Home » Archive for June, 2010
Sprint Can’t Keep HTC Evo in Stock (NYSE: S)
Demand for the new HTC EVO 4G smartphone is continuing to exceed the available supply. The new Android-based smart-phone debuted last Friday, but Sprint’s (NYSE: S) website has been out of stock of the phone since just a couple... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) and Morgan Stanley (NYSE: MS) to Lead General Motors IPO
Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co. (NYSE: JPM) will take the lead in General Motors’ initial public offering, according to media reports on Saturday. The IPO, which was originally set for July 10th, has been... More of this article »
Pfizer (NYSE: PFE) Heart Drug May Prevent Strokes, Blood Clots
Pfizer (NSE: PFE) has been in a drug development slump during the last several years, but a new study involving thousands of patients taking Pfizer’s experimental heart drug apixaban, developed in conjunction with New Jersey-based... More of this article »
Trade Commission to Hear Petition from HTC to Block iPhone Imports
The U.S. International Trade Commission will be reviewing HTC’s petition to block the imports of Apple’s iPhone, iPad and iPhone because of alleged patent infringement, the agency said on Friday. The ITC said on its website... More of this article »
Sale of Citigroup (NYSE: C) Stock Puts TARP Program at Half Way Point
The Federal Government’s Troubled Asset Relief Program (TARP) is slowly winding down, and with the sale of Citigroup, Inc (NYSE: C) stock, the Treasury Department has now received more in TARP payments than it has TARP funds... More of this article »
Prosper Hopes for Re-Regulation of Peer to Peer Lending Industry
Prosper Marketplace CEO Chris Larsen told Business Week that he hopes Congress will re-regulate the peer-to-peer lending industry so that his company will be regulated by another body than the Securities and Exchange Commission. In... More of this article »
Ford’s Closure of Mercury to Minimal Implications on Stock Price
Ford Motor Co. (NYSE: F) announced that it would soon be winding down its Mercury brand, but the brand contributes relatively little to the company’s earnings and its stock price. Analysts at Trefis estimated that the Mercury... More of this article »
General Electric Capital (NYSE: GE) Predicts No Double Dip Recession
General Electric Co. (NYSE: GE)’s financial arm, G.E. Capital, said that it does not see a second recession coming in the United States and that the economic turmoil in Europe will likely not hamper domestic economic growth for... More of this article »
Citigroup, Inc (NYSE: C) Aims for Growth in Poland
Citigroup, Inc (NYSE: C) has hired a former Morgan Stanley (NYSE: MS) executive, Pawel Graniewski, to run its Warsaw-based investment banking office just a few weeks after Poland’s government announced plans to raise billions... More of this article »
Bank of America Corp (NYSE: BAC) Divests from Two Latin America Units
Bank of America Corp (NYSE: BAC) is selling two of its Latin American units, Bank Itau Unibanco and Grupo Financiero Santander–for nearly $7 billion and a private equity portfolio for $2 billion. Bank of America Corp (NYSE: BAC)... More of this article »
Microsoft Corp (NASDAQ: MSFT) Set to Launch Free Version of Office
Microsoft Corp (NASDAQ: MSFT) is readying a launch of a free cloud-based version of its widely-used Office product next week which will compete with Google Docs and other online word processing services. The news comes more than five... More of this article »
General Electric Co. (NYSE: GE) Recalls 181,000 Washing Machines
General Electric Co. (NYSE: GE) will be recalling about 181,000 front-loading washing machines because of hazards due to fire and shock, according to a report from the Consumer Product Safety Commission (CPSC). The CPSC said that a... More of this article »
Sprint (NYSE: S) Faces Shortage on HTC Evo 4G
Sprint Nextel (NYSE: S) has stopped taking orders for the HTC Evo 4G as strong demand has made the device difficult to obtain. The company’s website on said on Thursday that shoppers should “check back later — more are on their... More of this article »
Bill Ackman Shares Why He Bought 146.5 Million Citigroup Shares (NYSE: C)
Hedge fund manager Bill Ackman said that his hedge fund, Pershing Square Capital Management, purchased 146.5 million Citigroup shares because he expects the New York-based financial services company to soon be able to return billions... More of this article »
BP Gives $75 Million in Grants to Alabama, Florida & Mississippi (NYSE: BP)
BP PLC (NYSE: BP) said that it will give $75 million worth of grants to Alabama, Florida and Mississippi as the states respond to the worst oil spill in America’s history. BP COO Doug Suttles said in a statement on Thursday his... More of this article »
Ford Sync to Integrate Google Maps with “Send to Sync” Service (F, GOOG)
Ford Motor Co. (NYSE: F) said that it would integrate Google’s (NASDAQ: GOOG) Maps service into its Sync system so that drivers can receive directions in their vehicles for no additional cost. The Detroit automaker plans to release... More of this article »
Goldman Sachs (NYSE: GS) Shares Hit 52-Week Low On New SEC Probe
Shares of Goldman Sachs (NYSE: GS) tumbled on Thursday, down 2.5 percent to a new 52-week low of $133.50 as reports surfaced that the Securities and Exchange Commission is now probing a second collateralized debt obligation (CDO) deal,... More of this article »
Lending Club Passes $10 Million in Loan Originations During May 2010
Lending Club, a company which operates a peer to peer lending website, said that it passed more than $10 million in monthly loan findings during May 2010, marking the first time that any U.S. based peer to peer lending company has... More of this article »
Lending Club Announces Photo Contest Finalists
Lending Club, a company which operates a peer to peer lending website, has announced the finalist for a photo contest that it is running to find background images for its new Bing-like website. Lending Club has posted the finalist... More of this article »
Microsoft Corp (NASDAQ: MSFT) Sold $1.15 Billion in Debt
Microsoft Corp (NASDAQ: MSFT) announced that it sold $1.15 billion worth of convertible senior notes due in 2013 as it seeks to replace it short-term debt with longer-dated debt. The bonds, which do not pay interest, can be traded... More of this article »
Ford Motor Co. (NYSE: F) Aims to Shutter Mercury Brand by 2011
Ford Motor Co. (NYSE: F) hopes to complete negotiations with its dealers by the end of the year to shut-down its Mercury brand and shift its focus on its Ford and Lincoln brands, CEO Alan Mulally said on Tuesday. Mulally did not discuss... More of this article »
Apple (NASDAQ: AAPL) Limits Google (NASDAQ: GOOG) AdMob’s Capabilities on iPhone and iPad
Apple (NASDAQ: AAPL) has made it more difficult for third party advertising networks such a Google’s (NASDAQ: GOOG) AdMob to operate on its IPad and iPhone devices. Apple has quietly changed the terms of service for the iPhone... More of this article »
Microsoft Corp (NASDAQ: MSFT) Announces Expression Studio 4
Microsoft Corp (NASDAQ: MSFT) announced the immediate availability of its new Expression Studio 4 suite to kick off the Internet Week New York 2010 conference. The new version of Microsoft’s professional design suite aims to... More of this article »