Home » Archive for August, 2010
Peer to Peer Lending Scam: Are P2P Lending Sites a Scam?
If you have ever considered taking a loan out from a peer to peer lending site, you might be concerned whether or not peer to peer lending companies are a scam. There have been a number of financial innovations which have turned out... More of this article »
Hedge Fund Sells Bank of America Corp (NYSE: BAC) Shares for Citigroup, Inc (NYSE: C)
Lee Ainslie, a hedge fund manager, has sold all of his shares in Bank of America Corp (NYSE: BAC) and used the funds to begin investing in Citigroup, Inc (NYSE: C) during the second quarter, according to media reports. Ainslie’s... More of this article »
Apple (NADSAQ: AAPL) May Overhaul iTunes, Increase Sample Length to 60 seconds
Apple (NASDAQ: AAPL), the largest digital music retailer, is expected to boost the amount of time users can listen to a sample song as part of a larger overhaul of its iTunes store. CEO Steve Jobs is expected to take the stage on Wednesday... More of this article »
Ford Motor Co. (NYSE: F) Begins Sales of Vehicles with MyFord Touch
Ford Motor Co. (NYSE: F) has begun offering the sale of two vehicles which feature the “MyFord Touch” on-screen turn-by-turn navigation and computer systems, including the 2011 Ford Edge and 2011 Lincoln MKX. The MyFord Touch technology... More of this article »
Citigroup, Inc (NYSE: C) to Add 13 new Asia Desks by 2012
Citigroup, Inc (NYSE: C) is planning to increase the number of Asian desks that it has outside the region from 13 to 26 by 2012, with many of the new desks being located in Africa and Latin America, as the New York-based bank hopes... More of this article »
Download a Free Audiobook with Audible.com’s “Audiblepodcast.com/Lost” Coupon.
If you’re a Lost fan and have any interest in audiobooks, checkout Audible.com, a service that provides listeners with an audiobook of their choice each month to listen to. Audible is now offering a 30-day free trial in which listeners... More of this article »
Morgan Stanley (NYSE: MS) Hires Away Bank of America Corp (NYSE: BAC) Executive
Morgan Stanley (NYSE: MS) has hired away Bank of America Corp (NYSE: BAC) executive Mitchell Nadel to head the company’s fixed-income trading operations in Japan, according to a report from Bloomberg News citing an obtained internal... More of this article »
Axa Cuts Stake in Goldman Sachs Group Inc. (NYSE: GS) by 50%
Axa, a French insurance company, has reduced its holdings in Goldman Sachs Group Inc. (NYSE: GS) by nearly 50%, according to documents from the U.S. Securities and Exchange Commission. Axa, which had previously been Goldman Sachs Group... More of this article »
Google (NASDAQ: GOOG) May Compete with iTunes via YouTube Movie Rentals
Search-giant Google (NASDAQ: GOOG) is reportedly in talks with industry-executives to bring movie rentals to YouTube, according to a report to the Financial Times, placing the company on a collision-course with Apple’s (NASDAQ: AAPL)... More of this article »
Ford Motor Co. (NYSE: F) Recalls 570,000 Windstar Vans in U.S. and Canada
Ford Motor Co. (NYSE: F) is recalling about 575,000 Windstar vans in twenty-one northern U.S. states and Canada from models made between 1998 to 2003 because of the possibility that the van’s rear-axle may fracture from corrosion,... More of this article »
Bank of America Corp (NYSE: BAC) Launches Three-Year Australian Benchmark Transaction
Bank of America Corp (NYSE: BAC) has launched a new three-year Australian-dollar benchmark transaction, a joint lead managers including Merrill Lynch Australia, ANZ, NAB and Westpac. The transaction is expected to be off as part of... More of this article »
BNP Paribas (EPA: BNP) Hires Away Citigroup, Inc (NYSE: C) Executive
BNP Paribas SA (EPA: BNP) hired away Citigroup, Inc (NYSE: C)’s Gerry Fowler as the company’s new head of equity derivatives strategy, according to a report from Bloomberg News citing two people familiar with the situation. Mr.... More of this article »
Financial Times Subscription: Get 4 Weeks Free
The Financial Times is offering a great deal for customers that sign-up for a new Financial Times Subscription. The newspaper of financial record is offering customers a four-week risk free trial. After the first four weeks of the... More of this article »
Get a Free Audiobook with Audible.com’s “Audiblepodcast.com/Savage” Coupon.
If you have any interest in audiobooks or podcasts, consider taking advantage of Audible.com’s 30 day free trial in which listeners can get one free audio book by taking advantage of the “savage” coupon code by visiting “audiblepodcast.com/savage.”... More of this article »
Bank of America Corp (NYSE: BAC) Seeking 1 Million Sq Feet of New York Office Space
Bank of America Corp (NYSE: BAC) is seeking to add about 1 million square feet of office space I nNew York City and may consider 1 World Trade Center, according to a report from Bloomberg. The bank put out requests to landlords in... More of this article »
Wells Fargo & Co. (NYSE: WFC) Doubles Locations for Remittance Pickups in Mexico
Wells Fargo & Co. (NYSE: WFC) announced on Thursday that it has doubled the number of locations in Mexico where remittance recipients can pick-up money that that their relatives send home from the United States. In an agreement... More of this article »
Will a Higher Capacity iPod Touch Mean the End of the iPod Classic?
Apple (NASDAQ: AAPL) is widely expected to announce a new version of its iPod Touch, with a retina display, at least one camera to make FaceTime video calls, and more storage at a press event next Wednesday. A new higher-capacity iPod... More of this article »
Citigroup, Inc (NYSE: C) Ordered to Pay $1 Million to Municipal Bond Investors
Citigroup, Inc (NYSE: C) was ordered in an arbitration ruling to pay more than $1 million to three of its municipal bond funds. The clients, who had demanded more than $2 million, accused Citigroup, Inc (NYSE: C)’s global markets... More of this article »
Apple (NASAQ: AAPL) to Hold Press Event to Announce iPod Touch on Sept. 1.
Apple (NASDAQ: AAPL) will hold a press conference next Wednesday, in which the company is expected to show off a new iPod Touch model and perhaps a cloud-based iTunes announcement or a new Apple TV. The event is set for September 1st... More of this article »
Bank of America Corp (NYSE: BAC) Advisors to move to Merrill Lynch Platform
Bank of America Corp (NYSE: BAC)’s network of legacy financial advisors will be making a switch to Merrill Lynch’s better developed platform for brokerages. One-half of the advisors were moved over the weekend and the other half... More of this article »
Wells Fargo & Co. (NYSE: WFC) Seeks Expansion in Investment Banking
Wells Fargo & Co. (NYSE: WFC) is working on expanding its investment banking unit, according to a report from Reuters, citing that the company is “developing a taste for sales and trading as demand for U.S. consumer and business... More of this article »
Citigroup, Inc (NYSE: C) Rewards Executive Leaves for Start-Up Business
Citigroup, Inc (NYSE: C)’s ThankYou credit-card rewards network head, Nancy Gordon, has left the New York-based bank after 12 years to join a start-up business that has a patent to aggregate customer loyalty programs, according to... More of this article »
Ford Motor Co. (NYSE: F) to Bring Eight New Models to India Market
Ford Motor Co. (NYSE: F) plans to introduce eight new vehicles in India during the next five years in order to take advantage of increasing demand for its cars in the country. Company executives announced on Thursday that the Dearborn-based... More of this article »