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Nearly Two-Thirds of Executives Anticipate Uptick in Accounting Fraud, Resulting From Down Market

added: 09-01-2009

When the economy takes a downturn, fraud increases, according to a recent online poll, conducted by Deloitte. Nearly two-thirds (63.3 percent) of executives polled expect accounting fraud to increase during the next two years.

Nearly Half of Americans Have Delayed Purchasing a New Car

added: 09-01-2009

Nearly half of Americans (48 percent) reported that they will wait longer before their next vehicle purchase, according to the results of Consumer Reports' 2009 Auto Brand Perception Survey.

Emerging Markets Remain Dynamic Amid Projected 1% Growth Rate for Global Telecom Market in 2009

added: 09-01-2009

Due to a grim economic outlook and substantial currency fluctuations, the telecom services market will generate US$1.4 trillion in 2009, posting only 1% year-on-year growth compared with the 10-11% annual growth rates that have characterized previous years, according to a new report from Pyramid Research, the telecom research arm of Light Reading Communications Group.

CEO Confidence Sinks to Another All-Time Low

added: 09-01-2009

Chief Executive Magazine's CEO Index, the nation's only monthly CEO Index, sunk to another all-time low in December, according to 245 top executives surveyed. Executive confidence in America's economy is under 50 percent of what it was just three months ago, and less than 25 percent of what it was a year and a half ago. In all the turmoil, one CEO tried to keep a sense of levity: "Sooner or later there will be some good news."

Automotive Manufacturers Continue to Focus Heavily on New Models and Products

added: 09-01-2009

In the next five years automotive manufacturers are expected to be intently focused on investing heavily in new models/products and new technologies to satisfy consumer demand in purchasing fuel efficient, affordable cars, according to an annual global survey by KPMG LLP, the U.S. audit, tax and advisory firm.

US Online Job Market: Monster Employment Index Registers Sharp Decline in December 2008

added: 09-01-2009

The Monster Employment Index declined 12 points in December, as economic uncertainty continued to weigh on U.S. online recruitment activity. Year-over-year, the Index is down 22 percent, largely steady from the previous two months, suggesting some stabilization in the rate of slowdown in the labor market following a rapid decline during the third and fourth quarters.

Bankrate: Mortgage Rates Flirt with Record Lows

added: 09-01-2009

Mortgage rates fell sharply in the first week of 2009, with the average 30-year fixed mortgage rate plummeting to 5.33 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Half of Americans Expect Economy to Get Worse

added: 09-01-2009

As the New Year dawns, over half of all adults (56%) say that, compared to last year, they feel less secure about their financial situation while three in ten (30%) say they feel the same as last year.

Euro Area and EU27 GDP Down by 0.2% in the Third Quarter of 2008

added: 08-01-2009

GDP declined by 0.2% in both the euro area (EA15) and the EU27 during the third quarter of 2008, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Communities. In the second quarter of 2008, growth rates were -0.2% in the euro area and 0.0% in the EU27.

Euro Area Unemployment up to 7.8% in November 2008

added: 08-01-2009

The euro area (EA15) seasonally-adjusted unemployment rate was 7.8% in November 2008, compared with 7.7% in October. It was 7.2% in November 2007. The EU27 unemployment rate was 7.2% in November 2008, compared with 7.1% in October. It was 6.9% in November 2007.

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