January 2012
2 posts
1 tag
Is Bank of America Really Cutting Small Business...
In the first week of January, the Los Angeles Times reported that Bank of America was cutting the credit lines of some small businesses and demanding lump sum payments instead of monthly installments.
The Times reported that those who couldn’t make the lump sum payments would be offered longer term repayment plans — but at much higher interest rates than the money was borrowed at.
At the time,...
1 tag
US retail gas prices stay at record levels for...
By Associated Press, Updated: Friday, January 20, 2:47 PM
NEW YORK — The price of oil lingered around $100 a barrel this week, helping to keep retail gasoline prices at their highest levels ever for this time of year.
Crude has ranged from about $98 per barrel to around $102 per barrel this week. On Friday benchmark oil fell $2.21 to end at $98.33 per barrel in New York. The national average for...
