The department of commerce of the United States announced today that their sales decreased by 7.2% to reach 359,000 units per year. This was below what most forecasts predicted in the beginning which was 400,000 units per day. However, government statistics are always subject various substantial revision. The department...
Factory activity in the United States has increased in January after two years of experiencing serious decline. The claims for unemployment benefits have also decreased to the lowest level in five years and this gives strong and comforting signals of the American economy. Financial information presented by the firm...
The Federal Aviation Administration has announced yesterday that they are planning to conduct a detailed review of the controversial Boeing 787 plane. This review comes after several mishaps that took place during the last months including a serious fire. However, the FAA is reassuring all fliers that even though...
The new regulations that were imposed by the Consumer Financial Bureau have caused outrage among consumer groups who believe that these regulations will provide lenders protections and additional benefits more than borrowers. The new regulations, that were explained yesterday, include provisions that forbid lenders from issuing different mortgages to...
After AIG were faced with a serious backlash from the American public, they have decided not to join lawsuits over the government of the United States with other shareholders. The lawsuits mainly revolve around the government providing some of the insurance companies more than $180 billion as bailout money. This...
Bank of America has reached a settlement of $11 billion and this will bring an end to Fannie Mae’s various claims that they were improperly sold. This will also resolve other problems that both companies faced with foreclosures and mortgages. This is an important step for the Bank who is...
Google is now launching a new service for Music users. This service will enable Google users to save copies of songs they like online and this will definitely save music lovers a lot of time instead of looking for the same album or song over and over again. Google...