Industry News

LIBOR losing benchmark status?

Scandal-ridden LIBOR may be losing its benchmark status now that a smaller group of banks are the ones setting it, reports Bloomberg. Read: Should LIBOR be scrapped? Submissions by Bank of America Corp., Citigroup Inc., Bank of Tokyo Mitsubishi UFJ Ltd., RBC, and Sumitomo Mitsui Financial Group Inc. have been used in setting the rate […]

By Wire services |October 9, 2012

1 min read

Facebook tests new “Want” button

Facebook is testing a “Want” button for online retailers, reports Financial Times. Read: Facebook faces privacy concerns, again Perhaps competing with popular photo-sharing site, Pintrest, the new Facebook feature allows consumers to add product images to an online wish list. Read: Google to top Facebook? The launch is part of a test series called Collections. […]

By Wire services |October 9, 2012

1 min read

4 tips for boomer entrepreneurs

Whether doing freelance consulting work, buying a franchise or opening a specialty business, more than half of boomers (54%) have started or considered starting a small business before retirement, finds a TD survey. Boomers with the entrepreneur bug want to be their own boss (58%); make more money (53%); or have a sense of personal […]

By Staff |October 9, 2012

2 min read

IMF downgrades growth forecasts, and more . . .

Fast growing economies, including China, India, and Brazil, are slowing in the face of weak demand from western goods market countries.

October 9, 2012

1 min read