Federal Reserve says a slight rebound in auto industry makes up for plunge in other sectors.
Industrial output rose in July at a slightly better pace than expected as a further rebound in the auto industry offset a big plunge in output at the nation’s utilities. [Read more →]
The bank joins four others that have settled with New York Attorney General.
Wachovia Corp. has agreed to buy back $8.5 billion in auction-rate securities as part of a wide-ranging investigation by the New York Attorney General and other state regulators into the collapse of the market. [Read more →]
Automatic overdraft loans can look like a consumer’s best friend, but they can come at a steep cost.
Terry Read transferred $400 into his wife’s checking account on a Friday. Over the weekend, his wife used her debit card to make some small purchases, and on Monday she was slammed with a $35 overdraft fee because his cash transfer hadn’t cleared yet. [Read more →]
Jon Miller and Ross Levinsohn are searching for online stars – that their old employers will one day buy.
Pop quiz: name the breakout digital businesses that have been spawned by traditional media giants that aren’t simply online offshoots of existing brands. There is, let’s see, Time Warner’s TMZ, and, depending on how it goes, NBC and Fox’s Hulu.com. [Read more →]
