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Last updated: 19:19:38 Monday Dec 28, 2009


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  • Retailers' stores thinly stocked; profits won't be
    ATLANTA - Retailers have thin inventories after coming out of Christmas with slightly better-than-expected sales.   Nations:U.S.   Activities:2009 Christmas 2008 U.S. Recession   Source:(AP)   2009-12-28

    Capital One credit card defaults rise in June
    NEW YORK (Reuters) - Capital One Financial Corp's (COF.N) U.S. credit card defaults rose in June as unemployment increased and Americans struggled to pay their debts, the company said on Wednesday.   Nations:Canada   Activities:2008 U.S. Recession   Source:(Reuters)   2009-07-15

    Discover: Credit Where Credit Is Due
    During the era of easy money, Discover Financial Services was dismissed as a second-rate credit card company that lacked the cachet and retail acceptance of rivals. Its profits paled next to those of titans American Express and Bank of America (NYSE:BAC - News). The company's low-rent image was even lampooned on the Fox TV cartoon series Family Guy.   Nations:U.S.   Source:(BusinessWeek)   2009-02-14

    MasterCard earnings hit by spending slowdown
    NEW YORK - MasterCard Inc (MA.N), the world's second-largest credit card network, reported a 21 percent decline in fourth-quarter earnings, hit by a slowdown in consumer spending as recession deepens.   2009-02-05

    More customers resume using old-fashioned cash
    NEW YORK - Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one.   Nations:U.S.   Activities:Global Financial Crisis   2008-11-23

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