| Amtrust Direct Reduces Minimum Opening Deposit for E-Money Market to $1
Get one of the nation's best everyday savings rates at AmTrust Direct with 5.36% APY for only $1. Cleveland, OH (PRWEB) August 12, 2007 -- Looking to take advantage of an online money market account that pays the best everyday interest rate in the country at 5.36% APY? Savers across the U.S. can find it with Amtrust Direct's e-Money Market account, an easy to use online savings account that is now available with a minimum deposit of just $1.00. At AmTrust Direct, not only do we make our high interest savings accounts easy to open, but customers need just one dollar to start earning a fantastic 5.36% APY. With a combination of no minimum balance fees and no service fees, the AmTrust Direct e-Money Market account is the right choice for customers wishing to grow their savings quickly and securely.
Myers Industries Reports Second Quarter 2007 Results
Net sales from continuing operations for the second quarter ended June 30, 2007 increased 16 percent to $225.6 million, as compared to net sales of $194.2 million reported for the second quarter ended June 30, 2006. Net sales in the second quarter of 2007 include incremental net sales of approximately $35.9 million from the acquisition of ITML Horticultural Products (ITML), which was completed in January 2007, and incremental net sales of approximately $12.4 million from the purchase of strategic assets from Schoeller Arca Systems, Inc. North America (SASNA), which was completed in March 2007. Net sales from continuing operations, excluding the acquisitions described above, decreased by $16.8 million in the second quarter of 2007 as compared to the second quarter of 2006, primarily due to our ongoing initiatives to improve long-term results by exiting non-strategic, lower margin business across our segments, coupled with continued slowdown in certain markets, including automotive, heavy truck and tire service.
Stocks May See Weakness Amid Mixed Earnings And Subprime Concerns - RTTNews Daily Market Analysis
(RTTNews) - The major index futures are pointing to a sharply lower opening on Thursday. The earnings news of the day has been mixed, with Apple (APPL) reporting better than expected result, while Dow component Exxon Mobil (XOM) revealed a worse than expected performance. Traders may express concerns over loan defaults, which are seen as an offshoot of the unfolding subprime saga. A rebound in oil prices could also exert some downward pressure on stocks. Apprehension over the health of the economy following the release of softer than expected durable goods orders growth is also expected to prevent traders from taking positions. While strong earnings from companies such as Boeing (BA) and Amazon (AMZN) gave an early lift to the major averages in Wednesday's session, the momentum faltered by late morning trading.
Duke Energy Reports Second-Quarter 2007 Results
CHARLOTTE, N.C., Aug. 7 /PRNewswire-FirstCall/ -- Duke Energy (Nachrichten) today reported ongoing diluted earnings per share (EPS) of 25 cents for second-quarter 2007, which excludes special items and discontinued operations, versus 24 cents in second-quarter 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/DUKEENERGYLOGO )
The 24 cents excludes the results of the natural gas businesses, spun off as Spectra Energy in January 2007, the results of which are now reported in Discontinued Operations.
The higher ongoing results reflect improved results at U.S. Franchised Electric and Gas and Commercial Power, primarily due to favorable weather, as well as improved results at Duke Energy International. These segments had combined higher earnings of 7 cents in diluted EPS on an ongoing basis and 11 cents on a reported basis.
1 Aug, 2007, 0042 hrs IST, TNN
MUMBAI: Once again, the faceless Indian and countless households will foot the bill for the war on inflation. They will have to accept lower returns on bank deposits, but will have no respite from high interest rates on home loans. Hard luck for new home buyers, who were hoping for rates to soften a little before taking the plunge.
Now, there's a higher levy on the banking system, and individual savers and retail borrowers will have to bear it. On Tuesday, Reserve Bank of India (RBI) governor Yaga Venugopal Reddy announced a hike in the cash reserve ratio (CRR) for banks by half-a-percentage point to 7%, even as he kept key rates unchanged. CRR is the slice of customer deposits that banks set aside as cash with RBI. Since this money lying with the central bank does not fetch any return, a CRR hike is like a `tax' on banks, who recover it from customers.
Interest rates unchanged in RBI's new credit policy
That should be good news for those paying back home loans in particular or is it? "I think the home loan and credit rates should not be affected. The RBI has done a fabulous balancing act," said CMD of Bank of Baroda Anil Khandelwal. The good news is on the interest rates front as the RBI has refrained from increasing interest rates two times in a row with the Bank rate remaining at 6 per cent, the repo rate at 7.75 per cent and the reverse repo rate untouched at 7 per cent. But the Cash Reserve Ratio (CRR) has been increased by 50 basis points to 7 per cent. .
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