Regions Blasted for Payday-Style Loan Practices and 4 Heavily Traded Shares Trading Mid-Week
Regions Financial Corporation (NYSE:RF): Consumer advocacy groups and state officials continue to complain that payday loans, eradicated in North Carolina about half-dozen years ago, have resurfaced. These consumer groups argue that Alabama-based Regions Bank, who has six branches located in North Carolina, has somehow sidestepped the state’s usury laws and has offered a loan product that is seen as both predatory and pricey.
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Ford Motor Company (NYSE:F) CFO Bob Shanks claims that the industry continues to face issues with excess capacity in Europe. Shanks adds that Ford’s European days supply in Europe remains in “good shape.” The comments were taken from a presentation at Citi Global Industrials Conference.
General Electric Company (NYSE:GE): GE’s Energy Storage business has announced that it has gotten $63 million in new Durathon battery orders since it launched in July. Within its first few weeks, the business had secured 10 new telecom customer spanning various regions, including Africa, Asia, India and the U.S., which powers over 3,500 cell towers.
Microsoft Corporation (NASDAQ:MSFT): HTC has begun to push Microsoft’s Windows Phone software. On Wednesday, HTC revealed two new smartphones that will feature the Windows Phone 8, which is the most recent version of Microsoft’s mobile operating system. The names of the phones, Windows Phone 8X and Windows Phone 8S, are intended to raise awareness among consumers that Windows phones are present even if the market is dominated by Apple and Samsung.
Groupon Inc (NASDAQ:GRPN) will launch of GrouponPayments, which is a payments service supported by a guarantee that they will be the lease expensive cost option for the company’s merchants to accept credit cards. The company stated, “Built into the latest version of the Groupon Merchants app for the iPhone and iPod Touch, Groupon Payments provides restaurants, salons and spas, retail establishments and other local businesses with the ability to accept all credit card payments at a lower rate than other providers.” later, Groupon stated that a pilot in the San Francisco Bay Area influenced them to allow any merchant running a Groupon deal in the United States to accept payments at the lowest rates in today’s marketplace. Shares of Groupon are up 6.6%, or 31c, to $5.00 in early trading.
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