InvestYoung

Businesses File Bankruptcy!

You may not believe this, but it’s true.  In the month of April 2008 business filed for bankruptcy protection the most since the new law went into effect in 2005.  This is based by Jupiter eSources that runs a database called Automated Access to Court Electronic Records.  According to their data, the numbers show 49% increase in bankruptcies compared to last year’s numbers.  The break down comes to 235 daily filings in the month of April.  Last your numbers show 158 fillings for the month of April.  For the most part, these businesses are unable to get credit and sales of products are down.

Pick The Right Fence!

There are many choices out there for fencing.  You should consider what your main purpose for the fence is going to be.  Then choose what will serve your main needs.  You want a fence that can meet your needs in a multi propose matter.  Try to get a fence that can meet your privacy, security, containment and cosmetic needs.  Some of the most used fences are vinyl, wood panel, polymer, post and rail and the most used chain link fence.  You should consider all choices and stay within your budget.

Big Profits Oil Companies!

With soaring oil prices, it seems that all big oil companies profits are going up. ExxonMobil, the biggest one of all, has once again displayed huge profits. I once heard that they make pennies on every gallon of gas sold. I have to say that there full of crap. The CEO makes more than any other CEO out there. A matter of fact – the whole top management group at ExxonMobil is the highest paid team in the world. And they say they make pennies on the gallon. ExxonMobil isn’t the only big winner; all oil companies are loving these high prices. Every single oil company is producing huge profits.

Funds Manager Fraud!

I was reading an article on the wire about a funds manager turning out to be a fraud. It seems that Robert J. Sucarato was playing the role of a funds manager and stole at least $1.5 million from his investors. Regulators have stated that most of the investors money is gone. The regulators have filed a civil lawsuit against him because he raised that money under false pretenses. At lease Sucarato won’t be able to run with the money. A New Jersey federal judge decided to freeze all Sucarato’s assets, and ordered him not to destroy any documents. His world came crashing down around him when investors started to demand their money. Better luck next time – jerk!