IBT Staff Reporter

65911-65940 (out of 154942)

Visa, MasterCard more investable after new fee rules

The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by some analysts, who expect the rules to be a huge boost to card networks Visa and MasterCard .

Greece passes austerity after trouble-free vote

The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.

HSBC adds to sweeping bank job cuts in Europe

HSBC Holdings Plc is poised to chop about 700 jobs in its UK retail bank arm, as staff cuts begin in earnest at banks across Europe battling a limp economic recovery, trading woes and tougher regulation.

Reid Cancels July 4th Recess

Senators stalled on budget talks will have to miss Fourth of July festivities as the chamber’s top Democrat signaled there will be no recess.

Analysts upbeat on Visa, MasterCard after new card fee

The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by analysts, who see the rules being a huge boost to card networks Visa and MasterCard .

HMV to refocus on gadgets as profits slump

British retailer HMV Group Plc aims to ramp up sales of MP3 players, headphones and tablet computers to offset sliding demand for CDs and DVDs and inspire a recovery from near collapse.

U.S. caught China buying more debt than disclosed

The rules of Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America's delicate balancing act with its biggest creditor, China.

Dangers lurk beyond Greek parliament vote

The Greek parliament was set to approve detailed austerity and privatization bills on Thursday to secure emergency funds and avert imminent bankruptcy, but longer-term dangers still lurk.

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