Modern-Day Highway Robbers Costs Industry Billions

Written by Charlie Chester on November 9, 2011 – 9:33 pm

They may no longer ride on horseback with long black capes and a pistol in their belts, but highway robbers are far from a thing of thing of the past.

Cargo crime — where consumer goods are stolen in transit — has risen dramatically over the last decade, according to logistics security specialists Freightwatch International. It says the number of known cases worldwide has increased by an average of 10-15 percent year on year.

Dan Burges, senior director of intelligence at Freightwatch, which is one of the few firms to compile global data on the subject, says that cargo theft accounts for $30-50 billion of company losses worldwide every year. Full Article…


Tags: Highway Robbers, Robbers
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The best credit cards for Christmas

Written by Jessica Clark on November 9, 2011 – 5:42 am

It is not too late to get a new credit card before Christmas, writes Jill Insley in The Guardian. Those looking for an interest-free deal should consider the Tesco Clubcard or M&S credit card – both are offering 15 months at 0%. Shoppers looking for a cash-back card should look to Capital One World MasterCard. It offers 5% cash back on purchases up to £2,000 for the first three months, up to a maximum of £100.

• If you have a savings account with National Savings & Investment (NS&I), check the rate you are getting: around 2.5 million people with savings accounts at NS&I receive less than 0.7% interest on their money, says Dan Hyde at Thisismoney.co.uk. The w

Full Article…


Tags: Christmas
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Chase introduces new credit card with no balance transfer fees

Written by Charlie Chester on November 4, 2011 – 11:59 pm

Credit card deals that offer consumers 0% interest on balance transfers and no balance transfer fees are few and far between these days.

But “few and far between” does not mean nonexistent. Case and point: A new credit card offer from Chase.

Chase recently unveiled a version of its Slate® from Chase credit card that is offering new credit card applicants a 0% APR on both purchases and balance transfers for up to 12 months plus no balance transfer fees.

With this Slate credit card (for a limited time, of course), new card members can get zero interest on balance transfers and pay no balance transfer fees on balances transferred within the first 30 days of the account opening (View the offer here).

See also: FAQ: What is a balance transfer fee

Since the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), no-balance-transfer-fee credit card offers virtually disappeared from the marketplace – especially those coupled with zero interest.

< Full Article…


Tags: Balance Transfer, Balance Transfer Fees, Fees, Transfer Fees
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FOREX: Week in Review- October 24, 2011

Written by Robert White on November 2, 2011 – 1:23 am

Last week was a mixed affair for the world’s markets. Markets have been volatile whilst waiting for firm news on European action to resolve the sovereign debt crisis, floating higher on positive sentiment only to retrench when contrarian views are given. In Europe over the course of the week, the FTSE made 1% and closed at 5489; the Dax was essentially unchanged at 5971, making 0.1%; the CAC slipped by 1.5% to end the session at 3171.

The Dow ended the week up by 2.1% at 11808.9. The Nasdaq composite index ended the week at 2637.5 slipping 1.1% over the week.

The Nikkei closed down over the course of the week, falling 1.8% to end the trading session at 8679.

On the currency markets last week, Sterling had the best of the trading. T

Full Article…


Tags: Week, Week Review
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IPO’s Over: So Now Should You Invest in Groupon?

Written by Jessica Clark on October 30, 2011 – 6:09 pm

Rake the leaves. Watch No. 1-ranked LSU play No. 2 Alabama in college football. Do anything this weekend to catch your breath from Groupon’s IPO release on Thursday and its first day of trading Friday.

Then think. Think if you really want to take the plunge on Groupon (GRPN) when the market opens on Monday. Think if you can stomach buying shares in a Wall Street rookie that has lost hundreds of millions of dollars over the last three years.

It was easy to get caught up in the Groupon hoopla this week. Many did. The deal-packager sold 35 million shares at $20 a pop to amass $700 million in Thursday’s IPO. Full Article…


Tags: Groupon
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