Starwatch consumer

Starbucks is restaurant that shows up most often on expense accounts

Updated: 2013-10-09T02:34:52Z

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Not so fancy

Business travelers sometimes put $1,000-and-up client dinners on the company tab. But day to day, says the latest SpendSmart quarterly report from Certify, an expense account software management firm, the restaurant that shows up most often on expense accounts is Starbucks, followed by McDonald’s and Subway. Certify says the rankings are based on analysis of millions of business receipts from the past three months from its corporate clients.

Buy it now

MasterCard has teamed up with Condé Nast, the publisher of Vogue, Wired, Vanity Fair and other popular magazines, on a service that will allow digital readers to instantly buy items described in an article or shown in an advertisement by tapping a shopping cart icon on the page. The partnership, called ShopThis, will begin in the November tablet edition of Wired, out next Tuesday.

Mortgage deal opposed

The Federal Deposit Insurance Corp. urged a U.S. judge to reject a proposed $500 million class action settlement between Bank of America Corp.’s Countrywide unit and investors in devalued mortgage-backed securities. The FDIC, as receiver for 19 failed banks that owned the Countrywide securities, said in a filing in federal court in Los Angeles that the proposed settlement sets aside only $41 million for the claims of 91 percent of the investors in the securities, while the lawyers for the lead plaintiffs will receive $85 million.

Samsung ban

In another blow to Samsung Electronics in its continuing patent disputes with Apple, the Obama administration has decided to uphold a ban requested by Apple of some of Samsung’s mobile products. U.S. trade representative Michael Froman decided to allow the ban to proceed after “weighing policy considerations, including the impact on consumers and competition, advice from agencies and information from interested parties.” The ban, because it would cover Samsung’s older smartphones and tablets, would have little effect on the availability of Samsung products, he said, because Samsung has been able to make changes to its newer products so they avoid infringing on Apple’s patents.

Wichita loyalty

Wichita Mid-Continent Airport has launched a customer loyalty program that lets members earn airline miles or hotel points. Members also can earn rewards for purchases made across a national network of airports and merchants that participate in a program called Thanks Again. Wichita Mid-Continent Airport is the only airport in Kansas that is part of the program. Airport parking as well as all retail, food and beverage shops in the terminal are participating. In addition, travelers staying overnight or dining at the DoubleTree by Hilton Wichita Airport can earn rewards.

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