SAN FRANCISCO Apple Inc. shares slipped more than 1% Tuesday highlighting a broad tech market decline. Nomura Equity Research analyst Stuart Jeffrey initiated coverage of Apple with a neutral rating, citing potentially slower growth in 2014. “From 2014, developed market growth is seen slowing to single digits,” Jeffrey wrote. He added, “As a company predominantly driven by mobile phones, an industry prone to volatility, we see little scope for upside given our single-digit earnings growth forecast beyond 2014.” Apple shares are still up more than 55% year-to-date, but have fallen more than 7% over the past month.
As promised, the Consumer Financial Protection Bureau published its live database of credit card complaints registered with the bureau’s toll free hotline and website. The raw data includes the name of the issuer, the broad topic for each complaint, and a flag indicating whether the credit card company resolved the complaint.Independent researchers have enhanced the data by comparing the list of complaints against credit card issuers’ market share. Initial news reports highlighted the credit card issuers racking up the most complaints: Capital One and Citigroup. However, according to banking industry analyst Ken Thomas, only one of those two credit card [...]