and biggest risks. By Personal Finance Writer Mark Jewell.
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Despite its name, United Technologies isn't a flashy growth stock. And that's a good thing for dividend investors focused on long-term cash over flash. The 78-year-old conglomerate has raised its dividend for 18 straight years. Shareholders currently receive $2.14 per share annually, for a yield of 2.8 percent.