Cracking Finance
Your only stop for Business, Finance, Jobs and Insurance 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 …
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 …
Why you should not delete your Facebook account!
Whether or not you are a Facebook user, you probably know the main reason why Facebook has been in the news lately. Facebook, the most popular social networking site as of now, likes to makes changes on a regular basis. Recently, it altered its Privacy Policy quite a bit and …
US economy – 3.2% growth in the first quarter
Several months ago, some of the world’s most trusted and stable banks went bankrupt around the world. Most of these banks such as Lehman Brothers were located in America. Several companies and businesses such as Circuit City, Chrysler, General Motors and Samsonite also suffered from the recession. However, months later, …
Listing of bankrupt companies
Listing bankrupt companies – 2009: Ever since the recession hit US and the economy started to tumble, a lot of popular companies have filed for bankrupt. Some survived while others did not. Many popular companies hit the front page when they decided to file for bankruptcy such as General Motors, …
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 …
Microsoft and Yahoo talking about ad partnership
Last year, Yahoo and Microsoft held several negotiations which ended without any result. But it looks like that a new series of discussions have started once again. According to an anonymous person, Ms. Bartz, Yahoo’s chief executive, and Steven A. Ballmer, Microsoft’s chief executive, met last week.
Both Yahoo and Microsoft …
Financial advice at your fingertips
The tax season is currently going on in US and just like others, I requested for a tax refund from the US government as well. This was the first time I was doing this so I had no idea who to ask for help. After struggling for days and asking …
Bank Accounts – Find the right one!
Today, we came across a very useful and informative finance site called Bro Money. The site is about bank deals and special offers that you might be interested to learn about. Bro Money offers its viewers lots of information about different types of bank accounts such as savings and checking …
FedEx reduces operating costs through layoffs
1000 Employees have been laid off by FedEx Corp. in order to meet job cuts. The announcement was made by the package delivery company after a drop of 75% in the earnings. On Friday, the company informed that out of the laid off workers, half of them will be employed …
Chrysler seeks more financial aid from government
With the economy in such turmoil, everyone is asking government for help and another addition to this list is Chrysler LLC. With the firm urging its dealers to ask the Treasury Secretary to give more aid to the company, it is evident that Chrysler LLC needs government’s support to function. …
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 …
AIG recieves $170 Million as taxpayer bailout!
With $170 billion received by AIG as taxpayer bailout money, the company has decided to pay around $ 165 million as bonuses to executives in the same business unit. As the news regarding the bonuses spread last week, Timothy F Geithner who is the Secretary of Treasury stated that the …
Google executive Tim Armstrong moves to AOL
Tim Armstrong, the executive of Google is soon going to adopt a new role of AOL’s chief executive. This has fueled the rumors regarding the separation of AOL from the parent Time Warner Inc. The idea of an independent AOL has been supported by Google also for some time now.
Google …
Wells Fargo Bank Cuts Its Dividend By 85%
On March 6, 2009, Wells Fargo bank announced that it would slash 85% of its dividend which would reduce the price to a nickel per share. According to Wells Fargo, this move will save them approximately $5 billion per year. Wells Fargo is a San Francisco-based bank which took over …
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