Credit card charge-offs dip slightly in December (AP via Yahoo! News)
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The rate at which credit card companies wrote off consumer debt slowed slightly in December, but Moody’s Investors Services expects a sharp increase in coming months.
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January 25, 2010
January 24, 2010
Blockbuster keeps credit rating despite warning (AP via Yahoo! News)
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Blockbuster Inc.’s junk bonds won’t be downgraded further despite the movie rental company’s warning that earnings for 2009 will come in well below expectations, a credit ratings agency said Friday.
January 22, 2010
AmEx Profit Jumps as Credit Costs Shrink (TheStreet.com)
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American Express reported strong fourth-quarter earnings, topping Wall Street’s consensus view by 3 cents, as results were buoyed by lower credit costs.
January 21, 2010
Springtime house hunters out early thanks to tax credit (USA Today)
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The springtime spurt in home buying may hit before the snow melts this year as buyers scramble to meet an April 30 tax credit deadline.