Costco's Artful Discounts (BusinessWeek) and Three valuable lessons learned from the financial crisis (MarketWatch)

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City of Industry, CA --(www.USEquityNews.com)-- 10/16/2008 - Banking industry alert provided by U.S. Equity News. In the fickle world of retailing, where hot concepts can be as fleeting as pop stardom, Costco (Nasdaq: COST) has been a fortress of stability over the years. [Read the full article]


NEW YORK (MarketWatch) -- Wow. I bet a lot of you are surprised at the size of the bubble and the size of the burst. Didn't see that coming, right? Established businesses, managed and staffed by experienced financial risk management professionals, lending to people who didn't need to borrow, just like the good old days of "It's a Wonderful Life."

I saw the exploding debt load America was carrying as I was meeting and coaching real people on shows like Dr. Phil. But that's not the point. [Read the full article]

Recent consolidation in the banking industry could be bad news for consumers. Here is what you need to know. 1. Be wary of fees. There are business costs with consolidation. And when banks consolidate, you could pay the price, experts say.
As usual, it's up to you, the consumer, to be wary.The Public Interest Research Group suggests that when there are fewer banks, there are fewer choices for consumers. [Read the full article]

The Federal Reserve and U.S. Treasury may be moving to buttress America's banks and keep the loans flowing. But General Motors Acceptance Corp., the finance company that is 51%-owned by Cerberus Capital Management and the rest by General Motors (NYSE: GM), didn't get the memo. Instead, the auto- and home-loan company sent a letter to GM dealers on Oct. 13 saying that the company won't loan money to car buyers with credit scores lower than 700. Consumers with credit scores above 680 are considered prime-credit borrowers. [Read the full article]

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