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News For Category: banking

09.04.2010

Texas opens inquiry into Google search rankings: [AP] - Google Inc.'s methods for recommending websites are being reviewed by Texas' attorney general in an investigation spurred by complaints that the company has abused its power as the Internet's dominant search engine.
Stocks extend September rally after jobs report: [AP] - The stock market had its first winning week in a month thanks to better news on the economy. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains.
Recession weary Britons indulge in retail therapy: [AP] - In the wake of a deep recession, Britons are indulging in some retail therapy with the click of a mouse button. As spending in malls and stores remains sluggish, the strength of online fashion sales is enticing big-name international retailers to join the rush into cyberspace.
Chains try to score with fantasy football players: [AP] - Fantasy football means real business for restaurants, and some big chains have launched promotional drives to score with dedicated players of the growing pastime.
Brave New World of Financial Legislation: [Morningstar] - We expect lower bank profitability but a more stable financial system.
Should you stretch out a refinance?: [Bankrate.com] - It might make more sense to increase the length of your mortgage to free up some cash.
Don't tap retirement fund to pay off mortgage: [at MarketWatch] - In this week's Realty Q&A, a retiree says his only debt is his $94,000 mortgage, and he wonders whether he should tap his 401 to pay off that bill. Lew Sichelman offers some advice.
No bank account? Get your tax refund on plastic: [AP] - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.
Markets start September with a bang; Dow up 255: [AP] - The fear that has been hanging over markets for most of August lifted on Wednesday. For how long remains anyone's guess.
New credit-card tricks snare consumers: [at MarketWatch] - Just when you thought it was safe to trust your credit-card issuer again, along come new warnings about how they might be scamming you, reports Jennifer Waters.
NY appeals court halts Indian cigarette tax plan: [AP] - The latest in a tangled series of state and federal court decisions has halted New York state's plan to collect taxes on cigarettes sold by Native American retailers to non-Indian customers.
U.S. Financial Firms Making Money, But 'Bad Banks' Rising: [Investor's Business Daily] - Profits at financial institutions climbed the most in three years in the second quarter, but the list of bad banks also rose, suggesting the industry at the heart of the 2008 financial crisis remains in fragile health.
Consumers go from 'severely depressed' to just 'depressed': [CNNMoney.com] - A key measure of consumer morale made a surprising turn higher in August, but Americans still feel jittery about the economy.
5 ways to rebuild credit after bankruptcy: [Bankrate.com] - It's possible to improve your credit even before the bankruptcy is off your record. Here's how.
Do you need a virtual wallet?: [Bankrate.com] - Before registering your financial data with a site like PayPal, consider these three factors.
Perfect weather sparks New England tourism rebound: [AP] - Months of perfect weather in northern New England have helped the region's tourism industry rebound from a dismal 2009, but consumers still wary of the economy have been tight with their money and shopping for bargain-basement prices.
Schwab acquires ETF specialist Windward for $150M: [AP] - Retail brokerage Charles Schwab Corp. said Monday it is buying Windward Investment Management Inc. for $150 million in stock and cash, expanding Schwab's presence in the fast-growing exchange-traded funds business.
A 15-year mortgage isn't for everyone: [at MarketWatch] - A growing number of homeowners are choosing to pay down their mortgages at a faster rate -- even if it means a substantial jump in their monthly payments.
Bank of America online banking down for 4 hours: [AP] - Bank of America Corp. says its online banking service was down for about four hours but service has been restored. A representative for the nation's largest bank, Tara Burke, declined to specify a reason for Friday's outage except to say that it was a "temporary system" issue.
Earnings Smackdown: [TheStreet.com] - Declining business trends could send WWE stock down toward $10 in the coming quarters.

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