Topic: Discover Financial Services LLC
Discover earnings miss estimates; stock falls
Reuters US Online Report Business News
NEW YORK (Reuters) - Discover Financial Services <DFS.N>, 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 cards declined, sending its shares down more than 8 percent. The company, which received a $1.2 billion ...
Discover Financial 4Q profit slips, bad loans rise
AP News
Discover Financial fiscal 4th-quarter profit slips 19 percent as rate of bad loans increasesDiscover Financial Services on Thursday joined other major lenders in reporting more losses on credit card loans as Americans continue to struggle to pay off their debts. The company said its fiscal fourth-quarter profit fell 19 percent ...
Diners Club International rebrands itself
AP News
Diners Club International changes look and ads to reflect new ownership under DiscoverDiners Club International said Monday it's changing its logo, card, Web site and advertisements to reflect its new ownership under Discover Financial Services. The new ads focus on everyday card use rather than travel and entertainment. This ...
Cash-strapped US consumers to pare holiday spending
AFP American Edition
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. On average, shoppers are expected to spend 723 dollars on holiday presents this year, compared to 831 dollars in 2008 and 896 dollars ...
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