Fraud-Alert Service Pays $12 Million Settlement

Lifelock, the company that brazenly broadcast its chief executive’s Social Security number as part of its claim that it could protect anyone against identity theft, agreed on Tuesday to pay $12 million to settle charges that it misled consumers about the effectiveness of its service. The settlement, announced by the Federal Trade Commission and a […]

Gangster ring busted in historic scam

Dozens charged with largest Medicare scam ever A vast network of Armenian gangsters and their associates used phantom health care clinics and other means to try to cheat Medicare out of $163 million, the largest fraud by one criminal enterprise in the program’s history, U.S. authorities said Wednesday. Federal prosecutors in New York and elsewhere […]

Abercrombie & Fitch Pays CEO Millions to Stop Flying

Through the Great Recession, few brands struggled as much as Abercrombie & Fitch, the company that sells preppy, casual clothes to teens and young adults. While other retailers were slashing prices to attract consumers, the company was still pushing $90 pants, and stuck to its “aspirational” marketing campaigns featuring half-naked models. The tone-deaf strategy backfired: […]

Bank of America to stop debit card overdrafts

NEW YORK (AP) — Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It’s a step that may become a common move ahead of new regulations limiting overdraft fees. Rules set by the Federal Reserve that will ban banks from charging such […]

Costly Pro Athlete Screw-Ups

Almost 80 percent of National Football League players are flirting with bankruptcy two years after they retire, according to Sports Illustrated. NBA players aren’t faring much better. 60 percent of former National Basketball Association players end up broke within five years of retirement. Athletes squander millions of dollars due to bad decisions, lavish spending and […]

Value of the Trump Name

A court battle between billionaire investor Carl Icahn and a group of bondholders allied with Donald Trump over control of three Atlantic City casinos has become something of a referendum on the value of the Trump name. Mr. Trump took the stand Thursday in U.S. bankruptcy court here seeking to salvage an ownership stake in […]

Towns where land is still free in the U.S.

As small towns suffer from a continuing flight from rural toward-more urban living, some economic development groups and governments in these troubled areas have chosen to stay and fight. The Homestead Act of 1862 is no longer in effect, but free land is still available out there in the great wide open (often literally in […]

How to save $1,000 by the holidays

If you’re like many people, at the beginning of every year you resolve to get your finances in better shape by paying off debt and adding to your savings. But like many resolutions, the reality often doesn’t meet the goal. All is not lost. There are still five full months left in the year — […]

How My $499 iPad Purchase Became a $1,170 Credit Card Bill

I went shopping for my very own iPad at 8:30 AM March 12, the moment it first went on sale. Having had a chance to try out the iPad at the January 27 launch, I had wanted one for weeks. What follows is how what started out as a $499 purchase ended up with my […]

10 Things Not to Buy in 2010

Ten years ago, most homes relied on dial-up connections to access the Internet and iPods, flat-screen TVs and the Nintendo Wii didn’t exist. In 2010, consumer should expect to see more revolutionary products supplanting old mainstays. In media, DVDs, books, newspapers and magazines will continue to lose ground to services like in-home movie rentals and […]