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Dow 30(provided by FirstRain)
 
Divided by a Two-Track Economy The Wall Street Journal 07-Sep-2010
By Justin Lahart For American business, it has become a two-track economy. While global players like industrial conglomerate 3M Co. and burger giant McDonald's Corp. are getting ever-bigger boosts from their operations in fast-growing economies like China and Brazil, companies dependent on the U.S. market are hemmed in by recession-scarred consumers who are hesitant to spend. The acquisition will see Reynolds Group Holdings Ltd takeover the Reynolds Food and Flexible Packaging group from Reynolds Packaging (NZ) Ltd. The Reynolds Packaging (NZ) Ltd is a New Zealand firm owned by Graeme Hart, owner of the RGHL and New Zealand’s wealthiest man. With the recent passage of the financial reform bill, Visa (NYSE: V), American Express (NYSE: AXP) and MasterCard (NYSE: MA) are now allowing merchants to set a minimum dollar amount that consumers will be able to charge to credit cards in a single transaction. Visa (NYSE: V) was the first company which allowed its merchants to set a minimum charge amount. The company’s website now
Eye on the Economy(provided by FirstRain)
 
John Lewis, former chairman, president and CEO of Sunrise Bank of Arizona, has been tapped as executive vice president of Commerce Bank of Arizona to handle the Tucson firm’s expansion plans in the Phoenix area. U.S. Treasuries rose for the second straight day on Wednesday on renewed concerns about the health of the European banking system, and as markets pondered about further easing moves by the Federal Reserve. The total amount of consumer credit outstanding in July is expected to continue its steady rate of decline, weighed down by a combination of tighter lending standards and efforts by households to shrink their debt levels.
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