Overdraft fees linked to opt-in coverage study says CFPB
A CFPB report finds that opting into overdraft coverage raises costs and increases account closure risk. It notes wide bank variation in average charges and posting practices, with some customers paying about 298 dollars annually and others 147. The agency could push new rules amid concerns about unfair costs.
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Netflix Leads S&P 500 with 100 Percent+ Gains This Year
The Century Club reports the S&P 500 up nearly 24 percent year to date, with 16 stocks more than doubling over the last 12 months. Netflix tops this year’s performers and ranks second over 12 months, still about 25 percent below its July 2011 high after a price hike and split plan.
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Standard & Poor
News Corp to split into publishing and Fox entertainment firms
News Corp plans to divide into two publicly traded companies. The publishing unit will keep the News Corp name and include Dow Jones Newswires and books, while the entertainment arm will be 21st Century Fox housing 20th Century Fox, Fox TV networks, and Fox News Channel. Rupert Murdoch will chair both, with Robert Thomson to head the publishing firm.
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