Archive for September, 2010
Lazard Downgrades American Eagle (NYSE: AEO) to “Buy”
Lazar equities research analysts downgraded shares of American Eagle (NYSE: AEO) from a “hold” rating to a “buy” rating in a research note to investors on Friday. American Eagle Outfitters, Inc. offers on-trend clothing, accessories and personal care products. It operates under the American Eagle (AE), aerie by American Eagle, 77kids by american eagle and [...]
Citigroup, Inc (NYSE: C) Reiterates “Hold” Rating on Finisar Corp (NASDAQ: FNSR)
Analyst at Citigroup, Inc’s (NYSE: C) equities research division reiterated its “hold” rating on shares of Finisar Corp (NASDAQ: FNSR), with a price target of $19.00, up from $17.00. Finisar Corporation (Finisar) is a provider of optical subsystems and components that connect short-distance local area networks (LANs), and storage area networks (SANs), and longer distance [...]
Get a Free Audiobook with Audible.com’s “Audiblepodcast.com/Transmission” Deal.
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Grab a Free Audiobook with Audible.com’s “Audiblepodcast.com/Best” Coupon.
If you’ve got some free listening time, download a free audiobook from the world’s best audiobook service, Audible.com, with its current “Audiblepodcast.com/best” coupon. The audiobook service is now offering a 30-day free trial in which listeners can get one free audio book by taking advantage of the “best” coupon by visiting “audiblepodcast.com/best.” You’ll also get [...]
Invoking Volker: JPMorgan Chase (NYSE: JPM) Shuts Proprietary Trading Unit, But Will Other Banks Follow
JPMorgan Chase & Co. (JPM) became the first investment bank to take steps to comply with the so-called “Volcker Rule” by shutting down its proprietary trading unit. JPM, the second-biggest U.S. bank by assets, told about 20 traders who work on its commodities trading desk that the company will close the unit, Bloomberg News reported, [...]
Wells Fargo & Co. (NYSE: WFC) Abused Tax Break Relating to Wachovia Issue, FCIC Says
The Financial Crisis Inquiry Commission is accusing Wells Fargo & Co. (NYSE: WFC) of taking advantage of a tax-break that was never approved by the Congress during its 2008 takeover of Wachovia, adding billions of dollars to the cost of bailouts. Former Representative Bill Thomas said that Wells Fargo’s interpretation of IRS rules during the [...]
10-YearTreasury Notes Will Fall Below 2%, Bank of America Corp (NYSE: BAC) Says
Bank of America Corp (NYSE: BAC) analysts believe that yields on ten-year Treasury notes will fall to a record low of less than 2% during the first quarter of 2011 as the US Federal Reserve expands its purchases of U.S. debt. The Federal Reserve is expected to purchase $500 billion to $750 billion worth of [...]
JPMorgan Chase & Co. (NYSE: JPM) Spent $1.5 Million in Q2 Lobbying
JPMorgan Chase & Co. (NYSE: JPM) spent $1.52 million during the second quarter lobbying the government, largely regarding the financial regulatory overhaul. The New York-based bank spent 14% less than it did during the same quarter a year earlier, when it spent $1.76 million. For the first half of the year, JPMorgan Chase & Co. [...]
Citigroup, Inc (NYSE: C) to Expand Microfinance Operations in India
Citigroup, Inc (NYSE: C) is moving into the microfinance industry in the country of India as part of an effort to bring financial inclusion and education to the unbanked in that country. CEO Vikram Pandit said that “We have a strong franchise in India and are looking forward to being a part of India’s growth.” [...]
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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 properly disclose employee bonuses and financial losses at Merrill Lynch before shareholders approved the merger of [...]
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 spent 12% less than the $1.67 million it spend during the same quarter a year ago. Citi spent [...]
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 Nano and the iPod Touch. The most common speculation for this year’s event is that there [...]
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 into Wells Fargo & Co. (NYSE: WFC)’s payroll system in January, which automatically withholds 25% of commissions for [...]
worst video player ever- after over2:00 there's still no video appearing 