Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
President Obama on Thursday met with executives of credit card divisions for major banks to discuss the impact of the economic crisis on consumers. Afterward, Obama said that he had a “constructive meeting” with the…
Exxon Mobil Corp. bumped Wal-Mart Stores, Inc. out of the number one position in the 2009 Fortune 500 list released on Sunday. Fortune’s list ranks companies by their annual revenue. Exxon-Mobil surpassed the retail giant’s…
Bank of America, which has received $45 billion of the Treasury’s $700 billion financial rescue package, surprised investors today by announcing first-quarter 2009 net income of $4.2 billion. Investors may have been surprised, but they…
Citigroup surprised Wall Street on Friday by ending their five-quarter losing streak and reporting a better-than-expected loss per share. The New York-based bank posted a net income of $1.6 billion for the first quarter of…
In an effort to demonstrate President Obama’s commitment to openness and transparency, the tax returns of the President and Vice President were released to the public on April 15. The President and First Lady filed…
The Federal Trade Commission announced on Tuesday a multi-agency effort to crack down on foreclosure rescue fraud and loan modification scams. The economic crisis has forced many struggling homeowners to look for a way to…
The Federal Trade Commission reported on Wednesday that it has charged seven related companies with violating federal law by falsely promising to remove negative marks on consumer’s credit reports. The complaint was filed in the…
Vice-President Joe Biden’s office announced today the release of nearly $100 million made available by the American Recovery and Reinvestment Act 2009 to support senior nutrition programs. The funding will be released to the Department…
American International Group, bailed out four times with up to $170 billion and now almost 80% government-owned, is under fire for paying executive bonuses last week to the very division responsible for the credit default…
Facts about the Child and Dependant Care Tax Credit 2009 If you paid someone to care for your child, spouse, or dependant so that you or your spouse could work or look for work, you…