Home » Archive for June, 2010
Hewlett Packard (NYSE: HPQ) To Slash 9,000 Jobs In Enterprise Service Business
Hewlett Packard (NYSE: HPQ) announced Tuesday that it will eliminate 9,000 jobs from its enterprise service business as it reinvests in automating the unit. The world’s largest PC maker plans to take charges of about $1 billion over... More of this article »
Woman Sues Google for Bad Walking Directions (NASDAQ: GOOG)
Lauren Rosenburg, of Park City, UT, said that she used her BlackBerry to get walking directions from her Google Maps application to get directions to her destination. Rosenburg said that she was hit by a car after following the application’s... More of this article »
Ford Motor Co. (NYSE: F) Predicts 11.1 Million Vehicle Sales Annually in May
Ford Motor Co. (NYSE: F) chief sales analyst said in a recent interview that he believes the U.S. auto industry’s annualized sales will hit 11.1 million in the month of May, which would be the third consecutive month above the... More of this article »
Wells Fargo & Co. (NYSE: WFC) Submits High Bid for Makena Beach & Golf Resort.
Wells Fargo & Co. (NYSE: WFC) submitted the high bid of $55 million at an auction on Friday for the purchase of Makena Beach & Golf Resort. The San Francisco-based bank is the trustee of a group of lenders which are owed more... More of this article »
Citigroup (NYSE:C) Adds Metals Analyst Heath Jansen
Shoring up their mining and metals segment, Citigroup (NYSE:C) has hired Heath Jansen to manage the European metals and mining research unit of the bank, along with two others for their London office, who will also focus on the overall... More of this article »
Apple May Be Revamping “Apple TV” Product to Compete with Google TV (GOOG, AAPL)
Apple, Inc (NASDAQ: GOOG) may be readying a revamped version of its Apple TV product which will eliminate its set-top box form factor and move the media player into a tiny device running the iPhone OS, according to a new report from... More of this article »
Bill Ackman is Bullish on both America and Citigroup, Inc (NYSE: C)
Noted hedge fund manager, Bill Ackman, who operates Pershing Square Capital Management, said that he believes that the U.S. markets have healed from their issues in 2008 and 2009 and is very optimistic about shares of Citigroup, Inc... More of this article »
11,000 Call Options Purchased on General Electric (NYSE: GE)
General Electric Co. (NYSE: GE) shares traded lower on Friday by 1.86% and ended the day at $16.35. Shares of the conglomerate have been declining during the last several weeks, but have recently rebounded off its historical support... More of this article »
Citigroup, Inc (NYSE: C) Announces Second Quarter Earnings Date
Citigroup, Inc (NYSE: C) announced in a press release that it would be announcing its second quarter earnings results before the market opens on July 16th, 2010. The conference call for investors related to the earnings announcement... More of this article »
Lehman Brothers Sues JPMorgan Chase & Co. (NYSE: JPM)
Lehman Brother’s bankruptcy estate has filed a lawsuit against JPMorgan Chase & Co. (NYSE: JPM) saying that the bank had demanded billions of dollars more than it needed from Lehman during its final days, helping contribute... More of this article »
DOJ Expands Investigation of Apple (NASDAQ: AAPL) to Apps, Other Services
The U.S. Department of Justice’s investigation into how Apple (NASDAQ: AAPL) conducts its business operations in the music industry is reportedly expanding to several of the other electronics makers’ offerings, potentially... More of this article »
Ford Motor Co. (NYSE: F) May Have Been Planning to Shelve Mercury For Years
Ford Motor Co. (NYSE: F) made ripples in the automotive industry last week as rumors surfaced suggesting that the Detroit automaker may plan on phasing-out its Mercury line of vehicles. New media reports suggests that Ford may have... More of this article »
Google (NASDAQ: GOOG) Says Facebook Is Most Visited Site Online, Yahoo (NASDAQ: YHOO) Second.
Google, Inc (NASDAQ: GOOG) has published a list of the 1,000 most visited websites with Facebook being listed as the most visited site online with more than 570 billion page views, 540 million unique users per month and a reach of... More of this article »
Morgan Stanley (NYSE: MS) Hires Former HSBC Executive (NYSE: HBC) As New Head of Asia Rates Strategy
Morgan Stanley (NYSE: MS) has appointed a former HSBC Holdings PLC (NYSE: BC) executive as its new head of Asia Rates Strategy, excluding Japan. The firm has announced that it has hired Pieter Van Der Schaft as its new head of Asia... More of this article »
Will Goldman Sachs Group Inc. (NYSE: GS) Pay $1 Billion to Settle its SEC Suit?
Will Goldman Sachs Group Inc. (NYSE: GS) Pay $1 Billion to Settle its SEC Suit? Goldman Sachs Group Inc. (NYSE: GS) was recently charged by the Securities and Exchange Commission for defrauding investors and new media reports suggest... More of this article »
Bank of America (NYSE: BAC) Accidentally Forecloses on Wrong Home, For the Third Time
Bank of America Corp (NYSE: BAC) has accidentally foreclosed on a home that they had no legal right to do so, for the third time in less than a year. This time, Bank of America tried to foreclose on the home of Nancy Willmes who paid... More of this article »
Citigroup, Inc (NYSE: C) Hires Matthias Rode as New German Head of Derivatives
Citigroup, Inc (NYSE: C) has hired Matthias Rode as its new head of cash equity program trading, cash sales trading and equity derivatives sales for the country of Germany, according to a report from Bloomberg Business Week, which... More of this article »