Fed Caps Debit Card Fees for Merchants
The cap is a defeat for banks generally, although the news was not as bad as banks expected. The limits are significantly higher than the initially proposed cap of 12 cents a transaction laid out by...
View ArticleStocks Seek Direction
Investor sentiment in Europe was hurt by a report from the Z.E.W. economic research institute showing that confidence was declining in Germany. Z.E.W.’s economic sentiment indicator fell in November...
View ArticleSAP Sees Profitability Rise on New Web Products
SAP, based in Walldorf, southern Germany, is betting on faster growing, web-based software products that are less vulnerable to the economic downturn as there are no upfront costs for program licenses,...
View ArticleMarkets Soar to New Highs on Jobs Data
The indexes’ surge to fresh records was propelled by the announcement that the economy added 168,000 jobs in April and significantly more than had been initially reported in February and March. The job...
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