Home » Archive for June, 2010
Morgan Stanley (NYSE: MS) Hires Citigroup (NYSE: C) Equity Analyst
Morgan Stanley (NYSE: MS) has hired Citigroup, Inc (NYSE: C)’s Kimberly Greenberger as a managing director and senior analysts to cover specialty stores. Greenberger had worked at Citigroup since 2004 and was the second-ranked... More of this article »
Pfizer (NYSE: PFE) Arthritis Drug Performs Significantly Better than Placebo in Knee Pain
A new biotech arthritis drug being developed by Pfizer (NYSE: PFE) was found to be significantly better at reducing knee pain than a placebo in a late-stage trial, according to data shown on Friday. The drug, known as tanezumab, is... More of this article »
Ford (NYSE: F) to Provide Free Maintenance to New Lincoln Owners
Ford Motor Co. (NYSE: F) said that it will provide free maintenance to customers that purchase or lease a new Lincoln vehicle this summer. The news of the new offer comes on the heels of an announcement that Ford will expand the brand’s... More of this article »
Citigroup, Inc (NYSE: C) To Sell Canadian MasterCard Unit
Citigroup, Inc (NYSE: C) announced on Monday that it had signed an agreement to sell its Canadian MasterCard business to Canadian Imperial Bank of Commerce. The terms of the deal were not disclosed, however, the deal will reduce the... More of this article »
Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE) Shares To Be Delisted
Shares of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) will be delisted from the New York Stock Exchange for failure to meet minimum exchange requirements. Shares of both government controlled companies tumbled more than 40... More of this article »
Verizon to Purchase 500 CNG Ford Vehicles (VZ, F)
Ford Motor Co. (NYSE: F) announced on Friday that Verizon Communications (NYSE: VZ) will buy 501 Ford E-250 cargo vans that have engines which burn compressed natural gas. The telecommunications company plans on using 2010 Ford E-250... More of this article »
Bank of America Corp (NYSE: BAC) Fined $195,000 for Violating Missouri Telemarketing Laws
Bank of America Corp (NYSE: BAC) has agreed to pay a fine of $195,000 in order to settle a suit from the Missouri attorney general’s office to settle allegations that the Charlotte-based bank violated telemarketing laws. Missouri... More of this article »
Texas Company Sues Pfizer Over Prescription Drug Marketing (NYSE: PFE)
A health insurance company based in Texas is suing Pfizer (NYSE: PFE) saying that the drug company marketed three of its top-selling drugs and has illegally encouraged doctors to prescribe them for non-approved uses. The insurance... More of this article »
Sprint (NYSE: S) Denies Rumors of Smart Phone Data Throttling
Rumors have surfaced that Sprint Nextel (NYSE: S) will begin throttling data for smart phone users later in the summer based on a leak from an internal company handbook, however, further investigation has shown that the alleged throttling... More of this article »
Microsoft Corp (NASDAQ: MSFT) to Release Controller-Free games for the Xbox 360
Microsoft Corp (NASDAQ: MSFT) is expected to announce a new set of video games this week which do not require players to make use of a controller to navigate through a series of menus to begin game play. The Redmond-based technology... More of this article »
“Too Hot” Former Citibank Employee Hires Top-Notch Lawyer to Fight Case (NYSE: C)
Debrahlee Lorenzana, a former Citibank employee who claims that she was fired to being “too hot”, has now hired a top-notch lawyer to fight her case against Citigroup (NYSE: C). Lorenzana has hired Robert Wolf, who also... More of this article »
Ford to Move Mondeo to New Powertrain Line (NYSE: F)
Ford Motor Co. (NYSE: F) has announced two new engines for its Mondeo line of sedans. The recent announcement adds the company’s Ecoboost turbocharged gasoline engine, an updated version of the Duratorq TDCI diesel engine and... More of this article »
Google Expands Turn By Turn Navigation to 11 New Countries (NASDAQ: GOOG)
Google (NASDAQ: GOOG) has launched its free navigation service as part of its Google maps package, which includes free turn-by-turn directions to 11 new countries, which now allow for French, German, Italian, and Spanish speakers to... More of this article »
General Electric Co. (NYSE: GE) Announces Quarterly Dividend
General Electric Co. (NYSE: GE)’s Board of Directors authorized a regular quarterly dividend of $0.10 per outstanding share of the company’s common stock on June 11th. The dividend is payable July 26, 2010 to shareowners... More of this article »
Bank of America Corp (NYSE: BAC) to Inject Capital into South Africa Division
Bank of America Corp (NYSE: BAC) said that it will make a “significant capital injection”to improve the balance sheet of its Merrill Lynch business in South Africa, according to a new report from Business Day. The capital injection... More of this article »
FDRA Warns Pfizer (NYSE: PFE) For Failing to Report Drug Side Effects
The U.S. Food and Drug Administration sent a 12-page warning letter to Pfizer (NYSE: PFE) for failing to report certain serious potential side effects from its drugs, including Viagra, Lipitor and Lyrica, which are already on the market. The... More of this article »
Citigroup, Inc (NYSE: C) Upgrades Forecast for Taiwanese Growth
Citigroup, Inc (NYSE: C) upgraded its 2010 forecast of economic growth for Taiwan from 5% to 7% based on the company’s strong export performance for the year. Cheng Cheng Mount, chief economist of Citibank Taiwan, said that the... More of this article »
Ford’s Closure of Mercury Gets Little Reaction from Investors (NYSE: F)
Ford Motor Co. (NYSE: F)’s anticipated closure of Mercury has not brought much attention from investors. Mercury has not had a unique identity during the last several years and ending the line now appears to be a timely and prudent... More of this article »
Hewlett-Packard Announces Email Printing Platform (NYSE: HP)
Hewlett-Packard announced its new ePrint platform on Monday and a new line of printers which will have the capability of printing documents that are emailed to the device. Users of the printers can simple send a web page or document... More of this article »
Australian Government Opens Investigation into Google Privacy Snafu (NASDAQ: GOOG)
The Australian government has opened an investigation on Sunday into whether or not Google had illegally collected private information from wireless networks, becoming the second country to formally investigate the search giant’s... More of this article »
Privacy Group to Report Google Accidental Wi-Fi Data Collection to Police (NASDAQ: GOOG)
Privacy International said that it plans on approaching the Police regarding Google’s recent admission that it had accidentally collected data from unsecured Wi-Fi networks during the last three years. The error came to light... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) Purchases $125 Million in Claims from Lehman Brothers
JPMorgan Chase & Co. (NYSE: JPM) purchased $125 million worth of claims on the now bankrupt Lehman Brothers Holdings Inc. from Reserve International Liquidity Fund Ltd. in New York for an unstated price. The claims amount to commercial... More of this article »
Federal Judge Dissolves Foreclosure Injunction Against Bank of America Corp (NYSE: BAC)
U.S. Federal District Court Judge Craig Waddoups has dissolved a preliminary injunction Bank of America Corp (NYSE: BAC) and its subsidiary ReconTrust, allowing the bank to continue foreclosure proceedings on hundreds of homeowners... More of this article »