Home » Archive for June, 2010
California Yellow Cab Selects Ford (NYSE: F) CNG Transit Connect Vehicles
California Yellow Cab, an Orange County-based Taxi Service, has ordered a number of Ford Motor Co. (NYSE: F)’s Transit Connect vehicles powered by compressed natural gas (CNG). Ford is phasing out its Crown Victoria model, which... More of this article »
Citigroup, Inc (NYSE: C) Loses Three Chinese Executives to Barclays (NYSE: BCS), Credit Suisse and Goldman Sachs Group Inc. (NYSE: GS)
Citigroup, Inc (NYSE: C) employees Wu Sheng, Meng Song and Ji Yehong have resigned as managing directors for the bank’s team in China to join rival companies, according to media reports. Wu will join Barclays Plc (NYSE: BCS)... More of this article »
Bank of America Corp (NYSE: BAC) Expands Health Coverage to Meet Federal Mandate
Bank of America Corp (NYSE: BAC) said that it would be expanding health insurance coverage for dependents up to age 26 ahead of a new government mandate. The Charlotte-based bank’s current employee insurance plans cover dependent... More of this article »
SmartyPig Announces Move From WestBank to Compass Bank
SmartyPig, a company which offers a goal-based savings account, has switched its partner bank from West Bank to Compass Bank (“BBVA Compass”) as its U.S. bank services provider. Earlier in the year, it was reported that... More of this article »
Morgan Stanley (NYSE: MS) To Close 300 Branches, Cut Jobs
According to recent reports, Morgan Stanley (NYSE: MS) has plans to close 300 branch offices and reduce its workforce by up to 1,200 over the next year. The move comes as the bank looks to cut costs and better integrate the resources... More of this article »
Citigroup, Inc (NYSE: C) Hires Three Metal Executives
Citigroup, Inc (NYSE: C) has hired Heath Jansen as its head of European metals and mining research. The New York-based bank has also hired two additional executives for its metals dvision. Jansen returned to Citigroup, Inc (NYSE:... More of this article »
Microsoft Corp (NASDAQ: MSFT) Defends Security Record after Google (NASDAQ: GOOG) Drops Windows from Internal Use
Search-giant Google (NSADAQ: GOOG) recently made the decision to move away from using Windows on the company’s computers over security concerns and began moving company employees over to Mac and Linux OSes. Microsoft did not... More of this article »
Mexico to Join Citigroup, Inc (NYSE: C)’s World Government Bond Index
Mexico will join Citigroup, Inc (NYSE: C)’s World Government Bond Index (WGBI) in October after meeting requirements for inclusion for three consecutive months, the New York-based bank announced on Wednesday. In a release from... More of this article »
Microsoft Corp (NASDAQ: MSFT) Cancels Bing Cash Back Program
Microsoft Corp (NASDAQ: MSFT) has cancelled Bing’s cash-back feature which provided search engine users a rebate on items that they purchased through Bing’s search engine after the platform was not well adopted. Bing’s... More of this article »
FINRA Awards $550,000 in Damages to Citigroup, Inc (NYSE: C) Investors
The Financial Industry Regulatory Authority (FINRA) awarded more than $550,000 in damages to investors that put money into a fixed-income municipal arbitrage instrument which was sold by Citigroup, Inc (NYSE: C) According to a release... More of this article »
Ford (NYSE: F) Sees 23% Year-Over-Year Increase in May Sales
Ford Motor Co. (NYSE: F) saw a 23% increase in sales in its Ford, Lincoln and Mercury brands for the month of may. The Detroit-based automaker is currently in the process of closing the sale of its Volvo brand to Chinese automaker... More of this article »
Bank of America Corp (NYSE: BAC) CEO Tempers Dividend Expectations
Bank of America Corp (NYSE: BAC) CEO Brian Moynihan said that investors that are hoping for a strong dividend increase this year might want to keep their expectations low, speaking with analysts at a Sanford Bernstein conference in... More of this article »
S&P Lowers Credit Rating on British Petroleum (NYSE: BP)
Standard & Poor’s Ratings Services dropped its long-term corporate credit rating on British Petroleum (NYSE: BP) from ‘AA’ to ‘AA-‘. The short-term corporate credit rating remains ‘A-1+’. “The... More of this article »
Morgan Stanley Smith Barney Fires Municipal Bond Strategist (C, MS)
Morgan Stanley (NYSE: MS) Smith Barney has fired Muncipal Bond Strategist George Friedlander after working for the company for more than three decades according to a new report from Business Week. Friedlander, 62, worked at Citigroup,... More of this article »
Pfizer Recalls Potentially-Deadly Intravenous Drugs (NYSE: PFE)
Pfizer (NYSE: PFE) announced on Thursday that it would be recalling intravenous drugs that has floating matter in them, warning that the drugs could potentially kill patients that have been weakened. The recall comes just days after... More of this article »
Hitachi Reviewing Nuclear Power Partnership with General Electric Co. (NYSE: GE)
Hitachi (6501.T) said on Tuesday that it would be reviewing the structure of its current nuclear power partnership with General Electric Co. (NYSE: GE) as it hopes to win more deals on a global basis. A spokesman for Hitachi did not... More of this article »
Apple Launches Showcase of HTML 5 Technologies (NASDAQ: AAPL)
Just days before the World Wide Developer Conference, Apple (NASDAQ: AAPL) has created a number of demonstrations based on the next generation of web standards known as HTML 5. The “HTML5 Showcase” features seven different... More of this article »
Bank of America Corp (NYSE: BAC) to Open Mortgage Outreach Centers in Nevada
Bank of America Corp (NYSE: BAC) announced that it would be opening three outreach centers in Nevada to help struggling homeowners. The outreach centers will be tasked with serving Bank of America Corp (NYSE: BAC)’s Nevada customers... More of this article »
Third Party Warranty Companies Target Apple iPad Users (NASDAQ: AAPL)
If we have learned anything from BlendTec during the last six months, it’s that the iPad is not indestructible. Apple (NASDAQ: AAPL) and other third party warranty companies are well aware of this and have begun offering various... More of this article »
G.E. Predicts Rising Profit for Appliance and Lighting Unit (NYSE: GE)
General Electric Co. (NYSE: GE)’s Appliance & Lighting president, Jim Campbell, said that he believes that his business unit will see rising revenue and profit during the second half of the year, citing federal stimulus... More of this article »
Richard Bove Cuts Estimates on Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS)
Noted Rochdale Securities analyst Richard Bove cut his forecasts on shares of Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS) on Friday citing a number of near-term risks. Bove, who has previously expressed a bullish... More of this article »
Will Steve Jobs Announce an iPad Revision at Apple’s WWDC? (NASDAQ: AAPL)
Rumors sites are in full gear discussing what Steve Jobs might announce at tomorrow’s keynote, hitting off Apple’s (NASDAQ: AAPL) World Wide Developer Conference. It’s expected that Jobs will announce new iPhone models based... More of this article »
Bank of America Corp (NYSE: BAC) Pledges to Increase Small Business Spending
Bank of America Corp (NYSE: BAC) announced that it will increase the amount of money that it spends on purchasing from small and mid-sized businesses and has pledged to to purchase $10 billion in products and services from them over... More of this article »