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| Financial News |
- Bank of America ends overdraft fees on debit cards (AP)
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Published: Wed, 10 Mar 2010 03:00:07 Etc/GMT
- EU urges US to join in action against speculators (AP)
European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps -- opaque financial instruments blamed for worsening the world financial crisis.
Published: Wed, 10 Mar 2010 02:00:10 Etc/GMT
- Feds to probe cause of runaway Prius in California (AP)
The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
Published: Wed, 10 Mar 2010 00:59:12 Etc/GMT
- Abbott to pay $450 million for Facet Biotech (AP)
Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp. for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential treatment for multiple sclerosis.
Published: Wed, 10 Mar 2010 00:46:40 Etc/GMT
- TV producer admits attempting Letterman shakedown (AP)
A former television producer pressured by debt and riven by jealousy admitted Tuesday he tried to extract vengeance and money by shaking down David Letterman in a case that bared the late-night icon's affairs with staffers.
Published: Wed, 10 Mar 2010 00:22:54 Etc/GMT
- Job openings up sharply in January to 2.7M (AP)
Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
Published: Tue, 9 Mar 2010 23:43:05 Etc/GMT
- Gas price rises seen gentler on consumer wallets (AP)
As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets. Each spring brings a familiar ritual in gasoline markets -- rising prices -- and this year won't be an exception.
Published: Tue, 9 Mar 2010 23:16:39 Etc/GMT
- Stock investors ask: What's the next big thing? (AP)
A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing. Stocks have lost some of the momentum that propelled the Dow Jones industrial average up 4,017 points, or 61.4 percent, from its close of 6,547 on March 9, 2009.
Published: Tue, 9 Mar 2010 23:00:54 Etc/GMT
- Chevron to shed 2,000 jobs, sell some assets (AP)
Chevron Corp. said Tuesday it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations.
Published: Tue, 9 Mar 2010 22:29:09 Etc/GMT
- Class-action lawsuits could cost Toyota $3B-plus (AP)
Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts.
Published: Tue, 9 Mar 2010 18:19:53 Etc/GMT
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