P/$ rate stands at P40.64.
The peso rate closed at P40.64 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P40.643. Financial markets will be closed Monday for a public holiday. RLC launches financing scheme Robinsons Land Corporation (RLC)...

Recreational vehicle industry faces challenging year.
Byline: Tim Christie The Register-Guard After a bumpy ride in 2007, the recreational vehicle industry faces more potholes in 2008. The industry - the second--largest private employer locally - shipped 353,400 motor homes, trailers and campers in 2007, down 9.5 percent from the 390,500 shipped...

O'Day appointed to consumer rights committee.
BOSTON - State Representative James O'Day, a West Boylston resident and member of the Democratic Party, has announced that house leadership has assigned him to the Joint Committee on Consumer Protection and Professional Licensure. "I am excited to be working with Co-Chairman Representative Mike Rodrigues, Co-Chairman Senator...

GMAC subsidiary Semperian closing Eugene call center.
Byline: Sherri Buri McDonald The Register-Guard A Eugene call center told employees on Thursday that the center will close on April 30, eliminating 237 jobs. Semperian is a subsidiary of General Motors Acceptance Corp., the financing arm of automaker General Motors. GMAC opened the center,...

PSBank posts P1-B net profit in 2007.
Byline: JAMES A. LOYOLA Philippine Savings Bank (PSBank), the country's second largest thrift bank, posted an unaudited net income of P1.01 billion last year, a 23 percent increase from the P819 million audited net income in 2006. The bank disclosed to the Philippine Stock Exchange...

SEC approves Makati Finance's registration of follow-on offering.
Byline: ANA MARIE MACUJA The Securities and Exchange Commission (SEC) yesterday approved Makati Finance Corporation's (MFC) additional registration of 210 million common shares, paving way for the company's proposed follow-on offering (FOO) this year. Based on a prospectus submitted to the SEC, MFC proposed to...

TSYS Inks Pact with Globalcard of Mexico.
HEALTH AND BEAUTY CLOSE-UP-13 June 2008-TSYS Inks Pact with Globalcard of Mexico(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com TSYS announced that it has signed a payments processing agreement with Globalcard for the launch of its consumer card portfolio. Under terms of the agreement, TSYS will provide account...

Homeowner situation not as bleak as reported.
Americans may own a larger share of their homes than is suggested by a Federal Reserve report, according to a nationwide survey by Ohio State University, Columbus. In its quarterly report, the Federal Reserve says that, in 2007, Americans' percentage of equity in their homes fell below 50% for...

Commercial and consumer credit law - First Circuit properly construes holder in due course doctrine under Massachusetts Law.
Commercial and Consumer Credit Law--First Circuit Properly Construes Holder in Due Course Doctrine Under Massachusetts Law--Jelmoli Holding, Inc. v. Raymond James Financial Services, Inc., 470 F.3d 14 (1st Cir. 2006) Under Massachusetts law, a holder in due course takes a negotiable instrument free from the claims of...

Financial management and young Australian workers.
In two studies of young Australian workers, participants generally displayed positive attitudes towards financial management practices; however, a substantial proportion failed to display positive financial management practices, experienced financial problems and dissatisfaction, and reported low rates of seeking financial assistance, particularly from professional sources. These findings highlight the need...