The hammer falls on Quicken Online; Mint.com emerges solo

Intuit, makers of Quicken, QuickBooks and TurboTax, will shut down its free Quicken Online personal  finance site in six to nine months and put all its chips in with newly-bought Mint.com. The company closed on its $170 million acquisition of Mint yesterday. That made Mint founder and CEO Aaron Patzer the new vice president and [...]

Two Credit Ratios

Lenders have a number of ratios and formulas they use to evaluate credit applications, to set ongoing debt covenants, and to review renewals. I find two of them are most critical. They are intertwined, and if you can meet them, the rest of the covenants and ratios tend to take care of themselves. First ratio: [...]