You Are Here: Home » Finance
Motor Insurance Premiums Fall for Young Drivers
Young British drivers will now be able to get on the road for less. According to the AA’s British Insurance Premium Index it now costs motor insurance for a young driver (between the age of 17 and 21) fell by 5.6 per cent last quarter in the UK. This...
Strategic Petroleum Reserve Rolled Out to 15 Companies
According to an e-mailed statement, the Department of Energy has given fifteen companies a total of 28 contracts for the acquisition of the US Strategic Petroleum Reserve’s 30.64 million barrels of oil. The government also expressed that the department...
Elpida Scuffles for $992 Million Worth of New Shares
One of the top 3 makers of DRAM (dynamic random-access memory) in the world, Elpida Memory Inc. is planning to have 80 billion yen or $992 million converted through subjecting new convertible bonds and shares. According to sources, the board of the...
Natural Gas Pipeline Project in the Works in Maine
There is a tentative outline concerning tax breaks in helping finance a natural gas pipeline amounting between $70 and $80 million which will be constructed in several Maine central towns. The company behind this project proposal is Kennebec Valley Gas...
Wings Across America Associates with GE Capital
Recently, GE Capital’s Franchise Finance has completed a transaction with a Buffalo Wild Wings franchisee, Wings Across America with an amount of $13.9 million. The funding was provided through GE Capital Finance Inc., an affiliate of GE Capital’s...
J.P. Morgan and Bank of America Toils with Lower Stock Prices
Financial stocks which included J.P. Morgan Chase & Co. and Bank of America Corp. have closed down following the junk credit rating of Portugal by Moody’s and the raised interest rates of China. Peter Cardillo, the chief market economist of Avalon...
Wall Street Forecasted Down Trend on 2nd Quarter in Effect
Wall Street’s shareholders and leading investment banks have been on a down trend during the second quarter due to regulatory worries, slow economic growth and wary trading clients. Analysts forecasted the second quarter to have downgrades especially...
MasterCard and Visa Revives DataCell Payments
DataCell, the payment provider of WikiLeaks, is again competent of accepting payments through credit cards after MasterCard Inc. and Visa Europe Ltd. have blocked donations to its website seven months ago. Additionally, DataCell claimed that an alternative...
Fed Lending Program’s Biggest Loan Availed by Goldman Sachs
The biggest single loan from a lending program set up by Federal Reserve was taken by a Goldman Sachs unit. However, the details of the loan have not been revealed. According to the records released by the Fed, the unit of Goldman Sachs loaned last December...