NEW YORK (CBS.MW) -- Is your bank giving your financial information to telemarketers?
Could be. According to The AP, a federal law passed last fall lets banks share your personal financial information -- including credit lines and account balances -- with insurance companies and brokerage firms that they are associated with, and telemarketing firms that are working for them. The law stops them from distributing your information to other outside companies. Some states have taken steps to stop the practice. See full story.
Cons on the Net?
Yup, The Federal Trade Commission worked with other agencies worldwide to sweep the Internet for sites that may be set up to con consumers, according to Industry Standard. FTC Bureau of Consumer Protection director Jodie Bernstein said "Getrichquick.Con," was the biggest coordinated attempt to thwart online fraud ever, with 28 countries participating. See full story.
Executives who founded successful high-tech companies in the U.S. will fund a "global institute of science and technology" in India, according to Reuters. Leading the effort are a founder Sun Microsystems /zigman2/quotes/208800639/composite SUNW +5.56% , Vinod Khosla , who is now a general partner at Kleiner Perkins Caufield and Byers ; InfoUSA /zigman2/quotes/201786389/composite USA +1.04% Chairman Vinod Gupta ; and Sycamore Networks Chairman and Founder Gururaj Deshpande . See full story.
A new market?
It looks like Cuba is a giant step closer to buying food and medicine from the U.S., according to The AP. The Senate Foreign Relations Committee has approved this type of sale, but Congress still is fighting over whether to agree or squash the deal. See full story.
The Home Depot /zigman2/quotes/208081807/composite HD +0.87% said executive vice president and chief administrative officer Ron Brill is planning to retire next year. See news release.
Harold F. Compton was named CEO of CompUSA , succeeding James F. Halpin , who is retiring, according to The AP. Compton was COO of CompUSA. See full story.
Dwight Ferguson , vice chairman and president of the International Division of U.S.A. Floral Products was appointed president and COO of the company. See news release.