Money Matters - Simplified


Fed caps fee on debit card transaction

The Federal Reserve Board imposed a cap on the fee charged by banks from retailers when the customers use a debit card at their businesses.

5-Star Stocks Poised to Pop: Spartan Motors

 Based on the aggregated intelligence of 170,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, vehicle chassis and bodies specialistSpartan Motors (Nasdaq: SPAR) has earned a coveted five-star ranking.


Police: Robber stopped for food, cigs

Missoula, Mont. -- Police in Montana said a suspected bank robber stopped for breakfast and a pack of cigarettes before taking a cab to his hotel, where police were training.

Missoula Police Detective Sgt. Bob Bouchee said Vincent Sullivan, 64, allegedly left Sterling Savings Bank with an undisclosed amount of cash about 10 a.m. Tuesday after telling a teller he was armed and was next seen having breakfast at Liquid Planet, only a few stores away from the bank, the Missoulian reported Wednesday.

BP to proceed with relief well for a permanent fix

After Herculean efforts spread over more than three months, BP Plc has finally succeeded in plugging the busted well, stopping the oil from leaking into the water.

Oil spill to have long term impact

After over 3 months of intense struggle trying to stem the spewing oil in the Gulf of Mexico, BP has finally succeeded.

Debris delays initiation of ‘static kill’

The ‘static kill’ process, which entails pumping mud and cement into the busted well to stem the oil from leaking, is expected to start late Monday night or Tuesday.

'Scale back' in clean up operation initiated as slick recedes

It has taken some time and indefatigable effort from all concerned to reach a stage where the discernible oil slick on the surface of the Gulf of Mexico is, thankfully, conspicuous by its absence.

Storm 'Bonnie' threatens to halt work in the Gulf

The approach of a major storm on Saturday has led BP Plc, owner of the ruptured well in the Gulf of Mexico, to temporarily halt efforts to plug the spewing oil.

Dark clouds hover over relief efforts in Gulf

The weather has played spoilsport again in the Gulf of Mexico. Work on efforts to plug the busted well had to be put on hold as climatic conditions deteriorated in the eastern Caribbean.

'Static kill' idea mooted to stop the leak

The federal government has allowed the cap which is stopping the gushing oil in the Gulf of Mexico to remain closed for now.