The Money Elf » 2008

GE Money departing from US, UK credit card mkts; to pursue growth in India (Express India)
General Electric Co is divesting consumer-finance businesses in the UK and Germany and selling its US corporate credit-card unit to concentrate on higher-margin areas and developing markets, GE Money’s chief executive said.

Thief steals tiny dog worth big money (FOX 13 Tampa Bay)
Someone stole a tiny dog worth a large amount of money from a Lutz pet store Tuesday. The dog is a 10-week-old tea cup Chihuahua, valued around $1,000.

Katrina victims may have to repay money (AP via Yahoo! News)
Imagine that your home was reduced to mold-covered wood framing by Hurricane Katrina.

Gen Y ‘money conscious, won’t move out’ (AAP via Yahoo!7 News)
A new survey of "Generation Y" Australians has revealed they are money-conscious and still likely to still be living at home.

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The Morning Line

Filed under: Uncategorized — superdiv @ 5:42 pm

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Visitors To Philly Raise Money For SEPTA Attack Victim’s Family (NBC 10 Philadelphia)

Filed under: Uncategorized — superdiv @ 5:42 am

Visitors To Philly Raise Money For SEPTA Attack Victim’s Family (NBC 10 Philadelphia)
Generous visitors to Philadelphia raise money for the grieving family of Sean Conroy who was randomly attacked on a SEPTA concourse earlier this week.

Thrifty living: Why does saving money end up costing so much? (Independent)
Some urgent questions about money. Is it better, spiritually and mentally, to work from a positive balance where your debts have been hidden away (or rather, offloaded on to a loan with a high interest-rate), rather than a permanently negative account that’s always overdrawn? And why is it that money streams out of your account faster than it clocks in; that the 300 spent at Topshop makes a …

Fake Marubeni papers used to lure investor money (Reuters via Yahoo! Malaysia News)
TOKYO, March 29 - Employees of Japan’s fifth-largest trading house, Marubeni Corp , were involved in forging documents to collect money from investors, a company official said on Saturday.

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March 27, 2008

Money-Market Rates Rise; Banks Fail to Quell Concern (Update4) (Bloomberg.com)

Filed under: Uncategorized — superdiv @ 5:42 pm

Money-Market Rates Rise; Banks Fail to Quell Concern (Update4) (Bloomberg.com)
March 27 (Bloomberg) — The cost of borrowing in euros and pounds rose to the highest since December after central bank offers of emergency cash failed to ease money-market tensions.

GE Money Swaps European Operations (AP via Yahoo! Finance)
GE Money and Commercial Finance, units of General Electric Co., agreed Thursday to exchange several European banking assets with a Spanish institution, Banco Santander SA.

American Express Buying GE Money Unit (AP via Yahoo! Finance)
American Express Co. said Thursday it will acquire the corporate payment services division of GE Money, a unit of General Electric Co., for $1.1 billion in cash.

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