Cracking Finance
Your only stop for Business, Finance, Jobs and Insurance news.
Why should we worry about US’s AAA rating downgrade?
As you might be fully aware by now, United States of America has, for the first time in history, lost it’s AAA rating. US has held this rating since 1917. Standard and Poor (S&P) reduced US’s rating from AAA to AA+. This move was made by S&P due to concerns …
Federal Reserve slashes card fees for merchants
For all you business owners with merchant accounts, there is a very good news. The Federal Reserve Board has decided to cut down the fees from 44 cents to 21 cents. The fees that I am talking about are the ones that banks and credit card companies collect for each …
AT&T about to buy T-mobile
Ladies and gentleman, we have a major acquisition taking place at the moment. AT&T, U.S. mobile service, has managed to strike a deal with Deutsche Telekom AG’s T-Mobile worth $39 billion.
This is so far the biggest deal this year and has already gained a lot of attention for numerous reasons. …
How to prepare yourself for another recession
While the worst part of the recession may have passed, the truth is that the American economy is still in deep trouble. Thousands lost their jobs, houses, cars and are still struggling to recover financially and economically. However, I wonder how many of them truly learned a lesson. For many, …
Ernst & Young blamed for hiding Lehman Bros. ill condition
As we know, the recession in United States of America was mainly triggered when one of the most prestigious investment bank, Lehman Brothers, went bankrupt. So far the government has not been able to clearly blame someone for this.
Recently, Attorney General Andrew Cuomo has accused Ernst & Young, a reputed …
Small Business Survival: Going Online
The small business sector is extremely competitive and anything you can do to add presence is a great way to boost sales and expand your customer base. If you an entrepreneur and want to transform your business, increase your profit margin and introduce your goods or services to markets beyond …
RIM gets a new CEO
2011 was not a very good year for Research In Motion Ltd. (RIM). In fact, it may just have been one of its worst years. As competition in the mobile industry grew with Apple still ahead with its iPhone and Google riding on the success of Android, RIM did nothing …
Payday Loans Companies Set to Rise With Economic Ups and Downs
Is it possible for an industry to be both cyclical and counter-cyclical? Companies offering online payday loans might just emerge from the recession just as strong, possibly stronger, than they fared in the downturn.
The popular perception of payday loans companies is they do well when factors …
Groupon goes public, sees 40% increase
The week that just passed finally saw Groupon go public after some intense build up. The coupon company that is now valued at $12.1 billion (insane, right?) saw its stocks jump in value on the very first day.
The shares jumped over 40% to $28.30. While it may seem surprising to …
Useful tips for small business owners
In order for business to succeed and stand out in this economy, it has to be innovative. Luckily, this is something that small businesses excel at. This article is intended for small businesses that are searching for ways to grow their businesses.
Efficiency is the key to successfully growing your business. …
Why should we worry about US’s AAA rating downgrade?
As you might be fully aware by now, United States of America has, for the first time in history, lost it’s AAA rating. US has held this rating since 1917. Standard and Poor (S&P) reduced US’s rating from AAA to AA+. This move was made by S&P due to concerns …
Federal Reserve slashes card fees for merchants
For all you business owners with merchant accounts, there is a very good news. The Federal Reserve Board has decided to cut down the fees from 44 cents to 21 cents. The fees that I am talking about are the ones that banks and credit card companies collect for each …
Groupon goes public
Groupon, a fairly new company which provides users with coupons, has decided to go public by filing for IPO. It went public on Thursday and is hoping to raise up to $750 million.
Groupon is no ordinary coupon website. It generated $644.7 million in revenue in the first quarter of 2011 …
Investments left you in debt? Consider an IVA
One option for people struggling with unaffordable unsecured debts may be an IVA (Individual Voluntary Arrangement). This is a formal, legally binding debt solution designed to help you repay as much of your unsecured debt as possible, before the rest is written off.
This may sound like an ideal way out …
Hackers may have stolen PlayStation Network users’ personal information
As you may know by now, Sony’s PlayStation Network recently suffered from a hacker attack on April 17 and April 19. The PlayStation Network provides online access to features such as games, movies, TV shows etc to its users.
Today, Sony Corp. said that sensitive information belonging to its users may …
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