News

Aiming to blunt negative fallout from the closing of Central States Mortgage Corp., the Wisconsin Credit Union League said the problems at CSMC are an anomaly as distinguished from a "healthy growing industry with a strong performance in 2008."

Even as plaintiff's lawyers swarm like hornets, its stock price has plummeted and it has had to cut its dividend, Heartland Payment Systems has not lost merchant processing clients as a result of the biggest card security data breach in history.

Bernard Madoff's $10 million bail was revoked and he was immediately sent to jail to await sentencing for his role in a $65 billion Ponzi scheme.

Citigroup's recent profit numbers coupled with a market rally has offered a glimmer of confidence to investors.

Foreclosure filings, bank repossessions and similar actions increased 5.9% last month and were up 29.9% over February 2008, according to a report released today by RealtyTrac, an online seller of foreclosed properties.

The recession continued to cause consumers to cut back on spending in some areas of the economy, the Commerce Department reported today.