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
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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