Archive for June, 2010
Ford Motor Co. (NYSE: F) May Have Been Planning to Shelve Mercury For Years
Ford Motor Co. (NYSE: F) made ripples in the automotive industry last week as rumors surfaced suggesting that the Detroit automaker may plan on phasing-out its Mercury line of vehicles. New media reports suggests that Ford may have been trying to kill the 71-year-old brand over a period of years by starving it of product. [...]
Google (NASDAQ: GOOG) Says Facebook Is Most Visited Site Online, Yahoo (NASDAQ: YHOO) Second.
Google, Inc (NASDAQ: GOOG) has published a list of the 1,000 most visited websites with Facebook being listed as the most visited site online with more than 570 billion page views, 540 million unique users per month and a reach of more than 35.2%. Google, which does not include its own sites in the ranking, [...]
Morgan Stanley (NYSE: MS) Hires Former HSBC Executive (NYSE: HBC) As New Head of Asia Rates Strategy
Morgan Stanley (NYSE: MS) has appointed a former HSBC Holdings PLC (NYSE: BC) executive as its new head of Asia Rates Strategy, excluding Japan. The firm has announced that it has hired Pieter Van Der Schaft as its new head of Asia ex-Japan Rates Strategy. Van Der Schaft recently joined Morgan Stanley on May 17th, [...]
Will Goldman Sachs Group Inc. (NYSE: GS) Pay $1 Billion to Settle its SEC Suit?
Will Goldman Sachs Group Inc. (NYSE: GS) Pay $1 Billion to Settle its SEC Suit? Goldman Sachs Group Inc. (NYSE: GS) was recently charged by the Securities and Exchange Commission for defrauding investors and new media reports suggest that the company may have to pay a fine as large as $250 million, pay $371 million [...]
Bank of America (NYSE: BAC) Accidentally Forecloses on Wrong Home, For the Third Time
Bank of America Corp (NYSE: BAC) has accidentally foreclosed on a home that they had no legal right to do so, for the third time in less than a year. This time, Bank of America tried to foreclose on the home of Nancy Willmes who paid cash for her home in Toulumne, CA in 2001. [...]
Citigroup, Inc (NYSE: C) Hires Matthias Rode as New German Head of Derivatives
Citigroup, Inc (NYSE: C) has hired Matthias Rode as its new head of cash equity program trading, cash sales trading and equity derivatives sales for the country of Germany, according to a report from Bloomberg Business Week, which cited anonymous sources. Mr. Rode had previously worked for Dresdner Kleinwort, Morgan Stanley and Main First Bank [...]
Ford (NYSE: F) Forced to Recall 236,000 Sedans
Ford Motor Co. (NYSE: F) and two of its partners, Chongqing Changan Automobile Co (000625.SZ) and Japan’s Mazda Motor (7261.T), has had to recall more than 236,000 sedans in China after reports that the vehicles have a defect which can lead to engine failure under certain circumstances. China’s quality control office said that it had [...]
worst video player ever- after over2:00 there's still no video appearing 