business - "credit"

In a presentation he made to students at the Wharton School earlier this month and a subsequent interview with Fortune, Warren Buffett shared his thoughts on everything from the economy to the credit crisis and the Bear Stearns bailout.

Federal regulators are pushing ahead to stop abuses by credit card issuers at a time when the $2 trillion industry has come under increasing scrutiny.

But financier insists he was victimized by both credit crisis and regulatory climate that favours banking status quo

NEW YORK (Reuters) - Billionaire investor Warren Buffett's Berkshire Hathaway is being examined as part of the Connecticut Attorney General's probe into conflicts of interest in the credit rating industry, the Financial Times reported on Friday.

Gov. Linda Lingle on Friday allowed a tax credit bill giving $1 to every Hawaii taxpayer to become law without her signature.

Retailer Linens 'n Things files for bankruptcy protection, citing problems in the credit and housing markets.

US stock markets ended the week at their highest levels since the start of the year after the government said US employers cut fewer jobs than expected last month and the Federal Reserve stepped up efforts to unfreeze the credit markets

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings services said late Friday it placed H&R Block's ratings, including its BBB- long-term counterparty credit rating, on CreditWatch with positive implications. 'The CreditWatch listing is based on the momentum H&R Block has achieved by successfully exiting the subprime mortgage business. Changes in corporate governance have resulted in renewed management focus on H&R Block's core tax operations,' Rian Pressman, a credit analyst at S&P, said. Pressman also noted that the company's liquidity position has improved while the reduction in short-term obligations has reduced leverage.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

AP - The Federal Reserve and other regulators initiated steps Friday to end 'unfair and deceptive' credit card industry practices assailing consumers who are already struggling to cope in a bad economy.

The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies.