Dillard's Sells Credit Card Unit to GE Finance
Dillard's Inc sells Dillard National Bank which handles its credit cards to GE Consumer Finance for about 1.25 billion. GE will assume 400 million in liabilities and purchase receivables of 5.5 million accounts. About 500 Dillard National Bank employees will transfer to GE with a 10 year alliance for marketing and servicing credit card customers. The deal awaits regulatory review and is expected to close by year end.
MENTIONED IN THIS ARTICLE
Dillard’s
GE Finance
Little Rock
Dillard’s Inc
Dillard National Bank
GE Consumer Finance
Servicing Alliance
William Dillard II
Mark W. Beger
GE Consumer Finance Americas
Morgan Stanley
Simpson Thacher & Bartlett LLP
Sidley Austin Brown & Wood LLP
Dillard
General Electric Co
Pocket bikes spark buzz in cities and police warnings
Pocket bikes, tiny motorcycles selling for 300 to 600 dollars, ride through streets and alleys provoking safety and legal concerns. Police caution against chases, noting bikes are often uninsured and illegal on public roads. cities from New York to Boston restrict use, while dealers push safety and shift toward larger mini bikes.
MENTIONED IN THIS ARTICLE
Philadelphia
Jim Pauley
Cesecil Oliver
Oliver
New York
Chase
NYPD
Walter Burns
Midtown Manhattan
Pauley
Burns
New York State
Boston
Kevin Foley
Arizona
Phoenix
Terry Sills
Sills Re
Garecht
Running Wolf Imports
Joseph Kaczmarek
Associated Press
Ceseca
Streaming video patent dispute targets colleges and universities
Acacia Media Technologies, based in Newport Beach, pursues license fees from colleges and universities for streaming video use in distance learning and lectures. Some schools face minimum annual fees around 5000 dollars before Sept. 15, with potential increases or lawsuits afterward. College officials call the move extortion and warn it could disrupt online education. Bob Berman counters that some institutions owe substantial sums, while Acacia notes patents were acquired in 2001 from Greenwood Information Technologies founders.
MENTIONED IN THIS ARTICLE
California
Newport Beach
Calif
Acacia Media Technologies Corp
Steve Vorona
Educause
Washington College
Chestertown
Acacia
Billie Dodge
Bob Berman
Greenwich Information Technologies
Like a Rock fades from Chevrolet ads during Olympics
Chevrolet plans a ten ad blitz during NBC Olympics coverage to retire the Like a Rock slogan. GM will run about 400 commercials on NBC and Telemundo, with Chevrolet as the dominant brand showcasing the Corvette Malibu Malibu Maxx Silverado and Cobalt amid a broader GM push.
MENTIONED IN THIS ARTICLE
Detroit
Chevrolet
NBC
General Motors Corp
Kim Kosak
Detroit News
Wes Brown
Iceology
Los Angeles
Brown
Kosak
Telemundo
Warren
Campbell-Ewald
Olympic
Russia ends Soviet era benefits for vulnerable groups
Russia's upper house approved a social reform to end many Soviet era benefits for the elderly disabled and World War II veterans, replacing them with monthly cash payments. The bill, backed by the government and sending to Putin for signature, sparked protests in Moscow with police guarding the Federation Council building.
MENTIONED IN THIS ARTICLE
Moscow
Russia
Vladimir Putin
Federation Council
Kremlin
United Russia Party
Putin
Also Mentioned on This Page
THE
Cently
Edwin Schermety
Piloto Auto Sales
Wolf Imports
Reno
Nev
China
Sean
Mara D. Bellaby
Svetlana Orlova
Chamber
U.S.S.R
Interfax
Sheeel Dennis Insurance
S Ave
Middletown
Call Lee Dennis
CPCA
ROUSH
Commercial & Industrial
CORLE
Wedgcor
Steel Structures
Fox
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!