By Blake Ellis, staff reporterJune 30, 2010: 7:58 AM ET NEW YORK (CNNMoney.com) — More rules clamping down on abusive credit card practices are on their way. But even when the final phase of the CARD Act is in place this August, credit card issuers will still be able to ...
by Kit R. Roane, contributorJune 30, 2010: 4:57 AM ET FORTUNE — Before clocking a $100 billion loss in early 2009, the California Public Employees’ Retirement System, known as Calpers, had the swagger of a hedge fund and the certainty of a saint. Other pension funds followed its lead, loading ...
NEUILLY-SUR-SEINE, FRANCE — Within the ornate cream villa of the French cosmetics billionaire Liliane Bettencourt mingled two societies, the wealthy upstairs clan and the downstairs staff who were paid handsomely and trusted to be discreet, while some seethed in secret at a perceived intruder in their midst. Their disdain, according ...
As we move into Elena Kagan Week in Washington, we’d do well to remind ourselves of Paddy Chayefsky’s prescient 1976 revelation-in-the-boardroom delivered by a fictional network executive to the deranged news anchor Howard (“I’m as mad as hell”) Beale. The “hot button” issues likely to ...
Investors have been so burned by the financial crisis of 2008-09 that they fear any hint of a slowdown means the economy will start tanking again. And they’re selling heavily at the end of the day, fearful about negative economic news that could start coming out of Asia ...
NEWDELHI: Fiat India is gearing up to make a splash of its own in thecountry’s burgeoning small car market by launching an India-specific carin 2012. The company’s much-talked about new small car will not bear anyresemblance to the company’s Uno model. The car will be launched in 2012and will be ...
DAEJEON (Commodity Online) : IMF Managing Director Dominique Strauss-Kahn said china’s currency was still undervalued, despite its central bank’s pledge to make its exchange rate more flexible. However he warned that even a sharp revaluation of the Yuan would fail to correct the imbalances that impair the global economy. “We ...
In today’s high-tech world, it’s possible to automate everything from paying your bills to saving for retirement, but does that mean you should? In the personal finance blogosphere, there are two major schools of thought on what aspects of your saving and spending you should automate and what aspects you ...
THE prudential regulator wants all superannuation funds to tell their members how often their super is likely to earn negative returns. The Australian Prudential Regulation Authority said it was concerned at the lack of standardised risk disclosure in the industry. It told fund trustees yesterday that it wanted all investment ...
Lending companies failed to persuade voters or the Legislature to extend the provision allowing the high rates. “Their product is predatory,” said David Higuera, a volunteer and former political director for Arizonans for Responsible Lending. “It’s designed to trap the borrower and keep them in a repeated cycle of borrowing.” ...
By Beth BravermanJune 29, 2010: 6:04 AM ET (Money Magazine) — For the first time in years there is a glimmer of hope in the condo market. After falling 20% nationwide and 60% or more in the hardest-hit areas, median condo prices remained flat nationally in the first quarter vs. ...
Westergren played in a number of bands before founding Pandora.By Michael V. Copeland, senior writerJune 29, 2010: 4:07 AM ET FORTUNE — Pandora’s Tim Westergren took a somewhat meandering path to starting what amounts to the world’s largest radio station. The 44-year-old executive spent much of the 1990s as a ...
In just 357 words, chosen precisely to obscure much meaning, the communiqué still managed to lay bare disagreements over the Vatican’s handling of the sexual abuse crisis; the deep generational divide inside the church; the legacy of the last two popes; and to top it off, a tantalizing whiff of ...
WASHINGTON — The Supreme Court on Monday refused to weigh in on whether software, online-shopping techniques and medical diagnostic tests can be patented, saying only that inventors’ request for protection of a method of hedging weather-related risk in energy prices cannot be granted. The high ...
LESTER HOLT, anchor: And now across town to NBC ’s chief White House correspondent Chuck Todd , traveling with the president, who’s got some tough selling to do at this meeting. Hi, Chuck. CHUCK TODD reporting: Well, good evening, Lester . You know, the debate here on the world stage about ...
Comment Mail to friend Vidyalaxmi, ET Bureau For employees of large Indian and multinational companies, benefits go beyond salaries to include lifestyle perks such as company accommodation or club membership. Growth in business operations and competition for talent are now prompting even mid-sized companies to adopt the HR practices of ...
Not surprisingly, U.S. retail industry stocks have been on a down trend, due more to recovery euphoria fantasy self-correction than any particular government data or industry reports. The S&P Retail Index has declined more than 7% and the S&P 500 has declined more than 3% in the past ten days. ...
