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April 7, 2008 Archives


Today Discover Financial Services announced that it will acquire the Diners Club International network from Citigroup for $165 million. Upon required regulatory approvals and conditions, the acquisition should close within three months.

Recent Federal Reserve interest rate cuts won't completely trickle down to everyday consumers. Ours will be modest cuts -- if any at all.

Some people use 0 percent credit cards to buy CDs and other investments to cash in on the difference between the interest rates. Is arbitrage for me?
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