Latest News
- 03/30/2012 Consumer credit card purchases could lead to portfolio growth: A new report from Fitch Ratings reveals that credit card purchases by some consumers could lead to modest portfolio expansion in some cases.
- 03/30/2012 US stocks fall amid Greek debt issues: U.S. stocks declined on March 29 in light of concern over the Greek debt situation and the fact the country could be forced to restructure once again, according to Bloomberg.
- 03/30/2012 Best Buy to close 50 big box stores, stock falls 8 percent: Trouble may be on the horizon for Best Buy as its stock took a nose dive on March 29, following the announcement that it will close 50 big box stores in the United States by 2013.
- 03/30/2012 Annie's makes splash on stock market in trading debut: Annie's, maker of natural and organic foods like crackers and macaroni and cheese, made a notable impression in its trading debut, surging by as much as 77 percent, according to Bloomberg.
- 03/29/2012 Facebook stops share trading on secondary markets: Facebook has decided to halt the trading of its shares on secondary markets by the start of April, two people familiar with the situation told Bloomberg.
- 03/28/2012 Federal Trade Commission rules on US consumer privacy: The Federal Trade Commission recently released its final report - "Protecting Consumer Privacy in an Era of Rapid Change: A Proposed Framework for Businesses and Policymakers" - highlighting business best practices for protecting the privacy of U.S. consumers.
- 03/28/2012 Central bank cautious on lauding economic advancements: Federal Reserve Chairman Ben Bernanke is treading lightly when it comes to praising the improving economy, which many think is a move to preserve the reputation of the central bank, according to Bloomberg.
- 03/27/2012 US stocks reach highest level since May 2008: Following Federal Reserve Chairman Ben Bernanke's announcement on accommodative monetary policy, U.S. stocks advanced and fueled the Standard and Poor's 500 Index to hit the highest level in nearly four years, according to a March 26 report from Bloomberg.
- 03/26/2012 New car retail sales rise in March: J.D. Power and Associates, in conjunction with LMC Automotive, released a report that indicates strong new car retail sales on a year-by-year-basis in March, with that pace expected to continue through the end of the month.
- 03/26/2012 New car sales to surpass highs in March: New car sales in March are expected to reach their highest levels in five years, according to a report from Kelley Blue Book.
- 03/23/2012 Survey finds investors pessimistic about future finances: A new survey commissioned by BNY Mellon Wealth Management found more than 60 percent of Americans sense public pessimism concerning the financial markets.
- 03/21/2012 Yahoo shareholder vies for greater influence: Yahoo could soon see some significant changes. According to the Wall Street Journal, one of the company's major investors is urging shareholders to vote four nominees to its board - a move that could lead the company in an entirely new direction.
- 03/21/2012 UPS to buy TNT Express: United Parcel Service is working to expand its global presence by agreeing to acquire TNT Express, a rival delivery service company, for $6.8 billion.
- 03/20/2012 Housing starts up 34.7 percent in February: A new report from the U.S. Census Bureau, in conjunction with the Department of Housing and Urban Development, reveals that privately owned housing starts were up 34.7 percent in February compared with the figures posted in February 2011.
- 03/20/2012 Consumer credit default rates drop in February: The recently released S and P/Experian Credit Default Indices reveal that consumer credit default rates decreased in February on a month-over-month basis.
- 03/19/2012 Sunbelt region leading economic, housing turnarounds: A recent report from Jones Lang LaSalle, a financial and professional services firm, shows that the Sunbelt region of the United States is experiencing a surge in employment, population and housing demand in both the office and housing sectors.
- 03/19/2012 Survey finds Americans put more money in their savings accounts last year: A recent survey from CouponCabin.com reveals that nearly 40 percent of adults in the United States have put more funds in their savings accounts over the last year, compared with previous years.
- 03/19/2012 Survey finds optimism for housing industry, economy: As the housing industry goes, so does the economy, and a recent survey reveals that improving economic conditions across the United States is leading to increased optimism for the real estate market this year.
- 03/16/2012 Porsche experiences surging demand for 911 model, could lead to profitable 2012: A recent report from Reuters reveals that Porsche, the indebted German carmaker, is experiencing so much demand for its 911 model this year that the company expects to earn a profit in 2012.
- 03/16/2012 New iPad sells out initial stock, next wave expected in 2 to 3 weeks: The new iPad sold out of its initial stock before even hitting stores, with the delivery date of March 16 filled and new orders now expected to be shipped on March 19.
- 03/15/2012 Survey finds Americans accepting responsibility for their finances, still enjoy government safety net: Although many Americans take pride in responsibly handling their own finances, a new survey suggests that some still want the safety net provided by government programs and assistance.
- 03/14/2012 Job insecurity and financial uncertainty leading to retirement woes for some: A recent report from the nonpartisan Employee Benefit Research Institute in Washington reveals that Americans' confidence in their ability to afford a comfortable retirement is at historically low levels due in part to financial insecurity and job instability.
- 03/13/2012 Investors overwhelmingly believe decisions from DC have negatively affected portfolios: FTI Consulting, a global business advisory firm, recently released the results of a study that considered the role of CEOs in public policy formulation and decision making.
- 03/13/2012 Buy and sell-sides changed operations due to Dodd-Frank Act: New research from Rule Financial, a provider of IT and business consultancy and services to the global investment banking community, reveals the impact the Dodd–Frank Wall Street Reform and Consumer Protection Act has had on the buy and sell-sides.
- 03/12/2012 Falling unemployment rate, climbing work hours lead to signs of life in economy: A recent report from Express Employment Professionals reveals that a dropping jobless rate, coupled with increasing work hours, is contributing to a strengthening U.S. labor market.
- 03/12/2012 Study-Consumers distancing themselves from major banks: A recent study reveals that U.S. consumers are straying from financial services brands, most notably the ones that carry the biggest presence.
- 03/12/2012 Federal Reserve-Consumer borrowing on the rise: Recent data analysis from the Federal Reserve reveals that American consumers are increasing their borrowing to buy more cars and acquire higher education.
- 03/09/2012 Survey-Young investors wary of retirement funds: A recent survey conducted by T. Rowe Price reveals that most young investors do not believe they will have enough money for their retirement, but those with a specific financial plan are more confident about their readiness for their golden years.
- 03/09/2012 Labor Department- 227,000 net jobs added in February: Recent data analysis from the U.S. Department of Labor indicates the employment sector is gradually improving, as the country added 227,000 net jobs in February, marking the third straight month of gains of more than 200,000.
- 03/09/2012 Birinyi remains bullish on US equities: Laszlo Birinyi, president of research firm Birinyi Associates, recently reaffirmed his support for U.S. equities even though they have underperformed of late.
- 03/08/2012 Apple continues digital tablet domination with new iPad launch: A recent report from Frost and Sullivan reveals that Apple is continuing its domination of the digital tablet market with the recent launch of the new iPad.
- 03/07/2012 Report- Android and iPhone make up 91 percent of mobile OS market share: Jumptamp, a leader in targeted mobile advertising, recently released its February MobileSTAT report that revealed Android and iPhone have a combined 91 percent share of the mobile OS market.
- 03/07/2012 35 percent of Americans say economy moving in the right direction: A recent report from Fannie Mae reveals that consumer attitudes toward personal finances and housing have stabilized in light of recent positive economic news, with an increasing number of Americans believing the economy is on the right track.
- 03/07/2012 Apple dominating digital tablet market: A recent report from Forrester Research reveals that hours before Apple's expected release of its new iPad tablet, there is still no Android-based competitor with more than 5 percent of the market.
- 03/06/2012 Yahoo considering cutting thousands of jobs: Yahoo is contemplating making significant cuts to its staff, as the company's CEO overhauls the company's business to cope with market-share losses.
- 03/06/2012 Bank president predicts less Fed easing: Richard Fisher, president of the Federal Reserve Bank of Dallas, recently issued a statement saying he opposes additional Fed purchases of securities.
- 03/05/2012 Speculative wagers on crops reach high point: Bets on higher agricultural prices have reached a five-month high from speculators, following increasing concern that a drought in South America would curb supplies of corn, sugar and soybeans, according to a recent Bloomberg report.
- 03/05/2012 Crude drops following Iran comments from Obama: Crude oil dropped for the first time in three days after President Barack Obama said a pre-emptive strike against Iran could generate sympathy for the nation, alleviating concern that an attack would occur, according to a report from Bloomberg.
- 03/05/2012 Bloomberg-Wage gains could boost consumer spending: A recent report from Bloomberg reveals that the largest six-month increase in pay for U.S. workers in nearly five years could help pave the way for a rise in consumer spending, the largest sector of the economy.
- 03/02/2012 Facebook increases credit line: Facebook has hired Deutsche Bank AG, Citigroup and Credit Suisse Group AG to work on its $5 billion public offering as well as provide it access to a higher credit limit, a person with knowledge of the situation told Bloomberg.
- 03/02/2012 Chrysler announces huge February for car sales: Chrysler Group recently reported U.S. sales in February increased 40 percent, making it the best February in four years.
- 03/01/2012 US stocks rally on jobless news, other factors: U.S. stocks rallied on gains in Spanish bonds and surges in oil for March 1, Bloomberg reported at 2:54 p.m. CST.
- 03/01/2012 Chevrolet makes biggest splash with consumers from its Super Bowl ad: With major automakers across the world attempting to appeal to the American consumer with their Super Bowl ads, a new report reveals just how effective they were.
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