Published Monday, September 29, 2008
FDIC forms Citigroup/Wachovia deal
NEW YORK (AP) - In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.
InBev SA investors OK buy
LEUVEN, Belgium (AP) - InBev SA shareholders today backed the company’s $52 billion takeover of Anheuser-Busch Cos. - a deal that would form the world’s largest brewer.
Cadbury pulls items off shelves
HONG KONG (AP) - British chocolate maker Cadbury today became the latest foreign company to be hit by China’s tainted milk scandal, ordering a recall of its Chinese-made products after tests showed they contained the industrial chemical melamine.
Watch bank lending to judge financial bailout
WASHINGTON (AP) - The New Deal it is not.
The government’s biggest economic bailout since the Great Depression is aimed not at relieving unemployment or reforming questionable business practices but at resuscitating financial markets debilitated by lousy bets on the housing market.
Fed takes fresh steps to battle credit crisis
WASHINGTON (AP) - The Federal Reserve Board and other countries’ central banks announced new steps today that makes billions of dollars available to squeezed banks here and abroad to battle a worsening credit crisis that threatens to unhinge the U.S. economy.
Walgreen sees rise in fourth quarter
DEERFIELD, Ill. (AP) - Walgreen Co. said today higher sales and cost-cutting boosted its fiscal fourth-quarter profit 12 percent amid a difficult economic environment.
Circuit City reports widening losses
RICHMOND, Va. (AP) - Circuit City Stores said its second-quarter loss widened, and the nation’s second-largest electronics retailer withdrew its fiscal 2009 outlook amid sluggish sales, poor traffic and heightened competition.
GAS PRICES TODAY
DEBT ADVISER
Card terms not always stable
By STEVE BUCCI
bankrate.com
I’m trying to get some of my debt paid off, but my wife and I
have a difference of opinion on what should be paid off first.
Fifty years of plastic
McClatchy Newspapers
SAN JOSE, Calif. - They called it the Fresno Drop.
Fifty years ago this month, Bank of America mass-mailed to nearly every home in
Fresno, Calif., a small piece of plastic called the BankAmericard.
