Holiday travel to drop for first time since ’02

NEW YORK (Reuters) – Christmas holiday travel this year will likely end up as a casualty of the downturn in the economy, with Americans expected to travel less for the first time since 2002, travel and auto group AAA said on Wednesday.

Home loans cheapen after Fed steps in

NEW YORK (Reuters) – The Federal Reserve’s promise to expand a massive mortgage debt buying program pushed U.S. home loan rates to at least 5-year lows on Wednesday, putting them on track to hit the lowest levels in four decades.

Can U.S. Internet Companies Succeed in China?

Everyone in Silicon Valley knows China is a huge opportunity, in fact, venture capital investment in China soared more than 20% in the third quarter to nearly $1 billion. Yes, the same quarder the world’s financial markets fell into total chaos. The Inter

U.S. recommends changes to cut identity theft

WASHINGTON (Reuters) – Companies and schools should find new ways to authenticate the identities of customers, employees and students that do not involve social security numbers, a U.S. consumer protection agency said on Wednesday as part of recommendations to fight identity theft.

U.S. school meals may be key to better child health

WASHINGTON (Reuters) – Many American children are not eating enough fruit and vegetables and their diet lacks key nutrients, according to a report released on Wednesday that focuses on school food programs as a way to help prevent long-term health problems.

Can Stimulus Prop Up China’s Investment Growth?

Chinese-language social networking site FaceKoo (yes, like Facebook) last month surpassed MySpace China in page views, according to Alexa data. …

KeyCorp Lowers Its Prime Lending Rate to 3.25 Percent

CLEVELAND, Dec. 17 /PRNewswire-FirstCall/ — KeyCorp and its banking affiliates have lowered their prime lending rate to 3.25 percent from 4.00 percent, effective December 17, 2008. Cleveland-based KeyCorp is one of the nation’s largest bank-based

PNC Changes Prime Rate

/PRNewswire via COMTEX/ — PNC (PNC:PNCNews , chart , profile , more Last: Delayed quote data Analyst Create alert Insider Discuss Financials Sponsored by:, , ) announced a decrease in its prime lending rate. The new rate of 3.25 percent is effective