Target posted third quarter earnings before the bell on Wednesday beating top and bottom line expectations as sales were solid and the credit card unit improved its performance.
Credit Suisse First Boston, the investment banking unit of Credit Suisse Group (nyse: CSR - news - people ), was probed for similar practices by the U.S. Securities and Exchange Commission and the NASD.
The breakthrough, after weeks of negotiations, was due to an agreement from conglomerate LG Group, that it would shoulder a majority of future losses at its credit-card unit.
The state also uses a liability estimation method (the Projected Unit Credit method) that modestly understates accrued pension benefits, and amortizes its unfunded pension liabilities over a period slightly longer than the 30 years recommended by GASB.
FORBES: Pat Quinn's Illinois Budget: Spending Up, Program Spending Down
Purcell pushed Mack out in 2001 and retained control of the firm until the spring, when he faced unrelenting pressure from shareholders to divest the firm of the underperforming brokerage business and the credit-card unit and focus the firm back on its core strength: institutional securities.
Credit to the bowling unit, we knew we had to build pressure.
CSFB, a unit of Credit Suissse Group (nyse: CSR - news - people ), said no criminal investigation is warranted.
Equifax this morning said it has agreed to acquire the credit services business assets and operations CSC Credit Services, a unit Computer Sciences Corp.
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"Sports- and entertainment-based facilities have had a really mixed history of success, so investors are becoming pickier about what they do, " said Joseph Krist, a municipal-credit analyst with a unit of Swiss bank UBS AG.
Barclays, Credit Agricole CIB and a unit of JPMorgan Chase were the lead managers of the offering.
"With iPod price cuts, Apple is choosing revenue over unit cannibalization, " Credit Suisse analyst Bill Shope wrote in a research note Monday.
Ron Papanek, who heads RiskMetrics' strategy unit, cautions that the credit grades aren't well suited to X-raying financial firms because of the complexity of the assets on their balance sheets.
The Economist Intelligence Unit's Country Risk service assesses credit risk across 120 countries.
In October, the company cut jobs at its Fingerhut Internet sales and catalog unit, which had been plagued by credit problems.
These are hardly excessive growth rates in normal times, much less in an economy with almost 10 percent unemployment, with capacity utilization down from the 80s to the 60s, and with nonbank credit sinking, productivity growing rapidly, and with unit labor cost declining.
Lastly, the IRS advises that if you think you may be at risk for identity theft due to a lost or stolen purse or wallet, questionable credit card activity, or unexpected bad credit report, contact the IRS Identity Protection Specialized Unit toll-free at 1-800-908-4490.
Experian Automotive is a unit of Experian plc, one of the three main credit bureaus, with U.S. headquarters in Costa Mesa, Calif.
FORBES: Volvo Buyers Have The Highest Credit Score, Surprisingly
An aircraft-leasing unit that was valuable to AIG when it had a high credit rating but has been a drag ever since will be offloaded, too.
One executive producer credit goes to an agency suit: Robert Riesenberg, who heads up production unit Magna Global Entertainment.
And in dollar terms, given the loss of productivity suffered by the Brazilian economy given substantial appreciation in their currency, unit labor costs have grown by 110% since 2005. (Read No Credit Bubble In Brazil, Just Dangerous Consumer Debt Burden).
A. unit purchased Monterrey, Mexico-based Banca Confia, which issues Visa and MasterCard credit cards to Mexicans that can be used in Cuba. (Credit cards issued in the U.S. aren't allowed in Cuba.) The impact on Citigroup's bottom line may be minuscule, but it's a toe in the Cuban door.
One option that has repeatedly been raised is for the firm to sell all or part of its Neuberger and Berman asset-management unit, but that would leave it with a large proportion of assets impacted by the credit-market turmoil.
A. unit purchased Monterrey, Mexico-based Banca Confia, which issues to Mexicans Visa and MasterCard credit cards that can be used in Cuba. (Credit cards issued in the U.S. aren't accepted in Cuba.) The impact on Citigroup's bottom line may be minuscule, but it's a toe in the Cuban door.
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