October 31, 2011

America’s biggest bank is having second thoughts about its controversial plan to begin charging a $5 monthly fee to customers who use a debit card. Bank of America may lower minimum account balance requirements to avoid the fee, and  direct deposit and credit card customers could have the fee waived. The move comes as other big banks are backing away from plans for debit card fees. Source Link 


It will be a November without NBA basketball. The league has cancelled all of its games for the month as a player lockout continues amid slow-going talks over a new labor agreement. Owners want a 50-50 split of revenues, while players are only willing to cut their share from the current 57% to just over half of revenues. Source Link
 

Mother Nature’s weather trick is no treat for millions of people in the Northeast who are facing a Halloween without electricity after a massive snowstorm hit the region over the weekend. The heavy snow fell on trees still full of leaves,causing more limbs to come crashing down on power lines. Parts of Connecticut and Massachusetts are digging out of more than two feet of snow.  Source Link