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Business/Finance

TOP STORY
To lower interest rates, Citi customers must spend

For Citibank credit card holders, there is one way to escape the bank’s rate hikes currently under way: Meet a monthly spending requirement.
Sony hopes online service will build brand loyalty
Sony’s new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.

House moves to protect doctors from Medicare cuts
The Democratic-controlled House voted Thursday to add more than $200 billion to the deficit to prevent steep Medicare payment cuts to doctors, a move Republicans denounced as a political payoff.

Microsoft’s cloud computing system is growing up
Microsoft Corp. leads its industry in part because a vast army of outside computer programmers design software that only runs on its Windows operating system. Now, the company is fighting to keep those programmers working with its tools as technology undergoes a massive shift.

Senators blast Web sites for scamming shoppers
With Cyber Monday, the unofficial start of the Internet holiday shopping season nearing, a Senate committee Tuesday condemned three online companies, saying they are tricking consumers into signing up for subscription services they don’t want.

FBI says hackers targeting law firms, PR companies
Hackers are increasingly targeting law firms and public relations companies with a sophisticated e-mail scheme that breaks into their computer networks to steal sensitive data, often linked to large corporate clients doing business overseas.

Tobacco execs quickly find tax loophole
With a simple marketing twist, tobacco companies are avoiding hundreds of millions of dollars a year in taxes by exploiting a loophole in President Barack Obama’s child health law.

T-Mobile resumes sale of Sidekicks after data loss
T-Mobile USA resumed selling Sidekick phones Tuesday, more than a month after a server meltdown at Microsoft Corp. caused contact numbers, pictures and other personal information to disappear from many of the phones.

Jobless benefits could end for many in January
More than 1 million people will run out of unemployment benefits in January unless Congress quickly extends federal emergency aid, a nonprofit group said Wednesday.

FACT CHECK: Stimulus money to phantom districts?
Did the Obama administration really pump billions of dollars into phantom congressional districts?

Geithner: US must not drop ball on financial fix
Treasury Secretary Timothy Geithner told Congress on Tuesday that efforts to strengthen the global financial system to prevent another deep crisis will falter if the United States drops the ball on overhauling regulation of its own banking system.

Democrats promise jobs bill
House Democrats are looking at swelling deficits further, at least temporarily, on a jobs-producing bill in response to double-digit unemployment and a sense within their ranks that the party needs to do more to put people back to work.

Urban League and partner to offer small biz loans
The National Urban League is teaming with a small-business financial specialist to offer loans to companies unable to get approved by banks.

Small firms scrapping, scaling back health plans
Across the country, businesses already strapped by the economy to turn a profit are sacrificing or scaling back employee health insurance plans because of their escalating costs.

Senate hears need for bank overdraft controls
Consumer advocates on Tuesday urged Congress to move forward on legislation to curb bank practices under which a cup of coffee bought with an overextended debit card can turn into a $40 expense.

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