New threats to credit scores
A revised FICO formula will kick in soon, and the balances you carry will matter more than ever. Luckily, little missteps will count less. Plus: How you can protect yourself.

Investors cheer new year despite weak data
The first economic report of 2009 shows the worst manufacturing reading in 28 years, but stocks rally on optimism about the new year. Russia and the Ukraine say a natural gas dispute won’t cause shortages in Europe.

The Optimality of Uniform Pricing in IPOs: An Optimal Auction Approach

This paper uses an optimal auction approach to investigate the conditions under which uniform pricing in IPOs is optimal. We show that the optimality of a uniform price in IPOs depends crucially on whether the (optimal) allocation rule is restricted. These restrictions may stem from the retail investors’ budget constraint and/or from the institutional investors’ preferences. We show that the main determinant of the optimality of a uniform pricing rule is the existence and the shape of the retail investors’ budget constraint. In contrast, institutional investors’ preferences are shown to mainly affect the optimal allocation rule.

Financial Success Isn’t Difficult Posted By : rateempire
Financial success isn’t a hard task to master. It simply takes dedication, hard work and a little old fashioned commitment.