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Wed, 03/16/2011 - 18:08 by Anonymous
Looking after your finances has always been important - but in today's day and age, it can sometimes be a little tricky to stay in credit on your bank account, so here are some tips that could help:
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Wed, 12/15/2010 - 07:34 by Eric Bleeker
This article is part of Our Top 5 Tech Stocks for 2011 series. If you're like me and spend most of your time scouring technology stocks but find stocks with a strong presence in cloud computing a bit too pricey, I think I've got just the right play into the field. EMC (NYSE: EMC) stands to benefit from explosive data storage trends, but it also has a powerful cloud computing kicker thanks to its massive stake in VMware(NYSE: VMW). While cloud computing stocks trade for nosebleed levels, EMC on its own isn't terribly expensive. However, after considering its stake in VMware, it's downright cheap. |
Sat, 10/23/2010 - 08:04 by Prince damin
Detroit -- The head of the National Highway Traffic Safety Administration says automakers deserve credit for speeding up their recalls of flawed vehicles.
"We are now seeing the manufacturers stepping up, looking harder at their own decisions," NHTSA chief David Strickland told the Detroit News, adding that automakers are making "the right decisions in terms of safety and consumers."
Strickland, meeting last week with the companies that make up the Alliance of Automobile Manufacturers, the trade association representing Detroit's Big Three automakers, Toyota and eight others, told them "our working relationship on safety is bearing fruit."
NHTSA is opening investigations faster, and after fewer complaints, than in the past, he said.
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Sat, 09/11/2010 - 22:59 by Prince damin
Washington -- The International Monetary Fund in Washington said continued foreclosures in the U.S. housing market could erode the availability of credit.
In a briefing note, the IMF said economic growth would continue to slow by the end of the year across the globe, naming the U.S. housing market as one of the pivotal risk factors, the British Broadcasting Corp. reported Saturday.
The note also names government debt as a key issue and calls for developing economies to concentrate on increasing domestic spending and relying less on exports.
In contrast, developed economies needed to trim their government debts and increase their export sales, the note said.
Copyright 2010 United Press International, Inc. (UPI).
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Sat, 07/03/2010 - 23:45 by Pankaj Damin
Detroit -- General Motors Co. is seeking a $5 billion line of credit from banks to repay debt and prepare for possible sluggish U.S. sales, a newspaper reported Saturday.
The line of credit would help GM in its quest to operate without further government help, The Detroit Free Press said.
The Free Press, citing an unnamed source close to talks with banks, said GM is looking to the loans to help repay some of its debt, which stood at $14 billion as of March 31, and to prepare to weather another slide in U.S. vehicles sales.
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Wed, 06/23/2010 - 12:14 by Rakhi
Norfolk, Va. -- Broadcaster Pat Robertson is counter-suing U.S. bank Sun Trust for mishandling a letter of credit concerning the purchase of a refinery, court papers show.
Robertson is the sole trustee in a trust with an energy company subsidiary CENCO Inc., which it sold in 2004.
While it was still owned by the trust, CENCO purchased an idle California refinery in 1998, the Norfolk, Va., Virginian-Pilot reported Tuesday.
The bank originally filed suit against the trust, then added Robertson as a defendant in March, seeking $3.6 million it says it is owed in payments on the credit agreement, plus fees and interest charges.
The bank also claims the trust failed to keep $11.4 million available as part of the agreement.
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Tue, 06/08/2010 - 11:40 by Pankaj Damin
Washington -- U.S. consumer borrowing rose by $1 billion in April, climbing 0.5 percent after dropping in the prior two months, the Federal Reserve reported Monday.
Economists had expected a $2 billion decline in credit activity. The Fed, however, revised its March figure from a $2 billion increase to a drop of $5.4 billion.
The Fed said credit rose 0.5 percent on an annual basis with revolving credit -- generally credit cards and lines of credit -- down 12 percent on an annual basis to $838 billion, while non-revolving credit rose 7 percent to $1.6 trillion compared with March.
Copyright 2010 United Press International, Inc. (UPI).
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Sat, 02/27/2010 - 12:12 by Rakhi
Washington -- A trade group representative asked a U.S. House committee Friday to help auto supply companies secure credit to avoid business disruptions.
Wes Smith, president of E&E Manufacturing in Plymouth, Mich., on behalf of the Motor & Equipment Manufacturers Association, told the House Financial Services Committee that auto supply companies lost 100,000 jobs over the past three years.
In addition, "the Bureau of Labor Statistics estimates that automotive suppliers will lose an additional 100,000 jobs over the next decade," he said.
Access to credit "continues to be a pervasive issue for parts manufacturers -- particularly small suppliers," Smith said.
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Fri, 02/05/2010 - 16:29 by Rick Aristotle ...
You can't judge a burger chain's report by its wrapper. Though it looks hot, juicy, and flame-broiled at first, a few bites reveal that Burger King 's (NYSE: BKC) fiscal second-quarter report isn't as tasty as it seems.
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Wed, 12/16/2009 - 12:45 by Ishita Sood
Building good credit has always been very important. The business’ future with banks and clients is dependent on its creditworthiness.
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Thu, 10/29/2009 - 11:24 by Eric Bleeker
Here at the Fool, we've searched high and low across the
Web this Wednesday morning to find the biggest news and best
stories. Here are your top five morning reads. |
Wed, 09/09/2009 - 16:24 by Jamie Anderson
Washington, September 9 -- Indicating that a recovery from the unrelenting economic recession may still be a distant dream, Federal Reserve’s data revealed that consumers in the United States borrowed a record $21.6 billion less from financial institutions in the month of July.
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