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Friday, July 6, 2012

Personal Finance Daily: Why condo boards don't like renters

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MarketWatch
Personal Finance Daily
JULY 06, 2012

Friday's Personal Finance stories

By MarketWatch

Personal Finance Daily
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Don't miss these top stories:

The jobs data out Friday is not pretty. Check out our package of stories for more details on the high and low points in the data. (There is some good news: an increase in the number of hours worked and in weekly earnings.)

Plus, don't miss Lew Sichelman's Realty Q&A to find out why it's a necessary evil that homeowners' associations are limiting rentals in condo buildings.

On the investing front, Chuck Jaffe writes about why now may be time to sell your stock winners and pay tax on the gains. Also our Weekend Investor column offers tips on how to interpret corporate-speak in upcoming earnings reports. For example, when a chief executive says the company is "poised to reaccelerate," be wary.

Andrea Coombes , Personal Finance editor

Limiting condo rentals is probably a smart move

Condo owners are worried that their homeowners' association is moving to limit the number of rental apartments, but it's probably a smart decision, writes Lew Sichelman in Realty Q&A. Plus, a homeowner asks for help in assessing whether it's a good time to refinance his mortgage.
Limiting condo rentals is probably a smart move.


How to crack Wall Street's earnings code

Investors should listen for these seven terms when CEOs and CFOs discuss the quarter's earnings and business performance.
How to crack Wall Street's earnings code.


Paying capital gains taxes now may be wise

Some investors are accelerating their tax bills, selling shares and paying the government now to avoid the higher capital gains taxes they expect down the road.
Paying capital gains taxes now may be wise.


Three TARP firms for investors to consider

General Motors Co. (GM), KeyCorp (KEY) and Synovus Financial Corp. (SNV) all received bailout funds through the TARP program. But only one of these companies is a good deal for investors now, writes Ian Salisbury.
Three TARP firms for investors to consider.


ECONOMY & POLITICS

U.S. posts weak 80,000 jobs gain in June

The United States created just 80,000 jobs in June as hiring slowed dramatically in the second quarter, confirming that the economy has hit another rough patch.
U.S. posts weak 80,000 jobs gain in June.


The jobs report in five charts

The Labor Department's employment report wasn't pretty, but there were some bright spots amid the weak growth unveiled. See the charts.
The jobs report in five charts.


Judging QE3's likelihood as Obama, Romney react

Here's a roundup of reactions to Friday's jobs report showing that 80,000 jobs were added in June.
Judging QE3's likelihood as Obama, Romney react.


Dreadful economy and a political standoff

The economy is dreadful, with job growth slowing to an unacceptably slow pace. But our biggest problem is political, writes Rex Nutting.
Dreadful economy and a political standoff.


Monetary policy isn't helping 'The Simpsons'

The Fed's ultralow interest rates punish Homer and Marge Simpson and reward Mr. Burns, reports Al Lewis.
Monetary policy isn't helping 'The Simpsons.'


What bad data news does China have in store?

China's surprise Thursday interest-rate cut, the second in less than a month, has market commentators chattering about what sort of bad surprise next week's data have in store.
What bad data news does China have in store?


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