U.S. payment-card industry grapples with security
Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures. Read Full Article here.
GM looking at keeping Opel, raising $4.3 billion: report
General Motors Co is considering keeping its Opel business in Europe instead of selling it by winning billions of dollars in aid from the U.S. and European governments, the Financial Times reported on Monday. Read Full Article here.
U.S. auto dealers swamped as trade-in rebate ends
Americans swamped auto dealerships on Monday during the final hours of the U.S. government's popular cash-for-clunkers program, offering rebates of up to $4,500 to trade in older gas guzzlers. Read Full Article here.
Bank of America defends Merrill bonuses
Bank of America Corp mounted an aggressive defense of Merrill Lynch & Co's awarding of $3.6 billion of bonuses last year, as it tries to persuade a federal judge to approve a settlement with the U.S. Securities and Exchange Commission over its own disclosures. Read Full Article here.
Oil prices touch 10-month high on economic hopes
Oil prices gained on Monday, briefly touching a 10-month high near $75 a barrel on expectations an economic recovery would revive ailing world energy demand. Read Full Article here.
Madoff not diagnosed with cancer: Bureau of Prisons
Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said Monday, knocking down a tabloid report that Madoff told fellow prison inmates that he was dying. Read Full Article here.