Archive for June, 2010
Bank of America Corp (NYSE: BAC) to Open Mortgage Outreach Centers in Nevada
Bank of America Corp (NYSE: BAC) announced that it would be opening three outreach centers in Nevada to help struggling homeowners. The outreach centers will be tasked with serving Bank of America Corp (NYSE: BAC)’s Nevada customers get loan modifications and other foreclosure assistance. The Charlotte-based bank opened its first center last Tuesday in Henderson, [...]
Third Party Warranty Companies Target Apple iPad Users (NASDAQ: AAPL)
If we have learned anything from BlendTec during the last six months, it’s that the iPad is not indestructible. Apple (NASDAQ: AAPL) and other third party warranty companies are well aware of this and have begun offering various types of coverage to insure one’s iPad. SquareTrade, an independent warranty company, has begun selling an alternative [...]
G.E. Predicts Rising Profit for Appliance and Lighting Unit (NYSE: GE)
General Electric Co. (NYSE: GE)’s Appliance & Lighting president, Jim Campbell, said that he believes that his business unit will see rising revenue and profit during the second half of the year, citing federal stimulus programs for boosting industry sales. Campbell said that the consumer appliances sector “is probably behind the curve” in terms of [...]
Richard Bove Cuts Estimates on Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS)
Noted Rochdale Securities analyst Richard Bove cut his forecasts on shares of Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS) on Friday citing a number of near-term risks. Bove, who has previously expressed a bullish stance on Goldman Sachs’ stock, said that he expects “defaults and austerity measures in Europe” to hurt [...]
Will Steve Jobs Announce an iPad Revision at Apple’s WWDC? (NASDAQ: AAPL)
Rumors sites are in full gear discussing what Steve Jobs might announce at tomorrow’s keynote, hitting off Apple’s (NASDAQ: AAPL) World Wide Developer Conference. It’s expected that Jobs will announce new iPhone models based off of the iPhoneOS 4.0. There have also been rumors of the launch of Mac OS X 10.6.4, Safari 5 and [...]
Bank of America Corp (NYSE: BAC) Pledges to Increase Small Business Spending
Bank of America Corp (NYSE: BAC) announced that it will increase the amount of money that it spends on purchasing from small and mid-sized businesses and has pledged to to purchase $10 billion in products and services from them over the next half-decade. Bank of America Corp (NYSE: BAC) President of Global Commercial Banking David [...]
Wells Fargo & Co. (NYSE: WFC) Hires Financial Advisers Away from UBS
Wells Fargo & Co. (NYSE: WFC)’s Wells Fargo Advisors unit has recruited a team of financial advisors from UBS Wealth Management Americas. On Thursday, Robert Baker and Edmund Iannaccone joined Wells Fargo’s Paramus, New Jersey, office. The duo had a combined $1.7 million in annual production and managed approximately $214 million in assets. Before joining [...]
Survey Says Ford (NYSE: F) Will Be Able to Retain Mercury Buyers
A new report from AutoTrader.com suggests that Ford Motor Co. (NYSE: F) will have a strong opportunity to keep Mercury buyers as it phases out the brand later this year. AutoTrader said that 28% of people shopping for new Mercury’s on AutoTrader also looked at Ford vehicles, and another 7% looked at Lincoln models on [...]
Will Apple Announce Safari 5 at WWDC? (NASDAQ: AAPL)
Several sources are reporting that Apple (NASDAQ: AAPL) CEO Steve Jobs may announce Safari 5, which is reported to feature better HTML 5 support, a faster JavaScript rendering engine, and support for Bing Search, during his keynote at the World Wide Developer Conference on Monday. The news comes after several alleged internal documents were released [...]
Google (NASDAQ: GOOG) to Release Chrome OS Before Holiday Season
Google (NASDAQ: GOOG) to Release Chrome OS Before Holiday Season Google (NASDAQ: GOOG) plans on releasing its browser-based operating system, Chrome OS, sometime this fall, perhaps in time for the holiday shopping system, according to a report from the Register. Sundar Pichai, a vice president of product management at Google, speaking at the Computex conference [...]
Bank of America Corp (NYSE: BAC) Employees Sue Over Wages
Employees of Bank of America Corp (NYSE: BAC) have sued the Charlotte, NC-based bank over allegedly failing to pay workers for overtime and other wages. The lawsuit, filed in Kansas City, KS federal court, will consolidate 12 similar lawsuits on behalf of employees in California, Florida, Kansas, Texas and Washington. The suit is hoping to [...]
Doctors in Japan Use iPad as Surgery Tool (NASDAQ: AAPL)
Japanese doctors recently made use of OsiriX, an imaging application for the Apple (NASDAQ: AAPL) iPad, to help visualized a patient’s internal anatomy and cancerous legions during an operation. Doctors interacted with the iPad using swipes, pinches and zooms on a series of images and animations to get a better feel for the patient’s internals. [...]
Bank Of America (NYSE: BAC), Citigroup (NYSE: C), Several Others Spend Total Of $1.8 Million Lobbying In Q1
U.S. banking institutions spent $1.8 million on lobbyists during the first quarter as they aimed to get their voices heard in regard to the financial regulation overhaul. The American Bankers Association reported the amount, which was paid by its members, including Bank of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan Chase (NYSE: JPM), among [...]
MasterCard (NYSE: MA) Launches iPhone and iPad Money Sending Application
MasterCard (NYSE: MA) announced on Thursday that it has launched a new iPad and iPhone application called “MoneySend” which is designed to allow individuals transfer money to others and accept credit cards, however the app isn’t all that it’s cracked up to be. MasterCard Chief Innovation Officer Joshua Peirez wrote in the company’s press release [...]
Verizon is Not Getting the iPhone in 2010, Executive Confirms (VZW, AAPL)
A Verizon (VZW) wireless executive confirmed that his company would not be added Apple’s (NASDAQ: AAPL) iPhone or iPad to its network in the immediate future. There has been a lot of speculation about when Verizon and Apple will pair up, however, Verizon Spokesman John Johnson confirmed that his company won’t be supporting Apple’s line [...]
worst video player ever- after over2:00 there's still no video appearing 