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Discover Surprised by Low Credit Costs That Buoyed Results Morgan Stanleys (MS) Discover credit- and debit-card unit racked up record profits in the second quarter. But a key driver of the results - the smaller amount that Discover set aside to cover possible bad loans - might not last. Discover profits more than double for quarter Credit card issuer Discover, one of Delawares largest private employers, reported Wednesday that its fiscal second-quarter income soared more than 100 percent, exceeding half a billion dollars. Second quater profits double at Discover Credit card issuer Discover, one of Delawares biggest employers, reported today its quarterly income more than doubled. Get Wise To The Best Credit Card Offers Capital One Bank Platinum MasterCard, 7.34% Variable, No Annual Fee. www.capitalone.com Wachovia Bank Platinum Plus Visa, 7.9% Fixed, No Annual Fee. www.wachovia.com Managing Credit Cards Intelligently People on our online discussion boards share thoughts every day on how to be smart about credit cards. In our College Fools discussion board, for example, people have posted messages discussing how tempting and dangerous credit cards can be to college students. (Much of Americas whopping credit card debt begins in the college years.) The consensus is that card bills should be paid off in full Discover debuts credit card for small firms Discover Financial Services LLC was introducing on Monday its first credit card for small businesses, aiming to make it easier for owners and their employees to pay their bills. Managing Credit Cards Intelligently People on our online discussion boards share thoughts every day on how to be smart about credit cards. In our College Fools discussion board , for example, people have posted messages discussing how tempting and dangerous credit cards can be to college students. Morgan Stanleys Mack Attack Amid the endless applause from hundreds of traders, bankers, and research analysts, one of Wall Streets fiercest warriors was becoming teary-eyed. The day was June 30, 2005. The place was Morgan Stanleys Manhattan headquarters, where John J. Mack had abruptly said goodbye to his colleagues four years earlier. The occasion was Macks return to become CEO, replacing Philip J. Purcell, who had Paez Jr. July 1st on ShoBox Sycuan Ringside Promotions’ undefeated teenage sensation Jorge Paez Jr. makes his six-round debut when he faces Armand Horn in a lightweight bout July 1 on a “ShoBox” card televised by SHOWTIME from Manistee, Mich. Discover Financial introduces new credit card for small businesses Discover Financial Services LLC launched a credit card Monday for small business owners, saying this segment has not been getting the attention of leading market players. The company, the Riverwoods, Illinois-based credit card division of Morgan Stanley, said the opportunity is big as there are nearly 23 million small businesses in the U.S. | ||
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