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One-Third of Americans Believe Their Household’s Financial Condition will be Worse

added: 03-12-2008

While the outgoing and incoming presidential administrations try to hammer out various economic deals and stimulus packages, Americans are suffering through some very bad economic times.

Fitch: U.S. Consumer Products Sector To Face Challenges in 2009

added: 02-12-2008

In a recently published report, Fitch Ratings says with the world economy entering into a severe recession, consumer product companies, particularly those in the appliances, home, hardware and tools sector, will suffer in the coming year. Fitch expects margins and free cash flow to continue trending downward in 2009, exacerbated by a weakening global economy. Those companies dependent on discretionary spending will continue experiencing profit and cash flow deterioration. Given these dynamics, Fitch expects industry participants to be focused on operations and liquidity.

40% of New Yorkers Fear for Jobs, 80% Have Cut Spending

added: 02-12-2008

40% of New York City residents fear for their jobs, while 80% have already cut back on spending, according to a new poll released by Crain's New York Business.

Latin America Grows in Popularity as Trade Partner as Opportunities in Traditional Markets Shrink

added: 02-12-2008

According to a 2008 survey by the Economist Intelligence Unit, undertaken on behalf of Atradius, the global credit insurer, the countries of Latin America continue to be attractive markets for businesses looking for opportunities to expand their sales, as their traditional markets are becoming increasingly crowded.

More Americans Likely to Purchase Products Made of Recycled Materials, According to Frost & Sullivan

added: 02-12-2008

More Americans report their household recycles (80%). Of these recycling Americans, nearly half are motivated by their desire to help preserve the environment, followed by the belief in conserving resources and an individual, ethical responsibility.

Modest Gain in Restaurant Performance Index, Though Restaurant Industry Activity Remains Sluggish

added: 02-12-2008

While the Restaurant Performance Index (RPI) posted a slight gain, the outlook for the restaurant industry remained dampened in October, as the National Restaurant Association's comprehensive index of restaurant activity stood below 100 for the 12th consecutive month. The RPI - a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry - stood at 97.1 in October, up 0.4 percent from September's record low of 96.7.

Morpace Reports: Confidence in Banks Slides

added: 02-12-2008

Consumer confidence in banks continued to slip over the past two months amidst highly publicized financial concerns and uncertainty, according to a new Morpace Omnibus Study.

Hedging Programs Save Insurers $40 Billion During Economic Crisis

added: 02-12-2008

Milliman, Inc. released an analysis of hedging program performance during the current capital markets crisis. Milliman's internal study shows that during the volatile months of September and October, the hedging programs developed to protect variable annuities (VAs) with guarantees were 93% effective.

Holiday Shoppers Look to Rent-to-Own for Savings This Season

added: 01-12-2008

In this financially uncertain holiday season when many pundits are pondering what will keep the economy rolling, rent-to-own may provide the answer. If a family needs a computer, furniture, appliances or electronics, but is unsure of its financial future, the flexible, no-debt rent-to-own transaction is the way to go to fulfill such needs.

Black Friday Sees $534 Million in E-Commerce Spending, Up 1 Percent Versus Year Ago

added: 01-12-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 28 days of the November - December 2008 holiday season. For the holiday season-to-date, $10.41 billion has been spent online, marking a 4-percent decline versus the corresponding days last year, while Black Friday saw $534 million in online spending, up 1 percent. For the combination of Thanksgiving Day and Black Friday, online sales were up 2 percent relative to last year.

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