International Business News - V 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 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 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 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 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 Here's one way to dodge credit card debt and late fees: Don't carry any plastic. "People look at me like I'm an anomaly. But guess what? It's a whole lot easier when you're not juggling debt," said Paige LeFevre, a 41-year-old Atlanta resident. http://www.ibtimes.com/data/articleimgs/130955-plastic-abstinence.jpg http://www.ibtimes.com/articles/20080915/some-chuck-credit-cards-to-avoid-late-fees-debt.htm http://www.ibtimes.com/articles/20080915/some-chuck-credit-cards-to-avoid-late-fees-debt.htm Mon, 15 Sep 2008 17:00:14 EDT National City Corp. and Visa Inc. renewed their existing contract Monday and expanded the amount of services included in the deal. While Cleveland-based National City will continue to offer Visa consumer and commercial credit and check card products, it will add Visa Interlink and Plus as its primary debit and ATM networks. The regional bank, which is trying to recover from steep losses in the home mortgage market, will also provide Visa's debit processing service. http://www.ibtimes.com/articles/20080915/national-city-visa-renew-and-expand-agreement.htm Mon, 15 Sep 2008 11:03:41 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 Gov. Joe Manchin won't interfere with Massey Energy's plans to start blasting Wednesday at Coal River Mountain, a southern West Virginia mine operation that environmentalists say will destroy the site of a proposed wind farm. http://www.ibtimes.com/articles/20080909/massey-to-begin-blasting-at-coal-river-mountain.htm Tue, 09 Sep 2008 14:54:30 EDT Rudy Giuliani maintains that Sarah Palin is ready to lead the nation partly because she has managed a city, an argument that looks like comparing oranges to a Big Apple. http://www.ibtimes.com/articles/20080903/giuliani-palins-time-as-mayor-qualifies-her.htm Wed, 03 Sep 2008 17:43:25 EDT A proposal to tap a southern West Virginia mountain for its wind rather than its coal has been recognized by a national group that encourages sustainable business practices. http://www.ibtimes.com/articles/20080903/w-va-group-honored-for-wind-power-proposal.htm Wed, 03 Sep 2008 15:35:09 EDT Visa Inc. named company veteran Bill Sheedy as president of its North American operations. The San Francisco-based company said his role includes oversight of Visa's dealings with card issuers, merchants and third-party processors in the United States and Canada. http://www.ibtimes.com/articles/20080903/visa-names-president-of-north-american-operations.htm Wed, 03 Sep 2008 14:53:19 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 William Blair & Co. analyst David Long began coverage of Visa Inc. on Tuesday with an "Outperform" rating, noting the credit card company's leading market share around the world. http://www.ibtimes.com/articles/20080826/visa-started-at-outperform-at-william-blair.htm Tue, 26 Aug 2008 10:56:02 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 Visa Inc., the world's largest credit and debit card processor, said Friday its board had set Aug. 27 as the new record date for shareholders eligible to participate in its Oct. 14 annual meeting. http://www.ibtimes.com/articles/20080822/visa-shareholders-as-of-aug-27-can-vote-on-proxy.htm Fri, 22 Aug 2008 08:44:23 EDT The Financial Services Roundtable, which represents more than 100 large banks, brokerage firms and insurance companies, spent nearly $1.9 million lobbying in the second quarter on banking, mortgage lending and other issues affecting the industry, according to a recent disclosure report. http://www.ibtimes.com/articles/20080820/financial-group-spent-nearly-1-9m-lobbying-in-2q.htm Wed, 20 Aug 2008 15:06:36 EDT When a competitor's pop-up ads started appearing on its Web site, Utah-based Internet retailer Overstock.com sued. But Utah's highest court has thrown out the case, ruling that such a Web war didn't violate any laws of commerce. http://www.ibtimes.com/articles/20080820/utah-court-throws-out-lawsuit-over-pop-up-ads.htm Wed, 20 Aug 2008 11:15:39 EDT West Virginia is the nation's second largest coal producing state but an environmental group says it's time to think about wind. Coal River Mountain Watch launched an Internet campaign Tuesday that seeks to encourage Massey Energy Co. to stop plans to create a mountaintop removal mine on Coal River Mountain in southern West Virginia. http://www.ibtimes.com/articles/20080819/group-says-dump-coal-use-wind-for-energy-needs.htm Tue, 19 Aug 2008 12:47:24 EDT Visa Inc. popped out ads almost as quickly as he swam his laps. Pizza Hut is giving Michael Phelps free pizza and pasta for a year--his teammates, too--for beating Mark Spitz's record of seven gold medals in one Olympics. http://www.ibtimes.com/data/articleimgs/111809-phelps-advertising.jpg http://www.ibtimes.com/articles/20080819/can-phelps-make-big-outside-the-pool.htm http://www.ibtimes.com/articles/20080819/can-phelps-make-big-outside-the-pool.htm Tue, 19 Aug 2008 05:18:04 EDT