Archive for July, 2010
Pfizer Cancels Late Stage Drug Trial (NYSE: PFE)
Pfizer (NYSE: PFE) has decided to cancel a late-stage clinical trial of a new antipsychotic drug called Geodon which was slated to treat children with bipolar disorder. The New York-based pharmaceutical company says that it still plans for pediatric approval of the drug, which had 2009 sales of $1 billion, according to a spokeswoman. The [...]
Citigroup, Inc (NYSE: C) Downgrades UDR Inc (NYSE: UDR) Stock Rating
Citigroup, Inc (NYSE: C) analysts downgraded shares of UDR Inc (NYSE: UDR) to a “hold” rating and lowered its price target on the company from $26.00 to $21.00. UDR, Inc. (UDR) is a self-administered real estate investment trust (REIT) that owns, acquires, renovates, develops and manages apartment communities nationwide. At December 31, 2009, the Company’s [...]
Citigroup, Inc (NYSE: C) Upgrades Home Properties (NYSE: HME) Stock Rating
Citigroup, Inc (NYSE: C) analysts upgraded shares of Home Properties (NYSE: HME) to a “buy” rating. Home Properties, Inc. (Home Properties) is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, acquires, develops and rehabilitates apartment communities. The Company’s properties are regionally focused, primarily in selected Northeast, Mid-Atlantic and Southeast Florida markets [...]
JPMorgan Chase (NYSE: JPM) Offers Interest Rate Breaks to Small Businesses Who Hire
The latest job figures, released today, are another reminder of the importance on hiring for our economy. And the engines of that job growth are small businesses. That’s a useful background for a new program being announced by JPMorgan Chase (C). In a report on CNNMoney.com, Chase has created a new incentive for small businesses [...]
Audible’s Droid Application: Coming Soon
Audible.com, a subscription service which offers Audiobooks, is currently testing a version of their software for Android-based (droid) phones. The Audible Droid application has a target date of sometime this summer and may even launch before an improved iPhone experience is available to Audible users. The new Audible Droid app will allow subscribers to do [...]
Ford Motor Co. (NYSE: F) To Sponsor New Orleans Music Festival
Ford Motor Co. (NYSE: F) has announced in a press release that it will return as the exclusive sponsor for the 2010 Essence Music Festival being held this July Fourth weekend in New Orleans According to the statement, “Ford will be involved with the festival in an organic way that enables people to learn more [...]
U.S. Treasury Sells 1.1 Billion Shares of Citigroup (NYSE:C) Common Stock
In a press release, the U.S. Department of the Treasury announced the sale of approximately 1.1 billion shares of Citigroup (C) common stock pursuant to the completion of its second trading plan with Morgan Stanley (MS) as sales agent. To date, Treasury has sold a total of approximately 2.6 billion shares of Citigroup common stock [...]
Comparing Apples and Oranges: Peer to Peer Lending and Savings Accounts.
Banks such as ING Direct and FNBO direct which were previously considered to be “high yield” savings accounts are now offering FDIC insured savings accounts at interest rates of barely 1%. Savvy consumers that shop around might be able to find rates closer to 2%, but it’s a far cry from the 5% rates that [...]
Lending Club Partners with Mint.com to Help Users Create and Meet Financial Goals
Mint.com has partnered with Lending Club, a popular peer to peer lending website, in its newly launched “Goals” feature which helps users of Mint to get out of debt and set other life goals. Mint hopes that its partnership with Lending Club will help its users get out of credit card debt sooner and pay [...]
worst video player ever- after over2:00 there's still no video appearing 