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The Conference Board Consumer Confidence Index™ Increases Sharply in April 2009

added: 27-05-2009

The Conference Board Consumer Confidence Index™, which had improved considerably in April, posted another large gain in May. The Index now stands at 54.9 (1985=100), up from 40.8 in April. The Present Situation Index increased to 28.9 from 25.5 last month. The Expectations Index rose to 72.3 from 51.0 in April.

Mobile Banking Hits Mainstream in 2009

added: 27-05-2009

Despite the general downturn in the banking industry, new research from TowerGroup finds that 2009 will be a pivotal year for mobile banking as it turns from a niche channel to a mainstream channel for consumer banking. TowerGroup estimates that mobile banking usage will grow from 10 million active users in 2009 to over 53 million active users in 2013, representing a compound annual growth rate of 51.8%.

New Survey Documents Toll of Economic Crisis on Customer Relationships With Banks, Outlines Steps To Rebuild Trust and Confidence

added: 27-05-2009

Results of a new survey released by S1 Enterprise confirm that troubles in the banking sector have taken a toll on customers' relationships with their financial institutions - and provide insights on how banks can rebuild trust and confidence. Fielded among more than 1,200 U.S. and European consumers and 54 large corporate banking customers in April 2009, the survey finds that only 9 percent of consumer respondents in the U.S. and in Europe are currently confident in financial institutions.

Wireless Communications Sector Will Reap Huge Benefit from $6.8 Billion Stimulus Bill Funding

added: 27-05-2009

The American Recovery and Reinvestment Act (ARRA, also known simply as the Stimulus Bill) will provide funding for a massive $6.8 billion worth of wireless communications upgrades and new deployments over 2009-2010. The Act offers a significant one-off opportunity for wireless equipment vendors, an opportunity that is examined in depth by a new study from ABI Research.

Mortgage Rates Rise Slightly Nationally

added: 27-05-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.02 percent, up from 5.00 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Meanwhile, rates for 15-year fixed mortgages also dropped to 4.60 percent from 4.63 percent, and 5-1 adjustable rate mortgages rose to 4.27 percent from 4.21 percent the week prior.

Small Business Economic Confidence Drops Sharply after 3-Month Climb

added: 26-05-2009

After reaching its highest level in 14 months, the economic confidence among small business owners fell in May as owners reported cash flow concerns and expect to cut back on business development spending, according to the latest Discover® Small Business WatchSM. The monthly index dropped more than 10 points to 78.1, down from 88.5 in April.

Now is a Critical Time for Automakers to Maintain Customer Confidence

added: 26-05-2009

Many historic events have taken place in the auto industry recently, and most of the automakers are getting negative press around them. The domestic automakers, however, are getting the lion’s share of it. When the dust from this downturn settles, the automakers that consistently took care of their customers and gave them a reason to maintain confidence and trust in their brands will likely reap the rewards of strong satisfaction and loyalty. This will then culminate in higher sales.

Fitch: Weakness Continues For Japan's Mega Banks Following FYE09 Results

added: 26-05-2009

Fitch Ratings has said, in a new comment to be published shortly, that the annual results to end-March 2009 (FYE09) of Japan's three "mega" banking groups - Mitsubishi UFJ Financial Group (MUFG), Mizuho Financial Group (Mizuho), and Sumitomo Mitsui Financial Group - were the worst since FYE03 when Japan was mired in its own home-grown financial crisis.

Industrial New Orders Down by 0.8% in Euro Area

added: 26-05-2009

In March 2009 compared with February 2009, the euro area (EA16) industrial new orders index fell by 0.8%. In February the index remained unchanged. In the EU27 new orders declined by 0.7% in March 2009, after dropping by 1.2% in February. Excluding ships, railway & aerospace equipment4, for which changes tend to be more volatile, industrial new orders decreased by 0.2% in the euro area and by 0.1% in the EU27.

Web 2.0 Gains Momentum in Europe, with Companies Looking for New Ways to Stay Productive

added: 26-05-2009

The year 2008 and economic downturn have changed the way companies are going about their daily business. In response to the current recession in Europe, businesses are seeking new ways to stay productive while significantly cutting costs with the help of Web 2.0 solutions. From lower-cost versions of enterprise applications, to utilising cloud computing, 'crowd sourcing' business owners are taking advantage of what Web 2.0 has to offer.

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