Luxury Home Owners Atop Financial Time Bomb as “Option Pay” Adjustable Rate Mortgages Reset

June 4, 2009


Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Adjustable Rate Mortgages Reset.
Newport Beach, Calif. (WiredPRNews.com) — Adjustable rate mortgages (Pay Option ARM’s) were widely used in the hot housing market of recent years. Many households that took advantage of “Option Pay” loans or “teaser rate” loans – types of adjustable […]

Recession Inspires Swapping Wave for Updated Fashion

May 21, 2009


Many seeking to stay in style while weathering the recession are resorting to clothes swapping.
Wired PR News – The recession has inspired a new wave of budget conscious shopping that allows consumers to update their wardrobe without having to pay. As reported by the Associated Press (AP), many shoppers have proudly become swappers, or individuals […]

ATT Mini Laptops to Be Available in Stores

May 21, 2009


The telecommunications giant will reportedly begin offering the laptops this summer.
Wired PR News – ATT has announced plans to offer its mini laptops in stores across the nation this summer. As reported by The Dallas Business Journal, the telecommunications company will include in their store offerings the 3G mini laptop at more than 2,200 locations […]

Retail Sales Fall Another Month

May 14, 2009


Worries increase as retail sales continue to fall.
Wired PR News – A second consecutive month of falling retail sales has led to increased worries about the recession. As reported by the Associated Press (AP), consumer spending was shown to still be down after reports on retail sales for the month of April reveal decreases for […]

Blackberry Curve Tops iPhone in Consumer Sales

May 6, 2009


The phone sweeps past the competition in the first quarter thanks to aggressive promotion.
Wired PR News – Research in Motion (RIM) has reportedly made significant gains in consumer market share for its Blackberry Curve. As reported by The NPD Group, a well received promotion by Verizon Wireless helped the phone emerge as the best selling […]

Credit Card Legislation Reviewed by Senate

May 4, 2009


The House passes credit card bill, which will now proceed to the Senate.
Wired PR News – The House recently passed a credit card measure designed to eliminate sudden interest rate increases, and other practices labeled as unfair to consumers. As reported by the Associated Press (AP), the legislation will now be reviewed and voted on […]

State Power Issue to be Heard by Supreme Court

April 30, 2009


The High Court will hear a case regarding the power of states to investigate bank discrimination.
Wired PR News – The Supreme Court is set to hear a case regarding the power of states to investigate discriminatory lending practices of banks. As reported by the Associated Press (AP), the High Court will hear arguments pertaining to […]

Consumer Advisory - Downgrading Cell Phone Plans Not a Good Idea

March 24, 2009


Santa Cruz, CA (WiredPRNews.com) – Today’s families are attempting to save on household expenses more and more each day as they struggle with today’s economy. Everything from laundry detergent to utility bills, family consumers are working to alleviate the strain on their personal finances while maintaining their current level of comfort. This has proven not to […]

Doctors Seek to Silence Angitated Patients

March 5, 2009


Some doctors are attempting to prevent patients from posting negative reviews about them online.
Wired PR News.com – Some doctors have resorted to legal means to try and prevent unhappy patients from giving them negative reviews on the Internet. As reported by the Associated Press (AP), some doctors are now requesting that patients sign waiver agreements […]

More Stock Worries

February 6, 2009


Stocks fall Wednesday amidst fears about companies typically deemed safe.
Wired PR News.com – Investor fears have reached new levels as stocks tumble amidst concerns over companies that are normally viewed as safe. As reported by the Associated Press (AP), Wall Street took a significant loss on Wednesday as the numbers revealed a possible much higher […]

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