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La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers

dailynews.com

La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers

- A multi-agency raid in La Mirada, Whittier, La Habra and other cities Tuesday morning led to the arrest of 12 suspects tied to a fraud ring that used credit card information stolen from customers at local restaurants to create counterfeit cards. Authorities are still looking for one suspect. Many of the 13 suspects have ties to gangs based in La Mirada and Norwalk

Categories: Business |  Law & Crime | 
Tags: Crimes |  Corporate |  Enterprises |  Money |  Theft |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  LA County |  Gateway |  La Mirada |  Orange |  Huntington Beach |  Huntington | 

Google data mine digs into credit-card privacy

al.com

Google data mine digs into credit-card privacy

- Google has begun using billions of credit-card transaction records to prove that its online ads are prompting people to make purchases - even when they happen offline in brick-and-mortar stores, the company said Tuesday. The new credit-card data enables the tech giant to connect these digital trails to real-world purchase records in a far more extensive way than was possible before

Categories: Business | 
Tags: Markets |  Money |  Credit Cards |  Consumers |  Credit |  Shopping | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 

Moody's cuts China's credit rating for 1st time in 28 years

usatoday.com

Moody's cuts China's credit rating for 1st time in 28 years

- China stocks fell and the yuan weakened Tuesday after Moody's Investors Service lowered the credit rating for the world's second-largest economy amid concerns for rising debt levels and slowing growth. Newslook. Moody's Investors Service downgraded China's credit rating Wednesday, citing concern about the country's rising debt amid an economic slowdown. The rating agency’s move – technically cutting China’s long-term currency issuer rating to A1 from Aa3 – could mean higher borrowing costs for the government, its institutions and state-owned enterprises

Categories: Business | 
Tags: Economy |  Money |  Finance |  Economics |  Investments |  Investors |  Credit |  Credit Ratings | 
Places: United States | 

Smulekoff's building renovation gets tax credits

kcrg.com

Smulekoff's building renovation gets tax credits

- The building that formerly housed Smulekoff's Home Store is shown in Cedar Rapids on Thursday, January 22, 2015. The store, which had been open for 125 years, closed its doors in late 2014. The building was then purchased by the city for $4.7 million. (Adam Wesley/The Gazette/KCRG-TV9) The project is receiving $3.5 million in historic preservation tax credits from the Iowa Economic Development Authority

Categories: Business | 
Tags: Taxes |  Money |  Credit |  Taxation |  Tax credits | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Cedar Rapids |  Linn | 

Alphabet's cost cutting on display as Google Fiber rolls out in Alabama

cnbc.com

Alphabet's cost cutting on display as Google Fiber rolls out in Alabama

- Google Fiber, Alphabet's fast gigabit internet service, is now available in Huntsville, Alabama. But instead of laying fiber-optic cables, Google is using fiber from Huntsville Utilities, a city-owned provider of water, electricity and natural gas. It's an example of CFO Ruth Porat's cost-cutting efforts at work. In October, the Access fiber business chose to "pause" its expansion efforts in some cities and the company's leader Craig Barratt stepped down, replaced earlier this year by former CenturyLink executive Gregory McCray

Categories: Business | 
Tags: Money |  Costs |  Cost cutting | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama |  Madison |  Huntsville | 

Environmental group to spend $130K in governor's race

richmond.com

Environmental group to spend $130K in governor's race

- TRENTON, N.J. (AP) — An environmental group in New Jersey said Wednesday that it will spend $130,000 to help the wealthy Democratic front-runner in the race for governor, who has come under attack for his investments in pipeline companies. The New Jersey League of Conservation Voters Victory Fund told the Associated Press that it's pouring the cash into digital and mail campaigns to back Phil Murphy

Categories: Business |  Science & Nature | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey |  Trenton |  Mercer | 

Police: Man sought in connection to stolen car, fraudulent credit card use

turnto10.com

Police: Man sought in connection to stolen car, fraudulent credit card use

- The Attleboro Police Department is asking the public to help them find a suspect who is potentially connected to a theft case. Police said a man is suspected of stealing a car and fraudulently using a stolen credit card at a liquor store and gas station. Authorities shared two photos of the man on Facebook Tuesday morning. He is black and was wearing a black short-sleeved T-shirt, as well as a black skull cap

Categories: Business |  Law & Crime | 
Tags: Police |  Law Enforcement |  Crimes |  Money |  Theft |  Credit Cards |  Credit |  Frauds |  Law enforcement agencies | 
Places: Americas |  North America |  United States | 

Mark Zuckerberg, wife visit Massachusetts high school

turnto10.com

Mark Zuckerberg, wife visit Massachusetts high school

- QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday

Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 

Facebook Founder Mark Zuckerberg And Wife Priscilla Chan Visit Childhood School On Fifth ‘Honeymoon’

inquisitr.com

Facebook Founder Mark Zuckerberg And Wife Priscilla Chan Visit Childhood School On Fifth ‘Honeymoon’

- Facebook co-founder and CEO Mark Zuckerberg and his wife Priscilla Chan visited her old high school in Quincy, Massachusetts on Tuesday, one of many stops in the Northeast the couple planned for their “Fifth Honeymoon”. Chan, the daughter of Chinese refugees, graduated from Quincy High School, just outside of Boston, as Class Valedictorian in 2003. The couple made a donation to the school, but the amount and other details of the gift have not yet been released

Categories: Business |  Life & Style | 
Tags: Money |  Wealth |  Weddings |  Honeymoon |  Relationships |  Couples |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Norfolk |  Quincy | 

La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers, leader still on the run

dailynews.com

La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers, leader still on the run

- A multi-agency raid in La Mirada, Whittier, La Habra and other cities Tuesday morning led to the arrest of 12 suspects tied to a fraud ring that used credit card information stolen from customers at local restaurants to create counterfeit cards. Authorities are still looking for one suspect. Many of the 13 suspects have ties to gangs based in La Mirada and Norwalk

Categories: Business |  Law & Crime | 
Tags: Crimes |  Corporate |  Enterprises |  Money |  Theft |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  LA County |  Gateway |  La Mirada |  Orange |  Huntington Beach |  Huntington | 

Mark Zuckerberg, wife visit Massachusetts high school

siouxcityjournal.com

Mark Zuckerberg, wife visit Massachusetts high school

- QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday

Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 

Mark Zuckerberg, wife visit Massachusetts high school

richmond.com

Mark Zuckerberg, wife visit Massachusetts high school

- QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday

Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 

Schrader proposes new financial protection for soldiers, dares banks to object

oregonlive.com

Schrader proposes new financial protection for soldiers, dares banks to object

- Motivated by the story of Jacob McGreevey, the longtime Marine who lost his Vancouver home to foreclosure, Rep. Kurt Schrader, D-Oregon, has introduced a bill strengthening active-duty soldiers' protections against banks and other creditors. A New Jersey lender repossessed McGreevey's house in 2010 between his third and fourth tours of duty in the Middle East despite a federal law that prohibits creditors from taking collections actions against active-duty soldiers

Categories: Business | 
Tags: Taxes |  Money |  Finance |  Banks & Banking |  Credit |  Financial Institutions |  Taxation |  Creditors | 
Places: Americas |  North America |  United States | 

Credit-card skimming ring stole numbers from restaurant customers, bought dozens of items in LA, OC, SB counties

dailynews.com

Credit-card skimming ring stole numbers from restaurant customers, bought dozens of items in LA, OC, SB counties

- A multi-agency raid at a La Mirada home and locations in Whittier, La Habra and Brea Tuesday morning resulted in the arrests of 11 people tied to a theft ring that stole credit card information and made purchases at malls and stores across the region. According to a U.S. Department of Justice indictment, the ring leaders in the scheme manufactured credit card skimming devices that were then used to steal the numbers from customers at restaurants

Categories: Business |  Law & Crime | 
Tags: Crimes |  Money |  Theft |  Credit Cards |  Credit | 
Places: Americas |  North America |  United States | 

Trump’s $4T budget arrives on Capitol Hill

wcvb.com

Trump’s $4T budget arrives on Capitol Hill

- President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research

Categories: Politics & Government |  Business | 
Places: United States | 

Trump’s $4T budget arrives on Capitol Hill

ketv.com

Trump’s $4T budget arrives on Capitol Hill

- President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research

Categories: Politics & Government |  Business | 
Places: United States | 

Latest Stories

Secretary Mnuchin Says Spending Cuts Forced 'Hard Choices' in Budget
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Moody’s cuts China credit rating over rising debt
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Places: United States |  North |  Beijing | 
Google helps advertisers track spending in physical stores
Google helps advertisers track spending in physical stores SAN FRANCISCO | Google already monitors online shopping — and now it’s keeping an eye on physical stores to try to sell more digital advertising. The internet company said Tuesday that a new tool will track how much money people spend in merchants’ brick-and-mortar stores after clicking on their digital ads. The analysis will be done by matching the combined ad clicks of people who are logged into Google services with their collective purchases on credit and debit cards   Read More ...
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Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  San Francisco | 
La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers
La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers A multi-agency raid in La Mirada, Whittier, La Habra and other cities Tuesday morning led to the arrest of 12 suspects tied to a fraud ring that used credit card information stolen from customers at local restaurants to create counterfeit cards. Authorities are still looking for one suspect. Many of the 13 suspects have ties to gangs based in La Mirada and Norwalk   Read More ...
Categories: Business |  Law & Crime | 
Tags: Crimes |  Corporate |  Enterprises |  Money |  Theft |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  LA County |  Gateway |  La Mirada |  Orange |  Huntington Beach |  Huntington | 
Baltimore makes top 10 list for spending on dry cleaning
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Tags: Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New York | 
Google data mine digs into credit-card privacy
Google data mine digs into credit-card privacy Google has begun using billions of credit-card transaction records to prove that its online ads are prompting people to make purchases - even when they happen offline in brick-and-mortar stores, the company said Tuesday. The new credit-card data enables the tech giant to connect these digital trails to real-world purchase records in a far more extensive way than was possible before   Read More ...
Categories: Business | 
Tags: Markets |  Money |  Credit Cards |  Consumers |  Credit |  Shopping | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 
BRIEF-Chase announces continued Hyatt co-brand card program
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Tags: Money |  Credit Cards |  Credit | 
Places: United States | 
Moody's cuts China's credit rating for 1st time in 28 years
Moody's cuts China's credit rating for 1st time in 28 years China stocks fell and the yuan weakened Tuesday after Moody's Investors Service lowered the credit rating for the world's second-largest economy amid concerns for rising debt levels and slowing growth. Newslook. Moody's Investors Service downgraded China's credit rating Wednesday, citing concern about the country's rising debt amid an economic slowdown. The rating agency’s move – technically cutting China’s long-term currency issuer rating to A1 from Aa3 – could mean higher borrowing costs for the government, its institutions and state-owned enterprises   Read More ...
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Tags: Economy |  Money |  Finance |  Economics |  Investments |  Investors |  Credit |  Credit Ratings | 
Places: United States | 
Smulekoff's building renovation gets tax credits
Smulekoff's building renovation gets tax credits The building that formerly housed Smulekoff's Home Store is shown in Cedar Rapids on Thursday, January 22, 2015. The store, which had been open for 125 years, closed its doors in late 2014. The building was then purchased by the city for $4.7 million. (Adam Wesley/The Gazette/KCRG-TV9) The project is receiving $3.5 million in historic preservation tax credits from the Iowa Economic Development Authority   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Credit |  Taxation |  Tax credits | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Cedar Rapids |  Linn | 
Alphabet's cost cutting on display as Google Fiber rolls out in Alabama
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Categories: Business | 
Tags: Money |  Costs |  Cost cutting | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama |  Madison |  Huntsville | 
China rejects ‘inappropriate’ credit downgrade, says it ‘exaggerates difficulties’
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Places: United States | 
Moody's cuts China credit rating over rising debt
Moody's cuts China credit rating over rising debt BEIJING (AP) — The Moody's ratings agency on Monday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing economy. The downgrade adds to warnings about China's reliance on credit to propel growth after the 2008 global crisis. Private sector analysts say it could drag on the economy or threaten the health of the state-owned banking industry   Read More ...
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Tags: Money |  Credit |  Credit Ratings | 
Places: United States |  North |  Beijing | 
Michael Bloomberg Gives $75 Million to Shed Arts Center
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Places: Americas |  North America |  United States | 
Environmental group to spend $130K in governor's race
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Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey |  Trenton |  Mercer | 
Police: Man sought in connection to stolen car, fraudulent credit card use
Police: Man sought in connection to stolen car, fraudulent credit card use The Attleboro Police Department is asking the public to help them find a suspect who is potentially connected to a theft case. Police said a man is suspected of stealing a car and fraudulently using a stolen credit card at a liquor store and gas station. Authorities shared two photos of the man on Facebook Tuesday morning. He is black and was wearing a black short-sleeved T-shirt, as well as a black skull cap   Read More ...
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Tags: Police |  Law Enforcement |  Crimes |  Money |  Theft |  Credit Cards |  Credit |  Frauds |  Law enforcement agencies | 
Places: Americas |  North America |  United States | 
Mark Zuckerberg, wife visit Massachusetts high school
Mark Zuckerberg, wife visit Massachusetts high school QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday   Read More ...
Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 
Facebook Founder Mark Zuckerberg And Wife Priscilla Chan Visit Childhood School On Fifth ‘Honeymoon’
Facebook Founder Mark Zuckerberg And Wife Priscilla Chan Visit Childhood School On Fifth ‘Honeymoon’ Facebook co-founder and CEO Mark Zuckerberg and his wife Priscilla Chan visited her old high school in Quincy, Massachusetts on Tuesday, one of many stops in the Northeast the couple planned for their “Fifth Honeymoon”. Chan, the daughter of Chinese refugees, graduated from Quincy High School, just outside of Boston, as Class Valedictorian in 2003. The couple made a donation to the school, but the amount and other details of the gift have not yet been released   Read More ...
Categories: Business |  Life & Style | 
Tags: Money |  Wealth |  Weddings |  Honeymoon |  Relationships |  Couples |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Norfolk |  Quincy | 
Moody's cuts China rating citing rising debt, slowing growth
Credit rating agency Moody's has cut its credit rating for China, citing slowing economic growth and rising debt that it says will erode the country's financial strength. Moody's said Wednesday that it is downgrading its long-term rating for China one notch to A1 from Aa3. Moody's said Beijing's economic reform program won't suffice to offset the rising leverage, given the authorities' tendency to use debt-fueled stimulus to spur growth   Read More ...
Categories: Business | 
Tags: Economy |  Money |  Economics |  Credit |  Credit Ratings | 
Places: United States | 
La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers, leader still on the run
La Mirada-based credit-card skimming ring stole numbers from Huntington Beach restaurant customers, leader still on the run A multi-agency raid in La Mirada, Whittier, La Habra and other cities Tuesday morning led to the arrest of 12 suspects tied to a fraud ring that used credit card information stolen from customers at local restaurants to create counterfeit cards. Authorities are still looking for one suspect. Many of the 13 suspects have ties to gangs based in La Mirada and Norwalk   Read More ...
Categories: Business |  Law & Crime | 
Tags: Crimes |  Corporate |  Enterprises |  Money |  Theft |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  West |  Pacific |  California |  South |  Coast |  Los Angeles |  LA County |  Gateway |  La Mirada |  Orange |  Huntington Beach |  Huntington | 
Google helps advertisers track spending in physical stores
Google helps advertisers track spending in physical stores SAN FRANCISCO (AP) — Google already monitors online shopping — and now it's keeping an eye on physical stores to try to sell more digital advertising. The internet company said Tuesday that a new tool will track how much money people spend in merchants' brick-and-mortar stores after clicking on their digital ads. The analysis will be done by matching the combined ad clicks of people who are logged into Google services with their collective purchases on credit and debit cards   Read More ...
Categories: Business | 
Tags: Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  San Francisco | 
Google helps advertisers track spending in physical stores
SAN FRANCISCO (AP) — Google already monitors online shopping — and now it's keeping an eye on physical stores to try to sell more digital advertising. The internet company said Tuesday that a new tool will track how much money people spend in merchants' brick-and-mortar stores after clicking on their digital ads. The analysis will be done by matching the combined ad clicks of people who are logged into Google services with their collective purchases on credit and debit cards   Read More ...
Categories: Business | 
Tags: Money |  Expenditure |  Money Management | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  San Francisco | 
Mark Zuckerberg, wife visit Massachusetts high school
Mark Zuckerberg, wife visit Massachusetts high school QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday   Read More ...
Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 
Mark Zuckerberg, wife visit Massachusetts high school
Mark Zuckerberg, wife visit Massachusetts high school QUINCY, Mass. (AP) — Facebook CEO Mark Zuckerberg has visited the Massachusetts high school where his wife attended. The 33-year-old billionaire and his wife, Priscilla Chan, stopped by Quincy High School on Tuesday and made a donation to the school. The amount has not been disclosed. Chan graduated from Quincy High as valedictorian in 2003. Zuckerberg says in a Facebook post the couple had stopped by the school on their way to Cambridge, Massachusetts, where Zuckerberg is set to deliver the commencement speech at Harvard University on Thursday   Read More ...
Categories: Business |  Education | 
Tags: Money |  Wealth |  Schools |  High Schools |  Billionaires |  Mark Elliot Zuckerberg | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Midwest |  East |  Illinois |  West |  Adams |  Norfolk |  Quincy | 
Schrader proposes new financial protection for soldiers, dares banks to object
Schrader proposes new financial protection for soldiers, dares banks to object Motivated by the story of Jacob McGreevey, the longtime Marine who lost his Vancouver home to foreclosure, Rep. Kurt Schrader, D-Oregon, has introduced a bill strengthening active-duty soldiers' protections against banks and other creditors. A New Jersey lender repossessed McGreevey's house in 2010 between his third and fourth tours of duty in the Middle East despite a federal law that prohibits creditors from taking collections actions against active-duty soldiers   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Finance |  Banks & Banking |  Credit |  Financial Institutions |  Taxation |  Creditors | 
Places: Americas |  North America |  United States | 
Canada's Home Capital draws down further on credit line
TORONTO May 23 Canada's biggest non-bank lender Home Capital said on Tuesday that it had drawn down an additional C$250 million ($185 million) from a high interest credit line to meet a repayment on its debt due on Wednesday. Home Capital said in a statement that it had now drawn down C$1.65 billion from a C$2 billion facility it agreed last month with the Healthcare of Ontario Pension Plan (HOOPP)   Read More ...
Categories: Business | 
Tags: Money |  Credit |  Creditors | 
Places: Americas |  North America |  United States |  Canada |  Central |  Ontario |  Toronto | 
Treasury Secretary Mnuchin backs off pledge of 'no absolute tax cut' for the wealthy
Treasury Secretary Mnuchin backs off pledge of 'no absolute tax cut' for the wealthy Treasury Secretary Steven Mnuchin once promised "no absolute tax cut" for wealthy Americans. But on Tuesday, he hedged on that pledge. At the Peterson Foundation Fiscal Summit on Tuesday, Mnuchin appeared to temper expectations. He said delivering a "middle-income tax cut" is the White House's "intent," but he added that he "can't say what the results will be" because of Congress   Read More ...
Categories: Business | 
Tags: Taxes |  Money |  Wealth |  Taxation | 
Places: Americas |  North America |  United States | 
11 signs you'll be a millionaire
11 signs you'll be a millionaire Do you invest consistently? Have a part-time job? Are you persistent? Decisive? If so, you could be on track to become a millionaire. Of course, everyone's situation is different, but if these routines, habits and personality traits describe you, you're doing something right. Here are 11 signs you could be on your way to striking it rich. You have multiple streams of income As author Thomas C   Read More ...
Categories: Business | 
Tags: Money |  Wealth |  Millionaires | 
Places: Americas |  North America |  United States | 
Jeff Bezos says he's flattered by Warren Buffett's compliments and reads 'all his books'
Jeff Bezos says he's flattered by Warren Buffett's compliments and reads 'all his books' Warren Buffett said earlier this month that Amazon CEO Jeff Bezos is "the most remarkable business person of our age." At Amazon's shareholders meeting on Tuesday, an investor reminded Bezos of that comment and asked how he comes up with new ideas. "Warren's remarks are very meaningful to me because he's a hero to me," Bezos said at the Seattle event   Read More ...
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Five behavioral hacks to help you build an emergency fund
Five behavioral hacks to help you build an emergency fund Since prehistoric days, we were primed to think in the short term — not knowing where our next meal would come from or, for that matter, when it would come. It was all about surviving the day, not preparing for the future. So if your savings account looks less than ideal, don't beat yourself up — your brain is essentially working against you   Read More ...
Categories: Business | 
Tags: Money |  Savings | 
Places: Americas |  North America |  United States | 
Consumer debt reaches all-time high: $12.73 trillion
Consumer debt reaches all-time high: $12.73 trillion The record-breaking consumer debt tops the previous debt record, $12.68 trillion, that was reached during the recession in 2008. According to the Federal Reserve Bank of New York, about 71% of our debt is for mortgages or home equity loans, 10.6% for student loans, 9.2% for auto loans, and 6% for credit cards. “Credit card debt is going up partly because the economy is doing pretty well and people feel better,” said personal finance expert Jordan Goodman   Read More ...
Categories: Business | 
Tags: Money |  Credit Cards |  Credit | 
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Credit-card skimming ring stole numbers from restaurant customers, bought dozens of items in LA, OC, SB counties
Credit-card skimming ring stole numbers from restaurant customers, bought dozens of items in LA, OC, SB counties A multi-agency raid at a La Mirada home and locations in Whittier, La Habra and Brea Tuesday morning resulted in the arrests of 11 people tied to a theft ring that stole credit card information and made purchases at malls and stores across the region. According to a U.S. Department of Justice indictment, the ring leaders in the scheme manufactured credit card skimming devices that were then used to steal the numbers from customers at restaurants   Read More ...
Categories: Business |  Law & Crime | 
Tags: Crimes |  Money |  Theft |  Credit Cards |  Credit | 
Places: Americas |  North America |  United States | 
Westinghouse reaches deal for $800 million U.S. bankruptcy loan
Westinghouse reaches deal for $800 million U.S. bankruptcy loan Westinghouse Electric Co told a U.S. court on Tuesday the nuclear power company had reached a deal to borrow $800 million after allaying creditors' concerns that the money would be flowing to non-bankrupt affiliates overseas. Westinghouse, a unit of Japan's Toshiba Corp (), filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina   Read More ...
Categories: Business | 
Tags: Money |  Debts |  Insolvency |  Bankruptcy | 
Places: Americas |  North America |  United States | 
Budget director brags about Trump’s cruel welfare cuts: ‘You have to have compassion’ for wealthy taxpayers
Budget director brags about Trump’s cruel welfare cuts: ‘You have to have compassion’ for wealthy taxpayers Office of Management and Budget Director Mick Mulvaney asserted on Tuesday that President Donald Trump had produced the first federal budget that provides “compassion” for taxpayers. During a briefing at the White House, Mulvaney defended Trump’s drastic cuts to entitlement programs to pay for increased military spending, a border wall and sizable tax reductions that would benefit the wealthy. According to Mulvaney, the proposal looks “at the budget through the eyes of the taxpayer” instead of those who receive benefits from federal programs   Read More ...
Categories: Politics & Government |  Business | 
Tags: Taxes |  Politicians |  Money |  Wealth |  Taxation |  Donald John Trump | 
Places: Americas |  North America |  United States | 
Trump’s $4T budget arrives on Capitol Hill
Trump’s $4T budget arrives on Capitol Hill President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research   Read More ...
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Places: United States | 
Trump’s $4T budget arrives on Capitol Hill
Trump’s $4T budget arrives on Capitol Hill President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research   Read More ...
Categories: Politics & Government |  Business | 
Places: United States | 
Trump’s $4T budget arrives on Capitol Hill
Trump’s $4T budget arrives on Capitol Hill President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research   Read More ...
Categories: Politics & Government |  Business | 
Places: United States | 
Trump’s $4T budget arrives on Capitol Hill
Trump’s $4T budget arrives on Capitol Hill President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research   Read More ...
Categories: Politics & Government |  Business | 
Places: United States | 
Trump’s $4T budget arrives on Capitol Hill
Trump’s $4T budget arrives on Capitol Hill President Donald Trump on Tuesday sent Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government’s books over the next decade. The proposed 2018 budget immediately came under attack by Democrats and even some of GOP allies declared it dead on arrival. The proposal is laced with cuts to domestic agencies, food stamps, Medicaid, highway funding and medical research   Read More ...
Categories: Politics & Government |  Business | 
Places: United States | 
UPDATE 1-Azerbaijan angers IBA creditors with offer of losses and delay
(Updates with detail) By Sujata Rao and Karin Strohecker. LONDON May 23 Azerbaijan infuriated state-run bank IBA's creditors on Tuesday by saying that while they could swap its debt for sovereign bonds, some would suffer losses and have to wait longer. Azeri Finance Minister Samir Sharifov told debt holders they would receive significant "credit enhancement" by getting higher-rated sovereign paper, which would raise the government's debt-to-GDP by $2   Read More ...
Categories: Business | 
Tags: Money |  Credit |  Creditors | 
Places: United States | 
Frugal retirees ditch 4% rule, hoard savings instead
Frugal retirees ditch 4% rule, hoard savings instead Retirees may be overly pessimistic about their future financial health and that may lead them to spend less than they could otherwise, according to a new study by United Income, a startup that aims to apply big-data analysis to financial planning. The average adult 60 years or older will trim their spending by about 2.5 percent every year, or by about 20 percent over a 10-year period, according to United Income's analysis   Read More ...
Categories: Business | 
Tags: Money |  Finance |  Expenditure |  Savings |  Money Management | 
Places: Americas |  North America |  United States |