Personal Finance

Your Money in the News


Eskom Seeks Lower Debt Costs by Skirting Bonds After Cut to Junk

Eskom Holdings SOC Ltd. will attempt to lower its borrowing costs by exploring funding options other than the international bond market after South Africa’s state-owned electricity supplier was downgraded to junk by the two biggest credit-ratings companies.

Bank of Qingdao IPO Raises $607 Million Priced at Low End

Bank of Qingdao Co., the Chinese lender backed by Italy’s Intesa Sanpaolo SpA, and an existing investor raised $607 million after pricing a Hong Kong initial public offering at the low end of a marketed range, people with knowledge of the matter said.


How to Find -- and Afford -- Your Second Act


$5.7 billion

The Internal Revenue Service collected about that much in 2011 from penalties for early withdrawals from 401(k) retirement savings accounts

Videos: In The Money

Has the Chinese Equity Market Stabilized?

Francis Lun, Geo Securities' chief executive officer, discusses the state of the Chinese equity market with Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)

U.S. Stocks in Light Trade Before Holiday

Ted Weisberg, president at Seaport Securities, discusses the U.S. markets and when the Fed will raise interest rates. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)

Is the Global Economy Ready for a Fed Rate Hike?

Lord Robert Skidelsky, a member of the U.K. House of Lords, discusses the impact of a Fed rate hike on the global economy. He speaks with Bloomberg's Joe Weisenthal and Alix Steel on "What'd You Miss?" (Source: Bloomberg)