Archive for December, 2008

PNC completesacquisition

PNC Financial Services Group Inc. announced Wednesday that it completed its acquisition of National City Corp. (5 mins ago)

Consumer confidence drops to all-time low

NEW YORK – Consumer confidence hit an all-time low in December, dropping further in the face of rising layoffs, in yet another sign that consumer spending is unlikely to pull the U.S. out of a yearlong recession any time soon. (8 mins ago)

Loan rangers should hold their horses

Just two months ago, fixed home loan rates went to up to 14 per cent the same rate HDFC was charging a decade ago in 1998, when there were only fixed rates. (20 mins ago)

Experts expect ’09 resolutions will zero in on money

EL PASO – In between sorting through your bills from the holiday season, watching the Sun Bowl and celebrating the arrival of the new year, you might want to take a moment to make a few resolutions to improve your financial picture in 2009, experts say. (33 mins ago)

HOUSING: No recovery imminent in local foreclosure clusters

OCEANSIDE —- This is supposed to be where the housing recovery is happening. (3 hours ago)

Year-end planning gets complex for businesses

One of the most important tasks for small business owners is a year-end checkup of their companies? financial health. It’s even more critical now as the economic downturn persists. (1 hour ago)

New regulations draw criticism from businesses

Last year, more than 600,000 Massachusetts residents had personal information compromised or stolen in data breaches, according to a report by the state Office of Consumer Affairs and Business Regulations.?As a result, Massachusetts is taking sweeping steps, becoming the first state to require businesses to guard their customers’ identity information. (7 mins ago)

Good deals to be had

Shoppers saw prices cut close to the bone in the past four weeks, but that was just a prelude to the really big sales starting Friday. There will be reductions of up to 60% – and sometimes more – on items such as shoes, accessories, cutlery, clothing and furniture. (41 mins ago)

Retailers catch on to the buying power of immigrants

With sales wilting, big-box stores are starting to cater to shoppers who speak languages other English. Delfino Turan remembers his first trip to a Best Buy store, but not very fondly. (51 mins ago)

Commercial Real Estate Industry Seeks U.s. Aid

Some of the country’s biggest commercial real estate players are asking the government for help, as their $6 trillion industry of hotels, office buildings and shopping malls faces a record amount of debt coming due in the next few years. (8 mins ago)