Archive for the ‘ Finance ’ Category

With some payday lenders already finding ways around a two-week-old law meant to curb predatory lending, South Carolina legislators said Tuesday they’ll try again to close loopholes and threatened to ban the industry outright if it doesn’t cooperate.

Icelandic officials on Monday met representatives of Britain and the Netherlands in London hoping to strike a new deal on returning $5.7 billion owed to the two countries following the collapse of the Icesave online bank.

BOTTOM LINE: Duke Energy’s fourth-quarter profit rises as cost cuts offset continued weak demand for electricity from its four million customers in the Midwest and the Carolinas.

Cost-cutting at Paramount Pictures boosted profits at media giant Viacom Inc., but advertisers remained cautious about spending money during the holiday quarter.