Home » Archive for June, 2010
Bank of America Corp (NYSE: BAC) Has 1.4 Million Delinquent Mortgages On its Books, Adds New Foreclosure Employees
Bank of America Corp (NYSE: BAC) has added 2,000 new employees since April to work with borrowers that are having trouble keeping up on their mortgages, according to a Business Week report. The Charlotte-based lender now has 18,000... More of this article »
Ford Motor Co. (NYSE: F) to Invest In African and Asian Export Hubs
Ford Motor Co. (NYSE: F) is making two multi-million dollar investments in major export hubs in Africa and Asia as part of an ongoing effort to boost its presence in quickly-growing emerging markets, according to a WSJ report this... More of this article »
Audible Podcast Deals: Get a Free or Discounted Audio Book form Audible.com
Audible.com is an advertiser on a number of popular podcasts, such as those on the TWIT.TV network including This Week in Tech. Audible offers a number of free trial options and discounts available to new users that hear about Audible... More of this article »
How to Get an Audible.com Free Trial and Get a Free Audio Book
Audible.com is currently offering a free trial to its monthly audio-book subscription service to any and all new users. The company offers two subscription plans, a “gold” membership, which normally retails for $14.95 which... More of this article »
Banco Santander to Purchase Citigroup (NYSE: C) Loan Portfolio
Banco Santander (STD) has agreed to purchase Citigroup, Inc (NYSE: C)’s loan portfolio in a deal announced on Thursday, in which the Spanish bank will purchase a $3.2 billion automobile-loan portfolio from Citigroup, Inc (NYSE:... More of this article »
Vittana Streamlines Microfinance Service
Vittana, a non-profit micro-finance lending service which provides education funding, is now enabling lenders to re-lend directly. Lenders on the service now no longer need to go through PayPal directly for each payment and re-payment. CEO... More of this article »
Goldman Sachs (NYSE: C), Citigroup (NYSE: C), and JPMorgan (NYSE: JPM) Rise on news of Financial Reform
Stocks rose Friday after news came down that Congress has passed a key hurdle in financial regulatory reform. A committee has reconciled the House and Senate proposals, and the legislation is now headed to President Obama’s desk.... More of this article »
Trading Revenues Rise on Wall Street
The Office of the Comptroller of the Currency (OCC) said on Friday that Trading Revenues at U.S. commercial banks soared 328 percent in the first quarter, compared to the fourth quarter of 2009. Improving credit markets is cited as... More of this article »
How to Get a Personal Loan
Personal loans are a necessary evil sometimes. They provide needed funds to cover an unexpected expense, provide the ability to consolidate debt and help you make major purchases. If used improperly they can put you into a world of... More of this article »
Discover Financial (NYSE: DFS) Swings Q2 Profit On Increased Volumes
Discover Financial Service (NYSE: DFS) announced Thursday that it returned to profitability in second quarter as volumes increased with customers using their card more often. A continued decline in delinquent accounts also helped... More of this article »
G.E. Financial Services to Fund $180 Million of Mexican Power Plant (NYSE: GE)
General Electric (NYSE: GE) Financial services, along with Spain-based Abengoa (MCE: ABG.MC) announced on Wednesday that they would invest $180 million to help develop the largest co-generation power plant in the country of Mexico According... More of this article »
OneWest Bank CEO Leaves Company to join Bank of America Corp (NYSE: BAC)
OneWest Bank CEO Terry Laughlin is leaving the California-based lender to join Bank of America Corp (NYSE: BAC), a Bank of America official confirmed Tuesday. Laughlin told OneWest about his plans to leave the company on Tuesday. Laughlin... More of this article »
Citigroup, Inc (NYSE: C) Says that Global Equities have Peaked
Citigroup, Inc (NYSE: C) Private Bank Global Chief Investment Officer Richard Cook said that global equities are set to fall as countries around the world end their stimulus measures which will result in a slowdown of economic growth. “It’s... More of this article »
Wells Fargo & Co. (NYSE: WFC) Poaches Advisors from JPMorgan Chase & Co. (NYSE: JPM) and RBC Wealth Management
Wells Fargo & Co. (NYSE: WFC)’s “Wells Fargo Advisors” unit has added three new advisors, two from RBC Wealth Management and one from JPMorgan Chase & Co. (NYSE: JPM), which have a combined total of client... More of this article »
Sprint Receives Higher Customer Service Ratings (NYSE: S) from ACSI
Sprint Nextel Corp (NYSE: S) has significantly improved their customer service rating on the American Customer Satisfaction Index this year. During the last several years, Sprint customers were relatively dissatisfied with their service... More of this article »
App Store is Still Not a Major Profit Center for Apple (NASDAQ: AAPL)
More than four billion free applications have been downloaded from Apple’s (NASDAQ: AAPL) App Store and paid for applications sell for an average price of $1.49, according to data from an analyst at Piper Jaffray. Analyst Gene... More of this article »
Ford Motor Co. (NYSE: F) CEO for Europe Predicts Weak Second Quarter Sales
Ford Motor Co. (NYSE: F) President and CEO for its European unit, John Fleming, said on Wednesday that the auto market had weakened during the second quarter after relatively strong demand during the first quarter because of continued... More of this article »
CBS Money Watch Highlights Peer to Peer Lending Industry
CBS’ Money Watch’s Farnoosh Torabi recently commented on the peer to peer lending industry in her “You’re So Money” column last week. Torabi initially started out as a skeptic of Lending Club and Prosper... More of this article »
Lending Club Offering Investment Bonus Through July 5th
Lending Club, a company which offers a peer to peer lending service, is offering investors a bonus of up to $300 for investors that add funds into their account by July 5th. In an email sent to investors, Lending Club wrote “You... More of this article »
Apple Sells 3 Million iPads In Less Than 3 Months
Apple (NSDQ: APPL) announced Tuesday that it has sold 3 million iPads as of June 21, just 80 days after the product was introduced in the United States. The iPad allows users to browse the web, watch videos, listen to music, read... More of this article »
JP Morgan Chase (NYSE: JPM) Shuffles Executive Team
JP Morgan Chase (NYSE: JPM) Chief Executive Office Jamie Dimon shuffled his executive management team on Tuesday. Dimon promoted one executive into a newly created role, while rotating two more executives into existing positions.... More of this article »
Bank of America Corp (NYSE: BAC) to Launch Discount Brokerage
Bank of America Corp (NYSE: BAC)’s Merrill Lynch division plans to launch a new discount online brokerage aimed at new and young investors today. The service, known as Merrill Edge, hopes to compete with existing online trading... More of this article »
Pfizer and Adolor Drug to Treat Osteoarthritis Fails to Beat Placebo
Adolor Corp said that two of its new drug candidates that it was developing alongside Pfizer (NYSE: PFE) to treat osteoarthritis did not perform better than a placebo in a midstage clinical phase-II trial involving 400 patients. “We... More of this article »