Archive for April, 2010
Apple (NASDAQ: AAPL) Can’t Meet iPad Demand, Delays Shipments Internationally
Apple Inc (NASDAQ: AAPL) has delayed the launch of its iPad tablet computer to Australia, Canada, France, Germany, Japan and the U.K. because the company underestimated “how quickly they would sell in the U.S” and that Apple “more than 500,000 of the devices in a week”, according to a new report from Bloomberg. Demand for [...]
Ford (NYSE: F) Explorer to Offer Terrain Management System
Ford Motor Co (NYSE: F) said that it is attempting to make its four-wheel drive vehicles easier to use with a new terrain management system, which will help consumers navigate through snow, sand or mud with ease, however, the simplified controls may disappoint hard-core off-roaders. According to a statement made by the Detroit automaker, the [...]
Citibank (NYSE: C) Permanently Modified 24,555 Mortgages as of March 2010
Citigroup Inc (NYSE: C)’s CitiMortgage unit has made permanent loan modifications to 24,555 mortgages as of March 2010, up from February’s total of 15,607 permanent home loan modifications. Citigroup has done a much better job than some of the other large-cap banks at making sure that its customers who qualify for modifications can receive them. [...]
Bank of America (NYSE: BAC) Permanently Modified 32,900 Mortgages
Bank of America Corp (NYSE: BAC) has made 32,900 permanent home loan modifications under the federal governments Making Home Affordable Program (HAMP) as of March of 2010. The Charlotte, N.C.-based bank’s numbers improved by more than a third compared to its February numbers of 20,666. Bank of America also had a significant increase during the [...]
Citibank (NYSE: C) Loves New Jersey
Citibank (NYSE: C) has launched a new “our promise” campaign to demonstrate its commitment to the state of New Jersey. Last weekend, Citibank hosted the grand opening of a new branch in Summit, NJ and had customer appreciation events at all 31 of its New Jersey Branches. To commemorate the occasion, Citibank donated $2,500 to [...]
Ford (NYSE: F) Plans To Develop New Electric Vehicles
Ford Motor Co (NYSE: F) Chairman Bill Ford ended endorsed the future of electric vehicles, during a speech on the last day of SAE World Congress. “All the early cars were electric,” said Ford, great grandson of company founder Henry Ford. “They‘ve been around really for the past century or so, but they really haven’t [...]
Israel Bans Imports of Apple (NASDAQ: AAPL) iPad over Wireless Issues
The nation of Israel has banned the importation of the Apple (NASDAQ: AAPL) iPad citing concerns that its wireless network card could disrupt other devices, according to a report from the Associated Press. The country’s officials say they have already confiscated 10 iPads and the ban prevents anyone, including tourists, from bringing iPads into the [...]
How to Shop for an Affordable Vacation
Most of us enjoy going on summer vacations but often times the trips that we would like to take are cost prohibitive. We’d all like to stay at a Sandals resort on the Caribbean, but spending $5,000 plus on a week vacation doesn’t work for most people. Getting a cheap vacation is possible, but you [...]
Bank of America Losses on Credit Cards Declining (NYSE: BAC)
Bank of America Corp. (NYSE: BAC) said in a regulatory filing on Thursday that fewer of its customers were behind on their credit cards during the month of March. The Charlotte, N.C.-based bank said in a filing with the Securities and Exchange Commission filing that its charge-off rate for card balances was 12.54% last month, [...]
Am I Being Ripped Off By Being Too Bargain-minded?
Believe it or not, you can be separated from your money by being too bargain-minded and leaving common sense behind when shopping. Here`s what to watch out for: Buying Anything on Credit. It`s a fact that if you buy with a credit card, you WILL spend more money. Even if you have a credit card [...]
Evaluating Options for Borrowing Money Online
If you are looking to purchase a vehicle or make another major purchase, you have far more options to borrow money than you would have if you were going to make your purchase a decade ago. There are far more types of creative financing (most of which should probably be avoided), a new wave of [...]
How Do I Make Sure That My Loved Ones Know What To Do In Case of the Unexpected?
This is not a fun topic, but it is one that you need to address anyway. Most people think that as long as they have some type of life insurance, they do not have to deal with the details of what happens when they are gone. How wrong that is. Think of the heartache your [...]
What Money-Saving Tips Are Out There for My Family?
The squeeze is on. Your household budget is feeling the pinch of higher prices at the gas pump. And the domino effect on consumer prices is frightening. Everywhere you turn, higher prices are here to stay. So, what`s a family to do to keep on the straight and narrow of living within their means? Here [...]
Apple iPad Available In US Only Until May (NSDQ: AAPL)
After the much anticipated release of the Apple iPad in the United States last week, the announcement has been made that those outside of the US will have to wait until the end of May to try one out for themselves. Apple had originally planned the international launch of it’s newest popular creation for late [...]
How Do I Keep From Getting Hit With Credit Card Charges?
It`s no secret that we here at americanconsumernews.com advocate the disposal of your credit cards and accounts in favor of a cash-only lifestyle. But, the reality is that most of you are not there. And so, rather than beat you up about it, we take a more pragmatic stance in some of our writings to [...]
Should I Keep My Gas Guzzling Vehicle?
With gasoline prices above $4.00, many are spending large amounts of money to fill up their pick-up trucks and large SUV`s with V8 engines. The temptation is to either sell or trade them in to get something more economical that ds not require something akin to a small loan to fill up at the gas [...]
Experiencing Difficulty in Making Your House Payments?
The mortgage crisis continues to affect many families. And not just in the USA; the pressures of a worldwide economic slump have also had an impact on those in the UK as well. This report shows how widespread the problem has become for them: UK Mortgage Crisis Here are some tips that can be useful [...]
Should I Consider a Reverse Mortgage?
In today`s economic climate more and more people who are getting near retirement age are asking about reverse mortgages. It`s all about risk. What is it? First, if you are not familiar with a reverse mortgage, it is a loan that is available to U.S. citizens over the age of 62 in which the equity [...]
No Lines for Walt Disney World (NYSE:DIS) Theme Park Rides?
To help guests skip the notoriously long lines in Walt Disney World (NYSE:DIS) theme parks, Walt Disney World is testing a system which would have people wait in “holding areas” rather than in a queue for the most popular rides and attractions. Testing began on Tuesday and Wednesday of this week in Disney’s Hollywood Studios, [...]
Employee of Bank of America (NYSE: BAC) Charged With ATM Crime
With the increase in threats against ATMs around the country, more people are being victimized by thieves who are able to capture their card information and make withdrawals on accounts fraudulently. Now one employee of one of the largest banks in the country is facing charges of highjacking ATMs using his own IT experience. Thirty-seven [...]
How Do We Take A Vacation – We Cannot Afford One?
Just last week, Americans marked the passing of the birth of our nation (July 4th). It is typically the busiest vacation time of the summer months in the USA. However, in water cooler conversations at work, it appears that more Americans have cut back on vacation plans because of the high gasoline prices. Even a [...]
Lending Club Originating Loans at 4 Times Rate of Prosper Marketplace
Lending Club, a company which offers peer to peer lending services to its customers, released statistics last week indicating that it was originating loans at four times the rate of its competitor, Prosper Marketplace, and that its lending activity has accounted for 79% of the peer to peer lending market in the United States during [...]
Citigroup (NYSE: C) Exes Not Sorry Enough Says Panel
Today, two former executives from Citigroup (NYSE: C) tried their hand at publicly apologizing for the financial disaster of the company that nearly ended in collapse, until the government stepped in with a taxpayer bailout of $45 billion. Former chief executive Chuck Prince told the federal commission “Let me start by saying I’m sorry. I’m [...]
Can Coupons Help Me Rein in My Spending?
Can Coupons Help Me Rein in My Spending? Buying with coupons has always been a smart way to shop, but with economic times like they are right now, it is even more important to look for ways to trim your spending. If you are not a coupon clipper, now is the time to become one. [...]
The Plan for Paying off Debt
Getting behind on paying bills can produce a lot of stress in one’s life. The best advice is to refuse to run from the problem. Instead, run towards it with a plan to meet it head on in order to solve the crisis. Better it is to communicate about your situation than to flee from [...]
Nonprofits To Receive Grants From Walmart Foundation (NYSE: WMT)
Walmart is a familiar brand recognized around the world. While most consumers are familiar with this retail giant, not as many know just how much the company does in terms of charitable giving. Last year, over 467 million dollars was donated by Walmart in the form of cash and other donations. Based on an announcement [...]
What Are the Benefits of Living a Cash-Only Lifestyle?
We talk about getting out of debt and staying out of debt as a major step in securing your financial picture. The reason is obvious and has been espoused many times: it provides freedom in that you are not paying monthly payments, high interest and fees. What you can do with the money that you [...]



