Highlights
A collection of news and information related to Credit and Debt published by Tribune Company sources.
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Bernanke: lower rates are "feasible" but have limited economic benefit
AP Economics WriterWASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed'...Tags: Business, Homes, Investments, Money and Monetary Policy, Unemployment
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Pa. governor ends moratorium on parole for violent felons, imposed after Philly officer killed
Associated Press WriterHARRISBURG, Pa. (AP) _ Gov. Ed Rendell lifted Pennsylvania's three-month moratorium on paroling violent felons Monday after a review found the state's evaluation and supervision of parolees were largely effective. The review, though, recommended that the...Tags: Safety of Citizens, Government, Prisons, Executive Branch, Regional Authority
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Redstone sells Midway Games stake at a huge loss
AP Business WriterBillionaire media mogul Sumner Redstone and his holding companies have sold his family's 80.3 million shares in Midway Games Inc. for less than a penny each, according to a Monday securities filing. The sale means a loss of hundreds of millions of...Tags: Debt Market, Midway Games Incorporated, Sales, Casino and Gambling, CBS Corp.
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Redstone sells Midway Games stake as holding company works on debt restructuring
NEW YORK (AP) _ Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. Redstone, the family's holding company National...Tags: Debt Market, Midway Games Incorporated, Casino and Gambling, CBS Corp., Corporations
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Bank of England says lending growth slowed in October amid economic downturn
LONDON (AP) _ Britons took out fewer mortgages and reined in spending in October as the economic downturn intensified, the Bank of England said Monday. Net lending to individuals grew by 1.3 billion pounds ($2 billion) in October — just a third...Tags: Mortgages
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Hollywood will not make Illinois rich
Illinois has joined the chorus line of states auditioning for the film industry with subsidies and tax credits, hoping to win a role in Hollywood's production schedule and boost the local economy with new jobs. Although at least 30 other states are...Tags: Economic Policy, Money and Monetary Policy, Public Finance, Federal Reserve, State Budgets
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Retailers roll out payment options for holiday shoppers
Think twice before reaching for your credit card this holiday season.
As the tough economy forces retailers to look for the best ways to keep customers in stores, savvy shoppers can take advantage of payment options that don't rack up credit debts and...Tags: Baby Products, Games, and Toys, Amazon.com Inc., Wal-Mart Stores Inc., Best Buy Company Incorporated, Foot Locker Incorporated
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Retailers hope Cyber Monday jolts sales
247-4737Thousands of shoppers descended on Prime Outlets Williamsburg on Friday. Others flocked to Best Buy, Toys "R" Us and Wal-Mart in Newport News. Today, retailers are heavily discounting their online merchandise for what's become known as Cyber Monday....Tags: Wal-Mart Stores Inc., E-Commerce Industry, Best Buy Company Incorporated, Personal Data Collection, Newport News (Newport News, Virginia)
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Restoring the flow of credit to entrepreneurs
The credit crunch looks like an espresso machine. At least it does to Michael McDonald, who is trying to open a coffee shop near UC Santa Barbara next month but just heard that his funding had evaporated for an equipment leasing deal. McDonald needs...Tags: Henry Paulson, Business, Small Businesses, Money and Monetary Policy, Derivative Securities
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Buying on layaway is back as an alternative to credit
patricia.kitchen@newsday.comThis holiday season, Janet Groschel, 34, of Medford, like many other cash-conscious shoppers, is saying goodbye to credit cards and hello to layaway. When she began setting up her home 10 years ago, she put a deposit on the merchandise, making regular...Tags: Government, Hoffman Estates, Online, Rosedale (Queens, New York), Business Trips
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New tax rules add to anxiety for small businesses
Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head.
Many also are unaware of new federal tax rules -- some...Tags: Small Businesses, Business, Hermosa, Hermosa Beach, Earnings
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Theft of children's identities often goes unnoticed for years
South Florida Sun-SentinelRandy Waldron Jr. deposited his first paycheck when he was an infant. By the time he was in elementary school, he had bought and sold property, cars and restaurants and racked up tax liens because of financial problems. He had a felony record at age 7....Tags: Internal Revenue Service, Theft, Wages and Pensions, Consumers, Bankruptcy
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|Story| Chicago Tribune
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|Column| South Florida Sun-Sentinel
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|Story| Hampton Roads Daily Press
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|Story| Los Angeles Times
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|Story| Newsday
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|Story| Los Angeles Times
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|Story| South Florida Sun-Sentinel
