Consumer

Portuguese families struggle to meet debt repayments

Portugal’s economy is strapped for cash – but so too are its citizens. With unemployment at a 30-year high, millions of families are struggling with debt, and an increasing number are defaulting on their loans. Duration: 02:13

Duration : 0:2:14

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Technorati Tags: bailout, Consumer, Debt, economy, portugal, web

Tags: bailout, Consumer, Debt, economy, portugal, web

Debt 4 Comments

Carr Says Cloud Platform `Preferred Target’ of Hackers

April 27 (Bloomberg) — Jeffrey Carr, author of “Inside Cyber Warfare: Mapping the Cyber Underworld,” talks about a possible security breach at Sony Corp.
Sony warned its 77 million PlayStation Network and Qriocity online service customers that their credit-card data, billing addresses and other personal information may have been stolen by a hacker. (Source: Bloomberg)

Duration : 0:4:14

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Credit Cards Comments Off

David Lazarus on Capital One resurrecting old debt

The bank billed a Hollywood couple for a $2,000 credit card balance it wrote off 10 years ago plus interest — a total of $5,195 — even though the statute of limitations has passed.

Gross Says Pimco Not a Buyer of Portugal’s Debt at Sale

Jan. 12 (Bloomberg) — Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., discusses the debt sold today at auction by Portugal.
Gross, who speaks with Margaret Brennan on Bloomberg Television’s “InBusiness,” also talks about the municipal bond market, Federal Reserve policy and investment strategy. (Source: Bloomberg)

Duration : 0:8:45

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Debt 1 Comment

American Consumers Foregoing Credit Cards

FBN’s Bulls and Bears Panel debates whether recent spending trends prove Americans are becoming more debt-conscious.

Duration : 0:6:35

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Technorati Tags: Consumer, Debt, economy, finance, Government, holiday shopping, spending

Tags: Consumer, Debt, economy, finance, Government, holiday shopping, spending

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Durbin Says More Disclosure Needed on Credit Card Fees

Dec. 17 (Bloomberg) — U.S. Senator Richard Durbin, an Illinois Democrat, discusses proposed rules by the Federal Reserve that could cut debit-card transaction fees by 90 percent.
Durbin, speaking with Peter Cook in Washington on Bloomberg Television’s “InBusiness,” also discusses Congress’s decision to pass an $858 billion bill that extends for two years all the Bush-era tax cuts. (Source: Bloomberg)

Duration : 0:3:49

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Bhattacharya Says Zipmark Fees Lower Than Card Company

Dec. 7 (Bloomberg) — Jayastu Bhattacharya, chief executive officer of Zipmark Inc., talks about prospects for the mobile payment platform.
Bhattacharya speaks with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

Duration : 0:5:26

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Thompson Says PayPal’s Growth Outside U.S. Is `Enormous’: Video

Oct. 27 (Bloomberg) — Scott Thompson, president and chief executive officer of PayPal Inc., talks about company’s relationship with parent firm EBay Inc., competition with credit-card companies and PayPal’s growth outlook.
Thompson talks with Cris Valerio on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Duration : 0:5:21

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Credit Cards 1 Comment

Discover’s Offereins Sees Opportunity on Antitrust Case: Video

Oct. 7 (Bloomberg) — Diane Offereins, president of payment services at Discover Financial Services, talks about the outlook for the credit-card company and the implications of the U.S. Justice Department’s settlement of an antitrust complaint with Visa Inc. and Mastercard Inc.
Offereins, speaking with Margaret Brennan on Bloomberg Television’s “InBusiness,” also discusses consumer spending habits. (Source: Bloomberg)