Posts Tagged ‘April’

Diners Club International sees makeover with new parent Discover Financial

(AP) — Diners Club International said Monday it’s changing its logo, card, Web site and advertisements to reflect its new ownership under Discover Financial Services Inc.

The new ads focus on everyday card use rather than travel and entertainment.

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Inland Western and Inland American REIT In Trouble

With $1.4 billion of debt maturing in the second half of 2009, observers expected Inland Western Retail Real Estate Trust to cut its dividend to conserve cash to help refinance this debt. This nonlisted REIT had been paying an annualized dividend of $0.64 per share which translates to a 6.4% yield based on the price ($10) at which the company sold shares in its public offerings.

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Consumer Confidence Up Sharply

U.S. consumer confidence improved sharply in May, especially in expectations for the economy six months from now, a report released Tuesday said. The report boosted stocks and sent the Dow Jones Industrial Average surging more than 200 points.

The Conference Board, a private research group, said its index of consumer confidence for May jumped to 54.9, compared with 40.8 in April, which was originally reported as 39.2.

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