Posted by admin on September 30, 2009
Ken Lewis, the beleaguered CEO of Bank of America, announced Wednesday that he will retire at year’s end. There was no successor named. (source: CNN)
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Read full story for latest details. (source: CNN)
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Car dealership operator Penske Automotive Group announced on Wednesday that it has cancelled plans to acquire General Motors’ Saturn unit. As a result, GM said it will wind down the brand and dealer network. (source: CNN)
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Stocks inched lower Wednesday, following weaker-than-expected readings on manufacturing and the labor market. But the declines were minimal at the end of an upbeat month and quarter on Wall Street. (source: CNN)
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Most people think they pay too much to Uncle Sam, but for some people it simply is not true. (source: CNN)
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A government effort to get badly needed cash into the hands of struggling small business owners is slowly gaining momentum, but entrepreneurs seeking the scarce loans are still in for a frustrating ride. (source: CNN)
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Oil prices rose Wednesday after the government reported a surprising decrease in gasoline stockpiles, implying increased demand. (source: CNN)
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American Express will stop deducting monthly fees on gift cards that go unused after a push from complaining customers, the company announced Wednesday.
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Most people think they pay too much to Uncle Sam, but for some people it simply is not true.
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Shares of CIT Group, one of the nation’s largest lenders to small businesses, plummeted 35% Wednesday after a newspaper article said the company will hand control to bondholders or file for bankruptcy. (source: CNN)
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