Buyers will be allowed to return their car or truck within 60 days if they’re not satisfied.
Buy a new General Motors car. Don’t like it? Return it and get your money back.
General Motors, in a bid to appeal to consumers upset about decades of poor quality and the carmaker’s government bailout, is launching an unusual [...]
Archive for September, 2009
GM introduces money-back guarantee
September 10th, 2009 by Financial Writer
Tags: businesses, buyers, general motors, money
more...Case: Commercial Real Estate Next to Fall
September 10th, 2009 by Financial Writer
Wellesley College economics professor Karl Case, co-founder of the S&P/Case-Shiller Home Price Index, says commercial real estate “absolutely” could be the next domino to fall.
“It’s not as big as residential,” he pointed out in an interview with Dan Mangru of Moneynews.
About 30 percent of U.S. loans are secured with residential real estate, compared to 13 [...]
Tags: economics, economy, loans, real estate
GM will offer 60-day, money-back guarantee on new cars
September 10th, 2009 by Financial Writer
Frustrated that many shoppers won’t even consider its cars, General Motors says starting Monday, buyers of new GM models can bring them back within 60 days, no questions asked, and get back the price of the car.
GM’s Vauxhall brand used a money-back guarantee in the U.K. some years ago, GM marketing chief Bob Lutz says, [...]
Tags: buyers, general motors, money, us
China Ramps Up To Buy Cheap U.S. Real Estate
September 10th, 2009 by Financial Writer
China Investment Corporation, China’s $300 billion sovereign-wealth fund (SWF), is preparing to buy distressed U.S. real estate assets.
It will do so using the U.S. Treasury Department’s Public-Private Investment Program (PPIP) to fund the investments, reports the Wall Street Journal.
Meanwhile, several Chinese officials warned that Wall Street isn’t taking the recession seriously, and that much more [...]
Tags: China, economic, financial crisis, real estate, USA
Stocks end at 2009 highs
September 10th, 2009 by Financial Writer
Wall Street cheers as strong debt auction, P&G forecast, Geithner comments and drop in jobless claims draw investors.
Stocks surged Thursday, with the major gauges ending at the highest point in nearly a year, having responded strongly to a debt auction and Procter & Gamble’s improved forecast.
The Dow Jones industrial average (INDU) gained 80 points, or [...]
Tags: Debt, Dow Jones Industrial, jobless, Nasdaq composite, recession
The United States ranked as the top economy in terms of innovation and efficiency
September 8th, 2009 by Financial Writer
Switzerland pushed the United States out of the top spot as the planet’s most competitive economy while Canada moved up one to ninth, according to rankings released Tuesday.
The World Economic Forum said the tiny landlocked European country received high marks for its banking system, established infrastructure and stable inflation and growth policies in the group’s [...]
Tags: canada economy, top economy, usa conversion
Gold has quadrupled in value
September 8th, 2009 by Financial Writer
The price of gold has touched $1,000 an ounce for the first time in six months.
The move could be seen as a sign that investors believe the worst of the global recession is over and are worried about inflation.
Others who are less convinced about the strength of the recovery are moving into gold, which is [...]
Tags: economy, gold price, uk news
Debt Expert
September 8th, 2009 by Financial Writer
Personal debt problems have become more complicated in the past few years because of changes in income and people having mortgage arrears, says a debt expert.
Frances Walker, spokesperson for the Consumer Credit Counselling Service (CCCS), said that it is encouraging see that people are starting to pay off their debts, but in some cases it [...]
Tags: complicated economy, personal debt, usa residents