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Business Briefs


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POSTED: Monday, May 11, 2009

» Today: Mesa Air Group Inc., parent of go!, reports fiscal second-quarter earnings.

» Tomorrow: U.S. Commerce Department releases international trade figures for March.

» Wednesday: U.S. Commerce Department releases retail sales report for April and business inventories for March. Macy's Inc. reports first-quarter results. Whole Foods Market Inc. reports second-quarter results.

» Thursday: Labor Department releases weekly jobless claims. Labor Department releases the Producer Price Index for April. Freddie Mac releases weekly mortgage rates.

 

Students' debt on cards rising

Average credit card debt among graduating college seniors increased to more than $4,100 last year from $2,900 in 2004, according to a study by SLM Corp. About 85 percent of students have at least one credit card, according to the study, conducted every four years.

The Senate might vote on a bill as early as today that would prevent credit-card companies from targeting college students by requiring parental consent for a borrower under age 21 unless there is proof of independent income or completion of a financial literacy course.