Archive for October, 2010
Get a Free Audiobook with the “Audible.com/BB” Deal
Most people know that you can listen to audiobooks on your iPod, but you can also listen to audiobooks on your Blackberry. Because of a partnership between Research in Motion and Audible.com, you can get a free audiobook using the “Audible.com/BB” Deal and 14 days of free services as well as access to a library [...]
Ford (NYSE: F) May Cut Product Line to 20 Models
Ford (NYSE: F) CEO Alan Mulally recently said that his company may reduce its total vehicle line-up to as few as 20 different models. When being asked about the Dearborn, MI-based company’s future line-up of models while addressing the Confederation of British Industry in London Monday, he said, “There will be less than 30, on [...]
JPMorgan Took in Most Investment Banking Fees YTD (NYSE: JPM)
JPMorgan (NYSE: JPM) took in the largest amount of fees from its global investment banking business amongst its competitors during the first three quarters of the year, despite seeing declines in its market share and revenue during the period. The New York-based bank, which saw increased business during the financial crisis, earned fees of $3.7 [...]
Ford (NYSE: F) Extends Sync API to Additional Developers
Ford Motor Co (NYSE: F) is releasing its software development kit for its Sync technology to a number of additional companies. To date, two internet radio providers, Pandora and Stitcher, as well as Twitter-application OpenBeak have built applications for Ford’s in-car Sync system and now Ford hopes that additional partners will build applications for its [...]
Morgan Stanley (NYSE: MS) Announces Q3 Conference Call
Morgan Stanley (NYSE: MS) plans to announce its third-quarter financial results on October 20th, 2010 before the market opens. The company will also have a conference call to discuss the results at 11:00 AM ET on the same date. The company issued details to hear the conference call in a statement yesterday, “The call will [...]
Bank of America Gives $1 Million in Education Grants (NYSE: BAC)
Bank of America Corp (NYSE: BAC) gave announced that it would be giving $1 million in contributions to education initiatives in the Charlotte area, including $200,000 awards to Teach for America and Freedom School Partners as part of a wider initiatives to help reduce high school dropout rates in the region. The gifts are being [...]
Citigroup Must Defend Suit Over Loan Documentation (NYSE: C)
New York-based Citigroup (NYSE: C) must defend a lawsuit relating to documentation over certain mortgage loans, a federal appeals court ruled The suit against Citigroup, Inc (NYSE: C)’s CitiFinancial Mortgage is only a small part of a larger controversy related to the quality of legal filings on foreclosure documentations. Ally Financial, JPMorgan Chase & Co. [...]
Soleil Securities Reiterates “Buy” Rating on Infinera Corp (NASDAQ: INFN)
Equities research analysts at Soleil Securities reiterated a “buy” rating on shares of Infinera Corp (NASDAQ: INFN) to $13.50 in a research note to investors on Monday. Infinera Corporation (Infinera) is a provider of optical networking systems based on Photonic Integration technology. It provides products across the entire range of multi-wavelength optical communications applications, from [...]
Citigroup and Wells Fargo May Halt Foreclosures, Gasparino Says (NYSE: C) (NYSE: WFC)
Wells Fargo & Co. (NYSE: WFC) and Citigroup, Inc (NYSE: C) may be the next two major banks to announced that they are going to suspend foreclosures, said Fox Business Network’s Charlie Gasparino on Monday afternoon. Bank of America Corp (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), GMAC (Ally Financial) and a division of [...]
Ford Motor Co. (NYSE: F) Sees 27% Sales Increase in Africa and Asia
Ford Motor Co. (NYSE: F) announced on Monday that it saw a 27% increase in sales in the Asia-Pacific and African regions during the month of September as a result of strong sales in China and India and strong demand for its new Ford Fiesta sub compact vehicle. The Dearborn, MI-based automaker said that it [...]
JPMorgan Chase (NYSE: JPM) Set to Announce Earnings Wednesday, Bank of America (NYSE: BAC) and Citigroup (NYSE: C) to Follow
Expectations for third quarter earnings results remain tepid at best, following a series of equity researchers slashing earnings and price targets for many of the key banks. Nonetheless, we are at the dawn of earnings season, and the first major bank is set to disclose results Wednesday morning before the market opens, JPMorgan Chase & [...]
Citigroup (NYSE: C) Pessimistic on Microsoft (NYSE: MSFT)
With the lagging economy, the market for luxury items is weak. Consumers are choosing to forego and delay major purchases that are not critical, which seems completely rational due to the rising unemployment and bleak economic outlook. The market for personal computers are no exception to that rule, and the companies in the technology industry [...]
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM) and Others Halting Foreclosures, Markets Sag
When the banks foreclose, people get angry. Apparently, when they slow down or stop foreclosing, that angers the people as well. Following last week’s announcement that many of the major banks are suspending foreclosure sales while they review their processes, confusion and anger seem to be building amongst the populist. Bank of America (NYSE: BAC), [...]
Financials Lag S&P In Q3, Led by Bank of America (NYSE: BAC)
With the third quarter now complete, we can look back and more fully assess the state of the market and industries. Although financial stocks have drove the performance of the broad market for years, there was a clear divergence this past quarter. During the last quarter, the S&P 500 gained nearly 10.7%, but the KBW Index [...]
Goldman Sachs (NYSE: GS) Division Halts Foreclosures
Goldman Sach’s (NYSE: GS) mortgage-servicing business, Litton Loan Servicing LP, said that it will be halting some of its foreclosures to review how the documents are related to the cases are handled. “Litton Loan Servicing has suspended foreclosure proceedings in certain cases while it completes a review of its procedures,” Donna Marie Jendritza, a spokeswoman [...]
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