Archive for September, 2010
Ford (NYSE: F) Hires Former Hyundai Design Head
Ford Motor Co. (NYSE: F) has hired former Hyundai-design chief Joel Piaskowski to become the company’s new director of exterior design for the Americas. Piaskowski, age 41, is a graduate of the College for Creative Studies in Detroit. He previously worked alongside Edward T. Welburn Jr., now vice president of design at GM, before joining [...]
Microsoft Corp (NASDAQ: MSFT) Issues 23% Larger Quarterly Dividend
Microsoft Corp (NASDAQ: MSFT) announced on Tuesday that it would increase its dividend by 23% to $0.16 per share. Microsoft has increased its dividend during its last three September board meetings to stay in line with the company’s operating income. The company’s investor relations general manager said last month that it expected its policy of [...]
Report Suggest Ad Costs will Rise Because of Yahoo-Microsoft Partnership (NASDAQ: YHOO) (NASDAQ: MSFT).
A study published on Monday suggested that the prices paid by advertisers to place ads in search engines may rise after Yahoo (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT) combine their internet search services. The report, compiled by search-marketing firm GroupM Search, said that advertisers could pay as much as 78% more to buy ads on [...]
Google (NASDAQ: GOOG) to Add Document Editing to Apple (NASDAQ: AAPL) iPad and Android Phones
Google, Inc (NASDAQ: GOOG) announced on Monday that it would be releasing versions of its Google Docs for Apple’s (NASDAQ: AAPL) iPad and Android smartphones which allow users to edit documents on said platforms. The announcement was posted by Google Enterprise President Dave Girouard on the company’s official blog for Google Docs. Google noted that [...]
Bank of America Corp (NYSE: BAC) Gives $10 Million to Boston Museum of Fine Areas
Bank of America Corp (NYSE: BAC) announced on Monday that it would be giving $10 million to the Boston Museum of Fine Arts, evenly split between cash and art, including a painting by Ellsworth Kelly. After a $5 million gift from Bank of America Corp (NYSE: BAC) as part of the Boston Museum of Fine [...]
Leadership Changes on Deck Across Major Banks
Trends are common in the management of banking institutions – for a while, all the major banks were headed by retail banking veterans. As firms began to realize how small the margin was in those businesses, the shift was made to expats for Fixed Income Trading desks, which exists to this day. Now, a clear [...]
Flextronics (NASDAQ: FLEX) Given “Sell” Rating by Goldman Sachs Group Inc. (NYSE: GS)
Flextronics (NASDAQ: FLEX) was given a “sell” rating by equities research analysts at Goldman Sachs Group Inc. (NYSE: GS). The analysts set a $5.50 price target saying that the company’s ODM business could dilute the company’s margins. Flextronics International Ltd. (Flextronics) is a provider of vertically-integrated advanced design and electronics manufacturing services (EMS) to original [...]
Bank of America Corp (NYSE: BAC) Issues Dividend on Preferred Stock
Bank of America Corp (NYSE: BAC) announced on Friday that its Board of Directors had authorized a quarterly dividend of $18.125 per share on its 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The bank said that the dividend is payable on November 1, 2010 to shareholders of record as of October 1, 2010. Bank [...]
Citigroup, Inc (NYSE: C) Prepares to Unveil New European Investment Banking Strategy
Citigroup, Inc (NYSE: C) is planning on revealing a new strategy for its investment banking business in Europe after facing three years of losing many of its top investment banking executives to other companies, according to a report from the Wall Street Journal. The report said that that Citigroup’s investment banking co-heads for Europe, the [...]
Lending Club Bonus: Get 1.5% Back Through Recurring Transfer Cash Program
Lending Club is currently offering a 1.5% bonus to funds that are invested through the recurring transfer cash bonus club program. If you are a Lending Club investor, you can get up to a 1.5% cash bonus on your investments when you setup a recurring transfer program. You’ll get 1.5% back on $500 or more [...]
Citigroup, Inc (NYSE: C) Pitching $600 Million Collateralized Loan Obligation
Citigroup, Inc (NYSE: C) is marketing a piece of a $600 million collateralized loan obligation (CLO) managed by Guggenheim Investment Management LLC, according to a report from Bloomberg News. The report said that the New York-based bank is selling a $300 million chunk of the CLO, rated AAA by Standard & Poor’s. The remainder of [...]
Bank of America Corp (NYSE: BAC) Credit Card Write-Offs Increase
Bank of America Corp (NYSE: BAC) said on Wednesday that its charge-off rate for credit cards increased during the month of August, ending four months of declining charge-off rates. Charlotte-based Bank of America Corp (NYSE: BAC) said in a regulatory filing that tis charge-off rate rose to 11.72% of balances in the month of August, [...]
Bank of America Corp (NYSE: BAC) Ahead of Schedule on Climate Change Funding Plan
Bank of America Corp (NYSE: BAC) announced in a statement on Friday that it’s ahead of its schedule to fund $20 billion in business initiatives focused on addressing climate change, a 10 year goal. The Charlotte-based bank said that it has directed $8.4 billion through lending, investing and activity in capital markets, as well as [...]
Citigroup (NYSE: C) Sells Student Loan Business to Discover Financial Services (NYSE: DFS)
Citigroup, Inc (NYSE: C) has agreed to sell its student loan business to Discover Financial Services (NYSE: DFS) for $600 million. Stamford, CT-based Student Loan Corp. said in a statement on Friday that it would be purchased by Discover for $30.00 per share, or about 40% higher than the closing price on Thursday in the [...]
Audible.com Specials: Get One Free Audiobook.
If you’re looking for Audible.com Specials, you’ve come to the right place. Audible.com currently has a special offer in which new customers can get one free audio book for trying out Audible.com’s service. With your free trial membership, you’ll get 14 days of service and access to Audible.com’s library of more than 85,000 titles. Audible [...]
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