August 17 Biz Minute

New York's Attorney General filed a lawsuit today against the brokerage unit of Charles Schwab, claiming the firm misled customers about the safety of auction-rate securities.
U.S. authorities announced today what they believed to be the largest hacking and identity theft case ever prosecuted in a scheme in which more than 130 million credit and debit card numbers were stolen... stay tuned
Lowe's said today its second-quarter earnings fell 19 percent on weaker-than-expected sales, adding fresh fuel to doubts about the ability and willingness of consumers to lead the U.S. economy out of recession.
The Federal Reserve has extended the length of a program intended to spur lending to consumers and small businesses at lower rates, but said it had no plans to expand the types of loans being made.
The publisher of Reader's Digest said today it will file for Chapter 11 protection with a plan to swap a portion of its debt for ownership of the company.

Category:

News & Politics

Tags:

• NY Attorney General
• AG
• Borkerage
• Charles Schwab
• security
• hacking
• identity theft
• scheme
• Lowes
• Recession
• Federal Reserve
• loans
• publisher
• readers digest
• chapter 11
• debt
• ownership