A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters)
New IMF policies will examine whether individual national economies might hurt global growth. (Reuters)
IBM (NYSE: IBM) raises its earnings estimates. (Reuters)
AT&T (NYSE: T) to raise the rates it charges customers for data use. (Reuters)
Microsoft (NASDAQ: MSFT) to release Windows 8 on October 26. (Reuters)
US Airways (NYSE: LCC) works with regulators on a possible buyout of AMR. (Reuters)
Bank of America (NYSE: BAC) and Credit Suisse (NYSE: CS) will make more expense cuts to improve margins. (WSJ)
China will offer African nations $20 billion in loans. (WSJ)
The U.S. Postal Service says it may default on a pension obligation of $5.5 billion. (WSJ)
Government data from Spain show its housing and bank problems have worsened. (WSJ)
Procter & Gamble (NYSE: PG) defends its embattled CEO. (WSJ)
EBay (NASDAQ: EBAY) earnings rise more than expected as PayPal’s success continues. (WSJ)
The National Retail Federation says average back-to-school spending will rise 14%. (WSJ)
Corn and soybean prices reach records because of widespread drought. (WSJ)
Huge layoffs at Yahoo! (NASDAQ: YHOO) may be needed to bring its expenses into line with those of Facebook (NASDAQ: FB) and Google (NASDAQ: GOOG). (WSJ)
The AARP reports that foreclosure rates among people older than 75 have risen sharply. (NYT)
A new survey shows e-book sales rising much more quickly than those of traditional books. (NYT)
The Libor investigation moves to Credit Agricole, HSBC (NYSE: HBC), Deutsche Bank (NYSE: DB) and Societe Generale. (FT)
China will buy some of the pension assets of General Motors (NYSE: GM), many of which are large investments in U.S. public companies. (FT)
Novartis (NYSE: NVS) profits rise because of new drugs. (Bloomberg)
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.