Riverwoods Business
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Citigroup's Student Loan sued over Discover offerSep 20, 2010 11:00 pm - Citigroup Inc.'s Student Loan Corp. was sued by a shareholder who contends he will be shortchanged in a planned $600 million acquisition by Discover Financial Services. ...
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Discover profit falls due to year-ago settlementSep 19, 2010 11:00 pm - NEW YORK -- Increased use of its credit cards and improved customer payment habits helped lift Discover Financial Services Co.'s fiscal third-quarter results, the compan...
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Discover to buy Citigroup student loan businessSep 16, 2010 11:00 pm - BOSTON -- Citigroup Inc. said Friday it is selling its student loan business and about $32 billion in related assets to Riverwoods-based Discover Financial Services and ...
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Discover to sell $500 million of bonds backed by credit cardsSep 12, 2010 11:00 pm - Discover Financial Services plans to sell $500 million of bonds backed by credit-card payments, according to a person familiar with the offering who declined to be ident...
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Cardholders prefer debit as credit-card use fallsSep 07, 2010 11:00 pm - Americans are shunning their credit cards and using debit to avoid incurring more debt, said Javelin Strategy & Research. Total payment volume for debit cards surpassed ...
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Northwest finalizes merger with physician groupSep 01, 2010 11:00 pm - Arlington Heights-based Northwest Community Hospital said Wednesday it has finalized its acquisition of Riverwoods-based Affinity Healthcare, making the group's physicia...
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Discover to sponsor Orange Bowl in 4-year dealAug 26, 2010 11:00 pm - The Orange Bowl will soon be the Discover Orange Bowl. Riverwoods-based Discover Financial Services and ESPN announced Thursday that an agreement has been reached for D...
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AT&T, Verizon plan to turn your phone into a credit cardAug 01, 2010 11:00 pm - AT&T Inc. and Verizon Wireless, the biggest U.S. mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa...
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Discover buys back Treasury warrant for $172 millionJul 07, 2010 11:00 pm - Discover Financial Services paid $172 million to buy back a warrant issued to the U.S. Treasury Department's bank-bailout program, closing out the government's stake in ...
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Discover Financial Services posts 2Q profitJun 23, 2010 11:00 pm - NEW YORK -- Discover Financial Services said Thursday that it returned to profitability in its fiscal second quarter as consumers spent more with their credit cards. The...