The goal of Insolvency Practitioner in the Business Planet

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Source: http://www.legaldebthelponline.com/2012/01/16/the-goal-of-insolvency-practitioner-in-the-business-planet/

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UP, UP, AND AWAY: Asian Markets Shoot Higher


rocket shuttle soaring

Asian markets moved higher across the board in early trading.

The biggest news out of those markets comes from Australia, which shed 29.3K jobs in December compared to expectations of a 10K increase. But unemployment declined from 5.3% to 5.2%, and the number of people looking for part-time work also declined.

These numbers may be explained by declining participation in an aging workforce. Australia's population is aging, and the participation rate declined by 0.3% in December. 

UPDATE: Those gains are growing across the board, except in Australia where they're holding steady.

Check it out:

Japan's Nikkei: +1.32%

Korea's Kospi: +1.09%

Australia's S&P/ASX 200: +0.35%

Hong Kong's Hang Seng: +1.27%

U.S. futures have also moved slightly positive.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/HaJVwYud6qs/the-rally-continues-asian-markets-shoot-higher-2012-1

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Jerry Yang?s Departure Heralds Higher Stock Price For Yahoo!

The likelihood is growing that traders and active investors who picked up shares of the stock when it was on sale near the beginning of the month will be able to sell positions into strength in the next few days.

Source: http://www.forbes.com/sites/greatspeculations/2012/01/18/jerry-yangs-departure-heralds-higher-stock-price-for-yahoo/

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If You've Got A Bank Of America Horror Story, This New Tumblr Site Is All Ears


boa-tumblr

If no press is bad press, then Bank of America is having a red letter day year.

In the latest affront to America's largest lender, a legion of activists from the Rainforest Activist Network (RAN) recently made their way around San Francisco  slapping stickers that denounce the bank's alleged shortcomings on every ATM they could get their hands on.

The message reads: "Stop doing business with Bank of America until they start behaving responsibly." 

Of course, RAN wouldn't have gone to all that trouble if they didn't have something to plug. The group just launched a Tumblr site dedicated to tracking the much-maligned bank's shortcomings.

Fueled by reader submissions, the site is chock-full of everything from personal accounts of BoA customers who decided to ditch the bank to news articles on continuing investigations into alleged mortgage to force-place insurance fraud

"We’ve received so many submissions it’s clear to us that this website was badly needed. There are lots of grievances to be aired with regard to how Bank of America is conducting its business these days, as it turns out," the group says. 

As of press time, BoA hadn't returned a request to comment on the campaign. 

If you've got a gripe about the bank, you can submit stories here. 

Of course, if you'd rather take the traditional route to rant, the Consumer Financial Protection Bureau is your best bet. Now that it's up and running at full-speed, the watchdog is taking complaints from consumers on a host of financial products, including mortgages, credit cards, and student loans online. 

To file a complaint or share your story, visit the site and click the "How Do I..." tab. Below, you'll find links for all their user-friendly comment forms. 

DON'T MISS: 9 stories from homeowners who managed to bounce back after foreclosure >

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Source: http://feedproxy.google.com/~r/businessinsider/~3/3Te3J0-6W8Q/a-group-of-activists-is-trying-to-turn-boa-atms-into-truth-machines-2012-1

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Scared European Banks Post Another Record Night Of ECB Deposits


piggy bank

FRANKFURT, Germany (AP) — Overnight deposits by banks at the European Central Bank have hit a record euro528.2 billion ($675.6 billion).

It's a sign of stress in the banking system. The high deposits in the ECB's safe haven indicate banks are unwilling to lend to each other because they are afraid they might not be paid back.

The Tuesday deposits were reported Wednesday. They broke the old record of euro501.9 billion from Monday.

The eurozone debt crisis is pressuring banks because they hold government bonds issued by countries with shaky finances, and could suffer losses on those bonds if the countries do not pay or the bonds fall in value.

Banks took euro489 billion in emergency loans from the ECB last month, leaving the system awash with cash.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/1kKT75cG3aU/scared-european-banks-record-another-record-night-of-ecb-deposits-2012-1

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