OVERLAND PARK, Kan. - (10/04/05) -- Research In Motion, the maker of thepopular handheld PDA, said Monday it has teamed with MapQuest Inc.and Sprint to deliver a GPS-enabled wireless service that willallow users of the BlackBerry 7520 to find their credit union orbank branch or the nearest ATM. 'MapQuest Find Me' will let usersautomatically find their location, access maps and directions andlocate nearby points of interest including airports, hotels andrestaurants, as well as ATMs. It will also allow users to sharetheir location with colleagues, friends and family members as wellas view the location of other users who have opted to join theirprivate networks. Users also can now set up alerts to be notifiedwhen network members arrive or depart from a designatedarea.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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