Home » Archive for September, 2010

SEC Sets up $150 Million Settlement Fund for Bank of America Corp (NYSE: BAC) Case

SEC Sets up $150 Million Settlement Fund for Bank of America Corp (NYSE: BAC) Case

The U.S. Securities and Exchange Commission has setup a $150 million “fair fund” with money from Bank of America Corp (NYSE: BAC) which is to be distributed to its shareholders. The SEC claimed that Bank of America “failed to... More of this article »
Citigroup, Inc (NYSE: C) Spent $1.5 Million on Q2 Lobbying

Citigroup, Inc (NYSE: C) Spent $1.5 Million on Q2 Lobbying

Citigroup, Inc (NYSE: C) spent $1.47 million in lobbying the federal government during the second quarter on a number of issues related to the financial regulatory overhaul. Although there was a renewed focus on financial reform, Citigroup... More of this article »
Apple Media Event Countdown Begins (NASDAQ: AAPL)

Apple Media Event Countdown Begins (NASDAQ: AAPL)

Apple’s (NASDAQ: AAPL) now annual fall media event is just hours away, an event in years past that has been focused on music and has seen a number of product and technology announcements, including several iterations of the iPod... More of this article »
Wells Fargo & Co. (NYSE: WFC) Fixes Tax Withholding Issue for Advisors

Wells Fargo & Co. (NYSE: WFC) Fixes Tax Withholding Issue for Advisors

Wells Fargo & Co. (NYSE: WFC) implemented a temporary fix to address a tax-withholding glitch that had caused financial advisers to nearly revolt at the beginning of the year. The 11,000 advisors from Wachovia Securities were moved... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) to Shut Down Trading Desks

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... More of this article »
Apple (NASDAQ: AAPL) to Live Stream Media Event

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... More of this article »
Five Hedge Fund Managers Bought Citigroup (NYSE: C) Stock, Sold Bank of America Shares (NYSE: BAC)

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,... More of this article »