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Online Banking During a Financial Crisis

added: 08-12-2008

Consumers have flocked to the Internet for advice on how to cope with the global financial crisis, according to comScore World Metrix. The research company said visits to financial news and research sites grew 10% to 8.8 million visitors in September, during the height of the financial crisis, from the previous month.

Spherion Employee Confidence Index Suggests U.S. Workers Slightly More Optimistic in November 2008

added: 08-12-2008

The Spherion Employee Confidence Index increased 0.5 points to 42.0 in November. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that slightly more workers expressed confidence in the future of their current employer and in their ability to find a new job. More workers are also likely to look for a new job in the next year, with 35 percent reporting a likelihood of doing so compared to 31 percent in October.

MBA Report Shows Crisis Deepens as Efforts to Stop Foreclosures Fail

added: 08-12-2008

We learn from the Mortgage Bankers Association (MBA) that at least one out of every 10 homeowners is behind on their mortgage or already facing foreclosure, a fact that underscores what we already know is the gloomiest housing picture in the United States in decades, possibly ever.

Experts Examine Ways to Help Hedge Fund Industry Grow

added: 08-12-2008

Global offshore law firm Walkers brought together top financial industry leaders and more than 200 attendees in New York to discuss the volatile hedge fund market and provide insights on distressed funds.

US Employment Situation in November 2008

added: 08-12-2008

Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5 to 6.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported. November's drop in payroll employment followed declines of 403,000 in September and 320,000 in October, as revised. Job losses were large and widespread across the major industry sectors in November.

India Joins The Rate Cut Procession

added: 08-12-2008

India has joined China, Australia, the UK, Europe and other major economies in stepping up the pace of interest rate cuts to try and ease the pain of the economic slowdown. But like China and Australia, India's economic growth remains positive, but is slowing.

Major Retailers Experience 161% Increase in Attempted Hacker Attacks

added: 08-12-2008

SecureWorks(R)reports they have seen a 161% increase in the number of attempted hacker attacks they are blocking for their retail clients. Attempted attacks increased from an average of 56,000 per client per month in the first six months of the year to 133,000 per client per month for the last five months.

Companies Step Up Workforce Planning Activity in Response to Economic Slowdown

added: 08-12-2008

As companies begin to feel the effects of the economic downturn, they are ramping up their workforce planning activities, according to a survey by Watson Wyatt Worldwide, a global consulting firm.

SMS Still "King" as Worldwide Messaging Revenues set to Exceed USD 224 Billion by 2013

added: 08-12-2008

A new report from Portio Research focused on mobile messaging suggests that SMS will continue to be the cash cow of mobile data revenues for some time to come. Traffic volumes and revenues continue to confound predictions and are expected to keep growing throughout the global economic downturn. Indeed the whole mobile messaging industry worth USD 130 billion in 2008 is predicted to be worth USD 224 billion by 2013, 60 percent of non-voice service revenues.

Deloitte: One-Third of Companies Still Have No Policy on Legal Holds for Discovery

added: 08-12-2008

One-third (30 percent) of attorneys and executives polled by Deloitte said their companies have no formal policies and procedures in place regarding legal holds, the process by which companies preserve evidence subject to discovery for lawsuits and other legal and regulatory matters.

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