Archive for July, 2010
Bank of America Corp (NYSE: BAC) Appoints New EMEA Chief Risk OfficerBank of America Corp (NYSE: BAC) Appoints New EMEA Chief Risk Officer
Bank of America Corp (NYSE: BAC)’s Merrill Lynch division announced the appointment of David Oman as the company’s new Chief Risk Officer (CRO) for Europe, the Middle East and Africa (EMEA) beginning in October. Oman will be based in London and report to Marisa Harney, head of International Risk Strategy Development. He will be responsible [...]
Ford Motor Co. (NYSE: F) Sees 53% Growth in China Sales
Ford Motor Co. (NYSE: F) sold 53% more vehicles during the first half of 2010 compared to the same period in 2009, according to a statement from the company The Dearborn-MI based automaker said that it sold 301,524 vehicles in China during the first six months of 2010. Specifically, the company said that its passenger [...]
Mortgages Remain a Priority for Citigroup, Inc (NYSE: C)
Citigroup, Inc (NYSE: C) has been working hard to re-invent itself by shedding non-core businesses and focusing on its retail, corporate and investment banking and has made a big push into mortgages as part of that move. During the last two months, mortgage applications at Citigroup, Inc (NYSE: C) branches have increased by more than [...]
Apple (NASDAQ: AAPL) iTunes Store Accounts Hacked by Vietnamese Developer
A rogue Vietnamese developer, Thuat Ngyugen, has reportedly hacked into Apple (NASDAQ: AAPL) iTunes accounts and gamed the “Books” category of the App Store in an effort to artificially inflate the ratings and sales for his book applications. PC World, The Next Web and Engadget reported on Sunday that Nguyan’s apps accounted for 42 of [...]
Google (NASDAQ: GOOG) Fixes YouTube Cross Site Scripting Vulnerability
Google (NASDAQ: GOOG) has fixed a flaw on YouTube which allowed hackers to bombard users with pop-up messages and redirect unsuspecting users to adult websites. Malfeasants placed their carefully-crafted code into the comments section under popular videos which would run when people watched the clip. In some cases, a pop-up screen appeared reporting that Canadian [...]
Citigroup, Inc (NYSE: C) Keeps South Korea out of World Government Bond Index
South Korea has failed to meet the qualifications to participate in Citigroup’s World Government Bond Index (WGBI) this year. A committee from Citigroup, Inc (NYSE: C) informed the Korean Ministry of Strategy and Finance of the decision on Monday. Citigroup, Inc (NYSE: C)’s World Government Bond Index tracks bonds issued by advanced economies and is [...]
Developer Brings Adobe’s Flash (NASDAQ: ADBE) to the Apple (NASDAQ: AAPL) iPad
A developer has successfully gotten a mobile version of Adobe’s (NASDAQ:ADBE) Flash technology working on the Apple (NASDAQ: AAPL) iPad and iPhone. In order to make use of the newly hacked-up version of Flash for the iPad, you’ll have to jailbreak your device. The version of Flash, called “Frash,” for the iPad is not without [...]
Ford Motor Co. (NYSE: F) Begins Figo Exports to South Africa
Ford Motor Co. (NYSE: F) announced on Monday that it has set aside 1,200 of its Figo compact cars to be exported from India to South Africa, suggesting that India is an increasingly important part of Ford Motor Co. (NYSE: F)’s global manufacturing strategy. The Figos, which were produced at Ford Motor Co. (NYSE: F)’s [...]
General Electric Co. (NYSE: GE) CEO Says China Comments Taken Out of Context
General Electric Co. (NYSE: GE) said on Thursday that comments made by CEO Jeffrey immelt have been taken out of context after the Financial Times quoted him criticizing President Obama and China during a private discussion. “The comments attributed to GE CEO Jeff Immelt by the FT were taken out of context and, in some [...]
Citigroup, Inc (NYSE: C) Considering Shuffling Proprietary Traders
Citigroup, Inc (NYSE: C) is considering moving roughly two dozen proprietary traders onto desks that trade with the company’s clients, according to a Monday report from the Wall Street Journal citing anonymous sources. A number of banks have transitioned their proprietary traders to work with clients as the federal government clamps down on the practice [...]
Microsoft Corp (NASDAQ: MSFT)’s Internet Explorer Usage Share Increases
Microsoft Corp (NASDAQ: MSFT)’s Internet Explorer has reversed a multi-year decline in its browser usage, at least for the month of June. Internet Explorer’s usage increased from 59.8% to 60.3% according to new statistics from Net Applications, a browser analytics company which monitors usage of various web browsers across large network websites. The gain was [...]
General Electric Co. (NYSE: GE) Eyes for Growth in Saudi Arabia
General Electric Co. (NYSE: GE) Hopes to make Saudi Arabia a manufacturing hub in the Islamic world as the company seeks to build its revenue from last year’s total of $3 billion. General Electric Co. (NYSE: GE) is focused on building its Saudi investments in manufacturing, job creation and energy development, said Akram Hamad in [...]
Microsoft Corp (NASDAQ: MSFT) Sees Strong Demand for Xbox 360 Slim
Microsoft Corp (NASDAQ: MSFT) said that the Xbox 360 Slim that it introduced at E3 is a major hit at retail stores in a statement made on Friday. “We are hearing great feedback from retailers that the new Xbox 360 250GB is experiencing unprecedented demand,” said the company. “Strong demand for the new Xbox 360 [...]
Citigroup, Inc (NYSE: C) Says Africa Provides a “Sweet Spot”
Citigroup, Inc (NYSE: C) said that Africa’s population of 1 billion people is creating a new “sweet spot” for financial companies. “A lot of the demographics here in Africa are exactly what financial services institutions are looking for as the sweet spot,” commented Citigroup Chairman Dick Parsons in an interview at the Fortune Global Forum [...]
Microsoft Corp (NASDAQ: MSFT) Store Lists New Pricing for Kinect
Microsoft Corp (NASDAQ: MSFT) is listing its “Kinect” gaming system on the Microsoft Store for $149.99 available as a pre-order only, in line with previous rumors of the pricing of the device. This does not mean that official pricing has been released for the product. There’s a disclaimer in the product listing which cautions that [...]
worst video player ever- after over2:00 there's still no video appearing 