BusinessWeek - Baby boomers fretting over their pensions should spare a thought for Constance DeCherney. Like many of her generation, the 27-year-old Web strategist at Planned Parenthood in New York has done little to prepare for retirement. While she became eligible for a 401(k) in 2005, DeCherney only began putting money into it last year. She now contributes 3 percent of her pay, though that's just half of what Planned Parenthood will match, and DeCherney doesn't know how the investments are performing. "Just the idea of (saving for retirement) feels overwhelming," she says. ...
Business
Goldman paying $550M to settle civil fraud charges (AP)
AP - Resolving a high-profile government case linked to the mortgage meltdown, Goldman Sachs & Co. has agreed to pay a record $550 million to settle civil fraud charges that it misled buyers of complex investments.
European stocks rally as BP shares spike (AFP)
AFP - Europe's main stock markets rose on Friday, with London helped higher by a jump in BP's share price after the oil giant halted the Gulf of Mexico leak for the first time in three months.
PersonalFinance: The lure of low mortgage rates (Reuters)
Reuters - Three straight weeks of record low mortgage interest rates has spurred another refi boom. That's understandable: The idea of locking in 4.5 percent for 30 years is really tempting.
China's AgBank up 2.2 percent in Hong Kong debut (AP)
AP - Agricultural Bank of China's shares rose 2.2 percent in their debut on the Hong Kong stock exchange Friday, improving on their performance in Shanghai a day earlier, as the rural lender rolled out an initial public offering worth up to $22.1 billion.
World stocks ease on U.S. economy outlook (Reuters)
Reuters - World stocks eased on Friday on a worsening outlook for the U.S. economy that also pushed the dollar to 7-month low against the yen and near a 2-month trough versus the euro.
FTSE 100 climbs at open (AFP)
AFP - Leading shares rose in early morning trade on Friday, buoyed by surges in BP share prices.
Goldman settles with SEC for $550 million (Reuters)
Reuters - Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.
Goldman Will Settle SEC Fraud Charges Over Mortgage Deal (Investor's Business Daily)
Investor's Business Daily - Goldman Sachs NYSE:GS agreed to pay $550 million to settle SEC fraud charges Thursday, giving investors hope that the Wall Street giant is moving past the legal and public relations mess stemming from mortgage securities at the heart of the financial crisis.
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