Discount stores have become a favorite for many in this sluggish economy. Now add J.C. Penney to that list of places you can go and always find a bargain. The long-enduring department store has announced that it will be eliminating most of its sales and marking down all merchandise by at least 40 percent — [...]
One of the questionable secrets of the health care industry in the United States is the perks that drug companies give to doctors. Many see it as a major conflict of interest, and the government is drawing up legislation to compel drug companies to disclose such payments. Rules on gifts from pharma firms overdue For [...]
Honda Motor Co. is expanding an earlier recall of Civic, Accord and other models for possible defects in its airbags. About 304,000 vehicles are being recalled in this expansion. The defect could send potentially fatal plastic and metal shards flying when the airbag is deployed in an accident. The recall was announced by the Japanese [...]
The Attorney General of Massachusetts announced Thursday that she is suing five of the nation’s largest banks. The banks have been charged with deceptive foreclosure practices, including “robo-signing” legal documents. The move could potentially undermine negotiations between the banks, state prosecutors and the White House. Five banks named in suit The lawsuit names Bank of [...]
A Republican-controlled House passed a bill Thursday that could approve the TransCanada Corp.’s Keystone XL pipeline project. The bill also could open portions of the nation’s coasts to offshore drilling. House GOP wants control of pipeline The legislation, approved 237-187, wrests control of the $7 billion Keystone project away from the Obama administration. If passed [...]
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The newly-opened Consumer Financial Protection Bureau announced Wednesday that it will be looking into banking practices as they relate to overdraft fees. Near the top of consumer complaints, banks say that overdraft fees are a fair way to keep customers from getting overextended. Others say they are just a profit-making venture. CFPB probes banking practices [...]
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