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Pershing Square's William Ackman’s hedge fund that was established to invest in Target Corp. (NYSE: TGT ) fell 68% last year, more than double Target's actual loss. In just December, Pershing Square IV declined 7.7%, according to a letter to ...
Read moreHard times are usually good times for debt collectors, who make their money morning and night with the incessant ring of a phone. But in this recession, perhaps the deepest in decades, the unthinkable is happening: collectors, who usually do the ...
Read moreHelen Galanoplos tried to cancel her American Express card last year because she no longer wanted to pay an annual fee. But, she said, the customer service representative told her that her credit score could go down as a result. Then last week, she ...
Read moreBRADENTON, Fla. -- The presidential debate Wednesday night never mentioned the words $2.2 trillion: that's how much the banks, brokerage and investment houses and insurance companies have so far taken from the American people's Treasury of the United ...
Read moreNEW YORK (Reuters) - This fall, the only way to sell a bank was to get the government involved. That may not be so anymore. Capital One Financial Corp ( COF.N ), a credit card issuer and bank, agreed to buy privately held Chevy Chase Bank for $520 ...
Read moreAS BAD AS THINGS ARE IN the financial sector, America's credit-card companies may not have seen the half of it. PSL Images/Alamy More and more consumers are falling behind on their monthly card payments as unemployment rises. The industry's prime ...
Read moreNEW YORK, Dec 30 (Reuters) - This fall, the only way to sell a bank was to get the government involved. That may not be so anymore. Capital One Financial Corp, a credit card issuer and bank, agreed to buy privately held Chevy Chase Bank for $520 ...
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Read moreGMAC, a company created to lend money so people can buy General Motors automobiles, has announced that it will resume doing exactly that. In today’s economic situation, that’s considered resoundingly good news. And it was possible, apparently ...
Read moreChico fire personnel work to shore up a home Tuesday on Manzanita Avenue after a car chase ended with a crash on the side of the home.(Ty Barbour/Staff Photo)<p class='dotPhoto'>All Chico E-R photos are available <a href='http://chicoer.mycapture.com ...
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