| Secured card a good way to get started in the credit game
With the holiday shopping season upon us you can expect more people to turn to the Internet in search of bargains. But before you do, you really need to have a credit card. Unfortunately, some people can't get one either because they don't have any credit or because they have bad credit. But there's something you can do. Many local banks offer something called a secured credit card, which offers the same safety and security as a regular credit card. That's something you can't always get when you pay with a check or debit card. The amount you can charge on your credit card depends on how much you put into a savings account with the bank. "You would secure your limit with a balance which is tied to your savings account," said Kristel Johnson of Fifth Third Bank.
(AFX UK Focus) 2007-11-19 10:23 GMT: Euroshares fall on Swiss Re credit market hit UPDATE
(Updating with market commentary) LONDON (Thomson Financial) - Europe's leading exchanges lost ground in morning trade after Swiss Re stoked concern about financial sector exposure to the ailing US subprime mortgage market by announcing a shock 1.2 bln sfr loss from its credit underwriting activities. At 9.55 am, the Dow Jones STOXX 50 Index was down 14.63 points, or 0.4 pct at 3,645.39 while the DJ STOXX 600 Index dropped 0.81 point, or 0.2 pct to 361.91 "We're off to a pretty soggy start," said Mike Lenhoff, chief strategist at Brewin Dolphin Securities. "The whole credit issue is something that is going to burden the market for some time." On a positive note, Lenhoff said the equity market are "very oversold" at the moment. "That makes me think the downside is limited to some extent." The insurance sector grabbed the morning spotlight.
Workers' Credit Union appoints 2 new VPs
FITCHBURG -- Workers' Credit Union announced the appointment of Robert P. Gallo as vice president for business banking, which includes new business member development and client relationship management. The Fitchburg resident graduated from Fitchburg High School and attended the University of Massachusetts-Lowell. Prior to joining Workers' Credit Union, Gallo worked as a commercial lender for 25 years in North Central Massachusetts, most recently with Enterprise Bank in Fitchburg. Gallo is a board member of the Thayer Symphony Orchestra Inc. of Leominster, Multi-Service Center Inc. of Leominster, trustee of the Fitchburg Art Museum and a member of the Fitchburg East Rotary Club and the Exchange Club. He is married and has two children. Workers' Credit Union also appointed Paulo N.
Ontario police ask holiday shoppers to be wary
ONTARIO � A 61-year-old woman was knocked to the ground twice while her purse was being snatched around 10 a.m. Sunday in the Kohl�s Department Store parking lot.
That incident highlighted �the theft problem we are experiencing in the Ontario shopping area,� Ontario police Chief Rodney Smith said Monday.
On Monday, Smith cautioned shoppers to be aware of their surroundings as theft-related crimes grow, particularly in the shopping centers this holiday season. �She came out, set her purse inside the car, and as she came back around to load her items into the car, a man accosted her, under the disguise that he was asking her for directions,� Smith said. �At that point he reached into her car to grab her purse. She fought back, was knocked to the ground. He then removed the purse.
Gorillas fumble away playoffs
TOPEKA, Kan. — Pittsburg State lost five turnovers, including two interceptions in the final quarter, and lost 35-28 to Washburn on Saturday in front of 5,798 at Yager Stadium. The loss probably ends the Gorillas' playoff chances. PSU was No. 5 in the Division II Southwest Region rankings coming in, and only the top six in each region advance. Each of the other top-nine teams in the Southwest won Saturday. No. 18 Pitt State (7-3, 5-3 MIAA) scored on quarterback Mark Smith's third touchdown run to take a 28-21 lead with 14 seconds to play in the third quarter, but the game turned on the next play from scrimmage. Washburn's Brandon Walker scored on a 65-yard run to tie the game at the end of three quarters. In the fourth, the Ichabods (7-3, 6-2) took the lead on Jordan Brill's 6-yard pass to Jake Lebahn.
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