Category Archives: Money

First Premier’s $400-a-year credit card

By doris | Published: February 12, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Would you pay $400 a year to own a credit card? That’s how much the First Premier Platinum card can easily wind up costing its customers, according to CardHub, a credit card-tracking website that has examined more than 1,000 credit card offers. First Premier’s Platinum card, aimed [...]

Also posted in Banking, Business, Card, Limits, Market | Leave a comment

Postal Service pleads for help as losses continue

By doris | Published: February 9, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — The U.S. Postal Service renewed its pleas for congressional support Thursday as the floundering agency reported another massive quarterly loss. The Postal Service announced that it sustained a net loss of $3.3 billion in the last three months of 2011, as declining mail volumes and mounting benefit [...]

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Dow at 4-year high, Nasdaq hits 11-year high

By doris | Published: February 5, 2012

Full Story at money.CNN.com NEW YORK (CNNMoney) — U.S. stocks rallied Friday, as investors cheered a much stronger-than-expected jobs report. The Dow Jones industrial average (INDU) gained 157 points, or 1.2%, the S&P 500 (SPX) added 19 points, or 1.5%, and the Nasdaq composite (COMP) increased 46 points, or 1.6%. The rally pushed pushed the [...]

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Oil falls to near $98 amid Greece debt deal talks

By doris | Published: January 23, 2012

Full Story at news.Yahoo.com BANGKOK (AP) — Oil fell to near $98 a barrel Monday in Asia as the crude market waited for the outcome of Greece’s negotiations with creditors on a deal to cut the face value of its debt by half. Benchmark crude for March delivery was down 15 cents at $98.19 a [...]

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Housing ends year on strong note, but prices still falling

By doris | Published: January 21, 2012

Full Story at BottomLine.msnbc.msn.com The housing market ended the year on a positive note with strong sales in December, but a glut of unsold homes will likely push prices lower through much of this year, forecasters said Friday. Sales of existing homes hit an 11-month high last month and the number of properties on the [...]

Also posted in Economy, Financial, Home, Market | Leave a comment

McDonald’s U.S. December sales robust: survey

By doris | Published: January 18, 2012

Full Story at news.Yahoo.com But ask them how they got that way. The employees of one McDonald’s are not happy. They have to run labor at the percent that they did before min. wage began going up. I can see them making money, but not at the way they want to cut help and run [...]

Also posted in Business, Financial, Jobs, Minimum Wage, Spending | Leave a comment

Samsung Group plans record $41 billion investment in 2012

By doris | Published: January 17, 2012

Full Story at news.Yahoo.com SEOUL (Reuters) – Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors. Best known for making massive investments in new technologies ahead of rivals, Samsung [...]

Also posted in Business, Computer, Factory, Financial | Leave a comment

Housing more affordable than ever … for foreign buyers

By doris | Published: January 14, 2012

Full Story at BottomLine.msnbc.msn.com When it comes to foreigners looking to plant roots in the United States, Florida is the hot spot, especially among Cubans, Haitians and Colombians. The Sunshine State is the most popular among foreign home buyers with 31 percent of all home purchases made there coming from foreign residents, according to a [...]

Also posted in America, Business, Investors | Leave a comment

Kodak eyes bankruptcy cash from Citigroup: report

By doris | Published: January 13, 2012

Full Story at news.Yahoo.com (Reuters) – Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy protection, Bloomberg News said on Thursday, citing three people familiar with the matter. Advisers to Kodak are also lining up a “stalking horse” that [...]

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Tax gap: IRS comes up $385 billion short

By doris | Published: January 7, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Close to 15% of federal taxes — or $385 billion — went unpaid in 2006, according to new estimates by the IRS. That’s the net tax gap number — meaning what didn’t get paid even after the $65 billion the IRS managed to collect through audits. And [...]

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Procrastinators rejoice: Tax deadline extended to April 17

By doris | Published: January 5, 2012

Full Story at BottomLine.msnbc.msn.com If you’re the type of person who likes to wait until the last minute to file your taxes, congratulations: You have two more days to procrastinate. The Internal Revenue Service announced Wednesday that 2011 federal tax returns will not be due until Tuesday, April 17 this year. That’s because April 15, [...]

Also posted in America, Revenues, Tax Returns | Leave a comment

‘Hillbillies” Elly May settlin’ suit over Barbie

By doris | Published: January 3, 2012

Full Story at msnbc.com The actress who played tomboy Elly May Clampett on 1960s television show “The Beverly Hillbillies” has settled her lawsuit against Mattel over a Barbie doll based on her character. Actress Donna Douglas, now 78, sued the toy company in May as well as the consumer products division of CBS Corp. seeking [...]

Also posted in Business, Corporate, merchandising, Retail, Sue | Leave a comment

Victims in mortgage case could get thousands

By doris | Published: December 27, 2011

Full Story at BottomLine.msnbc.msn.com Consumers who were victims of mortgage discrimination could get anywhere from $500 to thousands of dollars each as a result of a settlement announced Wednesday by the Justice Department. Under the deal, Bank of America’s Countrywide Financial unit is paying a record $335 million to settle civil charges that it discriminated [...]

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Minimum wage increases for workers in eight states

By doris | Published: December 26, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — While some workers are worried about smaller paychecks next year, more than 1.4 million low-income earners will see their wages go up on New Year’s Day. Minimum wage rates in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will rise between 28 and 37 cents per [...]

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