News in brief | Treasury bill rates mixed

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Rates mixed

The Treasury Department on Monday auctioned $30 billion in three-month bills at a discount rate of 0.065 percent, up from 0.060 percent last week. An additional $31 billion in six-month bills was auctioned at a discount rate of 0.165 percent, down from 0.170 percent. The Federal Reserve said the average yield for one-year Treasury bills fell to 0.36 percent last week from 0.39 percent the previous week.

Tighter terms

Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday. A quarterly survey by the Fed found that many banks expect to increase rates, reduce credit limits and raise annual fees for borrowers with sound credit histories, as well as more risky borrowers.

Google delayed

Google says it needs until Friday to come up with a new proposal that would give it the digital rights to millions of out-of-print books. The new timetable approved Monday by a federal judge is the latest twist in a four-year-old copyright lawsuit over Google’s ambitious book scanning project.

Posted on Mon, Nov. 09, 2009 10:32 PM

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