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Banks Charging Billions in Overdraft Fees

added: 09-12-2008

On the heels of a new FDIC study showing that banks are charging Americans billions of dollars in overdraft fees, The Center for Economic and Entrepreneurial Literacy is educating consumers about the importance of avoiding these fees. Most people do not realize that a bank overdraft fee comes at a higher interest rate and greater cost than any other imaginable loan.

Downturn in U.S. Economy Has Significant Impact on SMB Priorities and IT Spending Plans, IDC Reveals

added: 09-12-2008

The downturn in the U.S. economy is having a significant impact on small and medium business (SMB) priorities and plans for technology acquisition. The concern is real, and impact potentially profound, with variations by company size, industry, and attitude segment, according to a recent IDC survey. As a result, 38% of small firms are more likely to delay IT spending, and 42% of medium-sized businesses are more likely to reduce IT spending.

Mortgage Loan Delinquency Rates Rise for Seventh Straight Quarter

added: 09-12-2008

Mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the seventh straight quarter, hitting a national average high of 3.96 percent for the third quarter of 2008.

EC Adopts Guidance On Bank Recapitalisation In Current Financial Crisis To Boost Credit Flows To Real Economy

added: 09-12-2008

The European Commission has published detailed guidance on how Member States can recapitalise banks in the current financial crisis to ensure adequate levels of lending to the rest of the economy and stabilise financial markets whilst avoiding excessive distortions of competition, in line with EU state aid rules.

58 Percent of Union Members in the United States Oppose Big Three Bailout

added: 09-12-2008

As Congress mulls whether or not to spend anywhere from $15 to $34 billion in taxpayer money to bailout Ford, General Motors and Chrysler, a new ATI-News/Zogby poll shows a clear majority of Americans, including union employees, oppose such a bailout.

World Bank Calls for More Results in Gas Flaring Reduction

added: 09-12-2008

As the international community meets in Poland for climate change talks, a major conference on global gas flaring has ended in Amsterdam with a call to oil producing countries and companies to step up efforts in gas flaring reduction and to deliver greater results in an effort to improve energy efficiency and reduce greenhouse gas emissions that affect climate change.

Euro Area MFI Interest Rate Statistics: October 2008

added: 09-12-2008

In October 2008, most average MFI interest rates on new loans remained almost unchanged. Most of the rates on deposits from households increased, while most rates on deposits from non-financial corporations decreased.

MP3/PMP Players' Economic Operation Status in 2008 and Development Trend in 2009

added: 09-12-2008

After a few years of rapid development, currently, China's MP3 player market has entered a declining phrase, the number of brands has dropped sharply, with shrinking sales volume. After four years of cultivation, PMP player market is in development and expansion period, the number of brands is increasing, the competition in this market is heating up. CCID Consulting released its article on China's MP3/PMP market in 2008 and development trend in 2009.

Composite Leading Indicators Signal Deepening Slowdown in OECD Area and Major Non-OECD Member Economies

added: 08-12-2008

OECD composite leading indicators (CLIs) for October 2008 continue to point to a weakening outlook for all the major seven economies but compared to last month the outlook has significantly deteriorated in the major non-OECD member economies, with China, India and Russia now also facing strong slowdowns.

Holiday E-Commerce Season Sales Finally Match Last Year as Two Workdays This Past Week Each Surpass $800 Million in Online Spending

added: 08-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 35 days of the November - December 2008 holiday season. For the holiday season through December 5, $14.92 billion has been spent online, essentially the same level compared to the corresponding days last year. For the five days beginning with December 1 (Cyber Monday), the kick-off to the heaviest part of the online shopping season, sales totaled $3.74 billion, up 9 percent versus year ago.

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