Biz.PeanutButterNews.com

Full Story at news.Yahoo.com

MUMBAI, India – Indian authorities are scheduled to meet Monday evening to decide whether to ban some BlackBerry services in India, one day ahead of a government-imposed deadline for the device’s maker Research In Motion Ltd. to give security agencies access to encrypted data.

Home Secretary G.K. Pillai will meet officials from the Department of Telecommunications, the Intelligence Bureau and the National Technical Research Organization — a cyber intelligence organization — to discuss BlackBerry security issues, Home Ministry spokesman Onkar Kedia said by phone from New Delhi.

He declined to discuss details of the talks, which will determine whether some one million BlackBerry users in India will be able to use their corporate e-mail and instant messaging services after Tuesday.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — The House of Representatives voted Tuesday to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit.

But the Senate had better act fast – the deadline is currently Wednesday.

The bill doesn’t help anyone currently shopping for a home. Buyers must have signed a contact by April 30 to qualify for the tax break. At issue is when the deal must be finalized.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that.

Employment experts say they believe companies are increasingly interested only in applicants who already have a job.

Full Story at msnbc.com

NEW YORK – Wal-Mart is counting on $1 ketchup bottles and sub-$4 cases of Coke to re-ignite sales in America.

The sharp cuts at U.S. stores, which came ahead of the Memorial Day holiday weekend, have already pushed rivals such as Target into price wars. And the markdowns are expected to keep coming throughout the summer.

They’re one of the boldest moves the world’s largest retailer is making to turn around sluggish business at its U.S. namesake chain and win back shoppers from rivals.

Full Story at msnbc.com

WASHINGTON – The economic rebound last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.

The economy grew at a 3 percent annual rate from January to March, the Commerce Department said Thursday. That was slightly weaker than an initial estimate of 3.2 percent a month ago. The new reading, based on more complete information, also fell short of economists’ forecast for 3.4 percent growth.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — With any luck, Wall Street can still escape two of the harshest elements of Washington’s reform efforts.

The two measures, included in the Senate bill passed last week, take direct aim at some of the more risky — and profitable — parts of banks’ business.

One proposal would require financial firms to spin off their trading desks that deal in derivatives.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Shopping for a new bank? It’s nice to have a branch on every corner, but that’s not the only quality that makes an institution worthy of your business.

More than half of consumers chose their bank based on a convenient location or ATM, according to a recent survey conducted by analytics company Compete.com.

Full Story at money.cnn.com

WASHINGTON (CNNMoney.com) — The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal.

The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex financial products and strengthen consumer protection.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — For the fourth time this year, doctors face a potential huge cut in the fees that the government pays them to treat Medicare patients.

Physicians will be hit with a 21% cut in Medicare reimbursements as of June 1, unless lawmakers decide to patch over the issue — as they’ve done for years. Congress is now debating the matter, and to stop the cut lawmakers would have to vote to pass a new patch sometime in the next two weeks.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — As Congress debates the new rules of the road for the U.S. banking industry, some lawmakers have an ambitious proposal: They want to cut ATM fees.

Last week, a trio of Democratic senators led by Iowa’s Tom Harkin proposed capping automated teller machine fees at just 50 cents.

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — From California produce to New England seafood, the ash cloud from the Iceland volcano is taking its toll on U.S. businesses. Air traffic to and from Europe has been disrupted for days, and that is keeping goods grounded.

On Saturday, Boston-based Black Pearl Seafood was supposed to import 25 tons of fresh fish from a London warehouse, fish with a wholesale value of $320,000.

Full Story at money.cnn.com

WASHINGTON (CNNMoney.com) — With SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill.

“Our bill ends too big to fail, bailouts end forever,” said Sen. Chris Dodd, D-Conn., in a Monday press conference held to drum up momentum for the bill. “Our bill holds Wall Street accountable, mandates real transparency, so that large banks can’t gamble our money in the shadows of the financial system.”