The Federal Reserve announces new rules to limit Debit Card Fees for Merchants
Digital News Report – The Federal Reserve Board announced the final rule for the Debit Card Interchange Fees and Routing, which will limit the amount charged for a debit fee transaction. The new debit-card fee-cap for merchants will begin on October 1, 2011.
The new rule limits the debit card issuer to receive no more [...]
Amazon cuts California Affiliates from Advertising Program
Digital News Report – On June 29, Amazon, canceled thousands of affiliate advertisers in California from their marketing program. They did this in response to California Governor Jerry Brown signing legislation ABx1 28 that would require sales tax to be collected from these transactions that would have been tied to these affiliates living in [...]
The Affordable Care Act is Constitutional said 6th Circuit Court of Appeals Judges
Digital News Report – The 6th Circuit Court of Appeals ruled that the Affordable Care Act is constitutional in the case of Thomas More Law Center versus Obama. This is the first time that an Appeals Court ruled based on the constitutionality of the legislation.
The ruling said,
“…the minimum coverage provision is a [...]
Microsoft launches Office 365 Internet Cloud Based Service
Digital News Report – Microsoft hosted several events worldwide to launch their new Microsoft Office 365 cloud service. This new monthly subscription service brings Microsoft Office, Microsoft SharePoint Online, Microsoft Exchange Online, and Microsoft Lync Online in a cloud service.
Cloud computing has the data stored on a server by the host service. In [...]
$1 Million Government Grant for Employment Development
Digital News Report – A $1 million grant from the state of California could help train public and private job seekers in Santa Cruz County. The money will go directly to the county Workforce Investment Board to train residents who have lost their job. The grant will also help in job placement.
The money [...]
Oil futures fall sharply after IEA releases reserves
Digital News Report – Thursday morning International Energy Agency (IEA) Executive Director Nobuo Tanaka announced that an agreement had been reached between the 28 IEA countries to release 60 million barrels of oil from individual strategic reserves. This sent shockwaves through the oil industry with sharp declines in oil prices and oil company stocks.
Light [...]
Mortgage Interest Rates stalls for 30-year fixed and increases for 15-year fixed
Digital News Report – Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) showed that the 30-year fixed interest rate mortgage loans stayed at 4.50 percent from the previous week’s data. However, the 15-year fixed rate mortgages increased slightly from the previous week to 3.69 percent.
The 30-year fixed rate mortgages remain low at 4.50 percent with [...]
Computerworld releases list of ‘100 of the Best Information Technology Jobs for 2011′
Digital News Report – Computerworld has released their ‘100 Best Places to Work in IT for 2011’ list. It turns out the number one company to work at in the IT department is USAA. This is the second year in a row that USAA has been number one on the list. Second place [...]
IBM is 100 Years Old – Company was created on June 16, 1911
Digital News Report – IBM (NYSE: IBM) is celebrating their 100th anniversary since the company was founded on June 16, 2011. They got to ring the Opening Bell at the New York Stock Exchange as well as debut a new film called ‘Wild Ducks.’ The company has also released a new book called [...]
Stocks Tumble on Greek Worries
Digital News Report – The Dow Jones Industrial Average (DJIA) fell more than 178 points to 11,897.27 today. Stock prices fell six weeks in a row, and if this week ends lower, it will be the longest duration of declines since March 2001.
Sovereign debt worries have wreaked havoc on stock prices and the common [...]