Mortgage Rates End 11 Week Slide

Freddie Mac released the results of its Primary Mortgage Market Survey for the week ended January 22 on Thursday morning. For the first time since the week ended October 30, rates were on the increase. The 30-year fixed-rate mortgage (FRM) carried an…(read more)

MBA Mortgage Applications Move Lower in Week Ending January 16

Weekly mortgage applications in the United States fell in the week ending Jan. 16, according to data released from the Mortgage Bankers' Association (MBA) on Thursday, which reported a 9.8% week-over-week decrease in applications. In the previous…(read more)

Housing Starts Crash, Worst Outlook in Five Decades

December wasn't just a bad month for the U.S. housing market, it was the worst month seen yet in the ongoing recession. Plans for constructing new homes were already at a record low in November, and in December those plans simply crashed. Over the…(read more)

Housing Starts and Building Permits Set New Record Lows

The housing sector continued to show weakness in December with housing starts and building permits sinking to new record lows. Housing starts fell to an annualized pace of 550k, representing a month-over-month decrease of 15.5%, according to data released…(read more)

Marketing Department Priorities Often Differ From CEO’s Agenda, ANA/Booz Allen Hamilton Study Finds

A study by the Association of National Advertisers (ANA) and
Booz Allen Hamilton found the corporate marketing function
is not aligned with the CEO’s agenda, instead focusing on
tactical issues such as maintaining branding guidelines,
sharing best practices, and counseling divisions. Further, the
joint study revealed that the role of the CMO is poorly defined
at an alarming number of companies, [...]

Microsoft’s Q2 results in 5,000 layoffs

Software giant Microsoft is slashing 5,000 jobs over 18 months in its first company-wide layoffs, including 1,400 jobs today following disappointing second quarter results.

Ask.com revamps site

Search engine Ask.com has launched a new version of its site that includes increased search result relevance, a new user interface and speed enhancements.

Estée Lauder uses social media for long-time cause

Estée Lauder’s 16-year-old “Breast cancer awareness campaign,” an autumn tradition thanks to its pink ribbons, gains a major digital component this year. The campaign will have its largest online pres­ence ever this year, including social media, display ads and special content.

Mobile Media Leader 4INFO Announces $20 Million Financing Led by GE/NBC Universal’s Peacock Equity Fund, Gannett, Inc.; Joined by New Investor, Selby Ventures

Nielson Q3 2008 Report Ranks 4INFO as the Top Provider of SMS Content

Create Your Own Mobile Site With FLIPP Mobile and Your Inventory Could Be in Your Customer’s Hands… Curbside (for a Dollar a Day)

GILBERT, AZ–(Marketwire - January 21, 2009) - FLIPP Real Estate LLC, has officially launched
a new real estate sales tool called ‘FLIPP MOBILE.’ The new product allows
builders the opportunity to create a mobile web site with their own unique
URL. The builder or Agent can then showcase all of their inventory without
competing with other [...]

SourceMedia Announces the Launch of Information Management (Formerly DM Review)

NEW YORK, NY–(Marketwire - January 21, 2009) - SourceMedia today announced the launch of
Information Management, a new print publication and Web property for IT and
business managers facing the modern challenges of the Information Age.
Information Management represents a re-branding and comprehensive update of
DM Review, SourceMedia’s longstanding staple of the data management
industry. With the relaunch, [...]

CNH Reports Record Full Year 2008 Net Income

BURR RIDGE, IL–(Marketwire - January 22, 2009) - CNH Global N.V. (NYSE: CNH)

– Full year 2008 Net Income was $825 million, up $266 million or 48%
– Record Gross Margin performance in Agricultural Equipment offset
weakness in Construction Equipment.
– Full Year Operating Margin 8.6%, up 0.4 percentage points
[...]

REMINDER: Surgical Tutorial on da Vinci(R) Anterior Pelvic Exenteration

Live Moderated Webcast January 22, 2009 at 4:00 PM From the University of Pennsylvania Health System Includes Both Radical Hysterectomy and Cystectomy

Anything Trucker, a Subsidiary of Anything Brands Online, Announces Agreement With C31 Logistics as a Provider of Transportation Services

TUCSON, AZ–(Marketwire - January 22, 2009) - Anything Brands Online, Inc. (PINKSHEETS: ANYT)
announced today that its Anything Trucker Division
(www.anythingtrucker.com) has its completed a Cross-Marketing Agreement,
with C3I Logistics, LLC a Minnesota Company. C3I Logistics is also an agent
of Landstar Systems Inc. providing truckload and other transportation
services thru its mid-western facilities. Working together, with Landstar
and its [...]

Charter Oak Bank Reports Another Positive Year

NAPA, CA–(Marketwire - January 21, 2009) - Charter Oak Bank (OTCBB: CHOB), headquartered in
Napa, California, reported net income before-tax for the year 2008 of
$87,000. That was an increase of $41,000 from 2007. After an adjustment of
$1,086,000 for the elimination of deferred tax asset valuation, the Bank’s
2008 net income after-tax was $1,174,000. Due to an [...]

TSX Venture Exchange Closing Summary for January 21, 2009

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 21, 2009) -
The following report is available on tsx.com at the following web page:
http://www.tsx.com/en/news_events/media_kit.html
Trading was very heavy on a volume of 106.2 million shares worth 23.7 million dollars.
There were 250 advances, 273 declines and 528 issues unchanged.
The S&P/TSX Venture Composite Index closed down 5.13 at 851.55
/T/
Most Active Issues by [...]

Koppers Announces Reduction of 2008 Guidance

PITTSBURGH, PA–(Marketwire - January 21, 2009) - Koppers Holdings Inc. (NYSE: KOP) — Due to
significant changes in fourth quarter end-market demand and certain product
pricing, Koppers announced today a reduction in previously issued 2008
annual profit guidance for growth in Adjusted EBITDA to 6-8% from 14-17%,
and for growth in Adjusted EPS to 25-29% from 37-41%. [...]

NexHorizon Updates Oklahoma Cable Television Transaction

WESTMINSTER, CO–(Marketwire - January 21, 2009) - NexHorizon Communications, Inc. (OTCBB: NXHZ) in a press release dated October 30, 2008 stated that it had
completed its acquisition of certain cable TV assets located in a
Oklahoma metropolitan area. As an update to the transaction the Company
has not taken control of all of the [...]

Versatile Aligns Operations in Response to Market Conditions

Reduction in costs result in estimated annual savings of over U.S. $1.6 million

Apple beats Street in holiday quarter; shares soar (AP)

AP - U.S. consumers may have stayed home this holiday season, but no matter for Apple, which managed to turn a profit in the last quarter as people elsewhere stocked up on iPods, Macbooks and other goodies.

Report: French trader describes losing reality (AP)

AP - The French trader at the center of Societe Generale’s multi-billion-dollar banking scandal says he lost his sense of reality while gambling with millions as if it was a video game, a newspaper said Thursday in what it called an interview.

Japanese security robot nets intruders (AFP)

AFP - Japanese companies on Thursday unveiled a security robot that can be operated remotely by cellphone and launch a net to capture an intruder.

South Korea’s "prophet of doom" blogger indicted (Reuters)

Reuters - South Korean prosecutors indicted a blogger on Thursday who had warned of financial doom for the country with critics saying he was targeted because his gloomy forecasts upset the government battling an economic downturn.

The Mac at 25: Portability (Macworld.com)

Macworld.com - The Mac’s first foray into portability wasn’t auspicious. At just under 16 pounds, 1989’s Macintosh Portable was only about half a pound lighter than the original all-in-one Macs. The only direction to go was up—and, thankfully, Apple went there quickly with only a few missteps. Today it offers a range of laptops, from [...]

Fiat mulls cap hike for Peugeot tie-up: report (Reuters)

Reuters - Fiat SpA’s founding family is weighing a capital increase of about 2 billion euros ($2.58 billion) with an eye to a possible merger with France’s PSA Peugeot Citroen, an Italian daily reported.