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Fitch: U.S. Energy Firms Have Sufficient Access to Bank Lines Amid Credit Crunch

added: 28-07-2008

Fitch Ratings does not believe that the failure on the part of selective issuers in the energy sector to roll over full commitments on their existing bank revolvers presents a near-term liquidity issue, according to a new report. Curtailed commitments have generally been small and many bank lines have five-year terms.

Occupational Pay Relatives Among Metropolitan Areas in 2007

added: 28-07-2008

Average pay in the San Jose-San Francisco-Oakland, CA metropolitan area was 19 percent above the national average in 2007, the highest among metropolitan areas studied by the National Compensation Survey (NCS), the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Rising Energy Costs Disproportionately Impacting Minority Households

added: 28-07-2008

Since 2001, energy costs for the average U.S. household have more than doubled, and sharply escalating gasoline prices are straining the budgets of lower- and middle-class minority families. Those are the findings of a new study released by the American Coalition for Clean Coal Electricity.

Mergers: Commission Approves Proposed Acquisition of EDS by Hewlett-Packard

added: 28-07-2008

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of EDS by Hewlett-Packard, both US-based companies active in the IT services sector. The Commission concluded that the concentration would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

Retail Shoppers Hit the Web First

added: 28-07-2008

While some consumers in the US are shopping online to avoid driving, even those visiting stores in person are hitting the Web first. Eight out of 10 respondents who had recently made consumer electronics purchases in a brick-and-mortar store said they had visited the store's Website first, according to a May 2008 Nielsen Online survey.

China's New-Vehicle Market Shows Signs of Slowing after Several Years of Rapid Growth

added: 28-07-2008

J.D. Power and Associates has reduced its forecast for passenger vehicle demand in China. The downward revision to 5.95 million units for 2008 marks a 4 percent decrease from the 6.2 million units forecasted at the beginning of the year.

UK Online Sales Surge

added: 27-07-2008

High gas prices, good deals or just a sign of the changing times? Whatever the reason, according to IMRG Capgemini, during the first six months of 2008 UK shoppers spent £26.5 billion online—a 38% increase over the first half of 2007.

Almost Two Thirds Of EU Television Time Is "Made in Europe"

added: 27-07-2008

More than 63% of Europe's television broadcasters' programming time is devoted to European works and over 36% to works by independent European producers. These new figures come from the European Commission's eighth report on effectiveness of EU rules on the promotion of European works, which covers the period 2005-2006.

Global Growth Rate of Flights Continues to Slow

added: 27-07-2008

The world's airlines are scheduled to operate just 1% more flights for July 2008 compared with the same month last year. According to the latest statistics from OAG (Official Airline Guide), the world's authority on flight information, this represents an additional 34,800 flights. Capacity for July is up by 3% year on year.

Gas Prices Boost E-Commerce

added: 26-07-2008

Depending on your perspective, online sales are up either despite or because of the economic slowdown. With gas prices continuing to climb, a growing number of shoppers are deciding to skip car trips to the mall in favor of online merchants.

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