Fed pursues tough new U.S. credit card rules
The U.S. Federal Reserve on Tuesday proposed tough new credit card rules to protect consumers from potentially costly practices by lenders and moved to implement legislation enacted in May. Read Full Article here.
U.S. consumer woes overshadow housing cheer
U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday. Read Full Article here.
CIT in talks for loan of up to $10 billion: sources
CIT Group Inc is negotiating a new credit facility that could total $10 billion, which could help the finance company pay off maturing debt and stave off bankruptcy, people familiar with the situation said. Read Full Article here.
JPMorgan reshuffles leadership in succession clue
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Tuesday he is starting to look for a successor, and he named Jes Staley, current head of the No. 2 U.S. bank's asset management unit, to the key post of investment bank CEO. Read Full Article here.
Google to expand Wave testing, eyes Wave store
Google Inc's highly anticipated real-time communications service is not ready for prime time, but the company said on Tuesday it was on track to begin the biggest field test yet of the potentially groundbreaking Google Wave. Read Full Article here.
U.S. CEOs still not ready to hire, spend: survey
U.S. chief executives are not ready to step up hiring or capital spending, though a majority expect sales to rise over the next six months, according to a Business Roundtable survey released on Tuesday. Read Full Article here.
Air fare sales hint at weak winter travel demand
U.S. airlines have slashed capacity, and recession-battered demand is showing signs of returning, but carriers like Southwest Airlines may scramble to fill planes this winter with big fare discounts, a fare expert said on Tuesday. Read Full Article here.
UK Internet ad spend overtakes TV for first time
Spending on Internet advertising in Britain grew 4.6 percent in the first half of 2009, outperforming the wider ad sector, which slumped 17 percent, and making it the country's biggest ad medium ahead of TV. Read Full Article here.
Warner, YouTube confirm music video deal
Warner Music Group and Google Inc's YouTube said on Tuesday they have reached a deal which will see music videos from artists such as Madonna and Green Day once again feature on the popular website. Read Full Article here.