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An extra fee
Bank of America
Other major banks, like Wells Fargo, JPMorgan Chase and SunTrust, are testing or planning similar debit card fees. Bank of America has seen a decrease in its card services income. The bank reported a $1 billion income for these services in the second quarter, a 34% decrease from the $1.5 billion for the same period in 2010. Other banks, like Citigroup, have said they will not implement such fees. Read more at Reuters.
Netflix looks beyond U.S.
Some analysts believe the obstacles will keep Netflix from achieving subscriptions for 10% of all broadband, which it needs to break even. The company began selling subscriptions in Latin America Sept. 5 and has already reached 43 countries. Its adjusted price is $7.24 a month in Mexico and $7.99 everywhere else. Read more at Bloomberg.
Research In Motion
But by the time the Playbook was released, RIM's marketing chief and most of his deputies had left, and the campaign and its ad agency had been dumped. With a new competitor added this week, Amazon's
A double index
In a deal between McGraw-Hill
If the deal goes through, it would be the first time both indexes would be operating under the same roof. Though much of the details have not been disclosed, it is known that McGraw-Hill would own 75% of the joint venture, while CME Group would own the remaining 25%. Dow Jones, which owns about 10% of its eponymous index and must approve the deal, would receive some stake in the new venture. The project would create a leader in market indexes by combining the two and including derivatives of their flagship products. The initiative is part of McGraw Hill's goal of revamping the company and raising its stock price. Read more at Dealbook.
So there you have it, the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here; it's free!
Michelle Zayed doesn't own any stocks mentioned. The Motley Fool owns shares of Bank of America, Telefonica, and Research In Motion. Motley Fool newsletter serviceshave recommended buying shares of Netflix and Amazon.com. Motley Fool newsletter serviceshave recommended creating a bear put spread position in Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.