International Business News - DFS 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 Discover Financial Services said Wednesday its consumer spending index fell last month as pessimism about the U.S. economy grew, offsetting relief consumers saw at the gas pump from lower fuel prices. http://www.ibtimes.com/articles/20081008/discovers-consumer-index-declines-in-september.htm Wed, 08 Oct 2008 08:58:26 EDT The average annual interest rates charged on popular types of credit cards edged down in the past week, according to Bankrate.com. For low interest cards, which have rates below the national average but are often offered only to customers with strong credit histories, the average APR declined slightly to 11.56 percent, from 11.63 percent last week. http://www.ibtimes.com/articles/20081006/credit-card-interest-rates-edge-down-in-past-week.htm Mon, 06 Oct 2008 15:50:12 EDT Among the sector activity stories for Monday, Sept. 29, from AP Financial News: ATLANTA (AP)--Airline stocks were mostly lower in afternoon trading Monday as the broader market fell sharply. The decline in airline shares came despite a big drop in oil prices, which is usually a good sign for air carriers. http://www.ibtimes.com/articles/20080929/sector-roundup-airlines-steel.htm Mon, 29 Sep 2008 14:35:16 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 Tentative meltdown deal: Bush, McCain, Obama meet WASHINGTON (AP)--President Bush and the two men fighting to succeed him joined forces Thursday at a historic White House meeting on a multibillion-dollar Wall Street bailout plan, aiming to stave off a national economic disaster. http://www.ibtimes.com/articles/20080925/business-highlights.htm Thu, 25 Sep 2008 18:39:18 EDT Among the earnings stories for Thursday, Sept. 25, from AP Financial News: NEW YORK (AP)--Discover Financial Services' profit fell 11 percent in the third quarter but its lucrative card processing business drove the results above Wall Street's expectations. http://www.ibtimes.com/articles/20080925/earnings-roundup-discover-financial-cra.htm Thu, 25 Sep 2008 19:30:13 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 Discover Financial Services' profit fell 11 percent in the third quarter but its lucrative card processing business drove the results above Wall Street's expectations. http://www.ibtimes.com/articles/20080925/discover-3q-profit-dips-11-percent.htm Thu, 25 Sep 2008 17:00:24 EDT Major business events and economic events scheduled for Thursday: WASHINGTON--Commerce Department releases new home sales for August, 10 a.m. http://www.ibtimes.com/articles/20080924/calendar-of-major-business-events-thursday.htm Wed, 24 Sep 2008 15:08:35 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 Major business events and economic events scheduled for the coming week (some dates are tentative): MONDAY, Sept. 22 http://www.ibtimes.com/articles/20080919/business-events-and-economic-reports-scheduled.htm Fri, 19 Sep 2008 15:27:08 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 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 Discover Financial Services said Thursday its consumer spending index hit its highest level so far this year, reflecting consumers' easing pessimism about the economy. http://www.ibtimes.com/articles/20080904/discovers-consumer-spending-index-jumps-in-august.htm Thu, 04 Sep 2008 12:07:07 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 Shares of Discover Financial Services rose Thursday, despite rising oil prices and concerns over the financial sector. Shares jumped 74 cents, or 5.1 percent, to $15.33 in afternoon trading. Shares have traded between $10.94 and $24.04 in the past 12 months. http://www.ibtimes.com/articles/20080821/last-call-discover-financial-services-shares-rise.htm Thu, 21 Aug 2008 15:46:53 EDT