Archive for September, 2010
JPMorgan Chase & Co. (NYSE: JPM) to Shut Down Trading Desks
JPMorgan Chase & Co. (NYSE: JPM) will be eliminating is proprietary trading desks in order to comply with new federal regulations banning banks from taking risks with their own money to generate additional revenue, according to a report late Tuesday from Bloomberg News. The new regulation, termed the “Volcker Rule,” mandates that banks be prohibited [...]
Apple (NASDAQ: AAPL) to Live Stream Media Event
Apple (NASDAQ: AAPL), will be live streaming its press event today to users, but only those users running iOS or OSX based devices. Some believe that the move to only broadcast the live stream to Apple users is a snub on the part of the company, but it’s more likely that Apple is hoping to [...]
Five Hedge Fund Managers Bought Citigroup (NYSE: C) Stock, Sold Bank of America Shares (NYSE: BAC)
Bank of America Corp (NYSE: BAC)’s stock is trading near its 52 week lows and hedge fund managers aren’t happy, causing five hedge fund managers to sell shares of the Charlotte-based bank’s stock and move their funds into Citigroup, Inc (NYSE: C). Reuters first reported yesterday that Lee Ainslie of Maverick Capital sold his entire [...]
worst video player ever- after over2:00 there's still no video appearing 