May 14, 2013 |
It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty much how banks played things as well. Want to avoid checking-account fees? Maintain a higher balance or, better yet, take out a home loan. As of this month, however, about 2 million erstwhile Bank of America mortgage customers are scrambling to figure out their status after the bank sold servicing rights to their accounts to a company called Nationstar Mortgage.
December 27, 2012 |
SACRAMENTO - A prepaid cellular company controlled by Mexican billionaire Carlos Slim is taking fire as it moves to expand in the lucrative California market. TracFone Wireless Inc., which has more than 21 million users in the United States, is the country's biggest player in the fast-growing business of selling low-cost cellphones and prepaid minutes - often to low-income customers. These phones, typically costing users as little as $20 for a phone and 60 minutes of use, appeal to many customers who don't want or can't afford to sign yearlong or multiyear contracts.
December 20, 2012 |
For the first time, struggling BlackBerry maker Research in Motion saw a decline in its subscriber base, reporting that the number of customers declined to 79 million in its fiscal third quarter. Three months ago, the Canadian company had 80 million subscribers. Revenue for the third quarter was $2.7 billion, down 47% from $5.2 billion in the same quarter a year earlier. The company posted a loss of $9 million, or 2 cents a share, compared with a profit of $265 million, or 51 cents a share, a year earlier. Excluding one-time items, the company reported a loss of $114 million, or 22 cents a share.
July 12, 2012 |
Colorado's String Cheese Incident will be swinging through town Friday and the bluegrass-folk jam band has come up with a canny way to sidestep ticket fees for its legendarily supportive fans. For many of the venues on the group's itinerary, band officials worked out agreements to leave off the service fees that can add 30% or 40% to fans' out-of-pocket costs. For its stop at the Greek Theatre, that wasn't possible, so the group fronted fans cash to purchase batches of tickets directly from the venue's box office, which doesn't charge service or handling fees.
February 27, 2011 |
"Money alone sets all the world in motion," said Publilius Syrus, an ancient Latin writer known for aphorisms. But how do you set your money in motion when you travel? Whether check, card or currency, each method has its pluses and minuses. So it's best to take money in various forms, do some research and plan ahead. "The middle of a foreign country is not the place to figure out how to use your credit card at an ATM," said John Oldshue, partner at LowCards.com, a consumer website that compares credit cards.
November 7, 2010 |
If you plan to fly with your favorite board to catch gnarly surf, get ready for a wild ride - financially, that is. Many airlines charge $100 or more each way to take surfboards as checked baggage. A few charge nothing. So check it out before you check it in. And be glad you're not a professional surfer. "It's mind-blowing how expensive it is to travel with surfboards," said Hawaiian pro surfer Fred Patacchia Jr. "I just recently went to Europe on American Airlines and was charged $150 per board, traveling with nine boards.