US Markets

Investing Strategies

Economy and Government

Banking

L.L. Bean sales fall in 2009 (AP) - Fri, 12 Mar 2010
Sales dipped for L.L. Bean for the second consecutive year in 2009 but the outdoors clothing retailer managed to beat its own projections, the company said Friday. The company also reported that online sales outpaced catalog orders for the entire year for the first time.

Refinance may limit financial flexibility (Bankrate.com) - Fri, 12 Mar 2010
Reduced financial flexibility may be the price for a home refinance that lowers your mortgage rate.

House votes to impeach US judge from Louisiana (AP) - Thu, 11 Mar 2010
The House voted unanimously Thursday to impeach a U.S. district judge from Louisiana, who lawmakers said avoided likely criminal charges related to alleged payoffs in part because the statute of limitations expired.

Visa: US credit payments volume rises in Feb. (AP) - Thu, 11 Mar 2010
U.S. credit payments volume growth was up 2 percent for Visa Inc. in February compared with the same month of 2009, according to a regulatory filing from the payment processing company on Thursday.

Don't count on your bank covering overdrafts (at MarketWatch) - Thu, 11 Mar 2010
Bank of America customers will no longer complain about that $40 cup of coffee because they won’t be able to buy it if there’s not enough money in their debit account.

Lawyers seek secrecy for some papers in Simon case (AP) - Thu, 11 Mar 2010
Attorneys in the dispute over the estate of billionaire shopping mall magnate Melvin Simon have asked a judge to set strict limits on who can see certain documents that are presented as evidence.

India aims to be world's fastest growing economy (AP) - Thu, 11 Mar 2010
Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough. "We are facing a major problem," said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India.

Huge 'botnet' amputated, but criminals reconnect (AP) - Thu, 11 Mar 2010
The sudden takedown of an Internet provider thought to be helping spread one of the most promiscuous pieces of malicious software out there appears to have cut off criminals from potentially millions of personal computers under their control.

Quinn seeks income tax hike for schools (AP) - Wed, 10 Mar 2010
Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.

Bank of America to stop debit card overdrafts (AP) - Wed, 10 Mar 2010
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.