‘Business’ Archives
More Consumers Paying Off Credit Card Debt
Americans are seeing the wisdom of getting out of debt as more and more consumers are reducing their credit card debt and paying their bills on time. During the second quarter of 2010 the average combined debt for bank-issued credit fell to $4,951, a reduction of more than 13 percent from $5,719 in the same period a year ago, according to [...]
Dell To Buy 3PaR For $1.2 Billion
Dell announced plans Monday to buy 3PAR for about $1.2 billion in cash, or $18 a share. 3PAR's shares were recently up 87% at $18.01, while Dell was down 4 cents at $11.97. Dell will add a premium storage product to its portfolio which will reduce data management costs in the future. Projections are that this acquisition could reduce these [...]
Consumers, Credit Card Companies At Loggerheads
Smart consumers are finally realizing a low debt load, especially credit card debt, is a very good thing. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. However, they are feeling a double whammy with both Government regulations limiting the interest, fees, [...]
