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| No credit for Uncle Sam in creating Net? Vint Cerf disagrees CNET (blog) In the piece, Crovitz cast doubt on the assertion that the U.S. government deserved credit for helping create the Internet. He described the claim as an urban myth. Instead, Crovitz, who said that Xerox deserves the credit, refracted the question through a ... See all stories on this topic » | ||
| RadioShack Credit Swaps Surge to Record After Unexpected Loss Businessweek The cost to protect against a default by RadioShack Corp. (RSH) (RSH) jumped to a record after the electronics retailer reported an unexpected second-quarter loss. Credit-default swaps on Fort Worth, Texas-based RadioShack climbed 4.6 percentage points ... See all stories on this topic » | ||
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| Visa Profit Beats Estimates as Credit-Card Spending Increases Bloomberg Visa Inc. (V), the world's biggest payments network, posted a fiscal third-quarter profit excluding legal costs that beat analysts' estimates as card spending rose. Adjusted net income for the three months ended June 30 climbed to $1.06 billion, or $1.56 a share, ... See all stories on this topic » | ||
| JPM Settles $100M Credit Card Suit - Analyst Blog NASDAQ On Tuesday, JPMorgan Chase & Co. ( JPM ) agreed to settle a credit card lawsuit by paying $100 million in damages. This class-action lawsuit was filed by the cardholders, irked by the company's decision to increase minimum monthly payment on balances ... See all stories on this topic » | ||
| RadioShack Swaps Jump to Record After Unexpected Quarterly Loss Bloomberg Credit-default swaps tied to Best Buy Co. jumped, adding 1.7 percentage points to 15.4 percent upfront, CMA data show. The world's largest electronics retailer is struggling to compete with the likes of Amazon.com Inc., Apple Inc. and Wal- Mart Stores Inc. In ... See all stories on this topic » | ||
| Credit Suisse Invests $300 Million in Rooftop Solar Power Wall Street Journal Banks such as Credit Suisse and U.S. Bancorp (USB), and corporations such as Google Inc. (GOOG) and KKR & Co. L.P. (KKR), have invested hundreds of millions of dollars in rooftop solar systems over the last year as a way to earn a profit while supporting ... See all stories on this topic » | ||
| Major Retailers Oppose Swipe Fee Settlement Forbes Click for full photo gallery: Ten Top Credit Card Choices From College To Retirement. Many analysts considered the $7.25 billion credit card interchange fee settlement to be a significant victory for retailers. But the world's two largest retailers, Walmart and ... See all stories on this topic » | ||
| Sacramento councilman: Audit credit card use soon in wake of scandal Sacramento Bee (blog) Councilman Steve Cohn, the chair of the council's audit committee, told me today he wants City Manager John Shirey to find a way to push up a planned audit of citywide credit card use. City Auditor Jorge Oseguera had not planned to launch that audit until ... See all stories on this topic » | ||
| Zale soars as co. secures new credit line Businessweek DALLAS (AP) — Jewelry chain Zale Corp.'s shares soared Wednesday after it got a new credit line, reworked other debt to save on interest and said sales are continuing to grow after the company struggled during the recession when shoppers pulled back on ... See all stories on this topic » | ||
| Visa Europe May Get Antitrust Complaint on Credit Cards, EU Says Bloomberg Almunia said earlier this month that he hoped the operator of the largest payment-card network in the 27-nation EU would reduce cross-border fees for credit cards and deferred-debit transactions to the same level as MasterCard Inc. (MA) He said in May that ... See all stories on this topic » | ||
| BlueMountain Credit Fund Is Up 10.17% in First-Half 2012; No Mention of JP ... Wall Street Journal NEW YORK--Hedge-fund manager BlueMountain Capital Management LLC posted a 1.43% gain for June in its $4.5 billion Credit Alternatives Fund, bringing its gain for the first half of the year to 10.17%, according to a letter sent to investors this week. See all stories on this topic » | ||
| Credit rating agency downgrades Duke Energy News & Observer Credit-rating agency Standard & Poor's downgraded Duke Energy on Wednesday, saying the utility's lack of transparency about its abrupt firing of ex-Progress CEO Bill Johnson may harm its ability to win rate increases in North Carolina and Florida. See all stories on this topic » | ||
| TEXT-S&P may cut OJSC Oil Co. Rosneft long-term issuer credit rtg Reuters (The following statement was released by the rating agency) Overview -- Russia's state-controlled OJSC Oil Co. Rosneft has announced its intention to negotiate the purchase of a 50% stake in Russian oil company TNK-BP International Ltd. from BP PLC. See all stories on this topic » | ||
| Banks' credit clampdown seen tightening-ECB Reuters Banks see steady tightening of loan standards in Q3 * Demand for credit to remain weak * Survey findings underscore policy dilemma for ECB By Eva Kuehnen FRANKFURT, July 25 (Reuters) - Banks expect to toughen their lending rules further in coming ... See all stories on this topic » | ||
| Consumer Bureau Bashed By Banking Insiders, Cato Analyst Huffington Post New regulations from the agency, created in the aftermath of the financial crisis to protect consumers from predatory lending and other deceptive practices, have increased the cost of credit, and that translates to about 150000 fewer jobs, according to Mark ... See all stories on this topic » | ||
| BNP, Credit Agricole Seek to Escape Euro Area's 'Shifting Sands' Bloomberg BNP Paribas, Credit Agricole, Societe Generale SA and Natixis SA (KN) provide 150 billion euros from operations at home to fund their businesses in Italy, Spain, Greece, Portugal and Ireland, according to Morgan Stanley. Kepler estimates the amount just for ... See all stories on this topic » | ||
| Moody's to consider downgrading city of Miami's credit rating MiamiHerald.com Moody's announced Wednesday it has launched a review of Miami's credit rating over allegations by the U.S. Securities and Exchange Commission that the city misled bond investors by manipulating budget figures. A downgrade would likely force Miami to ... See all stories on this topic » | ||
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| Ford Credit Earns $296 Million Net Income In The Second Quarter Of 2012* MarketWatch (press release) DEARBORN, Mich., July 25, 2012 /PRNewswire via COMTEX/ -- Ford Motor Credit Company reported net income of $296 million in the second quarter of 2012, compared with $383 million a year earlier. On a pre-tax basis, Ford Credit earned $438 million in ... See all stories on this topic » | ||
| Banks' credit clampdown seen tightening: ECB Reuters FRANKFURT (Reuters) - Banks expect to toughen their lending rules further in coming months and see feeble demand for loans from firms and consumers, underscoring the dilemma European Central Bank policymakers face as they try to revitalize the euro ... See all stories on this topic » | ||
| 10 signs you might be a credit card geek Fox Business A credit card geek knows that a FICO score doesn't really measure whether you can take on a huge new mortgage or auto loan. Credit scores just reveal how good you are at managing the accounts you already have. If you can get each of your accounts to ... See all stories on this topic » | ||
| More Credit Cards Without Foreign Transaction Fees New York Times (blog) With the summer travel season in full swing, you may be looking for credit cards that don't charge foreign transaction fees. The Web site CardRatings.com has identified three dozen cards that don't charge these fees. The annoying fees, also known as ... See all stories on this topic » | ||
| TEXT-S&P cuts Peugeot's corp credit rating to 'BB', outlook is negative Reuters Overview -- European carmaker Peugeot's first-half 2012 results showed further deterioration against the lackluster ones already reported for second-half 2011. -- The company is burning substantial cash flow in its core automotive operations, leaving little ... See all stories on this topic » | ||
| ECB: Banks' Credit Standards Tightening Broadly Stable in 2Q Wall Street Journal FRANKFURT--Euro-zone banks tightened their credit standards in the second quarter of this year at broadly the same pace as in the first quarter, despite the region's deepening sovereign debt crisis, deteriorating funding conditions, and their ongoing balance ... See all stories on this topic » | ||
| Credit Suisse Invests $200 Million in Sunrun Solar Roofs Businessweek This financing arrangement is spurring wider use of rooftop power projects, said Jerry Smith, managing director of the Credit Suisse Strategic Transactions Group. "The residential solar market is thriving right now, and the model Sunrun created for affordable ... See all stories on this topic » | ||
| Excel Trust Improves Terms of Unsecured Credit Facility Reuters Excel Trust Improves Terms of Unsecured Credit Facility. Excel Trust, Inc. (NYSE:EXL), a retail focused real estate investment trust (REIT), announced today that it has completed an amendment to its unsecured credit facility. As a result of the amendment, the ... See all stories on this topic » | ||
| Fewer employers use credit checks to screen applicants, study finds Kansas City Star Furthermore, among employers that use credit checks, 8 out of 10 said they had hired candidates who had poor credit reports, and two-thirds said they allowed candidates to explain why their credit information was negative. According to the 2012 report, ... See all stories on this topic » |
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