It does not make sense to waste your money buying new when there is such a huge market of gently used items that are just as good as new–for a fraction of the price. Here are the top 9 things you will be better off buying used: Timeshares. Most people I know regret having purchased a timeshare new. No wonder. They are guaranteed to lose 30 to 70 percent of their value right off the bat, says Liz Pulliam Weston, MSN columnist. If you...

“Substantial doubt,” say auditors at Deloitte & Touche. They’ve been studying GMs figures. The numbers make them wonder whether the automaker can continue as a “going concern.” The world is full of car factories. Most of them can make cars better, faster, and cheaper than GM. Meanwhile, demand for autos is not growing as quickly as the global growth in auto-making capacity – especially in America.Let the Mr. Market do...

New York Attorney General Andrew Cuomo and U.S. Representative Barney Frank demanded Bank of America Corp. immediately disclose 2008 bonus data for all Merrill Lynch & Co. and Bank of America employees who received $1 million or more. Cuomo and Frank, a Democrat from Massachusetts who’s chairman of the U.S. House Financial Services Committee, made their demand in a March 9 letter to Bank of America chairman Kenneth D. Lewis that said...

March 6 (Bloomberg) — 36 South Investment Managers Ltd., a New Zealand-based hedge fund firm set up by derivatives traders, will close its Black Swan Fund after it gained 236 percent in the last 12 months and start a fund that wagers on inflation. 36 South will move to London from Auckland in May to boost its assets under management as investors have overlooked the manager because of its location, said Jerry Haworth, co-founder of the...