By Admin on 01-02-2010
Tagged Under : 2012
Tiny Dutch automaker Spyker Cars NV, the new owner of Saab Automobile, said on Tuesday that it expects the Swedish brand to turn a profit by 2012.
It appeared last month that Saab was all but dead: a last-minute bid by Spyker was rejected, and the Swedish company’s previous owner, General Motors, was expected to wind the brand down. But last week GM and Spyker announced that the sale of Saab was successfully completed – contingent upon several hundred million dollars in loans from the European Investment Bank.
“I’m very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere,” GM Europe president Nick Reilly said last week.
The Swedish government pushed hard for the survival of the Saab brand, which became a wholly-owned subsidiary of GM in 2000. An estimated 3,500 Swedish jobs were at stake.
Spyker’s profit forecast assumes that the roll-out of the new 9-5 large midsize sedan later this year will be successful. Read more…
Tenant Exclusion Endorsement inconsistent with Standard Mortgage Clause and therefore unenforceable.
Hum v. Grain Insurance and Guarantee Co., [2009] A.J. No. 1351, December 4, 2009, Alberta Court of Queen’s Bench, R. Stevens J.
The Applicants sought a Declaration of Coverage, as mortgagees, under the Standard Mortgage Clause in a fire insurance policy. The policy was issued by the Respondent Insurer to an Insured who was not a party to the proceedings. The Insurer had denied coverage on the basis of a Tenant Exclusion Endorsement which provided that loss and damage caused directly or indirectly by vandalism or criminal or malicious acts was excluded. The fire had been deliberately set by the property’s tenant. The Applicants argued that the Standard Mortgage Clause was all encompassing and should prevail over the Tenant Exclusion Endorsement. The Court agreed finding that while the Tenants Exclusion Endorsement expressly excluded coverage for loss or damage resulting from malicious or criminal acts, it was inconsistent with the Standard Mortgage Clause which protected the Applicants from any act of the occupants and expressly stated that it superseded any policy provisions in conflict with it. The Tenant Exclusion Endorsement was therefore unenforceable.
This case was originally digested by Cameron B. Elder
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Many of us know the feeling of getting our car insurance bill and thinking, “Again!? Didn’t I just pay this!?” Car insurance is one of those unavoidable (in most states) expenses. AOL Autos wanted to find out from an insider exactly what goes into those prices and what we can do to keep our car insurance costs down. We talked to Patrick Lawson, a 25-year veteran auto insurance agent.
The Bottom Line: Premiums
Have you ever wondered how they come up with these numbers? Lawson mentioned the common factors like age, sex, car type and driving record but also noted a new, little known factor. “Companies are now, of all things, checking credit because people with poor credit, statistically, can be susceptible to more claims,” he said. He explained that some people in these cases are more apt to file a claim instead of settling it themselves because they might not have the means to handle it any other way.
“Insurance is nothing but numbers, and that’s all the industry has to go on is how they make these number come out.
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So you’re an avid stock investor and/or trader. If you’re interested in expanding your portfolio with options trading or you’re looking for a new online stock broker that has strong support for both stock investors and options traders, then you might want to get to know OptionsHouse. This broker offers low rates and even some commission-free trades. Let’s jump right into the details of OptionsHouse:
OptionsHouse Review: Brokerage For Stock & Options Trading
Pricing and Commission Rates
For stock trades, they’re available at a flat rate of $2.95. Note that you’ll also pay $.0005 per share if the stock you’re interested in is $2.00 or less and isn’t options-eligible. This is one of the cheapest stock brokers around, as a lot of brokers I’ve seen charge $10 or more per trade.
You have a few choices when it comes to picking your rates for options trading. If you intend to keep your account low-volume, you’re likely to appreciate the Up to 5 for $5 rate. Those who want to t
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By Admin on 31-01-2010
Tagged Under : Rewards
If you haven’t been credit card shopping recently, you’d be amazed at the variety offered today. In addition to the different interest rates, the extent of rewards or perks offered is vast. There are cards offered to fit everyone’s needs. Good credit, bad credit, in between, 0% APR introductory offers, sky miles, cash back,… just to name a few.
Of course the financial experts would tell you to watch that credit card debt, pay off the balance every month so you don’t hav…
If you haven’t been credit card shopping recently, you’d be amazed at the variety offered today. In addition to the different interest rates, the extent of rewards or perks offered is vast. There are cards offered to fit everyone’s needs. Good credit, bad credit, in between, 0% APR introductory offers, sky miles, cash back,… just to name a few.
Of course the financial experts would tell you to watch that credit card debt, pay off the balance every month so you don’t have to pay interest. If you do have high balances the experts would also tell you to take out a loan on your home so you could get a lower interest rate and tax advantage too. But that’s not always realistic or possible for some. Perhaps they just bough
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