Americas Watchdog is calling for a national boycott of specific U.S. banks or stock brokerage companies that deceived tens of thousands of US citizens with lies or falsehoods regarding risky investments called "auction rate preferred shares" (ARPS) or "auction rate shares" (ARS). According to Americas Watchdog, "name brand U.S. banks and stock brokers stuck unsuspecting U.S. citizens with extremely exotic securities calling them no risk and just like cash, and now these unfortunate citizens cannot get their money back." Americas Watchdog will start putting up web sites naming specific banks, stock brokerage firms and financial institutions involved in this gigantic fraud and the group will ask all U.S. citizens to find another bank or more trustworthy stock broker." According to the group, "U.S. banks and major stock brokerage firms have put tens of thousands of U.S. consumers through hell, and now its time for pay back." (PRWeb Apr 16, 2008)

Read the full story at http://ww1.prweb.com/releases/2008/04/prweb853634.htm

Central Desktop, the Complete Business Collaboration platform for business teams, today announced a $7M investment from OpenView Venture Partners. The funding is the company's first round of institutional investment and will be used to further accelerate Central Desktop's R&D, marketing and sales efforts into the under-served SMB market that requires robust business tools with ease of use at affordable prices. The company now serves over 125,000 users and business teams as its approach to Business Collaboration continues rapid adoption in the SMB market. In related news, Central Desktop was named a finalist in both the 2008 Red Herring 100 and SoftwareCEO's Most Innovative General Business Software Awards. (PRWeb Apr 16, 2008)

Read the full story at http://ww1.prweb.com/releases/central/desktop/prweb865564.htm

Reuters - Sallie Mae, the largest U.S.
student loan company, posted a first-quarter net loss on
Wednesday, hurt by losses on derivatives, and said it cannot
continue lending at a profit in the current environment.

Reuters - Sallie Mae , the largest U.S.
student loan company, posted a first-quarter net loss on
Wednesday and said it cannot continue lending at a profit amid
the credit crunch.

BD Nationwide Mortgage introduces new loan limits for FHA mortgage refinance and home purchase loans. The increased loan limits for FHA mortgages offer a unique opportunity for homeowners to refinance into a lower interest rate loan that is fixed with 15 or 30-year terms. The lender is excited to release the FHA refinance loan that allows cash out up to 95% loan to value. This unique government insured mortgage product allows homeowners to escape their adjustable rate mortgage that has been draining their savings. (PRWeb Apr 16, 2008)

Read the full story at http://ww1.prweb.com/releases/mortgage/refinance/prweb863084.htm

Reuters - Thomson Reuters Corp debuted on
Thursday as a top global information company, hoping a
portfolio of products from financial to legal and health-care
will help it ride out a financial industry downturn.

Reuters - EBay Inc posted a 22
percent rise in quarterly net profit, topping Wall Street's
average estimate, as pricing changes increased online auction
listings and pushed revenue above all forecasts.

ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure with daily auction updates; today issued it's California Foreclosure Report. March data indicates California's foreclosure crisis is accelerating and suggests that the normalization of the state's real estate market is still far from complete. (PRWeb Apr 16, 2008)

Read the full story at http://ww1.prweb.com/releases/foreclosure/report/prweb862844.htm

Reuters - EBay Inc posted a 22
percent rise in quarterly net profit, topping Wall Street's
average estimate, as pricing changes increased online auction
listings and pushed revenue above all forecasts.

During an upcoming meeting of International Accounts Payable Professionals, experts from APEX Analytix will showcase best practices and new technology that can help companies improve their bottom line. They will focus on ways to combat vendor fraud, improve accounts payable processes and benchmark performance. The company also will showcase the latest versions of its industry-leading FirstStrike™ software for the detection and prevention of accounts payable errors. (PRWeb Apr 16, 2008)

Read the full story at http://ww1.prweb.com/releases/2008/04/prweb859154.htm