American Morning

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December 7th, 2011
08:56 AM ET

AM Mind Your Business for December 7, 2011

Today on American Morning, Christine Romans reports on the morning business news headlines.

This morning, we're watching:

*Treasury Secretary Tim Geithner's three day European whirlwind takes him to Paris this morning. Geithner is meeting some more of his European counterparts. Geithner says he's confident that EU leaders will be successful in negotiations to tackle the debt crisis in the region.

*Banking giant Citigroup is planning to lay off 4,500 employees over the next few months. CEO Vikram Pandit says the cuts are needed to cut costs with this weak economy. Citi will also take a $400 million charge in the fourth quarter to cover the severance and other costs related to the downsizing.

*A new credit report is digging deeper into your financial history. A company called Corelogic has introduced a new credit file based on its massive database of information that includes whether you've paid your rent or utility and cell phone bills on time. This is information that's not currently considered by credit bureaus. Bottom line for you – if you make payments on time, every time, your credit score will work for you and not against you.

*For a second year in a row, consumer reports says AT&T is america's worst mobile carrier. Oregon-based consumer cellular got the highest marks. AT&T says its "committed to getting better and better."

Tune in to American Morning at 6am Eastern every day for the latest in business news.


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