Category Archives: Credit

Four companies left in the AAA club

By doris | Published: August 8, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — There are currently four U.S. companies that have a better credit rating than their own country, according to Standard & Poor’s: Automatic Data Processing, Exxon Mobil, Johnson & Johnson, and Microsoft. “There’s a certain amount of irony having AAA companies in an AA country,” said Kevin Giddis, [...]

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U.S. may lose top credit rating soon

By doris | Published: July 16, 2011

Full Story at msnbc.com NEW YORK — The United States could lose its top notch credit rating and that has made its largest creditor, China, nervous. Standard & Poor’s has warned U.S. lawmakers privately that it would downgrade the country’s debt if the Treasury Department is forced to prioritize payments because Congress does not raise [...]

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Central bankers agree on bank capital surcharge plan

By doris | Published: June 25, 2011

Full Story atnews.Yahoo.com BASEL, Switzerland/LONDON (Reuters) – Global banking regulators have agreed on a proposal to slap an extra capital charge on the world’s biggest banks to make them safer by 2019. The surcharge is part of a series of regulatory reforms launched in response to the financial crisis, which forced countries worldwide into costly [...]

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Banks are lowering credit card rates in response to CARD Act

By doris | Published: March 9, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — More than a million Bank of America customers saw their credit card rates decrease last month, the nation’s largest credit card issuer confirmed this week. And more cuts are coming from all the big banks. The rate declines come as a result of the CARD Act, which [...]

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China: The new landlord of the U.S.

By doris | Published: January 18, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — If you owed somebody a lot of money, let’s say for the sake of argument nearly $900 billion, you probably wouldn’t want to make this creditor angry, right? Tell that to President Obama, Treasury Secretary Tim Geithner and several members of Congress.

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10 Market Bubbles That Could Soon Burst

By doris | Published: November 10, 2010

Full Story at DailyFinance.com The president of the Minneapolis Federal Reserve, Navayana Kocherlakota, recently published a paper in which he argues that government guarantees helped fuel the bubble in real estate. While his paper was largely aimed at prescribing solutions to this problem, it raises the question: What other bubbles are lurking out there in [...]

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Manage your money like a woman

By doris | Published: November 9, 2010

Full Story at Money.cnn.com Sure you want to help your children. But women too often lend a hand at the expense of their own long-term security: Half of female breadwinners say they’ve cut back on saving for retirement to spend more on their kids and grandkids, according to Ameritrade. If your adult child is having [...]

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PayPal dives into mobile payments

By doris | Published: October 27, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — PayPal’s online payment service is ramping up its focus on smartphones. Right now, it’s tough for mom-and-pop outfits to easily accept mobile payments. PayPal hopes to bridge that gap with a new project called “Titanium+Commerce,” announced Tuesday at a company conference.

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Tab for Fannie, Freddie could soar to $363B

By doris | Published: October 23, 2010

Full Story at msnbc.com WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac. That figure would be nearly twice the amount Fannie and Freddie have received so [...]

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7 fees you should stop paying right now

By doris | Published: October 22, 2010

Full Story atTODAY.msnbc.msn.com The little things add up in life, and the same is true for the annoying fees you pay for your credit cards, cell phone service and other features of modern daily life. Here are seven fees you can stop paying right now to easily save hundreds of dollars a year, or even [...]

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Retail sales rise more than expected in Sept.

By doris | Published: October 18, 2010

Full Story at msnbc.msn.com WASHINGTON — Americans spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September. Retail sales rose 0.6 percent in September, the Commerce Department reported Friday. That followed an even better 0.7 percent August increase, the biggest advance since March. Excluding [...]

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Blockbuster files for bankruptcy

By doris | Published: September 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Blockbuster filed for bankruptcy Thursday in its latest attempt to overcome nearly $1 billion in debt. The movie rental store’s U.S. businesses filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. As part of its recapitalization plan, Blockbuster (BBI, [...]

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Plastic panic: Visa, MasterCard in bargain bin

By doris | Published: September 11, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The second most famous quote from the movie “The Graduate” — the top undoubtedly has to be “Mrs. Robinson, you’re trying to seduce me.” — is the one where Mr. McGuire wants to tell Dustin Hoffman’s Benjamin “just one word” about his future. Investors humbly disagree. Before [...]

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N.Y. colleges to protect students on credit cards

By doris | Published: September 8, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The 64-campus State University of New York (SUNY) system, one of the largest state systems in the nation, adopted a set of reforms on Tuesday aimed at protecting students from deceptive credit card practices. The reforms, developed by New York Attorney General Andrew Cuomo, stem from an [...]

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