Riverwoods Business
-
Discover expects to keep cash rewards, CEO saysMay 26, 2009 11:00 pm - Discover Financial Services expects to keep its cash rewards program, said Chairman and Chief Executive Officer David Nelms, breaking with the industry's contention that...
-
Discover may face downgrade on new credit card lawMay 21, 2009 11:00 pm - American Express Co., Discover Financial Services and Capital One Financial Corp. may face ratings downgrades after new U.S. credit-card regulations reduce profits for t...
-
About 1,500 jobs being cut around IllinoisMay 06, 2009 11:00 pm - About a dozen companies around Illinois are laying off about 1,500 workers - including 800 in the suburbs - now through July mostly because of the recession, according t...
-
Williams-Sonoma 4Q profit falls 90 percentMar 23, 2009 11:00 pm - SAN FRANCISCO -- Williams-Sonoma says its fourth-quarter profit fell 90 percent as it closed underperforming stores and laid off workers amid the recession. The San Fran...
-
Discover falls after profit decline, dividend cutMar 19, 2009 11:00 pm - Discover Financial Services, the Riverwoods-based credit-card company, fell in New York trading after posting a profit decline and saying it would cut the dividend to 2 ...
-
Discover remains profitable in 1st-quarterMar 18, 2009 11:00 pm - CHARLOTTE, N.C. -- Discover Financial Services said Thursday it managed to remain profitable during its fiscal first quarter, thanks to a payment from a lawsuit settleme...
-
Discover gets $1.2 billion in TARP moneyMar 15, 2009 11:00 pm - Discover Financial Services, the Riverwoods-based credit-card company whose stock fell 60 percent in the past 12 months, got about $1.2 billion in cash from the Treasury...
-
Supreme Court rules against Discover on arbitrationMar 08, 2009 11:00 pm - The U.S. Supreme Court limited the power of federal judges to send disputes to arbitration, ruling against Discover Financial Services and business groups. The justices,...
-
Discover CEO's 2008 compensation falls 89 percentMar 01, 2009 10:00 pm - David Nelms, the chairman and chief executive of Riverwoods-based Discover Financial Services, took home 89 percent less in compensation in 2008 than he did the prior ye...
-
Discover says chargeoffs will rise to more than 7% this yearJan 28, 2009 10:00 pm - Discover Financial Services, the Riverwoods-based credit-card lender, said failed customer loans will climb beyond 7 percent in the second quarter. The company, which ad...