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What's In The News: September 12, 2012

Financial News Network
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September 24, 2012 AT 2:59 PM
From Fnno.com, This is the financial news network. Here's what's in the news for Wednesday September 12, 2012. The Wall Street Journal reports an increasing number of coal-fired plants that were built to run around the clock, seven days a week, now may run only occasionally because of soft demand for electricity and competition from gas-fired plants that are cheaper to run and cleaner to operate. Reuters reports U.S. retail sales should increase 3.3% for the 2012 holiday season, on what is expected to be the first increase in shopper traffic since 2007, according to a forecast from research firm ShopperTrak released today. Reuters also reports four major U.S. banks--JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C)--are in talks to link their digital payment systems to allow more consumers to easily transfer money with mobile phone messages and emails instead of cash and checks. Finally, Bloomberg reports Vodafone (NYSE:VOD) investors waiting for Verizon Communications (NYSE:VZ) to approve a dividend from their U.S. mobile-phone venture will have to hold out longer, sources say, as Verizon Wireless's board doesn't plan to discuss a potential dividend at a September 19 meeting. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.