Bills aim to keep big retailers out of banking
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U.S. House of Representatives  lawmakers this week will propose restricting ownership of banks  by commercial companies in a legislative push to derail the  efforts of retailing giants to move into financial services.
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With the threat of new regulations looming, some credit card issuers on Wednesday promised lawmakers they would ease penalties and simplify tiny-print disclosures that few consumers read.
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These are tough times for the Salvation Army&#39;s bell-ringers. On Nov. 25, giant discounter Target Corp. (TGT ) began enforcing a longstanding ban that prevents charities from collecting donations outside its stores.
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The House Financial Services Committee plans a March 22 hearing on whether to close the federal banking loophole that allows retailers such as Wal-Mart Stores Inc. and Home Depot Inc. to operate banks, sources familiar with the matter said on Friday.
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Massachusetts' new top business regulator yesterday called on retailers to start disclosing how well they protect customer credit-card and debit-card data, an idea gaining traction after a data breach at retailer TJX Cos. last month.
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Mumbai: A single national entity for clearing all retail payments in the country has been mooted. A vision document for 2005-08 released by the Reserve Bank of India suggests that the central bank should offload
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Consumer spending, the critical bulwark that has kept the country out of a recession, is showing signs of cracking. Retail sales plunged by 0.4 percent last month as consumers battered by a sinking housing market, rising unemployment and the credit crunch, handed retailers their worst Christmas in five years.
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Massive writedowns aren't the only thing banks need to look out for.
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BIG-NAME retailers in the US want to stop the Bush administration from curbing the import of popular Chinese-made apparel and textiles.
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The measure requires large stores to collect, transport and recycle the plastic carryout bags they issue to customers.
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Supermarkets could face multi-million pound fines.
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MSPs vote overwhelmingly to back plans to close large stores on Christmas Day and New Year's Day
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Christmas can&#39;t come soon enough for the nation&#39;s retailers, but this year, it also might not come strong enough. High energy costs, rising interest rates, and consumer unease about threats
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Banks may be taking cards  from reliable customers and giving them instead to riskier ones, an MP fears.
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Supermarkets that use their size to force down prices will be penalised under new plan
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Business & money: Banks and building societies start withdrawing products in response to Thursday's bank rate rise.
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Consumers who cut it close by paying bills from their checking accounts a couple of days before depositing funds will be out of luck under a new law that takes effect Oct. 28.