Cracking Finance
Your only stop for Business, Finance, Jobs and Insurance news.
Blockbuster in loss, sales and shares drop
Few months ago (March), rumors were going around about Blockbuster going bankrupt which led to a 77% drop in its shares. Blockbuster is America’s largest movie rental chain and it has been going through rough times this year. Recently, it reported a huge loss which even the analysts did not …
Debt Free Me – Useful tips to become debt free
Debt. Debt. Debt. That’s all you hear nowadays. No matter where you turn your head, you find a man or a family suffering from huge debts. Debt used to exist few decades ago too but ever since credit cards came into our lives, debt problems have skyrocketed. The power of …
Financing your new business
Starting a business is not a child’s play and we are all aware of that but still a lot of individuals set out to start their own business but due to lack of careful planning, they end up failing. Before taking any actions, one should always have a game plan. …
Investing in bonds a good option in recession
In times when money seems to be running out, we only wish that we had saved parts of our incomes before so that we could use them now. But it is never too late to take a positive action. You can always start securing your future. Things would have been …
Three more banks fail in America – raising the total to 84
Three more banks failed in America yesterday in California, Maryland and Minnesota on Saturday causing the total count of failed banks in 2009 to rise to 84. America is currently facing the worst crisis since the Great Depression.
Federal Deposit Insurance Corp. (FDIC) took control of the three banks: Affinity Bank …
I.M.F estimates loses from crisis to be $4.1 trillion
According to a recent estimation by IMF (International Monetary Fund), the banks and financial institutions face losses going up to 4.1 trillion dollars due to the current economic crisis. This information was released by IMF in its global financial stability report on Tuesday. According to the fund, the institutions will …
China worried about buying US bonds
With the recent release of data by China’s Central Bank, it is clear that China sold bonds during January and February but started purchasing in March this year. It seems that the foreign reserves of China this year have hit its slowest increase of 8 years. It has edged up …
Citigroup heads for reverse stock split
According to Citigroup Inc, it wishes to execute a reverse stock split and also wants to increase its common shares outstanding in order to have a conversion from preferred shares to common shares. In terms with its announcement last month, Citi wants to exchange around $27.5 billion, due to its …
What Happens During A Recession?
With the recession currently on in most economies around the world, it is appropriate to present information about recession. With a series of recession, we wish to explain what happens during a recession, what exactly it is, what can be its impact and how to fight it.
So, what really is …
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