Overdraft protections move in Senate with opt in rule
Senate banking chair Christo pher Dodd proposes a bill to let bank customers opt into overdraft programs for ATM and debit card use. It would limit overdraft fees to one per month and six per year, require proportional fees, and mandate notification and warnings if an ATM or teller transaction will overdraw. Congress seeks broader protections for financial transactions.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
Christopher Dodd
D-Conn
Dodd
Congress
Verizon Android pits Droid against iPhone in big ad push
Verizon Wireless launches aggressive Droid ads praising Google Android versus Apple iPhone, highlighting features like a physical keyboard and multi tasking. The campaign targets iPhone weaknesses amid AT&T network frustrations, as Android gains momentum across multiple carriers.
MENTIONED IN THIS ARTICLE
New York
Verizon Wireless
Google Inc
Apple Inc
Motorola Inc
Droid
Sprint Nextel Corp
Verizon
U.S
At&t Inc
Google
T-Mobile USA
Sprint
Higher jobless rates could be new normal
Washington reports that even with revival, many jobs lost in the recession may be gone forever and the job market could remain weak for years. Economists warn the auto and construction sectors may not drive growth soon while debt and lending constraints curb hiring and spending.
MENTIONED IN THIS ARTICLE
Washington
U.S
Detroit
Mark Zandi
Moody's Economy.com
Zandi
Heidi Schierholz
Labor-Oriented Economic Policy Institute
Roundup of crude price rise and big newsroom cutbacks
Crude nears 80 while gas prices climb amid weak demand. The New York Times plans up to 150 job cuts, including 100 newsroom positions, with voluntary buyouts first and layoffs if targets aren’t met. Also, automotive prize finalists narrowed to 43 teams for a $10 million contest. Washington introduces a housing finance plan using Fannie Mae and Freddie Mac to back mortgages.
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New York
The
New York Times
Times
Tata Motors
Cornell University
Progressive Insurance Automotive Prize
Washington
Obama
Fannie Mae
Freddie Mac
Treasury Department
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
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Russell
Nyse Amex
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Engex
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OTC
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Intel
Oilsands
Oracle
FredMac
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Nvidia
At&t Inc
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BostonSci
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CIT G NY
NokiaCp NY
Cedarf NY
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CntryTel NY
Northropg NY
Oracle Nash
NC NY
Daimier Darden NY
ParkarHan
Diebold
Penney NY
Pfizer NY
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NY DineEquity NY
PolyOne NY
Dirfbull Rsiv
Etrat
Prushs&p NY
Emerson € NY
Proushire NY
FannieMae NY
ProdGam NY
RPM
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FirstEngy NY
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Sears
Nasd
Freda NY
Sherwin NY
GenElec NY
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Goodrich NY
Smucker NY
Homed
SprintNex NY
Honcilnts NY
Spor NY
Spor Friel NY
Ishemkts NY
Steris NY
Ishrak NY
TalwSemi NY
Intel Nash
Texinst NY
Nvacare NY
Usstea! NY
Jpmorgch NY
WalMart
SPO Exch
Eterda Weel
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Chicago Board of Trade
CME
Chicago Mercantile
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New York Mercantile Exchange
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Also Mentioned on This Page
Jim Abrams
Associated Press
Fin
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Eau of Labor Statistics
Lowell McAdam
Tom Baum
Energy Information Administration
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