|
|
Announcements |
 | |
| ROHERA Business Network International
Thursday, April 26, 2007Romanian Heritage Assn. - ROHERA Business Network is made up of businesspeople and professionals of Romanian background or anyone who supports Romanian economic activity. There is no charge to register your Contact Info online to stay informed about business get-togethers, to post your specialty on this website, and promote Romanian economic activity. Join ROHERA for $50 a family or $25 a person & you can post your enhanced business entry (logo and full-profile). 2007 is the year of Romania's integration into the EU & the World - let's join hands and move forward together - Hai sa dam mana cu mana!
|
|
|
|
|
|
Market Commentary |
| |
|
How Merrill trampled the little guys
The financial giant found itself in a bind, so its CEO pulled a stunt, and the company's core customers got hosed. But there is something they can do to fight back.
The Olympics: Let's root for China
A strong showing by the home team in this summer's games would be good for everyone. Here's why China's gold-medal haul could affect the global economy.
5 big winners in the banking crisis
It's clear these financial companies will pick up the pieces of their troubled competitors. The question is how much market share they'll walk away with.
5 big losers in the banking crisis
These financial companies have suffered serious, long-term damage to their businesses. They may not be going under, but their futures look grim.
|
|
|
|
|
Finance Tips |
| |
|
US indicts 11 in credit card scheme
A federal grand jury has indicted men in 5 countries for allegedly hacking into computers of 9 retailers and stealing more than 41 million credit and debit card numbers.
Is retiring early unpatriotic?
By staying on the job longer, boomers could help spur the economy and ease America's worker shortages, the Social Security mess and the national debt.
Find a great price on car insurance
Even if your driving record is bad or truly ugly, there's almost surely a policy to cover you. Do your homework, and you're bound to find the best deal.
Take a summer vacation from taxes
Initially intended as back-to-school incentives, the temporary suspensions of state sales taxes are expanding to more places and products and being extended.
Your 5-minute guide to retirement savings
Your nest egg takes a little nurturing, but the planning is easier than ever before. Let these 22 tips help you.
10 hot dates in a bad economy
Hard times don't have to leave you stuck on the couch. Use these thrifty tips to get out for a night (or day) on the town.
Can 'credit docs' cure bad scores?
The credit repair industry is exploding as tighter lending rules prompt many consumers to seek ways to push up their ratings. But beware: Unscrupulous practices are common.
Will the homeowner rescue help you?
There's relief on the way, but don't expect a free ride. Though you might keep your house, you'll pay one way or another.
Decline my debit card, please
A $30 overdraft on a $2 bottle of water? No wonder banks don't reject purchases when you haven't got enough in your account. Turns out most of us don't want this 'courtesy.'
A free way to check out used cars
Insurers offer buyers a new resource for uncovering vehicles' hidden histories of theft or damage. It's a great start, but nothing replaces a good inspection.
Denied a health claim? Now what?
Don't take it lying down. With laws spelling out your rights, and with standard appeals processes in place, you stand a chance of fighting back and winning.
|
|
|
| |
|
|
Economy News |
| |
|
Many Discounters Make Gains
Discounters continued to lead the way in July sales. Wal-Mart's same-store sales, excluding fuel, rose 3%. Costco rose by 6%, excluding fuel. But Target was down 1.2%. Some retailers fell short of expectations as stimulus-check spending tapered off.
ECB, BOE Keep Rates Steady
The ECB and Bank of England left their key interest rates on hold, standing pat amid growing economic concerns and persistent fears about the impact of rising food and fuel prices on long-term inflation expectations.
Mortgage Failure Rate Rises
Mortgages issued in the first half of 2007 are going bad at a pace that far outstrips 2006, an analysis shows.
German New Orders Fall
Germany's manufacturing sector continued to show weakness as new export orders fell 5.1% in June.
IMF Cuts U.K. Economic Outlook
The IMF cut its forecast for U.K. economic growth this year to 1.4%, down from last month's 1.8% estimate.
South Korea Raises Key Interest Rate
Korea raised rates a quarter point, suggesting it thinks rising inflation is a bigger problem than slowing growth.
Fed Leaves Rates Unchanged
The Fed held rates steady and suggested it continues to balance the risks of rising prices and slower growth. (Statement)
Consumer Spending Rose in June
Consumer spending jumped in June, boosted by the tax rebates provided by the economic stimulus package. Personal income edged higher. The PCE price index climbed 4.1% from a year earlier. Separately, factory orders climbed more than expected.
Treasury Hires Morgan Stanley
The Treasury Department hired Morgan Stanley to provide "market analysis and financial expertise" in connection with its rescue plan for Fannie Mae and Freddie Mac.
No Change Seen for European Rates
The ECB and Bank of England are almost certain to leave interest rates on hold when they conclude their policy meetings, amid further signs that the euro-zone and British economies are slowing.
Service Sector Contracts
U.S. service-sector activity continued to contract in July, though at a slower rate than the month before, the Institute for Supply Management said Tuesday.
Central Bank in Australia Eases Stance
The Reserve Bank of Australia held steady its target for the overnight cash rate at 7.25%, but indicated it could cut interest rates soon as the economy slows.
Raise Retirement Age Now, Actuaries Say
Actuaries are urging policy makers to raise the retirement age as the first step to shoring up Social Security and keeping younger workers from bearing the brunt of painful tax increases.
Fukuda Wants Measures to Aid Economy
Japanese Prime Minister Fukuda ordered his economic and finance ministers to assemble measures to shore up he country's economy, days after naming them to the posts.
Euro-Zone Producer Prices Climb
Euro-zone producer prices hit a fresh high in June, giving the ECB more to consider at its meeting this week.
China Eases Bank-Lending Curbs
Chinese authorities increased the maximum amount banks can lend this year by 5%, in a move to relax credit curbs that have hit small businesses particularly hard.
|
|
|
|