November 1st, 2011
11:54 AM ET

Bank of America dropping planned $5 debit card fee

Bank of America is dropping its planned $5 debit card usage fee after widespread customer complaints.

"In response to customer concerns and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage fee," the company said in a statement. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” said David Darnell, co-chief operating officer. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."

SunTrust, Regions latest banks to retreat on debit fees

Read's original piece on the planned fee here.

December 3rd, 2010
11:24 AM ET

Debt plan draws bipartisan support

Defying expectations, more than 60% of President Obama's debt commission voted Friday in favor of the group's final recommendations for reducing the country's long-term debt.

In a strong bipartisan showing, 11 of 18 members voted yes. Five Democrats, five Republicans and one independent voted in favor of the panel's debt-reduction plan. Those who voted against it included four Democrats and three Republicans.

But the result still fell short of the 14 votes needed in order for the commission to present its recommendations to Congress for a legislative vote.


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Filed under: Economy
November 26th, 2010
08:49 AM ET

Black Friday 2010 starts with a bang

Neither rain nor snow could keep throngs of determined bargain hunters from hitting stores nationwide at the stroke of midnight on Black Friday, one of the biggest sales days of the year.

Black Friday, the day after Thanksgiving, typically marks the start of the annual holiday gift-buying marathon. This year, retailers are eager to rev up their holiday sales as soon as possible to make up for the past two lackluster holiday seasons.


Bargain-hunters camp out at store Video

Should you wait in line? Or log on? Video

Black Friday: Pleasure or pain?

Going mobile | Tips | Tech turkeys

Full Coverage: Holiday Shopping

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Filed under: Economy
August 26th, 2010
01:36 PM ET

Toyota announced voluntary safety recall for Corollas

Toyota has announced a "Voluntary Safety Recall" on Certain Toyota Corolla and Corolla Matrix Models, has confirmed.

The company says the recall is to address some “Engine Control Modules (ECM) that may have been improperly manufactured.”

The voluntary recall is for the approximately 1.13 million 2005-2008 model Corolla and Corolla Matrix models sold in North America.

No other Toyota or Lexus vehicles are involved in this recall, the company says.

There are three unconfirmed accidents alleged to be related to this condition, one of which reported a minor injury, the company says in its press release.


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Filed under: Recalls • Toyota