T his may turn out to be the year of the commodity fund. Burnt by the financial crisis of the last two years, money managers are now raising sharply the amount of money allocated to raw materials such as oil, gold, copper, sugar and coffee.

C onocoPhillips COP-N and Total TOT-N have announced plans to expand the Surmont oil sands development southeast of Fort McMurray, Alta. Phase II of the project will quadruple Surmont’s capacity, to 110,000 barrels of bitumen per day from 27,000 barrels per day.

New York has been for long considered the financial capital of the world. Needless to say, it is also the primary banking capital that houses some of the world’s top banks.Wall Street has played a pivotal role in transforming New York from a bankrupt city to the confident and wealthy metropolis it is today.

Your debt is profit to a few people who actually have invested in your willingness and ability to go to work, earn money and then pay credit cards and mortgages. Did you know that it’s actually more profitable for these investors if you are in default or unable to pay? You see, our economic system rewards corporations for losing money, and provides them with outrageous profits for investing in your debt

Online shopping has never been more fun and now you have more options than you ever imagined. It is amazing how fun online shopping has become I found a interesting and new buy now pay later feature when I was surfing through internet stores a couple of days ago. It’s a pretty cool feature where online buyers have an option to choose a bill me later option when entering the ready to check out section of the webpage in some of the online stores

BrightScope Inc., a provider of 401(k) plan ratings, today introduced a new online tool that provides investors with personalized data about how much they are paying in fees in their retirement plans. The tool can be an asset for advisers trying to win rollover business, because it shows not only how much investors are paying in 401(k) fees, but also determines how much they could save if they rolled over to a lower-cost individual retirement account, said Ryan Alfred, Brightscope’s co-founder and president. “What better way to win rollover business than to show clients how much they would save through rolling over their 401(k) plan assets to an IRA,” Mr.

C itigroup C-N said Tuesday it lost $7.58-billion (U.S.) during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout money. Citigroup on Tuesday said $6.2-billion of the loss was tied to paying back $20-billion in money it received from the government. The New York-based bank set aside $8.18-billion to cover soured loans during the quarter.