NEW YORK— Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected.» Read More
The search of a market bottom likely will continue through the rest of the year and into 2009, as signs begin to emerge that a turning point is not yet upon Wall Street.
American Express reported a profit that fell from last year, but the shares rose in late trading as earnings blew past analysts' estimates.
Do you have what it takes to tackle the Credit Free Holiday challenge? Sure you do!
More Americans are having trouble paying off their credit card balances. That has pushed up losses for credit card issuers.
Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the economy won't be as severe as the housing slump, analysts say
Here's the good that will come from everything that's going on right now.
Government relief plans, massive merger integrations and, oh yeah, actual banking results. How do you digest all that into a buy or sell order for JPM? Read on for more issues you need to consider before testing the waters of this bank's equity pool.
Our credit and consumer expert reveals a new way to think about bankruptcy protection.
Our credit expert breaks down and grades the different options for digging out of debt.
Watching Dow 10,000 fall by the wayside is bad enough. But while stocks will recover, those hurt by the credit crisis may not.
As the credit crunch weighs on the financial services sector, credit card issuers are tightening lending terms with consumers, from lowering borrowing limits to closing dormant accounts, to lower their risk profile.
Ending a tumultuous week, in Friday's Web Extra, Carmen breaks down how the bailout vote impacts you and how you should think about preserving your savings.
This once-great company now operates in some of the worst parts of the economy.
As the credit crisis spreads around the globe, it is reverberating back to Main Street in ways never seen before. As such, stories similar to the Hendrick's Turf farm are being played out across America.
Is Bank of America closing credit cards to people with bad credit scores? The answer to this and other rumors here.
The credit freeze, which is shifting into overdrive heading into the holiday season, is expected to hit consumers harder than corporate America.
We're about to learn the hard way what I've been saying for years: credit isn't a right, it's a privilege.
As Wall Street struggles to find a way forward, many on Main Street are asking how we got here in the first place.
While most of the nation’s attention is focused on saving behemoth financial firms, small businesses are struggling to ride out a perfect storm of tougher credit conditions in a badly hobbled economy.
If nothing else, this financial crisis affords us all a great opening to re-evaluate our wealth-building strategies, our contributor says.