Record U.S. Internet Ad Revenue Reaches 31 Billion
The Interactive Advertising Bureau and PricewaterhouseCoopers report U.S. Internet ad revenue rose to a record 31 billion in 2011, up 22 percent from 2010. Search ads totaled 14.8 billion, mobile ads reached 1.6 billion, and retailers led spending with 7.1 billion. The final quarter brought 9 billion in revenue, a 20 percent rise from 2010.
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IMF Warns European Banks May Cut Lending Slowing Growth
The IMF warned European banks face pressure to preserve capital and could sharply reduce lending over the next two years. The result would be a 0.3 percent euro area contraction in 2012 and 0.9 percent growth in 2013, with credit available shrinking up to 1.7 percent unless policy steps are taken.
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Auto Makers Face Parts Shortage Threat This Year
U S auto industry warns of shortages of plastic resin from a March plant explosion in Germany and broader parts gaps due to plant closures and reduced work forces. Analysts say supply chains could limit vehicles in showrooms and curb a rebound beyond 12.8 million last year, with risks of outages if demand passes 15 million.
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Jim Gillette
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J. Scot Sharland
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EBay posts higher earnings as PayPal fuels growth in Q1
EBay reports Q1 net income of 570 million dollars up from 476 million a year ago, or 44 cents per share. Adjusted 55 cents beat estimates. revenue rises 29 percent to 3.28 billion. PayPal revenue 1.31 billion. active accounts 109.8 million. Donahoe calls quarter an excellent start with growth across businesses.
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