The Cheapest Days to Buy a Car, Gas, Air Tickets, Hotel Rooms, Clothing, etc.

23 07 2007

According to Yahoo Finance (provided by smartmoney.com), the best days of the week to buy certain items are: (http://finance.yahoo.com/family-home…-certain-items)

Airplane Tickets
When to Buy: Wednesday morning.
Why: “Most airfare sales are thrown out there on the weekend,” says travel expert Peter Greenberg, a.k.a. The Travel Detective. Other airlines then jump into the game, discounting their own fares and prompting further changes by the first airline. The fares reach their lowest prices late Tuesday or early Wednesday.

Cars
When to Buy: Monday
Why: “Car dealers live for the weekend, which is when they make most of their sales,” says Phil Reed, consumer advice editor for Edmunds.com. “On Mondays, the low foot traffic makes it seem like the weekend will never come.” That dealer desperation, paired with fewer consumers on the lot, give you more negotiating power.

Gas
When to Buy: Thursday, before 10 a.m.
Why: The price of oil isn’t the only factor influencing costs at your local pump. Consumer usage plays a role, too — and weekend demand is high, says Jason Toews, co-founder of GasBuddy.com, a price-monitoring site. Prices usually swing upward on Thursdays as travelers fuel up to head out the following day. By hitting the pump before 10 a.m. (when many station owners change their prices), you’ll beat the rush and the price jump.

Hotel Rooms
When to Buy: Sunday
Why: There are two kinds of hotel managers, and the kind that won’t give you a discount on your room rate has Sundays off, says Greenberg. Call the hotel directly, and ask to speak with the manager on duty or the director of sales. These employees are open to negotiation, he says. They’d rather have a booked room at a discounted rate than an empty room. (The rest of the week, your call would get you a so-called revenue manager, who monitors profits — and is rarely willing to lower rates.)

Clothing
When to Buy: Thursday evening.
Why: That’s the day when stores stock their shelves for the weekend, and when many retailers — including Ann Taylor, Banana Republic and Express — start their weekend promotions, says Kathryn Finney, author of “How to Be a Budget Fashionista.” You’ll find great prices and the best selection. “It’s an effort to get people to shop in the middle of the week,” she says.

Hopefully this info helps.





Netflix to Lower Online DVD Rental Fees By $1.00

23 07 2007

Netflix is loweiring its online DVD rental fees by $1.00 per month. OOooo..an extra whole dollar for the month or a little more than 3 cents a day. Awesome! :cool:

Source: Associated Press

SAN FRANCISCO (AP) – Online DVD rental pioneer Netflix Inc. is lowering the price of its two most popular subscription plans by a $1 per month, relinquishing millions of dollars in revenue in an attempt to regain the upper hand in a cutthroat battle with rival Blockbuster Inc.

With the reductions announced Sunday, Netflix will charge $16.99 per month for a plan that allows subscribers to keep up to three DVDs at a time with no limit on how frequently the discs can be mailed back in return for another movie. The price for a similar plan that lets customers keep one DVD at a time will fall to $8.99 per month.

The price cuts, which take effect Tuesday, match the fees charged by Blockbuster for similar online-only services.

Earlier this year, Los Gatos-based Netflix knocked $1 off two other plans that had previously cost $14.99 and $5.99 per month.

The latest changes will have a bigger impact on Netflix’s finances because the price reductions are being made on the two plans that are most widely used by the company’s 6.8 million subscribers. Netflix declined to specify how many subscribers use each plan.

Management is expected to quantify how much the price cuts will dent its future profits in a Monday afternoon conference call scheduled to be held after the company releases its second-quarter earnings.

Netflix’s stock price already has dropped 24 percent so far this year amid worries about tougher competition from Blockbuster and video downloading services offered by much-larger companies like Apple Inc. and Amazon.com Inc.

When Netflix last cut the prices of its most popular plans in late Chief Executive Officer Reed Hastings predicted the short-term financial pain would be worth the long-term market-share gains.

That prediction panned out. Netflix has added 4.5 million subscribers since lowering the price of its three-DVD plan from just under $22 in November 2004. The company also is making a lot more money, with earnings of $49 million last year compared with a $6.5 million profit in 2003.

But Netflix’s momentum has tapered off since Dallas-based Blockbuster unveiled a new option in its own online service late last year.

For an additional $1 per month, Blockbuster gives online subscribers the flexibility to return and check out some DVDs in its stores at no additional cost. That convenience represents a significant advantage over Netflix, where all DVD deliveries are made through the mail—a limitation that means subscribers have to wait at least two days before receiving a new movie.

Netflix offers a selection of more than 2,000 movies and television shows that can be streamed over Internet-connected personal computers for subscribers who don’t want to wait for their next disc to arrive in the mail.

Acknowledging Blockbuster has been eroding its market share, Netflix in April warned Wall Street that it won’t add as many subscribers this year as it originally envisioned.

Stepping up its attack on Netflix also has been hurting Blockbuster, which has had to spend more heavily on DVDs to ensure sure its stores have enough discs to keep up with the additional demand from its roughly 3 million online subscribers. The company lost $49 million in the first quarter.

Blockbuster may not be willing to endure those kinds of losses much longer, especially with the recent hiring of a new CEO, James Keyes. In a Securities and Exchange Commission filing last month, Blockbuster said it will modify its online service “to strike the appropriate balance between continued subscriber growth and enhanced profitability.”





UK Teen Buys PS2 on eBay, Receives Box of Cash Instead

23 07 2007

So you win a PS2 on eBay, make the payment to the seller, and a few days later a box arrives at your house. But to this kid’s amazement, instead of a PS2 it was a box full of cash…lots of cash! $$$ If this happened to you, what would you do? Stay quiet and keep the cash, living with the fear that someone may show up looking for their 90 grand at your doorstep, or keep the 90k and move out of town!

A British teenager who bought a Sony PlayStation 2 on eBay for £95 ($194) got more than he bargained for when he opened the package. Instead of a shiny, happy gaming console, there was a whole heap of euros – €65,400 ($90,000) to be precise—stacked neatly inside. A spokesman for eBay said that the parcel’s contents were “somewhat unusual,” but that they would help the police in any way they could. When the parcel arrived, on March 20, the boy’s parents contacted the Norfolk Constabulary, who are now holding the money under the Proceeds of Crime Act. If the owner does not come forward by September 22, then the family can apply to have the cash returned to them—unless the police apply to hold onto the money for a longer period.





Microsoft Xbox 360 Sales Plunge 60% As Problems Mount

23 07 2007

A couple of weeks after Microsofts announcement to spend $1 Billion to fix defective XBox 360s, the sales of new 360 units have drastically declined.

Microsoft said it shipped 700,000 Xbox 360 units in its latest fiscal quarter, compared to 1.8 million in the same quarter in 2006.
Microsoft’s growing troubles with the Xbox 360 video game console appear to be catching up to the company. Sales of the gaming machine plunged 60% in the fiscal fourth quarter, Microsoft disclosed Thursday.

In its earnings statement for the quarter, Microsoft said it shipped 700,000 Xbox 360 units during the period, compared to 1.8 million in the fiscal fourth quarter of 2006 — a fall off of 61%.

Microsoft’s Xbox operations are housed within the company’s Entertainment and Devices Division. The group saw fourth quarter revenue drop 10% year-over-year to $1.16 billion on an operating loss of $1.20 billion. The group lost $423 million the previous year.

Microsoft blamed the 183% increase in the EDD operating loss on a $1.06 billion charge against earnings that the company incurred to cover the cost of extending the warranty period for the Xbox 360 to three years. The move came following Microsoft’s recent admission that the gaming system was suffering from an “unacceptable” number of general hardware failures. Microsoft has also been hit with two class action lawsuits in the past two weeks claiming that a design flaw in the Xbox 360 causes the system to irreparably scratch game discs. Microsoft has denied the claim.

Earlier this week, Microsoft announced that Xbox chief Peter Moore was leaving the company “for personal reasons.” It was later disclosed that he had jumped ship to video game publisher Electronic Arts.

In the meantime, rivals Sony and Nintendo have been stepping up competitive efforts. Sony recently announced a $100 price cut on certain PlayStation 3 units while Nintendo continues to enjoy robust sales of its new Wii system.

Microsoft introduced the Xbox 360 in November 2005. It has since shipped 11.6 million of the consoles. The company is doubtless looking forward to the holiday 2007 season and hoping that new game releases like Halo 3 revive the Xbox 360’s flagging fortunes. Microsoft on Thursday said overall profits in the fourth quarter increased 7% to $3 billion, while revenue increased 13% to $13.4 billion.





IPhone Flaw Lets Hackers Take Over, Security Firm Says

23 07 2007

Hackers have found a way to hack into the iPhone using exploits via the built in Safari browser:

Source: New York Times

A team of computer security consultants say they have found a flaw in Apple’s wildly popular iPhone that allows them to take control of the device.

The researchers, working for Independent Security Evaluators, a company that tests its clients’ computer security by hacking it, said that they could take control of iPhones through a WiFi connection or by tricking users into going to a Web site that contains malicious code. The hack, the first reported, allowed them to tap the wealth of personal information the phones contain.

Although Apple built considerable security measures into its device, said Charles A. Miller, the principal security analyst for the firm, “Once you did manage to find a hole, you were in complete control.” The firm, based in Baltimore, alerted Apple about the vulnerability this week and recommended a software patch that could solve the problem.

A spokeswoman for Apple, Lynn Fox, said, “Apple takes security very seriously and has a great track record of addressing potential vulnerabilities before they can affect users.”

“We’re looking into the report submitted by I.S.E. and always welcome feedback on how to improve our security,” she said.

There is no evidence that this flaw had been exploited or that users had been affected.

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