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Credit Crisis Litigation Doubles in 2008

added: 12-03-2009

In a new report, Navigant Consulting, Inc. found that beyond the billions in writedowns, the credit crisis produced a jaw-dropping 576 new litigation matters filed in U.S. federal courts in 2008.

Deloitte Consumer Spending Index Continues Upward in February 2009

added: 12-03-2009

The Deloitte Consumer Spending Index rose in February, once again driven by strong growth in real wages and a decline in energy prices. The Index attempts to track consumer cash flow as an indicator of future consumer spending.

US Regional and State Employment and Unemployment in January 2009

added: 12-03-2009

Regional and state unemployment rates were nearly all higher in January. Forty-nine states and the District of Columbia recorded over- the-month unemployment rate increases, while all states and the District of Columbia had higher rates than a year earlier, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The national unemployment rate rose from 7.2 percent in December to 7.6 percent in January and was 2.7 percentage points higher than a year earlier.

Mobile Payments Move Closer to the Mainstream

added: 12-03-2009

Recent technology improvements are lowering the cost and enhancing the performance of mobile payment systems, paving the way to more widespread adoption of mobile commerce services in both developed and emerging economies, according to the latest report from Unstrung Insider, a paid research service from Unstrung and TechWeb's Light Reading.

US Job Openings and Labor Turnover in January 2009

added: 12-03-2009

On the last business day of January, there were 3.0 million job openings in the United States, and the job openings rate was 2.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported. The job openings rate fell in January, while the hires rate (3.3 percent) and the total separations rate (3.6 percent) were essentially unchanged.

Fitch: Spiraling U.S. Credit Card Delinquencies Point to Record Defaults

added: 12-03-2009

U.S. consumers are falling further behind on their credit card bills as the economy continues to unravel, setting the stage for record default rates going forward, according to Fitch Ratings.

Greentech Remains an Attractive Sector for Venture Capital Community Despite Negative Impact of Economic Crisis

added: 11-03-2009

The venture capital community remains bullish on the greentech sector but is much less optimistic than six months ago, despite an anticipated increase in federal funding for green initiatives, according to a recent survey by the U.S. audit, tax and advisory firm KPMG LLP.

New York Survey Shows Only 27% of Small Business Owners Approve of New $787B Stimulus Bill

added: 11-03-2009

MerchantCircle released survey results compiled from 378 local business owners throughout New York. More than 75% of business owners say they have seen a "moderate" to "severe" decline in sales and revenue from the same point last year. Only 4% of business owners believe the stimulus bill proposed by the Obama administration does enough for small business owners, while 59% say the plan does not. 37% say they "don't know enough about [the plan]" to have an opinion.

30-Year Mortgage Rates Hover Around 5.25% for Third Straight Week

added: 11-03-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady for the third consecutive week at 5.28 percent, down slightly from 5.29 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

The Conference Board Employment Trends Index Shows the Fastest Decline in its 35-year History

added: 11-03-2009

The Conference Board Employment Trends Index fell sharply in February. The index now stands at 91.0, decreasing 3.2 percent from the January revised figure of 94.0, and down 21.7 percent from a year ago.

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