Consumers to benefit as credit card law debuts
U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes. Read Full Article here.
Central bankers to mull crisis lessons at retreat
Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again. Read Full Article.
Bear Stearns exec ignored conflict warnings: government
A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said. Read Full Article.
YouTube signs deal to feature Time Warner cable shows
Online video site YouTube said on Wednesday it signed a deal with Time Warner Inc to feature program clips from a range of its cable networks including CNN, Cartoon Network and Adult Swim. Read Full Article.
MySpace to buy Web music service iLike
News Corp's MySpace said on Thursday it has agreed to buy music recommendation service iLike, as the once-hot social networking site tries to reinvent itself as an entertainment portal. Read Full Article.
Diddy seeks new stars of Facebook generation
Music mogul Sean Diddy Combs wants you -- a music star of the Facebook generation. He does not want a performer who can only sing, dance, or look good on TV, but one who can do all that, and social network. Read Full Article.
Swiss to reveal some UBS accounts, other banks eyed
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks. Read Full Article.
Wall Street gains as oil data rekindles recovery hopes
Stocks rose on Wednesday, shaking off a slide in China's equity market, as investors responded favorably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook. Read Full Article.
NetApp profit beats view, names new CEO
Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates and said President Tom Georgens would take over as chief executive immediately. Shares fell 5.4 percent in extended trade. Read Full Article.