Archive for June, 2010
Texas Company Sues Pfizer Over Prescription Drug Marketing (NYSE: PFE)
A health insurance company based in Texas is suing Pfizer (NYSE: PFE) saying that the drug company marketed three of its top-selling drugs and has illegally encouraged doctors to prescribe them for non-approved uses. The insurance company has also accused Pfizer of paying kickbacks to doctors who prescribe the drugs. Health Care Service Corp., which [...]
Sprint (NYSE: S) Denies Rumors of Smart Phone Data Throttling
Rumors have surfaced that Sprint Nextel (NYSE: S) will begin throttling data for smart phone users later in the summer based on a leak from an internal company handbook, however, further investigation has shown that the alleged throttling was incorrect speculation. Engadget reported that after further investigating Spritnt’s alleged data throttling, they found that, in [...]
Microsoft Corp (NASDAQ: MSFT) to Release Controller-Free games for the Xbox 360
Microsoft Corp (NASDAQ: MSFT) is expected to announce a new set of video games this week which do not require players to make use of a controller to navigate through a series of menus to begin game play. The Redmond-based technology company’s new platform, called Natal, will end the user of the controller all together [...]
“Too Hot” Former Citibank Employee Hires Top-Notch Lawyer to Fight Case (NYSE: C)
Debrahlee Lorenzana, a former Citibank employee who claims that she was fired to being “too hot”, has now hired a top-notch lawyer to fight her case against Citigroup (NYSE: C). Lorenzana has hired Robert Wolf, who also represents the Russian multi-millionaire socialite, Janna Bullock, will take on her case to booster her legal battle against [...]
Ford to Move Mondeo to New Powertrain Line (NYSE: F)
Ford Motor Co. (NYSE: F) has announced two new engines for its Mondeo line of sedans. The recent announcement adds the company’s Ecoboost turbocharged gasoline engine, an updated version of the Duratorq TDCI diesel engine and the Powershift dual-clutch six speed transmission to the sedan. The new 2.0 liter Ecoboost engine pushes out 203PS of [...]
Google Expands Turn By Turn Navigation to 11 New Countries (NASDAQ: GOOG)
Google (NASDAQ: GOOG) has launched its free navigation service as part of its Google maps package, which includes free turn-by-turn directions to 11 new countries, which now allow for French, German, Italian, and Spanish speakers to take advantage of its “Search By Voice” feature, the company announced on Wednesday. Google Maps Navigation version 4.2 allows [...]
General Electric Co. (NYSE: GE) Announces Quarterly Dividend
General Electric Co. (NYSE: GE)’s Board of Directors authorized a regular quarterly dividend of $0.10 per outstanding share of the company’s common stock on June 11th. The dividend is payable July 26, 2010 to shareowners of record at the close of business on June 21, 2010. The ex-dividend date is June 17, 2010. Shares of [...]
Bank of America Corp (NYSE: BAC) to Inject Capital into South Africa Division
Bank of America Corp (NYSE: BAC) said that it will make a “significant capital injection”to improve the balance sheet of its Merrill Lynch business in South Africa, according to a new report from Business Day. The capital injection is part of an ongoing effort to diversify some of its revenue streams and strengthen its research [...]
FDRA Warns Pfizer (NYSE: PFE) For Failing to Report Drug Side Effects
The U.S. Food and Drug Administration sent a 12-page warning letter to Pfizer (NYSE: PFE) for failing to report certain serious potential side effects from its drugs, including Viagra, Lipitor and Lyrica, which are already on the market. The company’s failure to report side effects of some of its drug date back to 2004 and [...]
Citigroup, Inc (NYSE: C) Upgrades Forecast for Taiwanese Growth
Citigroup, Inc (NYSE: C) upgraded its 2010 forecast of economic growth for Taiwan from 5% to 7% based on the company’s strong export performance for the year. Cheng Cheng Mount, chief economist of Citibank Taiwan, said that the higher GDP growth also reflects a recovery in domestic investments and an increase in government spending. He [...]
Ford’s Closure of Mercury Gets Little Reaction from Investors (NYSE: F)
Ford Motor Co. (NYSE: F)’s anticipated closure of Mercury has not brought much attention from investors. Mercury has not had a unique identity during the last several years and ending the line now appears to be a timely and prudent move for the company. Market share for the Mercury line has dwindled to less than [...]
Hewlett-Packard Announces Email Printing Platform (NYSE: HP)
Hewlett-Packard announced its new ePrint platform on Monday and a new line of printers which will have the capability of printing documents that are emailed to the device. Users of the printers can simple send a web page or document to an email address associated with the printer, then the receiving printer will process and [...]
Australian Government Opens Investigation into Google Privacy Snafu (NASDAQ: GOOG)
The Australian government has opened an investigation on Sunday into whether or not Google had illegally collected private information from wireless networks, becoming the second country to formally investigate the search giant’s data from its Street View mapping service. This new criminal investigation comes as regulators and consumer watchdogs have complained that Google has not [...]
Privacy Group to Report Google Accidental Wi-Fi Data Collection to Police (NASDAQ: GOOG)
Privacy International said that it plans on approaching the Police regarding Google’s recent admission that it had accidentally collected data from unsecured Wi-Fi networks during the last three years. The error came to light after the German data protection authority audited the data collected by Google Street View cars for use in location-based products such [...]
JPMorgan Chase & Co. (NYSE: JPM) Purchases $125 Million in Claims from Lehman Brothers
JPMorgan Chase & Co. (NYSE: JPM) purchased $125 million worth of claims on the now bankrupt Lehman Brothers Holdings Inc. from Reserve International Liquidity Fund Ltd. in New York for an unstated price. The claims amount to commercial paper at a floating rate note issued by Lehman Brothers, according to a filing on Friday from [...]
worst video player ever- after over2:00 there's still no video appearing 