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 …
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 …
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 …
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 …
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 …
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. …
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 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 …
Home prices are still falling. A new report on home prices, that just came out this week, indicates that the more those prices fall, the more American home owners fall into negative equity. It means that those home owners are …
We live in a world where bad deeds often go unpunished. However, in the MasterCard Universe (Visa, Discover and American Express, too), cardholders deemed guilty of irresponsible repayment behavior by their card issuer are penalized – usually heavily – by …
