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Gift card spending tops $100 billion this year
It’s getting down to the wire, and trying to pick out that perfect Christmas gift might be a little daunting. Many people in the US will spring for that ultimate last minute gift – the gift card....
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GE to enter the online banking game
General Electric, a company best known for its appliances, light bulbs, and television holdings, announced this week that it plans to acquire MetLife’s retail banking assets. As a result, GE’s finance...
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Tax preparer promotes joy as it looks for an edge
In the cutthroat tax preparation business one company is looking to draw in more customers this year by promoting the joy of tax season. The second largest US tax preparer, Jackson Hewitt Tax...
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Real estate investors look to charter schools
Property investors have sought out ways to diversify their portfolios as the real estate market has sputtered during the recession. Now, more investors are putting their money behind a rising demand...
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Indian bank makes bold move to offer access via Facebook
You get on Facebook to catch up with friends, check the news or gossip, and play games. But would you like to access your bank account from within the social media platform? Most big US banks (which...
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Foreclosure rental program likely topic during State of the Union
Fixing the struggling housing market is one of the many things President Barack Obama is likely to bring up tonight during the State of the Union address. Real estate investors will be hanging on the...
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Bank of America starts promoting online deal offers
Companies like Groupon, Google, and Facebook target consumers and tailor ads and offers for individuals based on certain preferences, locations, and browsing histories. But who knows better what you...
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When banks add technology they’d better get it right
Today Bank of America announced the postponement of its highly anticipated mobile check deposit feature, which will allow customers to deposit paper checks with their smart phones. In another news...
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TransUnion to be acquired by Advent and Goldman unit for $3 billion
In what may shape up to be one of the largest private equity deals of the year, credit reporting firm TransUnion has agreed to be taken over by buyout firm Advent International and a fund run by...
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Financial losses prompt Sears to unload real estate
Sears should buy a shovel because it has a rather deep hole to dig itself out of. The US retail giant announced plans this week to sell and spin off some of its prized real estate assets in efforts to...
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US Postal Service right-sizes operations; Plans to cut jobs, shut plants
The US Postal Service finally announced a round of job cuts and plant closures that could slow down the delivery of mail. The mail delivery service announced this week that it will eliminate 35,000...
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Investors drill deep for oil patch deals
Four years ago people were chanting, “Drill, baby, drill!” in support of oil and gas exploration in the US. This year a new chant could be, “Invest, baby, invest!” Several key players in the private...
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IBM’s Watson could be answer to banking technology breakthrough
Answer: This game-playing supercomputer could be Citigroup’s next stand-in for bank tellers and financial advisors. Question: What is IBM’s Watson? After Watson handily defeated two Jeopardy!...
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Lingering Lehman Brothers exits bankruptcy, plans to repay $65 billion
Some people were a little shocked this week to see Lehman Brothers Holdings exit bankruptcy some three and half years after the investment bank crashed and burned. The ordeal triggered events that...
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Your next #Tweet could be worth $$ through AmEx
Tweeting just became a business transaction. American Express has joined forces with the Twitter social network to offer a new service that offers exclusive store credits and savings for card holders....
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Goldman Sachs exec resigns, writes scathing op-ed
A top Goldman Sachs executive quit his job today. But he didn’t go quietly. Instead, he let the whole world in on his resignation letter and disclosed a few possibly scathing secrets about the storied...
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Biggest remaining debtors reveal plans to repay bailout, but TARP lives on
Remember TARP? You know, the tax-payer-funded bailout program that passed out more than $400 billion to banks and automakers beginning in 2008. How could we forget? Most big banks have repaid the...
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US may save money by changing the way it makes money
The cost to manufacture pennies and nickels is more than twice the face values of each coin. That tidbit of information was shared this week by US Treasury Secretary Tim Geithner as he outlined new...
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MasterCard, VISA report ‘massive’ security breach
Credit card giants MasterCard and VISA are warning banks around the US that a recent major security breach may have compromised a reported 10 million card numbers. This massive breach within a...
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Modern boomtowns drive new construction, growth
A new oil rush has created modern day boomtowns in far-flung locations in North Dakota and New Mexico. Once sleepy burgs are drawing thousands of people in search of work. That influx is driving...
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