According to a report from California on Thursday, foreclosure filing rate rose up to 81 percent comparing to that of 2007. A great number of American homeowners; exceeding than 2.3 million, had to face foreclosure processes. It can be worst as many were going through the process of struggling to hold back the property. Still, Read more
In an announcement, Virgin Mobile has confirmed that it will shed 10 % of its staff over the next year. The recent buyout of Helio will become the cause to lay off 10 % of the strong workforce. According to the company, acquisition of Helio and the move to an IBM-contracted IT infrastructure was the Read more
Because of new concerns that the global economy faces an extended downturn, worldwide shares have fallen sharply. In the US, Dow Jones index closed Tuesday 177 points or 2% down to 8,694 and it was mainly due to poor results overnight from Starbucks. Continuing fears over General Motors future also hit US investors confidence. Similarly, Read more
After world leaders talk to end the current financial crisis, Asian markets saw mixed results during first day trading. In morning trading, shares were up in Australian, Hong Kong, Singapore and South Korean markets, but they opened down in the main markets in Taiwan and Shanghai. Earlier this week, EU leaders announced that big bank Read more