Credit card firms face fee class action

Credit card firms face fee class action

AAP Credit card holders who have been stung by $30 late fees are joining a class action over what lawyers call "unlawful penalties". Lawyers will argue GE Capital Finance and HSBC's late fees are an unlawful penalty because they don't reflect the actual loss to the finance companies. Steven Lewis from ACA Lawyers said the action was about justice for anyone who has had to pay a late fee to those…

Australian Markets

  • SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment … GlobeNewswire - Sat, Feb 28, 2015 2:22 PM AEDT

    STEVENSON, Md. -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern ...

  • Voltari Announces Launch of Rights Offering GlobeNewswire - Sat, Feb 28, 2015 9:25 AM AEDT

    NEW YORK -- Voltari Corporation announced today it has commenced its previously announced rights offering of up to 4,300,000 shares of common stock to existing stockholders.

  • Premier Exhibitions Announces One-For-Ten Reverse Stock Split GlobeNewswire - Sat, Feb 28, 2015 6:26 AM AEDT

    ATLANTA -- Premier Exhibitions, Inc. today announced that its shareholders have approved a 1-for-10 reverse stock split of all shares of the Company's common stock. The reverse stock split will take effect ...

  • Great Value Stocks for a Hot Market US News - Sat, Feb 28, 2015 1:05 AM AEDT

    In today`s article, we will use the principles of value investing to search for stocks that remain undervalued, in spite of current market conditions. Value investing as an investment discipline is not a set of hard-and-fast rules. Find companies with a long-term track record of growing revenue and earnings per share. Rather than being concerned with the last quarter's earnings, value investors wish to invest in companies that have displayed a long-term (10 years or more) history of growing their businesses.

  • Aussie shares close higher AAP - Fri, Feb 27, 2015 4:17 PM AEDT

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Stocks to watch at noon on Friday AAP - Fri, Feb 27, 2015 12:29 PM AEDT

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Stock market shrugs off net neutrality vote Associated Press - Fri, Feb 27, 2015 9:31 AM AEDT

    The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast ...

  • Tech stocks soaring again, but with stronger wings this time Associated Press - Fri, Feb 27, 2015 5:49 AM AEDT

    Whenever you hear, "this time is different," the wise move is usually to ignore it. But when it comes to technology stocks, which are flying at levels unseen since the dot-com boom was about ...

  • Stocks to watch at noon on Thursday AAP - Thu, Feb 26, 2015 12:21 PM AEDT
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange at noon on Thursday: ABC - ADELAIDE BRIGHTON - up 23 cents, or 5.91 per cent, at $4.12 Construction materials group Adelaide Brighton expects prices and ...

 

Company Finances

  • Ireland looks forward to dairy boom once EU quotas go AFP - 15 hours ago
    Ireland looks forward to dairy boom once EU quotas go

    Four weeks from the lifting of European Union milk quotas, Ireland is looking forward to a radical shake-up of its farming sector that would boost dairy output by 50 percent over the next five years. Exporters are aiming to expand sales of Irish milk and cheese in a boom that would make Ireland the fastest-growing dairy producer in the world. "Good riddance is what I'll say about the quotas," said Mike Magan, a dairy farmer in County Longford in central Ireland. The quotas, which end on March 31, were introduced in 1984 to prevent over-production, and Irish agriculture minister Simon Coveney told AFP their abolition was "the most fundamental change to Irish agriculture in a generation".

  • Maine mill joins complaint against Canadian paper maker Associated Press - 17 hours ago

    Madison Paper Industries has joined a Minnesota paper mill seeking higher import duties on a special publishing paper made by a Canadian mill. The Morning Sentinel reports (http://bit.ly/1E586xe ) they ...

  • As tastes change, big food makers try hipster guises Associated Press - Sat, Feb 28, 2015 10:30 AM AEDT
    As tastes change, big food makers try hipster guises

    At a taco shop in Southern California, milkshakes are served in mason jars and a chalkboard menu lists "The 1%er" made with lobster meat. The logo is a pink skull and instead of buzzers, customers ...

  • Final Glance: Food companies Associated Press - Sat, Feb 28, 2015 10:02 AM AEDT

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.31 or .9 percent, to $34.98. General Mills Inc. rose $.37 or .7 percent, to $53.79. Hormel Foods Corp. rose ...

  • Final Glance: Tools and Appliances companies Associated Press - Sat, Feb 28, 2015 10:02 AM AEDT

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.10 or .4 percent, to $25.99. Snap-On rose $.02 or percent, to $147.23. Stanley Works fell ...

  • Final Glance: Consumer companies Associated Press - Sat, Feb 28, 2015 10:02 AM AEDT

    Shares of some top consumer companies were down at the close of trading: Clorox fell $.46 or .4 percent, to $108.64. Colgate-Palmolive Co. fell $.29 or .4 percent, to $70.82. Kimberly-Clark Corp. fell ...

  • Final Glance: Beverages companies Associated Press - Sat, Feb 28, 2015 10:02 AM AEDT

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR fell $.83 or .7 percent, to $126.66. Coca-Cola Co. rose $.84 or 2.0 percent, to $43.30. Dr Pepper Snapple ...

  • Alico, Inc. Announces Fiscal Year 2015 Second Quarter Dividend and Election of Directors GlobeNewswire - Sat, Feb 28, 2015 8:15 AM AEDT

    Per share dividend of six cents to be paid on April 15, 2015

  • MaxLinear and Entropic Announce Early Termination of Hart-Scott-Rodino Waiting Period for MaxLinear's … GlobeNewswire - Sat, Feb 28, 2015 8:05 AM AEDT

    CARLSBAD, Calif. and SAN DIEGO -- MaxLinear, Inc. (or "MaxLinear") and Entropic Communications, Inc. (or "Entropic") today announced that the U.S. Federal Trade Commission (FTC) has ...

  • Midday Glance: Restaurant companies Associated Press - Sat, Feb 28, 2015 5:26 AM AEDT

    Shares of some top restaurant companies are mixed at 1 p.m.: Brinker International Inc. fell $.73 or 1.2 percent, to $59.80. Chipotle Mexican Grill Inc. fell $.50 or .1 percent, to $669.79. Darden Restaurants ...