Notice savings rates hit three year high

Apple stock got hit again today, falling 1% to $509. That's the lowest close since the stock began its recent slide in September. Apple is now down 27% from its peak.

Some relief for savers, as Moneyfacts.co.uk reports that rates on short-term fixed-rate bonds have hit their highest level in over a year. Having fallen to an all-time low of 2.52% in August, the average rate on a one-year bond has hit 2.85%, the highest level seen since March 2010. Meanwhile, rates on two-year bonds are [...]

BRUSSELS — Throughout Europe’s debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries’ problems, and the notion of “taxpayer-funded bailouts” has taken root. Yet despite three-and-a-half years of debt and banking turmoil, with bailouts totalling more than 400 billion euros, northern eurozone taxpayers have not actually lost a cent.

Ockham Research submits: At Ockham, we often like to check in on the prevailing school of thought among Wall Street analysts. Study after study has shown the analyst community to be woefully inaccurate at predicting corporate profits.