Archive for August, 2010
Apple (NASDAQ: AAPL) Executive Charged with Selling Secrets to Asian Supplies
A mid-level Apple (NASDAQ: AAPL) Executive has been charged with selling secrets to Asian suppliers for at least $1 million in kickbacks, reported the Wall Street Journal on Sunday. Apple global supply manager Paul Shin Devine was charged in a federal grand-jury indictment “with offenses that include wire fraud, money laundering and unlawful monetary transactions,” [...]
Exxon Mobil (NYSE: XOM) Bought Back $16.8 Million in Debt
Exxon Mobil Corp’s (NYSE: XOM) subsidiary XTO Energy Inc said on Friday that it has purchased more than $16.8 million in debt securities from its creditors. The company said that the offer to purchase 6.25% and 7.5% senior notes had expired on August 6th at 5:00 PM. The company offered 101% on the principal amount [...]
UBS (NYSE: UBS) Hires JPMorgan (NYSE: JPM) Executive for European Wealth Management Unit
UBS (NYSE: UBS) has named JPMorgan Chase & Co. (NYSE: JPM) veteran Jakob Stott as the new head of its European wealth management division, the latest new executive appointment as part of CEO Oswald Gruebel’s reorganization of the company. UBS had lost several key staff after making more than $50 billion worth of write-downs in [...]
Citibank (NYSE: C) to Increase Asia Securities and Funds Staff by 10-12%
Citibank’s (NYSE: C) securities and fund services unit in Asia plans to expand its base of staff by 10% to 12% during the next year as the company’s asset management business in the region grows quickly. Executives at the Citibank said they are seeing a new wave of small and medium sized asset management firms [...]
Citibank (NYSE: C) and Bank of America (NYSE: BAC) to Serve as Lead Underwriters for General Motors IPO
Bank of America Corp (NYSE: BAC)’s Merrill Lynch division and Citibank (Citigroup, Inc (NYSE: C)) has been added to General Motors’ list of lead underwriters for its initial public offering, according to a media reports on Friday. Analysts now expect initial paperwork for the IPO to be filed with the Securities and Exchange Commission early [...]
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Citibank (NYSE: C) Offering up to $400 Bonus for New Account Holdings
Citibank (NYSE: C) is offering up to $400 for those that live in Los Angeles and open an account with the New York-based bank. Anyone that opens a regular checking account with Citibank will be automatically eligible for a $200 bonus. Those that open a checking account with Citibank’s Account Package will earn the full [...]
BBVA Compass Offers SmartyPig Customers $150 In Cash
BBVA Compass, which recently entered into a business agreement with SmartyPig, is offering SmartyPig customers $150 in cash for opening a new checking account. If you’re not familiar with SmartyPig, it’s a goal based savings account that offers a superior interest rate of 2.15%, well above what most other online savings accounts are offering. SmartyPig [...]
Wells Fargo & Co. (NYSE: WFC) Cuts Off Mountaintop Removal Mining Companies
Wells Fargo & Co. (NYSE: WFC) joined a number of other banks in restricting the money that it loans to companies which practice mountaintop removal, a controversial mining practice which blows the tops off of mountains and dumps them into nearby streams, making coal and other minerals easier to reach. A number of ecologically sensitive [...]
Citigroup, Inc (NYSE: C) Becomes Next Apple (NASDAQ: AAPL) iAd Advertiser
Citigroup, Inc (NYSE: C) has joined the list of advertisers which are making use of Apple’s new iAd advertising platform which serves mobile ads to iPhone, iPod and iPad users. Citibank’s iAd allows users to indirectly install Citibank’s applications and promotes the bank’s credit card offerings to users. The ad tells different stories of Citibank [...]
Double Dip Recession 30% Likely, Goldman Sachs Group Inc. (NYSE: GS) Says
Goldman Sachs Group Inc. (NYSE: GS) analysts said that there’s a 25% to 30% change that the U.S. will fall into a double dip recession in a research note to investors on Friday. Goldman Sachs Senior U.S. Economist Ed McKelvey said, “as signs of slower U.S. growth have multiplied, market participants have become worried about [...]
Bank of America Corp (NYSE: BAC) Sells $44 Million in Structured Notes
Bank of America Corp (NYSE: BAC) announced that it has sold $44 million worth of structured notes which pay more interest when long term rates exceed short term rates. The 20 year notes were sold on August 10th and pay an interest rate of 14%, according to a prospectus which was filed with the Securities [...]
Citigroup, Inc (NYSE: C) to Hire 1,300 in Asia Securities Unit
Citigroup, Inc (NYSE: C) announced that its securities and fund services division in Asia would expand its staff by 1,300 during the next 12 months as the company’s asset management business in the region is growing quickly. The New York-based bank said that they are seeing a new wave of small to mid-sized asset management [...]
worst video player ever- after over2:00 there's still no video appearing 