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EU warning to credit card firms (BBC News) - The European Union warns that it may take action to increase competition in the credit card industry.. Kellogg Gets 5-Year, $2B Credit Line (AP via Yahoo! Finance) - Cereal maker Kellogg Co. said Monday it entered into a five-year agreement with 24 lenders for a revolving line of credit up to $2 billion.. NTL Bid for ITV to Succeed, Credit-Default Swaps Show (Update1) (Bloomberg.com) - Nov. 13 (Bloomberg) -- NTL Inc., the U.K.'s biggest cable- television company, is likely to succeed in its takeover of broadcaster ITV Plc, according to traders betting on the creditworthiness of companies in the credit-default swap market.. VIX vs. Credit Default Swaps: Complacency Tracker (SeekingAlpha via Yahoo! Finance) - Roger Nusbaum submits: A reader named Mojave left something interesting about credit default swaps, which are essentially protection against bond defaults, kind of like put options.. AUSTRALIA CREDIT Nov 13 week-BNG sells NZ$507 mln uridashi bond (Reuters via Yahoo! Asia News) - Following is a round up of the latest debt issues, roadshows and other news on credit markets in Australia. To see the stories, click on the number in [ ] on the right hand side and then click again on the headline shown.. Cancel a card, hurt your credit score (Bankrate.com via Yahoo! Finance) - Is that always true? Here are some ways to manage your credit cards and preserve your credit score.. Building Materials Boosts Credit Line (AP via Yahoo! Finance) - Building Materials Holding Corp., which sells construction services and materials to contractors, said Monday it is increasing its senior secured credit facility by $50 million to $500 million, and extending its maturity by one year to 2011.. State's top federal credit union changes its name (Tennessean) - Ascend Federal Credit Union is the new name for the state’s largest federally chartered credit union, a change officials said reflects its expansion beyond the Arnold Engineering Development Center at Arnold Air Force Base in Tullahoma.. Credit Challenged Car Buyers Find Help Online (Derby Daily Reporter) - (ARA) - Eighty percent of all Americans have at least one blemish on their credit reports. And a third of all consumers have credit scores so bad that they may have difficulty securing a car loan.. CBA doubles credit card grab (News Interactive) - THE Commonwealth Bank has been quick to whack its customers with an extra interest rate hike by doubling the official rise on its credit cards..