Economy
Eurozone OKs Terms of Bailout for Spanish Banks
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Finance ministers from the 17 countries that use the euro have approved the terms for a bailout loan for Spanish banks. The first 30 billion euros of up to 100 billion euros in loans will be disbursed this month.
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Fashion Crowdsourcing Turns Us All Into Designers, Retailers
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Step aside, fashion designers and retailers: Web sites devoted to selling user-generated -- or "crowd-sourced" -- clothing are proliferating, enabling shoppers to take product design and selection into their own hands.
Continue reading »Retail
Back-to-School Shoppers Will Spend More, Bargain-Hunt Harder
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Parents are expected to spend more on hoodies, backpacks and notebooks for their kids this back-to-school season, but they'll also be laser-focused on bargains as they scour stores and e-commerce sites for the best deals.
Continue reading »Media
DirecTV Gets SpongeBob Back As Viacom Spat Is Settled
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Viacom and DirectTV said Friday that they have settled a dispute that had cut off access to Viacom's channels for the satellite TV service's subscribers.
Continue reading »College Finance
Private Student Loans: Subprime Mortgages of the College World
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Student loan debt is a $1 trillion issue today, but according to the Consumer Financial Protection Bureau, one fairly small part of the student loan market appears to be most responsible for many of the problems borrowers face: private student loans.
Continue reading »Company News
Will Chick-fil-A Pay a Price for Its Anti-Gay Marriage Stance?
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In the past, Chick-fil-A has tended to hedge its position on gay marriage rather than risk offending patrons of its 1,600 fast-food chicken restaurants. That's become more difficult now.
Continue reading »Investing
How Safe Are Your Muni Bonds? Not Very, Warns Warren Buffett
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A couple of years ago, billionaire super-investor Warren Buffett told Congress a "terrible problem" with U.S. municipal bonds was on the horizon. Now, Buffett is back, and warning that the crisis is closer than ever.
Continue reading »Retirement
Why Wall Street Workers Are Worse Investors Than Main Street
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Wall Street's big banks paid out $156 billion last year in salaries, bonuses, and benefits. Yet while investment bankers' checking accounts were growing, their retirement savings took a massive hit -- and much of the reason can be traced to one common investing mistake.
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How Much Weirdness Can You Buy for $5?
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Welcome to a deeply bizarre corner of America's rapidly growing freelance economy: Fiverr, an online marketplace where nearly any small service you can imagine is available cheap, from tech support to Spongebob Squarepants imitations.
Continue reading »Retirement
The Big Retirement Lie
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What if everything you were told about saving in your company retirement plan was bogus? What if the benefit of tax-deferred growth in your mutual fund based retirement plan was really a well-funded Wall Street marketing gimmick?
Continue reading »Banking
Where to Find Interest Rates on Savings That Beat Your Bank
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Low interest rates may be great for borrowers, but they're terrible for savers. Bank accounts on average are paying around half a percent -- which doesn't even keep up with inflation. What to do? Turn to banks on the Internet.
Continue reading »Family Money
Save a Bundle on Back-to-School with Sales Tax Holidays
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When times are tough, every penny counts. That's why shoppers look forward to what has become an annual summer ritual in many states: the chance to avoid sales tax on certain purchases.
Continue reading »Credit Cards
How You Can Benefit From the Capital One Settlement
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The Capital One Financial settlement with U.S. regulators over deceptive marketing of credit card "add-on products" means a lot to all consumers, not just Capital One customers, according to consumer advocates.
Continue reading »Credit Cards
Capital One to Refund Customers $150 Million to End Card Probe
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Capital One Bank will pay $210 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. About $150 million of that fine will go directly to 2.5 million of its customers.
Continue reading »Credit
Would You Take a Payday Loan from Octomom?
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"Octomom" Nadya Suleman has taken on some fairly sleazy jobs to support her super-sized family: reality TV star, stripper, porn actress. But this may be a new low. She's out to become America's most fecund financial adviser, shilling for a payday lending company called OctoLoan.
Continue reading »Credit
Consumer Bureau to Supervise Credit Reporting Agencies
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Credit reporting agencies will soon be subject to federal oversight for the first time. The Consumer Financial Protection Bureau announced Monday that it will begin supervising the nation's biggest consumer reporting agencies this fall.
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Green Apple: Computer Giant Jumps Back on Eco-Friendly List
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Last week, word came out that Apple was removing its desktops, laptops and monitors from a green-electronics registry called EPEAT. The ensuing uproar caused it to reverse course in just seven days. But what was Apple thinking?
Continue reading »Company News
Activist Investor William Ackman Targets Procter & Gamble's CEO
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William Ackman's Pershing Square Capital Management has taken a $2 billion position in Procter & Gamble, and it's almost certain he wants to oust the CEO. This is hardly Ackman's first attempt to buy big into a company and shake things up -- but it is his biggest.
Continue reading »Health Care
5 Obamacare 'Myths' That Are (at Least Partly) True
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Last week, DailyFinance explored several myths about how the health care reform law will effect average Americans -- myths that had little basis in fact. But these five rumors about the PPACA do contain at least a grain of truth, and they may hit your pocketbook.
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Psst! Buddy! Want to Buy an Airplane ... Cheap?
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Boeing has been announcing a significant number of multibillion dollar deals lately. But the aircraft maker's excellent news comes with a caveat: All of its customers have been scoring hefty discounts to the planes' sticker prices. What gives? Read on ...
Continue reading »Economy
Double-Dip Recession Hits Eurozone as Crisis Clouds Swirl
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The eurozone has sunk back into its second recession since 2009, a Reuters poll predicted on Thursday, as the debt crisis that has ravaged the continent for over two years continues to stifle growth.
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The Walkman Rises: Can a Nostalgic Reboot Revive Sony?
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If you're an audiophile who waxes nostalgic when it comes to the Sony Walkman, you're in luck. There's a new Walkman out, and Sony has high hopes for it. But would you pay $280 for an Android-powered portable digital media player?
Continue reading »Family Money
AT&T; to Quadruple Some Data Plan Fees
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AT&T; is following rival Verizon Wireless with a new type of family plan that comes with a four-fold increase in data service fees. But AT&T; says the higher-priced plan will be an option rather than a requirement.
Continue reading »Family Money
The $849,000 Penalty for Being Born Female
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No matter how many times you read about the numerous financial challenges women face, nothing drives a point home like putting it into black-and-white dollar terms. Shocked by that $849,000 number? Here's a rundown of the details.
Continue reading »Retirement
AARP The Magazine Names Its Top 10 Places to Live on $100 a Day
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AARP The Magazine has compiled its annual list of the 10 best places to live for Americans over 50, choosing cities that offer affordable amenities in addition to low-cost essentials. Which cities made the cut? Read on ...
Continue reading »Earnings
JPMorgan Lost $6 Billion? Buy! Buy! Buy!
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In May, JP Morgan Chase spooked investors with news that it had racked up $2 billion worth of losses on derivatives trades. Then last week we learned that the loses were much worse -- and the markets sighed with relief.
Continue reading »Travel
Last-Minute London Olympics Trips Won't Cost All Your Gold
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If you haven't made your plans to travel to the 2012 Olympic Games in London yet, don't despair. It's still possible -- and you don't have to pay inflated prices or meet a shady character in an alley to partake in the festivities.
Continue reading »Economy
Oh, Canada! Americans' Northern Neighbors Are Now Richer
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The U.S. may be the "land of opportunity," but Canadians are making out better. In the past five years, the net worth of Canadian households has surpassed that of their American counterparts for the first time. And the reasons why will be as depressing for Americans as the news itself.
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Replacing kitchen essentials like cookware, dinnerware and appliances can really add up when purchased separately. Here's how, and where, to get the most bang for your buck.
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