Eliminating Holiday Debt

Jan 16, 2004/ FW/ --- Now that the holidays are over, millions of Americans are not rejoicing over what they are left with -- unwelcome holiday debt. According to a recent survey for leading financial website Quicken.com, 39 percent of Americans set a budget for their holiday spending but only 50 percent stuck to it. [more]

J.P. Morgan Chase & Co. and Bank One Announce Merger

Jan 15, 2004/ FW/ --- J.P. Morgan Chase & Co. and Bank One today announced that they will merge, creating the second largest banking franchise in the U.S., based on core deposits. [more]

French Court Upholds LVMH Claims Against Morgan Stanley

PARIS, Jan 12, 2004/ FW/ --- The legal battle between French luxury giant LVMH and U.S. investment firm Morgan Stanley was decided today in Paris with the Paris Commercial Court ruling that “the claims brought by LVMH against Morgan Stanley demonstrate “gross misconduct” against LVMH, causing it “considerable financial and reputational harm” and ordered the bank to pay LVMH euro 30 million in damages.” [more]

Gift Cards Keep On Giving

DALLAS, Jan 12, 2004/ FW/ --- Gift cards used to be known as the “gift of last resort.” Usually chosen for the “person who has everything,” the gift card is extending the holiday shopping season for retailers. [more]

28% of Americans Say Getting Out of Debt is Their Top New Year's Resolution

Jan 9, 2004/ FW/ --- More than one quarter (28%) of all Americans say getting out of debt is their top New Year's resolution, closely followed (27%) by the perennial favorite of losing weight and exercising more, according to the Cambridge Consumer Credit Index. [more]