Home » Archive for August, 2010
HSBC (NYSE: BC) Names Former Merrill Lynch (NYSE: BAC) Executive as Head of Emerging Markets Research
HSBC Holdings PLC (NYSE: HBC) said on Wednesday that it named former Merrill Lynch (NYSE: BAC) executive Pablo Goldberg as its head of emerging markets research, where he will help build the bank’s emerging markets franchise across... More of this article »
Apple (NASDAQ: AAPL) May Introduce 99 Cent TV Rentals, New AppleTV, New iPod Touch on Sept 7th
Apple (NASDAQ: AAPL) may be introducing 99 cent TV show rentals, a new iPod Touch, and potentially a new Apple TV at a September 7th press event, according to a report from Bloomberg News. Bloomberg reported that Apple’s press event... More of this article »
Google (NASDAQ: GOOG) Revamps Google Finance for Android and iPhone (NASDAQ: AAPL)
Google (NADSAQ: GOOG) has revamped its version of Google Finance for the Apple iPhone (NASDAQ: AAPL) and for the Android mobile platforms. Brian Shish, Google product manager for Google Finance, wrote on the Google Finance Blog, “We... More of this article »
Ford and Portland G.E. to Partner on Electric Vehicles (NYSE: F) (NYSE: GE)
Ford Motor Co. (NYSE: F) and Portland General Electric Co. (NYSE: GE) are entering into a partnership in which the two companies will share information about vehicle charging needs as both companies prepare to produce higher numbers... More of this article »
Citigroup, Inc (NYSE: C) Has No Plans to Raise Capital in China
Citigroup, Inc (NYSE: C) said on Wednesday that the company has no plans to raise capital by seeking a listing on the to-be-launched international board in Shanghai because the company believes it can finance expansion in China without... More of this article »
Bank of America Corp (NYSE: BAC) Hits 52 Week Low
Bank of America Corp (NYSE: BAC)’s common stock traded at a new 52 week low during trading on Tuesday, hitting as low as $12.59 during mid-day trading. According to data from the New York Stock Exchange, 150.7 million shares were... More of this article »
Former Citi Executive to Become Chairman of Marks and Spencer (NYSE: C)
Former Citigroup, Inc (NYSE: C) executive Robert Swannell will become the next chairman of British-retailer Marks and Spencer, announced the company on Monday. The company said on Monday that Swannell will succeed Sir Stuart Rose as... More of this article »
General Electric Co. (NYSE: GE) Spent $8.3 Million on Q2 Lobbying
General Electric Co. (NYSE: GE) spent a total of $8.3 million lobbying the federal government during the second quarter, working on a wide range of issues including clean energy legislation and financial reform legislation. The conglomerate... More of this article »
Wells Fargo & Co. (NYSE: WFC) Opposes Fair-Value Measures
Wells Fargo & Co. (NYSE: WFC) said that it disagrees with a regulatory proposal which would require banks to report the fair value loans of their books under a new mark-to-market style rule. “We strongly oppose the expansion... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) Cuts Growth Forecast for China
JPMorgan Chase & Co. (NYSE: JPM) analysts cut their forecasts for China’s growth in 2010 and 2011 citing a near-term loss of momentum in the global economic recovery. The analysts at JPMorgan Chase & Co. (NYSE: JPM) now predict... More of this article »
Bank of America Corp (NYSE: BAC) CEO Purchases $391,000 Stake in Company
Bank of America Corp (NYSE: BAC) CEO Bryan Moynihan has purchased $390,000 worth of BofA stock in the form of 30,000 shares of common stock on August, 23rd, 2010. According to a regulatory filing with the U.S. Securities and Exchange... More of this article »
Macy’s (NYSE: M) to Offer Citibank (NYSE: C) American Express (NYSE: AXP) Credit Card
Macy’s (NYSE: M) has entered into an agreement with American Express Co. (NYSE: AXP) on a new credit card, which will be issued by Citibank (NYSE :C), the retailer announced Thursday. The new Macy’s American Express card will replace... More of this article »
Bank of America (NYSE: BAC) and Visa (NYSE: V) to Compete with Phone Carriers on Mobile Payments
Bank of America Corp (NYSE: BAC) and Visa (NYSE: V) have announced that they’ve teamed up to test a mobile payment system, just weeks after rumors began circulating that a number of cell phone carriers would test a competing system... More of this article »
Morgan Stanley (NYSE: MS) Hires Three Brokers from UBS (NYSE: UBS)
Morgan Stanley (NYSE: MS) Smith Barney has hired three veteran New Jersey Brokers from UBS (NYSE: UBS), adding a team which generated $3.3 million in annual revenue by helping clients manage $350 million worth of assets. The Martin... More of this article »
Ford Motor Co. (NYSE: F) Chairman Predicts Company Will Lose Investors to General Motors IPO
Ford Motor Co. (NYSE: F) Chairman Bill Ford Jr. recently said that he believes his company may lose some of its investors to General Motors’ initial public offering, because investors may find a better deal with GM shares than keeping... More of this article »
Former Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) Bankers Raise $150 Million Round
Former Citigroup, Inc (NYSE: C) and Goldman Sachs Group Inc. (NYSE: GS) bankers, operating under the company Kendall Court Partners Ltd, have raised $150 million to create a mezzanine fund to meet rising demand for hybrid debt and... More of this article »
Get One Free Audiobook from Audible.com’s “Audible.com/Summer” Deal.
If you want to get started on your summer reading, you can get a free audiobook from Audible.com with Audible.com’s “Audible.com/Summer” deal in which listeners can get one free audiobook and 14 days’ worth of free service... More of this article »
Goldman Sachs (NYSE: GS) Sues Natixis (FR: KN) Over Derivatives Deal
Goldman Sachs Group Inc. (NYSE: GS) has filed suit against French bank Natixis (FR: KN) in the United Kingdom over a credit derivatives deal between the two companies. According to a report from the Financial Times on Thursday, citing... More of this article »
Morgan Stanley (NYSE: MS) Hires North American Institutional Sales Executive
Morgan Stanley (NYSE: MS) has hired Jack O’Connoer as its new head of North American institutional sales for its investment-management unit. Previously, O’Connor managed U.S. institutional sales at Pioneer Investments, according... More of this article »
Wells Fargo & Co. (NYSE: WFC) Announces Dividends on Preferred Stock
San Francisco-based Wells Fargo & Co. (NYSE: WFC) announced quarterly cash dividends on three sets of preferred stock. The company announced in a statement that a quarterly cash dividend of $20.00 per share was declared on its... More of this article »
Citigroup, Inc (NYSE: C) and EMI Group Agree to Hold Settlement Talks
Citigroup, Inc (NYSE: C) and EMI Group PLC have agreed to have settlement talks during the month of September to attempt to settle a suit relating to the buyout of EMI by Terra Firma in 2007, according to a report from the Wall Street... More of this article »
Bank of America (NYSE: BAC) Preferred Stock Given Investment Grade Rating by Fitch
Bank of America Corp (NYSE: BAC)’s preferred stock has been given an investment grade rating by Fitch, citing the Charlotte-based bank’s ability to boost common equity and liquidity as well as improving asset quality in the company’s... More of this article »
Lending Club IRA: All About Lending Club’s Retirement Accounts
Last year, peer-to-peer lending company Lending Club began offering individuals the option to setup an IRA to serve as a tax-advantage way to invest through Lending Club. Here’s everything that you need to know about the Lending... More of this article »