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Platts Survey: January OPEC Oil Output Fell to 28.97 Mil. Barrels Per Day

added: 11-02-2009

The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 28.97 million barrels per day (b/d) of crude oil in January, according to a Platts survey of OPEC, oil industry officials and analysts just released. This is a decline of 930,000 b/d from the December level of 29.9 million b/d.

Bankruptcies Expected in Coming Months for Some of the Nation's Biggest Homebuilders

added: 11-02-2009

Based on a review of the 33 U.S. homebuilders with more than $10M in revenue, more than 30 percent are in financial distress and in danger of filing for bankruptcy, according to an analysis by Grant Thornton Corporate Advisory and Restructuring Services.

Fitch: Negative Outlook for Global Auto Industry in 2009

added: 11-02-2009

Fitch Ratings says in a special report that the global outlook for the automotive industry in 2009 is negative, as global auto manufacturers continue to face challenging prospects for the year to come.

Morpace Reports: Investors Continue Conservative Shift

added: 11-02-2009

Recoiling from financial fears and a down market, nervous consumers are becoming increasingly cautious about investment decisions according to a new Morpace poll.

Retailers That "Act Vertical" Will Weather the Recession

added: 11-02-2009

While the deepening recession is decimating the U.S. retailing landscape, forcing steep markdowns and pushing traffic to the discount channel, a new Kurt Salmon Associates study predicts retailers with unique and compelling products and experience, supported by seven capabilities, will emerge from the recession successful.

The Conference Board Leading Economic Index for Korea Declined 1.5 Percent in December 2008

added: 11-02-2009

The Conference Board Leading Economic Index for Korea declined 1.5 percent and The Conference Board Coincident Economic Index declined 1.3 percent in December.

US Job Openings and Labor Turnover in December 2008

added: 11-02-2009

On the last business day of December, there were 2.7 million job openings in the United States, and the job openings rate was 1.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Fitch: France's Proposed Consumer Credit Law to Improve Best Practice

added: 11-02-2009

Fitch Ratings says that the French government's new Consumer Law project should enhance and reinforce professional best practices in credit lending. It also notes that among the preliminary recommendations from Athling Management's report prepared for the French Ministry of the Economy and Finance, the proposal to establish a credit database as part of the project is a first step towards addressing household indebtedness. The draft of the new legislation is expected to be announced in March 2009.

30-Year Mortgage Rates Highest Since the First Week of December 2008

added: 11-02-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages rose last week to 5.44 percent, up from 5.25 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

eCommerce Companies in Need of IT Sustainability and Efficiency Improvements, but Failing to Take Action

added: 11-02-2009

A resounding 97 percent of IT professionals feel that it is important for their Internet and eCommerce related businesses to reduce their carbon footprint, yet little real action is underway to reduce energy consumption in the data center, according to a report. Eighty-two percent say their organizations are more sensitized to ecological considerations, but that same amount give the industry a failing grade in their progress of embracing so-called Think Eco-Logical processes and practices.

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