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)

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)

Advertisers Will Spend $4 Billion Dollars in 2004 on Search Engine Marketing

A Search Engine Marketing Professional Organization
(SEMPO) concludes that in the U.S. and Canadian market,
advertisers will spend $4.087 billion dollars this year on
search marketing programs. 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.

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.

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
[...]

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.

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.

World stocks rebound (Reuters)

Reuters - World stocks rose from this week’s 7-week low on Thursday as banking shares recovered after a heavy sell-off, while European government bonds tumbled on concerns the countries may borrow more to boost the economy.

China irks US with computer security review rules (AP)

AP - The Chinese government is stirring trade tensions with Washington with a plan to require foreign computer security technology to be submitted for government approval, in a move that might require suppliers to disclose business secrets.

Dow tops 9,000 on economic stimulus hopes (Reuters)

Reuters - Stocks rallied on Monday, sending the Dow briefly above 9,000, on optimism that President-elect Barack Obama’s plan to invest in a massive infrastructure plan will bolster the economy and on hopes for a rescue plan for automakers.

Stocks surge as investors bet on consumer spending (Reuters)

Reuters - Stocks jumped on Friday as investors bet that a steep drop in oil prices will boost consumer spending, lifting retail stocks and offsetting government data showing half a million jobs were lost in November.

Stocks’ latest rally may trip on harsh data (Reuters)

Reuters - Extending Friday’s rally into next week is a tall order for U.S. stocks, given more data set to show the job market and retail sector are in deep distress and little hope for a respite from dismal corporate outlooks.

Online Money: Fidelity expands online news focus (AP)

AP - Fidelity Investments is joining the rush to satisfy investors’ growing appetite for news about financial market turmoil.

Asian shares retreat as economic fears nag (Reuters)

Reuters - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.

Oil falls to near 4-year low (Reuters)

Reuters - Oil fell below $46 a barrel to its lowest in nearly four years on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks.