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- Retailers Target, Nordstrom hit crunch with branded cards (USA Today)
Retailers such as Target and Nordstrom are facing surging credit card delinquencies. Many retailers have a store-branded credit card, though many have unloaded their credit card portfolios to banks.Target and Nordstrom, among a handful of other retailers, defied this trend, which looked like a smart move when times were good. Retail credit cards typically charge interest rates of 20% of more, ...
www.usatoday.com
- Gov. Bredesen: No plans to bolt for Washington (WMCTV Memphis)
Worsening state economic conditions combined with a Republican takeover of both chambers of the Tennessee Legislature have led to increasing speculation that Democratic Gov. Phil Bredesen might want to bolt for Washington. But that would first require a job offer from president-elect Barack Obama.
www.wmctv.com
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