In a move that quietly flew under the radar, The Washington Post reported today that the US government granted Citigroup (NYSE:C) billions in tax exemptions as part of a deal between the company to repay TARP bailout money. The concession is designed to help the company survive the current economic crisis despite the gigantic taxpayer [...]
December 17th, 2009 | John | Comments | ContinuedAll Posts Tagged With: "Business News"
Banks Looking Toward Debit Card Loyalty Programs to Generate Revenue – Should Small Business Cooperate?
For a growing number of banks, their debit cards provided to customers may become the new credit card, as far as generating revenue, as regulations will cap what a bank can make on credit cards soon, forcing banks to look elsewhere for revenue.
For the first time this year debit card expenditures outpaced credit card expenditures, [...]
Banks Looking Toward Debit Card Loyalty Programs to Generate Revenue – Should Small Business Cooperate?
For a growing number of banks, their debit cards provided to customers may become the new credit card, as far as generating revenue, as regulations will cap what a bank can make on credit cards soon, forcing banks to look elsewhere for revenue.
For the first time this year debit card expenditures outpaced credit card expenditures, [...]
NFIB Opposes Senate Health Bill: “Disaster for Small Business”
The National Federation of Independent Business has come out with guns blazing against the Senate health care bill, frustrated that it would not only not help small businesses, but would be an additional burden to them, making it harder to be profitable. They call it a “disaster for small business.”
Senior vice president of the nation’s [...]
Warren Buffett, Goldman Sachs (NYSE:GS) Working Together to Help Small Business?
In an attempt to shore up their shattered images to many people, Warren Buffett of Berkshire Hathaway (NYSE:BRK-A) and Goldman Sachs (NYSE:GS) are working together in efforts to help small business. As big business siphoned off the stimulus dollars, largely leaving small business out in the cold, it seems this is an attempt to court public [...]
November 18th, 2009 | Gary | Comments | Continued
Wells Fargo (NYSE:WFC) Releases ‘CEO Mobile’ App for iPhone
The increased importance of catering to mobile phone users in general, and business mobile phone users in particular, has resulted in a new app for the iPhone from Wells Fargo (NYSE:WFC), and extension of ‘CEO Mobile.’
According to Amy L. Johnson, channel manager of the CEO Mobile service, this is in response to demand for an [...]
Small Business Strongly Opposes Health Care Bill
The vast majority of small businesses, including the major small business organizations like the National Federation of Independent Business and the U.S. Chamber of Commerce, strongly oppose the health legislation attempting to be brought up for a vote, as it could decimate small business and cause private insurers to pay more to compensate for the [...]
November 7th, 2009 | Gary | Comments | Continued
Small Businesses Largely Ignoring Google (NASDAQ:GOOG) Apps
Google (NASDSAQ: GOOG) has recently made a big push into the business software market with its Google Apps service, but has yet to gain any significant market share in small companies.
Google states that it has over 2 million small businesses using their business applications, but the reality is of those, only several hundred thousand of [...]
Thomson Reuters (TSE:TRI) Makes Offer for Online Financial Commentary Business ‘Breakingviews.com’
Knowing there is little chance to charge for straight business news, having become a commodity, Thomson Reuters (TSE:TRI) made a move into the financial commentary business by making an offer for Web financial news commentary site Breakingviews. The acquisition price offered is reportedly for about $18 million.
Being a strong brand, Thomson Reuters will keep the [...]
Small Business Credit a Long Way from Recovery
The majority of small business financing comes from personal credit cards, home equity lines and business credit lines. As most small business owners know, all three of these have dried up, and there is very little sign that this is going to change any time soon.
There are so many variables involved with this issue that [...]
KeyBank’s (NYSE:KEY)’Key4Women’ Program Exceeds Expectations
Saying it was determined to offer qualified women-owned businesses $2 billion in loans in 2007, with the goal of reaching those numbers by 2012, KeyBank (NYSE:KEY) recently announced that as of April 2009, they have already exceeded those goals, having over $2 billion in loans in place through the program.
Now that KeyBank has reached those [...]
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says. 
This dog of a stock is finally moving in the right direction, and then "Citibank's team of equity strategists" downgrade ...
The govt. is free to sell whenever it wants. This article is completely contrived. Why would he even suggest such ...