The Effects of Recession on the Claims Market

Published on Feb 14 2013 // Financial News
The recession has had some obvious effects on businesses and individuals alike   less cash flow in general, plus the lack of access to credit, means purchasing power has been somewhat depleted. While there have been some positive signs of change in the last few years, the economy has been slow to rejuvenate,...

Greek’s Latest Fix—A Step Towards Stabilizing the Euro For Now

Published on Dec 03 2012 // Market News
A Greek deal is finally done… for now.  It was between reducing the debt to 120% of GDP by 2020, or 110% by 2022 but with more debt relief and haircut on Greek paper. They agreed on 124% by 2020. The €34.4 billion in aid owed from June would likely be disbursed on 13 December pending approval by...

Lending improves in the first quarter of the year

Published on Apr 28 2012 // Financial News
Industry body for mortgages finds refreshing results New statistics from the Council of Mortgage Lenders shows that the mortgage market is bouncing back compared to 2011. The trade association for mortgages in the UK found that the gross mortgage lending last month was £10.2bn, which was an increase...

Concern over earnings hits consumer spirit

Published on Mar 26 2012 // Financial News
University of Michigan /The Thomson Reuters overall index of consumer sentiment reflected households’ anxiety over their finances. It fell to 72.5 in early February, from 75.0 in January. It was the first drop in six months. The fade in morale comes in the face of the recent run of comparatively...

Questions on the 2012 JOBS bill to ease capital raising

Published on Mar 17 2012 // Financial News
Last week, The House of Representatives approved the JOBS Act to allow smaller companies to raise capital more easily and offer public stock offerings by relaxing filing requirements. But U.S. Securities and Exchange Commissioner Luis Aguilar echoed concerns of some Senate Democrats and SEC Chairman...

US President’s approval rating up to 50 percent: Poll

Published on Mar 14 2012 // Financial News
The Reuters/Ipsos telephone poll , taken March 8-11 on the heels of reports that 227,000 jobs were added to the U.S. economy in February, indicates that Obama’s rating has risen by 2 percentage points during the past month. The percentage of Americans who disapprove of the Democratic president...

Help of $ 25 billion for U.S. homeowners

Published on Feb 10 2012 // Financial News
Five U.S banks agreed to a $ 25 billion  government settlement. This deal between the government and the banks accused of abusive mortgage practice may help a million borrowers. The result is a record state-federal settlement that will deliver wide, but not deep, relief to U.S. homeowners. This deal...

3.4 million jobs were available in December

Published on Feb 08 2012 // Financial News
According to Labor Department’s Job Openings and Labor Turnover Survey, there were 3.4 million available jobs at the end of December, up from 3.1 million in November. The number of jobs open in November was revised slightly downward from an initially reported 3.2 million. Monthly job openings –...

Whiplash Claims causing Economic Disarray?

Published on Feb 02 2012 // Financial News
The Association of British Insurers (ABI) has criticised the role of solicitors in fraudulent whiplash claims at the annual Motor Accident Solicitors Society (MAAS) conference. According to James Dalton, the assistant director of motor and liability at ABI, a fraudulent whiplash injury claim is sometimes...

Oil Prices Drop

Published on Dec 15 2011 // Market News
On Wednesday Reuters reported that oil fell more than 4 percent.  This indicates the biggest drop in over two months. In London, ICE Brent crude for January delivery settled at $105.02 a barrel. This price is $4.48 (or 4.09 percent ) less than it was in the beginning of October. NYMEX January crude...

European Summit: High Hopes and Possible Downgrades

Published on Dec 08 2011 // Market News
European nations are supposed to vote this Friday on an agreement that was worked out between Germany and France. The agreement hopefully will tighten fiscal controls for Euro zone countries. Hopes that the Euro zone will figure out long-lasting solutions to its sovereign crisis prevailed on Wednesday,...

Unemployment Rate Goes Down. Stocks End Flat.

Published on Dec 05 2011 // Market News
The U.S. jobless rate dropped to a 2.5 year low at 8.6 percent. This drop in unemployment supported the view that the U.S. economy most likely will avoid another recession. Some analysts said that the drop in the unemployment rate might be evidence that the recovery is, finally, gaining momentum. The...

American Airlines Files For Bankruptcy

Published on Dec 01 2011 // Financial News
One of the biggest U.S. carriers, American Airlines, and its parent AMR Corp, filed for bankruptcy protection (Chapter 11) on Tuesday. The airline claimed that this declaration was necessary in order to cut labor costs in the face of high fuel prices and dampened travel demand. AMR what seems to be for...

Decline of Groupon Shares: Predictable or Unforeseen?

Published on Nov 24 2011 // Market News
Groupon made its initial public offering earlier this month quite successfully: investors could not get enough if its stock. Groupon shares were so popular that its stock surged as much as 50 percent in its very first day of trade. This Wednesday, however, Groupon’s stock slipped. Now its price is...

Will U.S. Debt Committee Reach a Deal?

Published on Nov 21 2011 // Financial News
On Sunday, the U.S. Debt Committee members blamed each other for the gridlock that undermined the committee’s attempts to cut the deficit by at least $1.2 trillion over the next ten years. The committee that was created last summer during the battle over the debt ceiling consists of six Republicans...

Factors That Might Influence the U.S. Markets This Week

Published on Nov 14 2011 // Financial News, Market News
 The U.S. markets might be influenced (again) by European turmoil. Borrowing rates are going up, the solvency of European banks are going down as the sovereign crisis deepens in Europe. On Saturday, the big news was the resignation of Silvio Berlusconi, the Italian Prime Minister. Following his resignation,...
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