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 …
IBM buys Unica for $480 million
It has been revealed that IBM, International Business Machines, will be buying Unica, a software company, for approximately $480 million. It is speculated that this acquisition will allow IBM to obtain technology that will allow customers to construct their own marketing campaigns.
Earlier this year, IBM’s CEO, Sam Palmisano, said that …
US banks continue to fail as seven more banks collapse
Did you think that we were completely out of recession? If you did, then don’t get your hopes too high because seven US banks has just collapsed. They have been taken by US regulators. These failures have raised the numbers of banks failed this year to over 100! The news …
Motorbike and motorcycle insurance – important factors to consider
Motorbike insurance – You hear a lot about car insurance but not that much about motorcycle insurance. Maybe it has to do with cars being more expensive and more popular. But there are several motorbike users in this world who are looking to get insurance for their motorbikes.
If you have …
“Misleading” credit union ads: Banks want action
Television ads funded by credit unions have been going around on air claiming that borrowers can save $35,000 just be switching their mortgage to a credit union. A number of banks, which find this controversial and ‘misleading’ have called upon the corporate regulator to take action against …
Euro fall triggers Rupee fall
Indian rupee on Tuesday saw a tragic fall as it suffered its highest fall in last 18 months on a single day due to a decrease in local shares. Euro also hit its four year low against dollar as the fear of debt crisis in Europe reaching Europe’s banking system …
usairways – a valuable candidate for mergers
usairways
Recently, as you may remember, Continental Airlines’ CEO Jeff Smisek called US Airways an “ugly girl” after it refused to accept Continental Airlines’ proposal to merge together.
However, US Airways has been doing really well these days. Its shares rose 8.2% and closed on $8.45 last Wednesday. According to analysts, at …
Pakistan banned Facebook for a group about drawing Prophet Muhammad
Facebook is still in tension over protests against its new privacy policy and now a new issue has come up and this time it involves religion!
Pakistan, a Muslim country, has blocked parts of Facebook which offend Islam. This entire issue started when a Facebook user created a page titled “Draw …
Bad Credit Mortgage Refinance Solutions
Bad credit mortgage refinance solutions have provided much needed liquidity to the debtors on the go. A bad credit mortgage refinance solution ideally aims at protecting the debtor from bad credit scores or enabling him or her to secure their properties if they are under clouds of property foreclosure. Unpaid …
Press Release: Panama Law
PanamaLaw.org is a licensed Guatemala law firm specializing in Asset Protection, including Offshore Bank Accounts in Panama, Hong Kong, Belize, Saint Vincent Grenadines, Nevis Saint Kitts, and Guatemala. Panamalaw.org also provides Second Citizenships, Residencies and Passports. PanamaLaw.org offers financial privacy and security through and asset protection from any situation including …
Google in trouble over privacy concerns
As you probably already know, Facebook has been in the news lately over privacy issues. The new changes to the privacy policy have stirred several protests.
Now it’s Google’s turn. As you know, Google offers a service called Street View which provides street pictures around the world on Google Maps. Google’s …
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