According to BBC news HSBC has announced a great job cuts worldwide, so in sole UK this banking giant will lay off 500 employees. The only reason for such considerable changes was "a review of the business and current economic conditions". Earlier in September HSBC has announced 1,600 job cut. HSBC said the latest job cuts represented less than 1% of its 58,000 UK workforce.

DU is going to be one of the leading Internet companies. It will join the eBay, Amazon, Overstock and Decatur utilities starting December 8.

However, it is different from listed companies. It will prepare for its own Cyber Monday. Being a part of powerful Internet world offers more opportunities to conduct business online. So it is expected that twenty-four hours a day, seven days a week, DU will accept bill payments by credit cards, debit cards and check online. 

Lately some users of AlertPay payment processor failed to enter their accounts and the company’s site as a whole. The greatest troubles took place on Sunday. The same day Ferhan from AlertPay Customer Support service has put a small notice on the company’s forum explaining the situation:

NOTICE: SERVER OUTAGE DUE TO DDOS ATTACK -PLEASE USE ALTERNATE SITE: https://67.205.87.226 

A new product will be introduced by Alltel Wireless on the platform from mFoundry as announced by the company. Using mFoundry’s extensible mobile wallet solution Alltel is to create the Alltel Wallet, which will initially provide access to a consolidated mobile banking experience, providing customers with access to a wide variety of U.S. financial institutions.

A report in Sunday Times on the so-called Microsoft Yahoo deal was recognized as “total fiction”. It is proved by AllThingsDigital blog which is known as rather influential and competent Internet source. 

According to Sunday Time’s information the proposal under discussion involves a complex transaction that would see the Microsoft support a new management team to take control of Yahoo.

The recent events that have taken place in the US have caused great disputes and hot discussions. Giles from Zopa payment processor that has recently refused its operation in US due to some inconviniences on the marketspeaks about the current events and company's quit from the USA.

The World Bank (WB) and the International Monetary Fund think positively of Zambia’s financial system. It was found out as robust and considered capable to overcome considerable capital shocks because of high capitalization levels.

Nielsen recorded eBay with 14.447 million unique users during October 2007 which rose gradually to a record of 15.841 million unique users last month. That's year-on-year increase of 9.6%, according to Nielsen.

So how can eBay be losing 10% of users in a year in the US, while it gains 9% the UK ? Analyst Jim Clark of Mintel said there's a obvious credit crunch factor: "UK consumers are the most sophisticated in Europe and it makes sense that they are trying to do more online to increase the value of the pound," he said.

According to the recent investigation of the INQ a variant of the extremely popular Nigerian 419 scam is possible via Paypal. The company understanding the ineptitude of this statement has provided some proofs.  

The 419 scam is named after the relevant section of the Nigerian Criminal Code and the premise is always the same. Somebody offers to pay money into your account and give you a cut when you send it back.