Customer files lawsuit against Wells Fargo over reductions in home equity lines of creditNEW YORK — The banking unit of Wells Fargo & Co. is facing a lawsuit claiming it illegally reduced the size of customers’ home equity lines of credit. Chase introduces new Chase Sapphire credit card for top-earning customersWILMINGTON, Del. — Chase Card Services, a unit of JPMorgan Chase & Co., said Wednesday it will now offer a rewards card designed for wealthy customers. Stocks rebound after sharp drop despite mostly weak housing data, mixed retail earningsNEW YORK — Now investors seem to be saying, maybe things aren’t so bad after all. Home Depot, Target, Saks, TJX 2nd-qtr results beat estimates, but outlook remains cautiousNEW YORK — Retailers that reported their second-quarter earnings Tuesday made big strides in profitability from a year ago by slashing inventory and other costs, but executives predicted shoppers will remain tightfisted. Target’s 2nd-quarter profits fall 6.3 pct, but results well exceed estimates amid cost-cuttingNEW YORK — Target Corp.’s second-quarter profit fell 6.3 percent, but it beat Wall Street forecasts, and executives credited the higher profit to a focus on controlling expenses and declining crude oil prices, which lowered transportation costs. 2 Honolulu police officers arrested on marijuana possession charges after chase in Las VegasLAS VEGAS — Two Honolulu law enforcers in Las Vegas to play in a softball tournament for police and firefighters were arrested on marijuana charges after leading authorities on a short chase. Credit card companies report montly improvement in account lossesMajor credit card companies are reporting monthly statistics for July, which in most cases show a slight improvement in the percentage of unpaid accounts written off as losses (net loss) and the percentage of accounts behind on payments for more than 30 days. Credit card companies see slight improvement in credit trendsDES MOINES, Iowa — Most major credit card companies say fewer customers defaulted on their accounts in July, but that doesn’t necessarily mean they’re financially better off. LA Federal Building standoff suspect charged with threatening to blow up White HouseLOS ANGELES — A man who staged an hours-long standoff near the West Los Angeles Federal Building has been charged with threatening to blow up the White House. Reader’s Digest goes to lenders in planned bankruptcy filingNEW YORK — The publisher of Reader’s Digest, the country’s most popular general interest magazine, said Monday it will file for Chapter 11 protection with a plan to swap a portion of its debt for ownership of the company. Gunmen kill 8 in drug-plagued Mexican city across from El Paso, TexasCIUDAD JUAREZ, Mexico — At least eight people were killed early Monday when gunmen opened fire in a bar in drug-plagued Ciudad Juarez on the Mexico-Texas border. Rate of losses on JPMorgan Chase credit cards declines in July, delinquencies improveNEW YORK — JPMorgan Chase & Co. said Monday that the rate of losses on its credit card loans eased up in July. Pakistani police say at least 6 killed in suicide bombing outside Peshawar in northwestPESHAWAR, Pakistan — A suicide attacker detonated a truck bomb Monday at a fuel station in northwestern Pakistan, killing at least six people, police said. AP IMPACT: Can’t find a bank branch? Boom expansion bypassed most minority neighborhoodsDALLAS — Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the financial spending spree skipped over substantial parts of the country. AP Analysis: Can’t find a bank branch? Boom expansion bypassed most minority neighborhoodsDALLAS — Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the financial spending spree skipped over substantial parts of the country. US envoy praises Pakistan’s ’significant’ progress against Taliban, promises more weapons, aidISLAMABAD — Pakistan’s wresting control of key areas from the Taliban has given enough “breathing room” to allow U.S.-Pakistan relations to shift focus to energy and economic development, although security remains a vital concern, Washington’s special envoy to the region said Sunday. Regulators shut down Colonial BancGroup in biggest bank failure of this yearWASHINGTON — Real estate lender Colonial BancGroup Inc. has been shut down by federal officials in the biggest U.S. bank failure this year. Regulators shut down Colonial BancGroup, 4 other banks; 77 US bank failures this yearWASHINGTON — Regulators on Friday shut down real estate lender Colonial BancGroup Inc. in the biggest U.S. bank failure this year and also closed four banks in Arizona, Nevada and Pennsylvania. Regulators shut Colonial BancGroup, 4 other banks; 77 US bank failures this yearWASHINGTON — Regulators on Friday shut down real estate lender Colonial BancGroup Inc. in the biggest U.S. bank failure this year and also closed four banks in Arizona, Nevada and Pennsylvania. Regulators shut down Colonial BancGroup, Pennsylvania thrift; 74 US bank failures this yearWASHINGTON — Regulators on Friday shut down Colonial BancGroup Inc., a big lender in real estate development that marked the biggest U.S. bank failure this year, and a small bank in Pennsylvania. Regulators shut Colonial BancGroup and Pennsylvania thrift; 74 US bank failures this yearWASHINGTON — Regulators on Friday shut down Colonial BancGroup Inc., a lender in real estate development, in the biggest U.S. bank failure this year, along with a small bank in Pennsylvania. 16 killed in Gaza clashRAFAH - A pro-Al Qaeda group which declared a theocratic Islamic emirate in the Gaza Strip battled it out Friday with Hamas policemen, leaving 16 dead and 120 wounded. Colonial BancGroup shut by regulators; biggest US bank failure this yearWASHINGTON — Regulators on Friday shut down Colonial BancGroup Inc., a big lender in real estate development that buckled under the collapse of the market. It was the biggest U.S. bank to fail this year, with about $25 billion in assets. Regulators shut Dwelling House S&L in Pittsburgh; 73rd US bank failure this yearWASHINGTON — Regulators on Friday shut down Dwelling House Savings and Loan Association, a small bank in Pennsylvania, boosting to 73 the number of federally insured banks that have failed this year. No nuke materials on detained North Korean ship, says scientistsNEW DELHI - Two nuclear scientists who have conducted a preliminary investigation of the seized North Koran ship MV Mu San, have said the vessel does not contain any trace of chemical, biological, radioactive or nuclear materials. Ask AP: Friday bank failures, finding black boxesWhen a plane goes down at sea, why is it sometimes so difficult to find the black boxes? Shouldn’t it be as simple as equipping them with GPS devices? US refuses to comment about India detaining North Korean shipWASHINGTON - The Coordinator for Implementation of UN Security Council (UNSC) Resolution 1874, Ambassador Philip Goldberg said on Friday that New Delhi might have acted under international and domestic law in detaining the North Korean ship MV Mu San. LA police lob tear gas into car where man holed up outside Federal BuildingLOS ANGELES — Police have lobbed three rounds of what is believed to be tear gas into a car where a man suspected of making threats against the White House is holed up outside the Federal Building in West Los Angeles. Smoke seen coming from car carrying man suspected of threatening White HouseLOS ANGELES — Smoke has been seen coming from the windows of a red Volkswagen Beetle, where a man suspected of making threats against the White House has been holed up for hours outside the Federal Building in West Los Angeles. FBI, LA police in standoff at Federal Building with man suspected of threatening White HouseLOS ANGELES — A man suspected of making threats against the White House led police on a chase Thursday then holed up for hours in a car outside the Federal Building in West Los Angeles. |
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