In December, Nexus Web Development will begin talks with several of the top affiliate programs on the net in order to evaluate monetizing the Nexus Web Development network of sites. With the implementation of an affiliate marketing program, NWD hopes to have the network sites pave the way for the continued growth of the network itself with the eventual goal being to make the network itself the self reliant for all funding for continued growth.

From those programs which NWD will apply, it’s estimated that only the top few (3-5) performing will actually find their way onto the network. Obviously, these top performing programs will help increase the rate of return on the marketing and allow for a mutually beneficial relationship between advertisers, network site users, and the network itself.

The reasoning behind the decision to look into affiliate programs is NWD wanted to determine alternative income streams that would not require cuts in site services to users or the implimentation of tiered services through free and paid memberships. With affiliate income streams, it’s the hope NWD network sites will continue to be 100% FREE of charge to all users.

The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession.

WASHINGTON (Reuters) – The Federal Reserve on Tuesday aggressively cut its target for overnight interest rates to a record low zero to 0.25 percent, and said it would employ “all available tools” to dispel a year-long recession.

Wall Street is applauding an unusual move from the Federal Reserve to cut its target for a key interest rate to the lowest level on record.

The former chief executive of General Re Corp. was sentenced Tuesday to two years in prison and ordered to pay a $200,000 fine for his role in a scheme that cost shareholders of American International Group Inc. more than $500 million.

Goldman Sachs Group Inc. on Tuesday reported its first quarterly loss since it went public in 1999, losing $2.29 billion during its fiscal fourth quarter.

Best Buy Co. Inc. , the nation’s biggest consumer electronics retailer, said Tuesday that its third-quarter profit sank 77 percent as it faced dramatic changes in consumer spending.

The White House sought Tuesday to play down prospects for an imminent bailout for distressed U.S. automakers and suggested any deal requiring taxpayer money will require major concessions by the parties involved.

A record plunge in consumer prices in November puts pressure on the Federal Reserve to act decisively to guard against a debilitating bout of deflation.

The money manager accused of duping investors in one of Wall Street’s biggest Ponzi schemes once boasted to the Securities and Exchange Commission about how much money he earned and formally advised the U.S. government on ways to protect investors from scam artists.