Posts Tagged ‘ credit crunch ’

During these times of economic uncertainty it is hard to know in which baskets you should be placing your eggs. If you are going to keep your investments in stocks and shares, then you need to chose the stocks most likely to weather the storm that is ravaging our global economy. Lucky for us,...
Read more »

Yahoo is planning to make the easiest and quickest cost cutting action by slashing hundreds of jobs globally. Yahoo is expected to announce full details of its job cuts tomorrow, however it is likely that over 1000 positions will be axed. As with the rest of the economy, Yahoo’s stock price has plummeted recently,...
Read more »

Bloomberg has reported that while advertisers are cutting back on TV and print media spending, they are actually moving to adverts that run alongside search listings and on affiliate websites, namely Google’s Adwords program. The Internet will account for 8.7% of the $284 billion in U.S. ad spending this year, up from 7.2 percent in...
Read more »

Latest news from Bloomberg – Google’s stock price jumped as much as 10% in German trading after reporting profit that topped analysts’ estimates, saying customers are still buying Web ads even as the economy slows. While advertisers of home and auto loans cut back, makers of apparel and appliances kept spending, Chief Financial Officer Patrick...
Read more »

eBay Inc., the world’s biggest Internet auctioneer, has projected its first quarterly sales decline. Today eBay’s stock price fell USD0.52, to $14.81. Fourth-quarter revenue will be $2.02 billion to $2.17 billion, the company forecast yesterday, compared with $2.18 billion a year earlier. The value of goods sold on eBay’s sites fell by 1% in...
Read more »

The credit crunch is finally affecting Google and Yahoo. Companies are starting to cut back on advertising, and this is causing a worrying reduction in revenue for both Google and Yahoo, but Google especially. Almost all of Google’s profits are generated through advertising placed on search results and also on publisher websites. As companies...
Read more »

In recent months the forecasts for chip makers has been poor, with companies deciding not to update computer hardware until after the current economic turmoil is overcome. However it seems that Intel have somehow managed to resist the worse of the forecasts and are showing signs of a stronger than expected quarter. Intel say...
Read more »

The credit crunch is showing its first major signs in the UK technology sector with the loss of around 800 jobs in Scotland at Freescale Semiconductor, a US-owned computer chip company based in East Kilbride, near Glasgow. Freescale has confirmed that it will stop making chips at its East Kilbride factory, which employs about...
Read more »

The credit crunch has so far been most prominent in the banking and finance industries. Many internet companies have spend the past months in a state of denial, falsely beleive that technology stocks are somehow immune to the pressures of the global economy. But all that appears to be changing rapidly. News came out...
Read more »

Cyber criminals are quickly taking advantage of the current ecomonic crisis. There has been a sharp rise in phishing since the collapse of several international banks nad trading houses (Lehmans, Merril Lynch), and the news of amalgamations, acquisitions and takers of several others (including Natwest, Halifax / RBS (HBOS) and Northern Rock). Phishing is...
Read more »