Stocks Rise on Earnings Forecasts; Credit Swaps Fall, Yen Gains (Bloomberg)
Posted in Credit Card Debt, Loan Modifications by admin on July 21st, 2009
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July 21 (Bloomberg) — European stocks rose for the seventh straight day, the longest winning streak since credit markets froze in August 2007, as companies raised their profit forecasts.
Credit Suisse Reverses Preference for Bonds, Favors Equities (Bloomberg)
July 21 (Bloomberg) — Credit Suisse Group AG switched its preference for government bonds in favor of stocks and raised its estimate for the Standard & Poors 500 Index by 14 percent to 1,050, citing improving economic indicators and earnings.
United Airlines set to stop processing credit cards from some travel agenices (Denver Post)
United Airlines was set to stop processing credit-card transactions for certain travel agencies Monday, according to a report in The New York Post. Travel agents will have to begin paying the credit-card fees, which are roughly 3.5 percent of a ticket price, according to the report.
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