Annual house prices in England and Wales fell by 12.2 per cent in November, according to the latest figures from Land Registry. The average house price is now £161,883 representing a monthly decrease of 1.9 per cent.
Seeing an opportunity to offset slowing online sales at home, some US online retailers have targeted the Canadian e-commerce market. One approach is to launch a Canadian Website. Another is to allow cross-border purchases. Either way, several retailers executed in time for the holiday season.
The latest victim of the economic recession could be your health. According to a recent AARP survey, one in five adults ages 45 and older are suffering health problems due to financial stress. The survey details the health care problems and challenges many Americans are facing because of the current economic situation.
A new study from international research firm Parks Associates finds consumer demand for networking features will drive the next wave of consumer electronics purchasing, particularly for imaging and mobile devices such as digital cameras, photo frames, and mobile phones.
CareerBuilder.com released the results of its latest survey, conducted by Harris Interactive(R), tracking projected hiring trends for 2009. The survey, titled "2009 Job Forecast," was conducted from November 12 through December 1, 2008 among 3,259 hiring managers and human resource professionals in private sector companies.
The annual rate of growth of M3 decreased to 7.8% in November 2008, from 8.7% in October 2008. The three-month average of the annual growth rates of M3 over the period September 2008 - November 2008 decreased to 8.4%, from 8.7% in the period August 2008 - October 2008.
The latest Bloomberg Euro-Zone Retail Purchasing Managers' Index, based on a mid-month survey of economic conditions in the euro area retail sector, signaled a further sharp drop in sales in the important trading month of December. Margins fell at a record rate. Retailers' expectations of meeting sales targets next month collapsed to a new low. Meanwhile, wholesale price pressures eased to a three-year low.
Multinational Monitor magazine has released its annual list of the 10 worst corporations of the year. The companies on the list are: AIG, Cargill, Chevron, Constellation Energy, CNPC, Dole, General Electric, Imperial Sugar, Philip Morris International and Roche.
Mortgage rates increased slightly last week for the first time since early November. The weekly average rates for 30-year fixed mortgages increased to 5.07 percent, up from 4.96 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R).
The most critical task for the Obama administration, according to members of the Turnaround Management Association responding to an annual forecast poll, is to take steps that will overcome consumer fear and credit paralysis.