July, 2010

BP planning to take a $ 10 billion tax credit

Facing a $ 17 billion second quarter loss and $ 32 billion in spill cleanup costs, BP has decided to take a $ 10 billion tax credit. This credit is intended as a instant cash loans advance for companies in trouble. It is still argued how legal this tax credit really is. In the end, ...

Click here to read complete article.

Auto crash test dummies inducted into Smithsonian

As a part of a larger donation to the Smithsonian museum today, two GM crash test dummies were officially put into the national museum. Also donated were costumes for the two dummies in 1980s ads, Vince and Larry. An auto safety exhibit is to be displayed. Vince and Larry The crash dummies costumes for "Vince" and "Larry" ...

Click here to read complete article.

Which banks benefited from the bailout?

The financial reform bill that is heading for Obama's desk is designed with Wall Street in mind. We do not want another recession and want to stop helping banks. However, that brings up the issue of which institutions actually were bailed out, or benefited the most. The public should know who was bailed out since ...

Click here to read complete article.

Don’t fall for auto loan for bad credit modification scams asking upfront fees

All over the internet are ads for auto loans for bad credit modification scams. Auto loan modification companies promise to negotiate with lenders to get customers lower car payments -- for a hefty upfront fee. But consumer advocates and government regulators explain that most autoloans modifiers promising lower car payments will take your money and ...

Click here to read complete article.

Aon Corporation purchases Hewitt Associates, creates Aon Hewitt

In a deal worth almost $ 5 billion, consulting and insurance company Aon Corporation is buying HR outsourcing firm Hewitt Associates. The newly-formed Aon Hewitt division will function much like Hewitt Associates did before the purchase. Estimates say that the companies will save about $ 355 million a year. The Aon Hewitt purchase Announced this morning and ...

Click here to read complete article.