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In the US investing in a four-bedroom colonial house could buy you sleep as you knew you could always tap your equity once those credit-card balances got a bit too high.
That gamble, you may know all too well, is no longer paying off. The housing bust...
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We have all been bitten by our credit card issuer. Late-fee, hidden charges rule.
Late payment penalties on credit cards in the US generally range from $15 to $39.
But that’s just the beginning. If the late fee pushes the balance on your next...
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CNBC has confirmed, Citigroup chief executive officer Charles Prince has resigned, and the bank will take an additional writeoff of as much as $12 billion.
Citigroup Inc., operating as Citi, is a major American financial services company based in New...
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Foreclosures rates in the United States will remain higher than normal for the next
18 months as the current home loan crisis plays itself out, a senior U.S. Treasury official said on Friday.
“A rising foreclosure rate during a housing downturn...
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20 million middle-class taxpayers will be shielded from being battered this year by a tax meant to affect only the rich thanks to The House tax-writing committee.
The $77.8 billion package approved by the Ways and Means Committee also extends several...
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The credit crunch that mushroomed from this market will batter consumers well into 2008.
Tighter credit and tougher loan standards will persist, hurting those who are ‘marginal’ borrowers. And while creditworthy consumers may dodge a direct...
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Shopping malls are dishing it out for tourists from the United Kingdom, Europe, Canada and elsewhere by offering them VIP treatments, such as limo rides with Champagne and in-store refreshments.
According to industry estimates, 2007 holiday sales are...
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Bellagio Hotel in Las Vegas held a convention of jewelers recently.
These particular jewelers, who work for independent mom-and-pop stores around the world, were in town at the invitation of a diamond company called Hearts on Fire. Hearts on Fire sells...
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The No. 2 wireless operator of the U.S., Verizon Wireless, doesn’t intend to announce a deal to carry a Google-powered cell phone any time soon, according to a source familiar with the wireless company’s plans.
Google, the Internet search...
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The Nautica clothing company founded in 1983 by David Chu, has evolved from a collection of men’s outerwear to a leading global lifestyle brand with products ranging from men’s, women’s and children’s apparel and accessories to a...
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