US stock futures fall as Europe markets slip

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NEW YORK—U.S. stock futures are falling Wednesday morning with markets in Europe give up earlier gains.

The European Central Bank on Wednesday loaned a record amount to the continent’s banks in an effort to bolster Europe’s stressed financial system. That initially lifted markets in Germany, France and London, but stocks in those countries are now showing losses of as much as 0.5 percent.

Less than two hours before trading opens in New York, Dow Jones industrial average futures are down 9 points to 12,022 while futures for the broader S&P 500 are down 4 to 1232.

On Tuesday encouraging signs out of Europe and a surprisingly strong report on the U.S. h

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Summary Box: FedEx 2Q nearly doubles

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HOLIDAY CHEER: FedEx Corp. said Thursday its net income nearly doubled in its fiscal second-quarter, driven by online holiday sales.

THE NUMBERS: The Memphis, Tenn., company earned $497 million, or $1.57 per share, compared with $283 million, or 89 cents per share a year earlier. Last year’s quarter included 27 cents in charges related to a business unit combination and legal reserve. FedEx’s revenue rose 10 percent to $10.59 billion in the recent quarter.

IN WITH THE NEW: FedEx Corp. also said Thursday that it signed a deal to buy 27 new Boeing 767-300 aircraft, with the first three set to arrive in 2014.

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Can I still get my 2006 refund?

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Answer:  Garrett – In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury.

The the letter you received should have explained the reason for the denial.  In most situations there is no recourse when the return has been filed after the three-year window has passed.

Citi Platinum Select AAdvantage World MasterCard Loses to Other Airline Cards

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Joining the lower echelons of airline credit cards is the Citi Platinum Select AAdvantage World MasterCard, which falls short of matching the competitive features available by other airline cards. With the exception of a blast of bonus miles, only one perk makes it worthwhile for loyal American Airlines customers to sign up for this card.

At the publishing of this review, the Citi Platinum Select AAdvantage World MasterCard is offering a whopping list of bonus perks for new cardmembers.

Spend $750 in the first 4 months of account opening and you’ll earn 30,000 AAdvantage bonus miles. Hi

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Does Dodd-Frank Have You Reaching for Your Cash?

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In a society steadily moving toward a cashless future (if not yet a penniless one), we may be seeing a return to cash transactions in some cases, for a surprising reason:

A new law that was supposed to reduce costs for merchants that accept debit cards has instead sent Mr. Scherrs monthly processing bills much higher and forced him to reassess the way he does business.

Thats from an interesting Wall Street Journal article about an unintended consequence of the Dodd-Frank financial-overhaul legislation.Vendors used to pay on a sliding scale for debit-card transactions; Dodd-Frank set a flat fee, which can lead to higher payments on small transactions:

Many business owners who sell low-priced goods like coffee and candy bars now are paying higher rates — not lower — when their customers use debit cards for transactions that are less than roughly $10. Ov

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Chart of the Day – Food Stamp Usage…UGH!

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I found this chart in this blog post…

Over 46 MILLION people are now on food stamps. W

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