Stockhouse @ the Bell: Blue chips lead stocks higher…again

2010-03-18T19:15:12Z

<div id="subtitle">The Dow was higher for the seventh consecutive session for the first time since August. On Bay Street, energy issues helped counter weak gold and bank stocks.</div><div><p>Today on Stockhouse </p><p>Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. </p><p>Martin Hutchinson lists some of the many ...

Discover Financial expects to report 1st-qtr loss

2010-03-11T16:16:19Z

<div id="subtitle">Discover Financial expects to report a first-quarter loss due to soured loans</div><div><p>Discover Financial Services on Thursday said it expects to post a loss for its fiscal first quarter after setting aside more funds to cover soured loans.</p><p>The credit-card company expects a first-quarter loss of 22 cents per share to 23 cents per share. An...

Discover CEO's 2009 compensation rises 79 percent

2010-02-22T14:19:06Z

<div id="subtitle">Discover Financial CEO Nelms gets 79 percent compensation hike in 2009, mostly on stock awards</div><div><p>David Nelms, the chairman and CEO of Discover Financial Services, took home nearly 79 percent more in compensation in fiscal 2009 than he did the prior year.</p><p>Nelms, 49, received about $4.3 million in compensation, in a year when consumer...

Discover settles Morgan Stanley suit for $775 million

2010-02-22T09:53:07Z

<div><p>NEW YORK (Reuters) - Discover Financial Services &lt;DFS.N&gt; paid Morgan Stanley &lt;MS.N&gt; $775 million to settle claims related to sharing proceeds from an antitrust suit against credit card networks

Discover earnings miss estimates; stock falls

2010-02-23T14:44:27Z

<div><p>NEW YORK (Reuters) - Discover Financial Services &lt;DFS.N&gt;, the sixth-largest U.S. credit card issuer, posted lower-than-expected quarterly earnings as bad loans grew and the value of transactions with its ...

Diners Club International rebrands itself

2010-02-23T16:09:14Z

<div id="subtitle">Diners Club International changes look and ads to reflect new ownership under Discover</div><div><p>Diners Club International said Monday it's changing its logo, card, Web site and advertisements to reflect its new ownership under Discover Fin...

Cash-strapped US consumers to pare holiday spending

2010-02-23T18:37:27Z

<div><p>Cash-strapped US consumers plan to spend about 15 percent less on Christmas gifts in 2009 than they did last year, a credit industry research group reported Wednesday.</p><p>On average, shoppers are expected to spend 723 dollars on holiday presents this year, compared to 831 dollars in 2008 and 896 dollars in 2007, U.S. CORPORATE PROFITS </h1><p>Companies in the Standard &amp; Poor's 500-stock index have come a long way since reporting a collective loss at the end of 2008. Third-quarter numbers so far indicate operating profits of about $137 billion, and more companies are beating analysts' estimates. But net income is still well off peaks in most indus...

Discover earnings beat estimates, stock rises

2010-02-25T06:14:01Z

<div><p>NEW YORK (Reuters) - Discover Financial Services &lt;DFS.N&gt; posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.</p&...

U.S. credit card defaults up, signal consumer stress

2010-02-25T07:04:34Z

<div><p>NEW YORK (Reuters) - Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.</p&gt...

Consumer spending could boost the stock market

2010-02-25T08:04:42Z

<div id="subtitle">Wall Street looking to the consumer to lift retail sales, drive economic growth</div><div><p>Wall Street wants consumers to do their part to heal the economy. Traders know it's going to take some time.</p><p>Investors will get some insight this week into how much consumers are spending from a government report on August retail sales. They'll...

Credit card losses seen up, staying high

2010-02-25T10:22:01Z

<div><p>NEW YORK (Reuters) - Standard &amp; Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.</p><p>The ratings agency's credit card quality index, which measures credit card loans that banks do...

J.D. Power: Customer Satisfaction With Credit Cards Falls

2010-02-25T12:14:55Z

<div id="subtitle">Fees and rates drive decline</div><div><p>Are you happy with your credit card? If not, you have a lot of company. </p><p>Driven by a significant decrease in satisfaction with fees and rates, overall credit card customer satisfaction declines to a three-year low, according to the J.D. Power and Associates 2009 Cre...

Consumers to benefit as credit card law debuts

2010-02-25T18:13:29Z

<div><p>NEW YORK (Reuters) - U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.</p><p>From August ...

Credit card defaults show signs of stabilizing

2010-02-25T19:18:09Z

<div><p>NEW YORK (Reuters) - The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers may not be in as bad shape as feared despite job losses and the housing slump.</p><p>Bank of ...

Bank of America ends arbitration of card disputes

2010-02-25T20:35:27Z

<div><p>NEW YORK (Reuters) - Bank of America Corp &lt;BAC.N&gt;, the largest U.S. bank, said on Thursday it is dropping a requirement that forces consumers with disputes on credit cards and other accounts into an arbitration process, which critic...

Tina Turner - Musician

2009-08-14T06:58:16Z

May 13, 1997 - Hollywood, California, USA - TINA TURNER attends the Discover Card private issue press conference....

Discover operating earnings rise

2010-02-26T19:43:21Z

<div><p>NEW YORK (Reuters) - Discover Financial Services &lt;DFS.N&gt; reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its s...

Moody's cuts Discover Financial debt rating

2010-02-27T03:22:21Z

<div id="subtitle">Moody's Investors Service cuts Discover Financial senior unsecured rating to 'junk' level</div><div><p>Moody's Investors Service on Monday cut its senior unsecured debt rating for Discover Financial Services into non-investment grade territory, citing risks the...

Obama Meets With Members Of Credit Card Industry At White House

2009-04-23T14:06:10Z

WASHINGTON - APRIL 23: (AFP OUT) U.S. President Barack Obama holds a meeting with officials from the credit card industry at the White House April 23, 2009 in Washington, DC. At the meeting were (clockwise from bottom left) HSBC Senior Vice President and Chief Oper...

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