Archive for November, 2008

Retailers target banks over credit-card fee

The subprime mortgage crisis is giving department and convenience stores and gas stations a new argument in asking Congress for power to negotiate the fees banks charge them to process credit-card transactions. (15 mins ago)

Survive shopping season with your budget intact

RALEIGH, N.C. The Christmas Countdown is fully under way. Black Friday is behind us, and for the next month you will be charmed, pitched and enticed. Your emotions will be tugged upon. Eyelashes may be batted. (14 mins ago)

Critics say latest bailout shouldn’t help private student lenders

Student advocacy groups are urging the Treasury Department to prevent a new $200 billion consumer lending program from benefiting private student lenders, which they say are largely unregulated and prey on students with risky, high-interest loans. (3 mins ago)

Terror holds Mumbai hostage

Close to 24 hours after one of the most violent terror attacks on Indian soil, security forces were still engaged in a grim battle to flush out terrorists holed up at Oberoi Trident in south Mumbai. Another siege was in progress at Nariman House, an office building that houses a Jewish centre. (5 mins ago)

Consumer spending drops 1 percent in October

WASHINGTON As the financial crisis was gaining force, Americans cut back on their spending in October by the largest amount since the 2001 terrorist attacks. (3 mins ago)

Bad news doesn’t faze Wall Street

Despite a series of grim economic reports, stocks extend their three-day rally. (2 mins ago)

ANALYSIS: Why Citi had to be rescued

WASHINGTON —- Taxpayers may be wondering why they’re forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. (24 mins ago)

Small Business: Financial health assessment is vital

NEW YORK — One of the most important tasks for small-business owners is a year-end checkup of their companies’ financial health. It’s even more critical now as the economic downturn persists. (6 mins ago)

Small Talk: Year-end planning gets more complex for businesses

One of the most important tasks for small business owners is a year-end checkup of their companies’ financial health. It’s even more critical now as the economic downturn persists. (5 mins ago)

Georgia’s Community Bank Closes, Bought by Bank of Essex

Community Bank became the latest in a string of retail bank failures in the last few weeks. (4 mins ago)