International Business News - COF http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Credit card stocks fluctuated in a volatile trading session Friday, as investors weighed a number of potential government initiatives to help free up lending and stabilize the economy. http://www.ibtimes.com/articles/20081010/sector-wrap-credit-card-stocks-fluctuate.htm Fri, 10 Oct 2008 16:13:30 EDT Capital One Financial Corp. said Friday that it's ending its auto dealer showroom financing programs in New York and New Jersey. Steven Thorpe, a spokesman for the McLean, Va.-based bank, said the decision was made after a regular review of the bank's investments and isn't related to the current problems in the credit industry. http://www.ibtimes.com/articles/20081010/capital-one-dropping-dealer-financing-in-ny-and-nj.htm Fri, 10 Oct 2008 12:39:48 EDT An analyst on Tuesday lowered his price target and earnings estimates for American Express Co. due to the expectation for higher funding costs as the credit markets remain volatile. http://www.ibtimes.com/articles/20081007/analyst-cuts-estimates-price-target-for-amex.htm Tue, 07 Oct 2008 12:51:06 EDT Shares of credit card companies fell with the broader markets Monday, as a Citi analyst reduced his earnings outlook for Discover Financial Services and American Express Co., saying credit card loss rates continue to worsen. http://www.ibtimes.com/articles/20080929/sector-snap-credit-card-stocks-sink.htm Mon, 29 Sep 2008 11:26:16 EDT The average annual interest rates charged on popular types of credit cards edged up in the past week, according to Bankrate.com. For balance transfer cards, which allow consumers to consolidate outstanding debt from one or more cards, and sometimes include a low introductory rate, the average annual percentage rate rose to 13.49 percent, from 13.45 percent last week. http://www.ibtimes.com/articles/20080929/credit-card-interest-rates-edge-up-in-past-week.htm Mon, 29 Sep 2008 11:09:54 EDT Among the stock activity stories for Thursday, Sept. 25, from AP Financial News: NEW YORK (AP)--A UBS analyst initiated coverage of CBS Corp. with a "Neutral" rating Thursday, saying the media company might be able to capitalize on its interactive division. http://www.ibtimes.com/articles/20080925/movers-roundup-cbs-biogen-idec.htm Thu, 25 Sep 2008 14:38:15 EDT Visa Inc. said Thursday it's developing mobile payment software for the new wireless phone powered by Google Inc.'s Android system. San Francisco-based Visa said Android users will be able to receive near real-time alerts about purchases via their mobile devices. Users also will be able to use location-based mapping technology to find ATM machines and nearby stores where they can redeem special Visa offers. http://www.ibtimes.com/articles/20080925/visa-develops-payment-software-for-google-phone.htm Thu, 25 Sep 2008 14:46:23 EDT Shares of Capital One Financial Corp. fell sharply Thursday after the financial services firm priced a stock offering at a discount to Wednesday's closing price. http://www.ibtimes.com/articles/20080925/capital-one-shares-fall-on-stock-offer-pricing.htm Thu, 25 Sep 2008 20:32:45 EDT Among the premarket activity stories for Thursday, Sept. 25, from AP Financial News: NEW YORK (AP)--An analyst cut his earnings estimates for Sprint Nextel Corp. on Thursday, saying the weak economy will hurt its results. http://www.ibtimes.com/articles/20080925/premarket-roundup-sprint-nextel-capital-one.htm Thu, 25 Sep 2008 10:16:22 EDT Credit ratings agency Fitch Ratings said late Wednesday Capital One Financial Corp.'s planned stock sale further strengthens its stable ratings outlook. http://www.ibtimes.com/articles/20080925/fitch-capital-one-stock-sale-reinforces-outlook.htm Thu, 25 Sep 2008 08:58:14 EDT Shares of Capital One Financial Corp. fell in premarket trading Thursday after the financial services firm announced the pricing of an offering of common stock below Wednesday's closing price. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-capital-one-shares-fall.htm Thu, 25 Sep 2008 08:46:27 EDT Capital One Financial Corp. said it plans to sell 14 million shares of its common stock in a public offering. The bank said it will grant the underwriters an option to purchase additional shares to cover overallotments, but did not say how many shares that would be. http://www.ibtimes.com/articles/20080923/capital-1-to-sell-14-million-shares-in-offering.htm Tue, 23 Sep 2008 18:31:30 EDT Capital One Financial Corp. on Tuesday said it will add $200 million to its reserve pool for covering bad loans in the third quarter. Citing "the company's expectation of continuing weakness in the U.S. economy, as observed in recent trends in economic indicators, including home prices and the unemployment rate," Capital One said it would add the funds to its allowance for loan losses. http://www.ibtimes.com/articles/20080923/capital-one-to-add-200m-to-reserve-for-bad-loans.htm Tue, 23 Sep 2008 18:23:07 EDT The U.S. House of Representatives on Tuesday passed legislation that would limit surprise interest rate increases and fees for credit card users, but the bill faces an uncertain fate in the Senate. http://www.ibtimes.com/articles/20080923/us-house-passes-credit-card-reform-bill.htm Tue, 23 Sep 2008 17:32:00 EDT Shares of credit card companies rose with the broader markets Friday morning, after the U.S. government said it is creating a plan to rescue the nation's troubled banks and the Treasury Department said it will provide guarantees for U.S. money market mutual funds. http://www.ibtimes.com/articles/20080919/credit-card-stocks-rise-in-early-morning-trading.htm Fri, 19 Sep 2008 10:23:01 EDT Shares of credit card companies fell early Monday morning as the markets faced a historic reshaping of Wall Street's landscape. Investment bank Lehman Brothers Holdings Inc. said it was filing for bankruptcy protection and Bank of America Corp. said it will buy Merrill Lynch & Co. in a $50 billion all-stock deal. AIG, the world's largest insurer, is expected to announce a restructuring plan as it races to raise cash to avoid a credit rating downgrade. http://www.ibtimes.com/articles/20080915/credit-card-companies-slide-as-market-plunges.htm Mon, 15 Sep 2008 10:23:09 EDT A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including an apparent government-brokered takeover of Merrill Lynch by the Bank of America. http://www.ibtimes.com/data/articleimgs/130489-lehman-brothers.jpg http://www.ibtimes.com/articles/20080914/lehman-rescue-stalls-bofa-and-merrill-talking.htm http://www.ibtimes.com/articles/20080914/lehman-rescue-stalls-bofa-and-merrill-talking.htm Sun, 14 Sep 2008 22:58:53 EDT Deepening economic distress and concern over consumer debt could help legislation that would overhaul practices of credit card companies get voted on in Congress as lawmakers return this week from summer recess. http://www.ibtimes.com/articles/20080908/credit-card-proposal-may-get-vote-in-congress.htm Mon, 08 Sep 2008 06:22:12 EDT Be careful before signing up for a credit card with your spouse. It may cause a fight. A study released Wednesday by CreditCards.com found one out of five people who share a credit card say it has sparked a fight with the other account holder. http://www.ibtimes.com/articles/20080827/study-sharing-credit-cards-causes-spats.htm Wed, 27 Aug 2008 10:50:49 EDT Shares of credit card companies fell Monday as the financial sector continued to struggle, sending the broader market lower. In recent weeks, investors have been worried that a slowing U.S. economy could pressure credit card companies. http://www.ibtimes.com/articles/20080825/sector-snap-credit-card-companies-fall.htm Mon, 25 Aug 2008 13:07:46 EDT