Saturday, July 04, 2009
Custom Search

Navigation

Breadcrumbs

Business

New Online Tool From Kelley's Blue Book Helps You Decide Whether to Take Advantage of Cash For Clunkers Law


Kelley Blue Book, www.kbb.com, the leading provider of new-car and used-car information, today announces the launch of its Cash for Clunkers Calculator on its top-rated Web site, kbb.com. Using the Cash for Clunkers Calculator, consumers can gain important details to assist them in determining if their current vehicle might be eligible for up to $4,500 toward the purchase of a more fuel-efficient new car, research new-car options, and reach a dealer -- all in one place.

Kbb.com provides a simple, interactive Cash for Clunkers Calculator to help consumers determine whether they may be eligible for a credit under the Car Allowance Rebate System (CARS), the official government name of the Cash for Clunkers program. The calculator helps consumers evaluate vehicles with model years between 1989 and 2009 based on make, model, condition, and mileage. The age of the vehicle, its fuel economy and the fuel efficiency rating of the new car are key factors to determine whether the vehicle qualifies for a 'Cash for Clunkers' credit toward the purchase of a new vehicle. The calculator also displays the Kelley Blue Book® Trade-In Value, to help consumers determine whether their vehicle is worth more or less than the possible credit they could receive from the CARS program.

McDonald's Launches High Quality Angus Burgers Nationwide


The Golden Arches are going premium. McDonald's today launched a 1/3 pound Angus burgers in all their stores. The new menu item has a high quality bun to go along with the choice cut of beef and will cost about $4. It is the first new burger to hit the menu at the fast food chain since 2001's Big and Tasty.

There are three different choices. The deluxe which has two slices of cheese, lettuce, tomato, red onion and pickle. Mushroom and Swiss which has two slices of swiss and an ample supply of sauteed mushrooms. Bacon and Cheese which has American cheese, bacon, onions, and pickles.

Latest Print Industry Death: Vibe Magazine

Launched in 1993 by Quincy Jones, Vibe magazine is arguably one of America's biggest music magazines. It's now about to become the next casualty in the print industry. Various sources both inside and outside the publication have confirmed the impending shut down, and an official announcement is expected later today.

Vibe enjoyed a good deal of success during the late 1990's as well as the earlier part of this decade thanks to the popularity of R&B and hip-hop, however in recent years the magazine has been struggling. Under its new owner, the Wicks Group, who purchased the magazine in 2006, times have been tough. This past February Vibe reduced circulation and publishing frequency, cut salaries, and moved employees to a four-day workweek in an attempt to save money. All that did was stave off the inevitable for a few months.

RIP Vibe.

Ford, Nissan, & Tesla Motors Granted First Loans Under Government Program Aimed at Creating More Fuel-Efficient Vehicles

Ford Motors Inc., the only Detroit automaker who did not receive a federal bailout loan last year, is now amongst the first three companies to get a loan from the government aimed at accelerating the development of more fuel efficient cars. Nissan and Tesla Motors are the other two companies who will be receiving loans for this purpose. Ford will be using their loan to retool some of its Midwest factories.

The $5.9 billion loan Ford was granted was only about half of what they initially requested, and will go to retool 11 Midwest factories. The money will help to make 13 of its models more efficient. Ford is planning to sell four models of electric vehicles by 2012.

Japanese car manufacturer Nissan will also receive $1.6 billion to overhaul its Smyrna, Tenn. factory, where it plans to build electric vehicles. Tesla Motors, a California based company, will receive $465 million to make electric vehicles and drive trains.

Goldman Sachs to Make Record Profits & Bonus Payouts in 2009

While much of the financial industry is lucky to even have a job, the folks over at Goldman Sachs (NYSE: GS) can expect to receive their biggest bonus payouts in the firm's 140-year history after an amazing first half of the year. This news, however, has sparked concerns that the big investment banks that have survived the credit crunch will ultimately derail financial regulation reforms.

Due to a lack of competition combined with a surge in revenues from trading foreign currency, bonds and fixed-income products, profits at Goldman Sachs have soared. Last week, the firm's London staff were briefed on the company's prospects and were told to look forward to bumper bonuses, if it completed its most profitable year ever, as it is predicted they will.

Figures to be released next month which will detail the firm's second quarter earnings are anticipated to show a bigger jump in profits. They've already paid off $10 billion in TARP funds from the government. Financial genius Warren Buffet, who purchased $5 billion of Goldman Sachs' shares in January, has already made an impressive $1 billion gain on his investment.

T-Mobile to Launch 2nd Google Phone - myTouch 3G - in August

On Monday T-Mobile announced that the first follow up to their G1 "Google Phone" will go on sale in early August. Dubbed the "myTouch 3G", it will be a touch-screen phone and will lack the physical keyboard of the T-Mobile G1, which was the first phone that used Google's Android software.

It's clear that T-Mobile is hoping to have created a major competitor to the Apple iPhone. Even the name of their new Google phone is reminiscent of a similar Apple product - iTouch vs. myTouch - and the lack of a physical keyboard with this model brings them all that much closer to having something pretty similar to the iPhone.

The myTouch, which was created by HTC, looks a lot like an iPhone and even has many of the same features. It will be available for $199 with a two-year contract, and will ship with software that allows it to connect to corporate e-mail servers. T-Mobile believes that the myTouch will appeal to a much wider audience than the G1.

Steve Jobs Got Top Secret Liver Transplant; Is Living in Memphis

If there's one thing about Steve Jobs that we should all know by now is that he's always got a trick up his sleeve, and he won't leak info about anything until he's darn well ready to, whether that's in regards to a new Apple product or his health. So really, when we heard the latest rumors - that Jobs secretly got a liver transplant in Tennessee two months ago and is now living in a secluded Memphis mansion - well we really couldn't put it out of the realm of possibility.

Jobs, who was diagnosed with a rare form of pancreatic cancer in 2004, indicated in January that he was suffering from a "hormone imbalance" and would be taking a leave of absence. He brushed his health issues off as not a big deal. His wearabouts during his medical leave of absence are unknown even to Apple execs, and no one will say where he is. He usually lives in Palo Alto, CA, which also happens to be near two world-class cancer treatment centers.

Former Browns QB Bernie Kosar Files for Bankruptcy

Former NFL quarterback Bernie Kosar filed for Chapter 11 bankruptcy protection in Miami on Friday. In the filing, Kosar listed assets between $1 million and $10 million, and liabilities of between $10 million and $50 million.

Kosar owes millions of dollars, including nearly $1.5 to the Cleveland Browns, $725,000 to the owner of the Cleveland Gladiators team of the Arena Football League, and $3 million to his ex-wife. He also owes a bank more than $9 million for bad real estate deals.

Kosar divorced his ex-wife, Babette, in 2007. In 2008, his Miami restaurant - Bernie Kosar's Steakhouse - went out of business. The bankruptcy filing is just the latest in the former pro football player's string of bad luck.

Kosar played for the Miami Hurricanes in college, before going pro with the Browns, where he quarterbacked from 1985 to 1993. After playing for the Browns, he was with Dallas and Miami. Kosar retired from the NFL in 1996.

Nestle Recalls Cookie Dough After 66 Fall Ill from E. Coli

Nestle USA is voluntarily recalling its Toll House refrigerated cookie dough products after numerous illnesses were reported by consumers who ate the dough raw. According to the company, the Food and Drug Administration and the Centers for Disease Control are investigating reported E. coli illnesses that may be related to the consumption of the raw cookie dough.

Nestle warns that consumers should not eat raw cookie dough, and notes taht such a warning appears on its packaging.

The recall includes refrigerated cookie bar dough, cookie dough tub, cookie dough tubes, limited edition cookie dough items, seasonal cookie dough and Ultimates cookie bar dough. The recall does not affect any other Toll House products.

If you have purchased any of the products listed below, you should not consume them. Nestle is instead asking consumers to return them to their local grocer for a full refund. Any questions should be directed to Nestle Consumer Services at 1-800-559-5025.

A full list of the recalled products can be viewed here.

Ohio's Unemployment Rate Continues Upward Climb in May

Ohio's unemployment rate continued to rise during the month of May, inching ever so closely to 11 percent. According to data released Friday morning by the Ohio Department of Job and Family Services, the state's unemployment rate was at 10.8 percent in May, which was up from 10.2 percent in April.

Ohio's non-farm wage and salary employment decreased from 5,132,900 in April to 5,132,700 in May. County, city and metropolitan area unemployment rates for May will be available next week on June 23.

The number of unemployed workers in Ohio during may was at 646,000, which is up from 609,000 in April. In just the past 12 months, the number of unemployed has increased by 268,000, or 71 percent.

Goods-producing industries employment fell 15,600 to 816,000. A gain in nondurable goods offset a decline in manufacturing employment, caused by a loss of 17,400 jobs in durable goods. Construction added 400 jobs, mining and logging added 100, and service industries added 15,400 positions. Government employment fell by 600 jobs.

Custom Search


Featured Contributors

User login

Recent comments