Archive for September, 2010
Lending Club Issues Record Number of Peer to Peer Loans in August
Peer-to-peer lending company Lending Club hit a new record high in the amount of loans that it originated during the month of August, issuing more than $12 million in loans to borrowers during the month. Lending Club is part of a fledgling niche in the financial industry called peer to peer lending, in which a [...]
General Electric Co. (NYSE: GE) Announces Partnership for Car Charging Network
General Electric Co. (NYSE: GE) has partnered with Better Place, a Silicon Valley electric car infrastructure company, to develop technology and financing for car batteries, the company announced on Wednesday. G.E., a producer of an electric vehicle charging station known as the WattStation, plans on making its product compatible with Better Place’s service network. Better [...]
Visa (NYSE: V) Gets Boost after $800 Million Funding of Litigation Escrow Account
Shares of Visa (NYSE: V) rose by 0.97% on Wednesday after the company announced that it had put $800 million of funding into its litigation escrow account. Analysts at FBR Capital reacted positively to the news saying that the escrow deposit, which is part of the firm’s retrospective responsibility plan, will be the equivalent of [...]
G.E. and NBC Opposed to Apple’s $0.99 TV Rentals (NASDAQ: AAPL) (NYSE: GE)
General Electric Co. (NYSE: GE)’s NBC is unlikely to join rivals Fox and ABC in serving up $0.99 TV show rentals to Apple TV users for $0.99 through the iTunes store later in the year, said NBC Universal Chief Executive Jeff Zucker at an investor conference hosted by Goldman Sachs Group Inc. (NYSE: GS) on [...]
Audible.com Zune: Get a Free Audiobook for Your Zune
If you own a Microsoft Zune or a Zune HD, you can grab a free audiobook through Audible.com. Audible.com is currently offering Zune users one free audio book, a value of up to $24.95, and 14 days of free services as well as access to a library of more than 85,000 titles. Audible has a [...]
Download a Free Audiobook with Audible.com’s “Audible.com/Specialoffer” Coupon.
Audible.com is currently offer a free audiobook download from Audible.com with its current “Audible.com/specialoffer” coupon. The world’s premier audiobook service is now offering a 14-day free trial in which listeners can get one free audio book by taking advantage of the “specialoffer” coupon by visiting “audible.com/specialoffer.” You’ll also get 14 days of free service and [...]
TD Ameritrade Stock Reels from Client Metrics Release (NASDAQ: AMTD)
TD Ameritrade (NASDAQ: AMTD) released a new set of client metrics on Tuesday night and analysts and traders alike took notice, with the stock trading down 0.74% during trading on Wednesday. Analysts at FBR Capital issued a research note to investors on Wednesday saying that the metrics were “mostly in line with expectations” and that [...]
Blockbuster Bankruptcy Looms (PINK: BLOKA)
Many cities may soon lose their last remaining local video stores as Blockbuster, a company that helped turn home movie renting into pastime, is preparing to file for Chapter 11 bankruptcy protection, according to reports from Bloomberg News and USA today, who were tipped by an anonymous source that is “familiar with the matter.” The [...]
SEC Investigation into Goldman Sachs (NYSE: GS) Questioned
In a well publicized case earlier this year, the Securities and Exchange Commission reached a settlement with Goldman Sachs (NYSE: GS) on alleged wrongdoing in a sale of mortgage securities called Abacus 2007 AC-1. Today, the SEC’s internal watchdog said the timing of the fraud lawsuit was “suspicious,” suggesting agency officials tried to distract attention [...]
Citigroup, Inc (NYSE: C) Sued over Sale of Student Loan Business
Citigroup, Inc (NYSE: C)’s announcement that it would sell its student loan business to SLM Corp and Discover Financial Services (NYSE: DFS) has led to a lawsuit from an investor that thinks shareholders have not gotten fair market value for the company’s student loan business in the deal. Shareholder Alan Kahn filed a suit in [...]
Wal-Mart (NYSE: WMT) Hopes to Expand to San Francisco
Wal-Mart Stores Inc. (NYSE: WMT) is hoping to open two dozen stores in the San Francisco Bay area as part of its new “urban strategy”, according to a report from the San Francisco Chronicle. Although the cities that Wal-Mart hopes to open stores in have traditionally been somewhat hostile toward big-box stores, Wal-Mart hopes to [...]
BAC, C, GS and JPM CEOs Spent $360,000 in Q2 Lobbying.
The Financial Services Forum, a group representing the CEOs of Citigroup, Inc (NYSE: C), Bank of America Corp (NYSE: BAC), Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM), spent $360,000 in lobbying the government during the second quarter on issues ranging from China’s financial markets to tax policy. The amount [...]
JPMorgan Chase & Co. (NYSE: JPM) Issues $0.05 Per Share Dividend
JPMorgan Chase & Co. (NYSE: JPM)’s board of directors issued a quarterly dividend of $0.05 per share on the company’s common stock. The dividend will be payable on October 31st, 2010 to shareholders of record at the close of business on October 6th, 2010. Investors with questions can call JPMorgan spokesperson Lauren Tyler at 212-270-8205. [...]
Bank of America (NYSE: BAC) Sees Increase in HAMP modifications
Bank of America Corp (NYSE: BAC) announced on Tuesday that it had completed 79,859 mortgage modifications through the government’s Home Affordable Modification Program, an increase from the 76,300 that it had announced last month, but slower growth than the company had seen earlier in the year. The company said that the slowing growth rate is [...]
Citigroup, Inc (NYSE: C) to Sell Stake in Monex Group
Citigroup, Inc (NYSE: C) will sell the majority of its stake in Japanese brokerage Money Group Inc as part of its ongoing strategy to divest itself of non-core assets. The New York-based bank is expected to sell 503,250 shares in Monex to the public in Japan, Asia and European markets, cutting its stake from 20.6% [...]
worst video player ever- after over2:00 there's still no video appearing 