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  1. FTC sues Gerber over claims on infant formulaThu, 30 Oct 2014 18:51:41 GMT
    WASHINGTON >> Federal regulators are suing Gerber, the well-known baby food maker, for claiming that its Good Start Gentle formula can prevent or reduce allergies in children. The Federal Trade Commission says that claim is bogus and that the New Jersey-based company misled consumers by suggesting that its formula was the first to meet government approval for reducing the risk of allergies. More...
  2. Poll shows holiday shoppers trimming their spending on giftsThu, 30 Oct 2014 14:51:29 GMT
    A survey on holiday spending suggests that Canadian shoppers may be more likely to channel their inner Scrooge this year. The Bank of Montreal survey shows Canadians polled expected to spend an average of $1,517 - down from $1,810 in 2013, and the lowest estimate in three years. More...
  3. Wells Fargo faces whistleblower lawsuit over Wachovia's banking practicesThu, 30 Oct 2014 11:01:49 GMT
    Whistleblowers, including one from the Bay Area, are suing Wells Fargo alleging improper accounting controls and banking practices in Wachovia's investment bank ahead of the 2008 financial crisis, the Charlotte Observer reported. In July, the U.S. Justice Department declined to officially join the suit but said the whistleblowers could continue the case on their own, the Charlotte newspaper reported. More...
  4. ECB says banking sector continuing to heal, slowlyThu, 30 Oct 2014 07:13:44 GMT
    Just a few days after the European Central Bank gave most eurozone banks a clean bill of health, its quarterly bank lending survey showed that banks are easing credit standards for customers across all loan categories. The Euro logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, Germany. More...
  5. Fed is expected to signal no rate hikes imminentThu, 30 Oct 2014 03:25:24 GMT
    In this Oct. 22, 2014 file photo, Federal Reserve Chairwoman Janet Yellen speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington. Ending a two-day discussion Wednesday, Oct. 29, 2014, the Fed is expected to announce the end of its monthly bond buying program. More...
  6. Frost Bank reports strong third quarter earningsWed, 29 Oct 2014 23:33:38 GMT
    Cullen/Frost Chairman and CEO Dick Evans says the merger with WNB Bancshares Inc. in the Permian Basin region of West Texas contributed to Frost Bank's strong earnings during the third quarter. Cullen/Frost Bankers Inc. reported strong growth in deposits and loans during the third quarter of 2014 and a nearly 30 percent increase in net income compared to a year ago. More...
  7. UK woes to drag NAB's profit lowerWed, 29 Oct 2014 19:33:23 GMT
    National Australia Bank is expected to confirm a fall in annual profit on Thursday due to more than $1 billion in costs at its troubled UK operations. The country's largest business lender is still expected to have made a cash profit of close to $5.2 billion in the year to September, but that is down about 12 per cent from the prior year. More...
  8. Wells Fargo offers credit cardholders $20 to try Apple PayWed, 29 Oct 2014 15:36:36 GMT
    Wells Fargo & Co. flexed its powerful marketing muscle this week when it offered 20 bucks for its credit cardholders to try Apple Pay. More...
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