Posted on July - 08 - 2010
NEW BRUNSWICK, N.J. (AP) — Sales of Johnson & Johnson pain relievers are plunging amid repeated recalls, with an eighth that expands callbacks for products like Tylenol and Motrin IB just announced.
That’s an embarrassment for a company that set the standard on how to do it correctly when it rushed to pull bottles of Tylenol off the shelves in the early 1980s.
Market research firm SymphonyIRI Group says sales of J&J’s pain reliever pills fell 56 percent in the month ending June 13, compared to a year earlier. Sales in the smaller category of liquid pain relievers, such as Children’s Tylenol, fell 96 percent.
It’s tens of millions lost and a big hit to its reputation.
The company on Thursday recalled 21 lots of over-the-counter drugs sold in the U.S. a
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Posted on July - 07 - 2010
Consumer credit declines in May.
Consumers across America are slowly paying off their debt, continuing a trend has been exhibited in 18 of the last 20 months.
According to the latest report from the Federal Reserve [Board], the amount of money consumers owe to creditors declined at an annualized rate of 4.5 percent in May. That number equates to a drop of about $9.15 billion in consumer debt. The new national number for total consumer debt is $2.42 trillion. This was the fourth month in a row that consumer credit declined. Read full article…
Posted on July - 05 - 2010
When public-use computers in Elkhart County were scarce for those trying to file for unemployment benefits, a Goshen business made computers available on Sundays — a day the store was usually closed.
Goshen businessman pledges store’s site, computers to help unemployed
Filing for unemployment benefits just got easier for people in Elkhart County Watch the story
Community response was positive and plentiful, as many people came to Premier Rental Purchase to file their unemployment claims on Sundays. <
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Posted on July - 05 - 2010
Are you familiar with the average credit card debt in the United States? Depending on who you ask, the figures are staggering: some studies suggest a figure of up to $9,000 per person. It’s hard to arrive at a single accurate answer to this question — but actually, it doesn’t really matter that much. What does matter is that any significant credit card debt is too much to carry.
What’s the Problem with Credit Card Debt?
Sure, any debt is problematic, but it’s simply a fact of life in modern America. Most people have mortgages for hundreds of thousands of dollars, so why does another five or six thousand dollars in credit card debt make a difference?
Actually, credit card debt is problematic for a number of reasons.
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Posted on July - 04 - 2010
The number of Americans paying credit card bills late has declined, report shows
It appears that consumers are putting themselves in a slightly better financial position, according to a new report that reveals credit card late – stage delinquency rates have declined for the fifth consecutive month. Delinquency rates are utilized by financial experts to measure future losses. The current declines recorded suggest that charge off rates may also decrease in the coming months.
“Seasonal factors are influencing the improvement in delinquencies and could benefit charge offs in the coming months,” Fitch Ratings managing director Michael Dean said. Read full article…
