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How Fusion-io Improves Companies’ Memory

New York’s attorney general has pressured Chase Bank into ending what he said was an “illegal” $10 monthly fee imposed on thousands of credit card accounts last November. The bank has also agreed to give refunds totaling $4.4 million to about 184,000…

Under pressure, Chase Bank to refund card fees

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The Schwinn Tailwind: An E-bike for Commuters

NEW YORK (Reuters) – Oil fell nearly 6 percent to below $50 a barrel on Monday, weighed down by the stronger U.S. dollar and a slump on global stock markets.

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Oil falls nearly 6 percent on dollar, stock market

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How to Think Outside the Box

WASHINGTON (Reuters) – President Barack Obama seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp’s chief executive, pushing Chrysler LLC toward a merger and threatening bankruptcy for both.

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Obama orders strong medicine for GM, Chrysler

NEW YORK (Reuters) – Stocks slid on Monday as the Obama administration raised the possibility of takeover and bankruptcy for two major U.S. automakers, and European bank rescues sent financial shares lower.

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Wall Street battered by automaker, bank worries

Tibet’s government-in-exile denounced a cyber spy network Monday for hacking into the organization’s computers, while a scholar said the sophisticated operation may have helped identify those inside Tibet who speak to exile groups. The exiled Tibetans were…

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Tibetan exiles condemn hacking of computers

WASHINGTON (Reuters) – Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.

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Global banks trying to fix compensation practices

FRANKFURT (Reuters) – The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.

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ECB refi rate to hit new record low, other steps eyed

President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility yesterday of controlled bankruptcy for one or both…

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Obama refuses Detroit more long-term bailout money, says additional concessions needed