Archive for June, 2010
Sprint (NYSE: S) Faces Shortage on HTC Evo 4G
Sprint Nextel (NYSE: S) has stopped taking orders for the HTC Evo 4G as strong demand has made the device difficult to obtain. The company’s website on said on Thursday that shoppers should “check back later — more are on their way!” A spokeswoman for Sprint said that its retail stores will hold a phone [...]
Bill Ackman Shares Why He Bought 146.5 Million Citigroup Shares (NYSE: C)
Hedge fund manager Bill Ackman said that his hedge fund, Pershing Square Capital Management, purchased 146.5 million Citigroup shares because he expects the New York-based financial services company to soon be able to return billions in dividends to its shareholders and benefit from various large tax breaks. “We think there are two important elements of [...]
BP Gives $75 Million in Grants to Alabama, Florida & Mississippi (NYSE: BP)
BP PLC (NYSE: BP) said that it will give $75 million worth of grants to Alabama, Florida and Mississippi as the states respond to the worst oil spill in America’s history. BP COO Doug Suttles said in a statement on Thursday his company was making the funds available to the three states after their governors [...]
Ford Sync to Integrate Google Maps with “Send to Sync” Service (F, GOOG)
Ford Motor Co. (NYSE: F) said that it would integrate Google’s (NASDAQ: GOOG) Maps service into its Sync system so that drivers can receive directions in their vehicles for no additional cost. The Detroit automaker plans to release a service called “Send to SYNC” which will allow drivers to select a destination on Google Maps [...]
Goldman Sachs (NYSE: GS) Shares Hit 52-Week Low On New SEC Probe
Shares of Goldman Sachs (NYSE: GS) tumbled on Thursday, down 2.5 percent to a new 52-week low of $133.50 as reports surfaced that the Securities and Exchange Commission is now probing a second collateralized debt obligation (CDO) deal, called Hudson Mezzanine 2006-1. The Hudson Mezzanine deal occurred in December of 2006, which Goldman underwrote and [...]
Lending Club Passes $10 Million in Loan Originations During May 2010
Lending Club, a company which operates a peer to peer lending website, said that it passed more than $10 million in monthly loan findings during May 2010, marking the first time that any U.S. based peer to peer lending company has funded that amount of loans in a single month. “Customers are getting back on [...]
Lending Club Announces Photo Contest Finalists
Lending Club, a company which operates a peer to peer lending website, has announced the finalist for a photo contest that it is running to find background images for its new Bing-like website. Lending Club has posted the finalist images on its Facebook Fan page for public consumption. Lending Club first announced the contest in [...]
Microsoft Corp (NASDAQ: MSFT) Sold $1.15 Billion in Debt
Microsoft Corp (NASDAQ: MSFT) announced that it sold $1.15 billion worth of convertible senior notes due in 2013 as it seeks to replace it short-term debt with longer-dated debt. The bonds, which do not pay interest, can be traded for shares when the company’s stock rises to $33.40, a 33% increase from its current price [...]
Ford Motor Co. (NYSE: F) Aims to Shutter Mercury Brand by 2011
Ford Motor Co. (NYSE: F) hopes to complete negotiations with its dealers by the end of the year to shut-down its Mercury brand and shift its focus on its Ford and Lincoln brands, CEO Alan Mulally said on Tuesday. Mulally did not discuss the expected cost for the company to phase out its Mercury brand, [...]
Apple (NASDAQ: AAPL) Limits Google (NASDAQ: GOOG) AdMob’s Capabilities on iPhone and iPad
Apple (NASDAQ: AAPL) has made it more difficult for third party advertising networks such a Google’s (NASDAQ: GOOG) AdMob to operate on its IPad and iPhone devices. Apple has quietly changed the terms of service for the iPhone developer agreement on Monday along with the release of the developer version of iOS4. If interpretations of [...]
Microsoft Corp (NASDAQ: MSFT) Announces Expression Studio 4
Microsoft Corp (NASDAQ: MSFT) announced the immediate availability of its new Expression Studio 4 suite to kick off the Internet Week New York 2010 conference. The new version of Microsoft’s professional design suite aims to make designers’ work flow more streamlined and easier. Microsoft Expression Studio 4 is available in three versions: Web Professional, Premium, [...]
Citigroup, Inc (NYSE: C) Appoints New Asia Executive
Citigroup, Inc (NYSE: C) announced on Tuesday that it has appointed Philippe Dirckx as a new regional client and sales management head for intermediaries and infrastructures for the region. Dirckx, based out of Hong Kong, will now lead a regional team managing an existing portfolio of high-profile banks and broker dealer clients. Dirckx will also [...]
Apple (NASDAQ: AAPL) Focuses on Mobile Devices, Placing Less Emphasis on Mac
Apple (NASDAQ: AAPL) Steve Jobs placed its iPhone OS, now called iOS, and related mobile devices including the iPhone, iPad and iPod Touch at the center of the focus of his keynote on Monday, while ignoring the company’s Macintosh platform. Some Mac users have taken issue with Apple’s management for allegedly placing a much greater [...]
California Yellow Cab Selects Ford (NYSE: F) CNG Transit Connect Vehicles
California Yellow Cab, an Orange County-based Taxi Service, has ordered a number of Ford Motor Co. (NYSE: F)’s Transit Connect vehicles powered by compressed natural gas (CNG). Ford is phasing out its Crown Victoria model, which is targeted at the police cruiser and taxi market, and is now hoping to push its boxy Transit Connect [...]
Citigroup, Inc (NYSE: C) Loses Three Chinese Executives to Barclays (NYSE: BCS), Credit Suisse and Goldman Sachs Group Inc. (NYSE: GS)
Citigroup, Inc (NYSE: C) employees Wu Sheng, Meng Song and Ji Yehong have resigned as managing directors for the bank’s team in China to join rival companies, according to media reports. Wu will join Barclays Plc (NYSE: BCS) and Ji will become an employee at Credit Suisse AG. Previously, the executives reported to Eugene Qian [...]
worst video player ever- after over2:00 there's still no video appearing 