Home » Archive for July, 2010
Microsoft Corp (NASDAQ: MSFT) Kin Smart Phone Receives Tribute Site
Microsoft Corp (NASDAQ: MSFT)’s Kin smart phone only was on the market for a few weeks before the Redmond-based company killed the product. Many are light-heartedly morning the loss of the Kin and a new tribute site, KinRIP.com,... More of this article »
Apple (NASDAQ: AAPL) Eliminates iPhone 4 Restocking Fee
Apple (NASDAQ: AAPL) has announced that it will be waiving the restocking fee for the iPhone 4 in response to the reception issues that many have seen with the device. Buyers that want to return the product can do so within 30 days... More of this article »
Analysts Positive on Ford Motor Co. (NYSE: F) Debt Repayment
Ford Motor Co. (NYSE: F) announced that it’s paying down an additional $4 billion in debt to strengthen its balance sheet and analysts have taken the move as a positive development for the company. Morningstar analyst avid Whiston... More of this article »
Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) Using Brokerage Units to Promote Retail Banking Services
Brokerages, such as Bank of America Merrill Lynch (NYSE: BAC) and Morgan Stanley Smith Barney (NYSE: MS) which also offer retail banking services have been working hard to promote banking and lending services to their clients in an... More of this article »
Exxon Mobil (NYSE: XOM) and Shell May Consider Bidding for BP Takeover (NYSE: BP)
Exxon Mobil Corp (NYSE: XOM) and Royal Dutch Shell Plc (NYSE:RDS.A) may consider take-over bids for BP Plc (LON: BP) after the British oil company lost more than half of its market value as a result of the Gulf of Mexico oil spill,... More of this article »
U.S. Treasury Completes Sale of 1/3rd of Citigroup, Inc (NYSE: C) Stock
The U.S. Treasury Department said on Thursday that it’s completed the sale of additional Citigroup, Inc (NYSE: C) stock bringing the government’s profits from the sale of the bank’s stock to more than $2 billion. In total, the... More of this article »
General Electric Co. (NYSE: GE) Capital Hires New Chief Risk Office
General Electric Co. (NYSE: GE)’s GE Capital unit has hired a new chief risk office (CRO) from Wells Fargo & Co. (NYSE: WFC) according to a statement made by the company on Thursday. Ryan Zanin will succeed Jim Colica in the... More of this article »
First Republic Bank Declares Independence from Bank of America Corp (NYSE: BAC)
First Republic Bank has completed a management-led buyout as Bank of America Corp (NYSE: BAC) in an effort to return to its roots as an independent San Francisco-based banks. The banks managers announced in October that they planned... More of this article »
General Motors and Ford Motor Co. (NYSE: F) Auto Sales See Declines in June
General Motors and Ford (NYSE:F) both reported June sales numbers which fell short of analysts’ estimates as wary consumers avoided large purchases during the month. General Motors U.S. sales rose by 11%, missing the 16% estimate... More of this article »
Citigroup, Inc (NYSE: C) Stock Sale Slowed by U.S. Treasury
The rate at which the U.S. treasury sold shares of Citigroup, Inc (NYSE: C) slowed during the month of June as Citigroup, Inc (NYSE: C) shares declined by 5.1% during a general stock market slump. Between May 27th and June 30th, the... More of this article »
Former Wachovia Exec Resigns form Wells Fargo & Co. (NYSE: WFC) Board of Directors
Former Wachovia CEO Robert Steel has resigned from Wells Fargo & Co. (NYSE: WFC)’s board of directors according to a regulatory filing filed on Friday. Steel took over Wachovia Corp in 2008 as the Charlotte-based bank headed... More of this article »
J.P. Morgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) Continue to Hold Top Spots in Derivative Exposure. But What Does it Mean?
According to the Office of the Comptroller of the Currency, J.P. Morgan Chase (JPM) and Bank of America Corp. (BAC) hold $123 trillion of derivative positions. J.P. Morgan Chase holds the top spot with $76.4 trillion, while Bank of... More of this article »
Ford Motor Co. (NYSE: F) May Resume Dividends in 2012
Ford Motor Co. (NYSE: F) may resume dividend payouts on common stock as soon as 2012, according to data from Bloomberg. Ford recently caught up on paying dividends on preferred stock that it had missed for the last 14 months and the... More of this article »
Citigroup, Inc (NYSE: C) To Hire 300 New Employees in Taiwan
Citigroup, Inc (NYSE: C)’s Taiwan business said on Thursday that it would be hiring more than 300 new employees by the end of the year. Citibank Taiwan Chairman Victor Kuan said that Citigroup, Inc (NYSE: C) has been in Taiwan... More of this article »
Wells Fargo & Co. (NYSE: WFC) Reduces Student Loan Rates
Wells Fargo & Co. (NYSE: WFC) has reduced the variable interest rate that student loan borrowers are being charged through its “Wells Fargo Collegiate” and “Wells Fargo Student Loan for Parents” programs. The San Francisco-based... More of this article »
Bank of America Corp (NYSE: BAC) Sponsors Free Museum Days in Charlotte
Bank of America Corp (NYSE: BAC) will be sponsoring free museum weekends in Charlotte as part of the bank’s “Museums on Us” initiative which provides cardholders free individual access to a select group of museums over the weekend... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »