Archive for September, 2010
Audible.com Kindle Discount: Get a Free Audio Book
Most people know that you can listen to audiobooks on your iPod, but you can also listen to audiobooks on your Kindle. Because of a partnership between Research in Motion and Audible.com, you can get a free audiobook using the Audible.com Kindle discount and promotion deal and 30 days of free services as well as [...]
Citigroup, Inc (NYSE: C) to Release Q3 Earnings on October 18th.
Citigroup, Inc (NYSE: C) plans to release its third-quarter earnings results in a press release before the market opens on Monday, October 18th. The New York-based bank plans to releases its Q3 results at 8:00 AM ET on Monday October 18th, 2010 via press release. The company will have a live webcast to discuss its [...]
Citigroup Fails to Get Terra Firma Suit Dismissed (NYSE: C)
Citigroup, Inc (NYSE: C) must face a lawsuit from private equity firm Terra Firma Capital Partners which accused the bank of tricking the firm into overpaying for EMI Group Ltd in 2007, ruled U.S. District Judge Jed Rakoff in Manhattan on Tuesday. The New York-based bank had asked Judge Rakoff to dismiss the case, but [...]
Citigroup is “Comfortable” with Basel III Requirements, CFO Says (NYSE: C)
Citigroup, Inc (NYSE: C) Chief Financial Officer John Gerspach said that the New York-based bank is “very comfortable” with new capital requirements proposed by the Basel Committee on Banking Supervision known as Basel III. In an internal memo sent to Citigroup employees, Gerspach said in what he referred to as “Brief thoughts” that “While details [...]
Citigroup, Inc (NYSE: C) Hires American Express (NYSE: AXP) Executive to Run Credit Card Division
Citigroup, Inc (NYSE: C) has hired American Express Co. (NYSE: AXP) executive Jud Linville as the company’s new CEO of cards, the company announced on Tuesday. Linville had previously spent 20 years working at American Express Co. (NYSE: AXP), most recently being the chief executive of U.S. consumer services. Linville will replace Paul Galant as [...]
Morgan Stanley (NYSE: MS) Denies Allegations about Subprime Mortgage Investments
Morgan Stanley (NYSE: MS) denied allegations made by the China Development Industrial Bank (CDIP) that it had suffered more than $250 million in losses from subprime-mortgage investments that the firm told CDIP were supposedly low-risk. A Morgan Stanley spokesman said in a statement on Tuesday that “we believe these allegations are wholly without merit and [...]
Citigroup, Inc (NYSE: C) Hires Morgan Stanley (NYSE: MS) Executive
Citigroup, Inc (NYSE: C) has hired Cecelia Stewart from Morgan Stanley (NYSE: MS) as the company’s new president of its North American retail bank. Stewart, age 52, joined Morgan Stanley (NYSE: MS) in 2008 after working with Wachovia Corp, where she became a vice president after starting out as a branch manager. Most recently, she [...]
Bank of America to Follow Citigroup’s Lead and Sell Non-Core Assets (NYSE: BAC) (NYSE: C)
Bank of America Corp (NYSE: BAC) plans on taking a move out of Citigroup, Inc (NYSE: C)’s playbook by highlighting billions of dollars’ worth of assets that it intends to either sell or wind down operations on. The Charlotte-based bank told investors and analyst alike that it’s considering disclosures on a number of assets including [...]
Ford Motor Credit to Issue $1 Billion in Five Year Notes (NYSE: F)
Ford Motor Co. (NYSE: F)’s finance arm may sell $1 billion worth of five-year notes, according to a report from Bloomberg News. Ford Motor Credit, the second-largest issuer of high-yield corporate debt, may issue the debt as soon as today, said the report citing people familiar with the matter that remained anonymous because the terms [...]
Visa (NYSE: V) Comments on $10.00 Minimum for Credit Card Transactions
Visa (NYSE: V) has clarified its policies about allowing merchants to set a $10.00 minimum on credit card transactions in a blog post on its website after The Consumerist published an article suggesting that many of the largest credit card companies were doing their customers a disservice by setting the minimums. Visa Corporate Relations executive [...]
Citigroup, Inc (NYSE: C) Loses Investment Banking Market Share in Europe
Citigroup, Inc (NYSE: C) is losing some of its investment banking market share in Europe after 12 European managing directors left the company to competitors including Bank of America Corp (NYSE: BAC) and Barclays PLC (NYSE: BCS). Citigroup fell from first to eight in providing advice on mergers and acquisitions in European transactions valued at [...]
BP Says that Claims Will Not Exceed $20 Billion (LON: BP)
BP PLC (LON:BP) doesn’t expect its legal claims from the Gulf of Mexico oil spill to go beyond the $20 billion it had set aside in an escrow fund managed by the government. A research report from Citigroup, Inc (NYSE: C) equities research analysts Mark Fletcher said that incoming BP CEO Robert Dudley expects payouts [...]
JPMorgan, Wells Fargo and Bank of America Benefit from Basel III News (JPM, WFC, BAC)
JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC) and Goldman Sachs Group Inc. (NYSE: GS) all benefited from news on Monday as new global rules for capital requirements were clarified. The new set of rules, agreed to on Sunday in Basel, Switzerland, was agreed on by top central bankers and various [...]
iPhone Antenna Issues Aren’t Over, Consumer Reports Says (NASDAQ: AAPL)
Apple (NASDAQ: AAPL) said on Friday that the company plans on discontinuing its case program at the end of September, a move which was designed to placate disgruntled iPhone 4 users that had antenna issues, but Consumer Reports saying that those issues still haven’t been resolved and that it won’t recommend the iPhone 4. Consumer [...]
Nokia Hires Former Microsoft Executive as New CEO (NASDAQ: MSFT)
Nokia has hired former Microsoft (NASDAQ: MSFT) executive Stephen Elop to serve as its new chief executive officer in a move to reclaim lost ground to Apple and Google which has removed more than $161 billion worth of its market value. Elop, 46, will take over as president and CEO of the world’s largest phone [...]
worst video player ever- after over2:00 there's still no video appearing 