Home » Archive for September, 2010
Blockbuster Bankruptcy Looms (PINK: BLOKA)
Many cities may soon lose their last remaining local video stores as Blockbuster, a company that helped turn home movie renting into pastime, is preparing to file for Chapter 11 bankruptcy protection, according to reports from Bloomberg... More of this article »
SEC Investigation into Goldman Sachs (NYSE: GS) Questioned
In a well publicized case earlier this year, the Securities and Exchange Commission reached a settlement with Goldman Sachs (NYSE: GS) on alleged wrongdoing in a sale of mortgage securities called Abacus 2007 AC-1. Today, the SEC’s... More of this article »
Citigroup, Inc (NYSE: C) Sued over Sale of Student Loan Business
Citigroup, Inc (NYSE: C)’s announcement that it would sell its student loan business to SLM Corp and Discover Financial Services (NYSE: DFS) has led to a lawsuit from an investor that thinks shareholders have not gotten fair market... More of this article »
Wal-Mart (NYSE: WMT) Hopes to Expand to San Francisco
Wal-Mart Stores Inc. (NYSE: WMT) is hoping to open two dozen stores in the San Francisco Bay area as part of its new “urban strategy”, according to a report from the San Francisco Chronicle. Although the cities that Wal-Mart hopes... More of this article »
BAC, C, GS and JPM CEOs Spent $360,000 in Q2 Lobbying.
The Financial Services Forum, a group representing the CEOs of Citigroup, Inc (NYSE: C), Bank of America Corp (NYSE: BAC), Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM), spent $360,000 in lobbying the... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) Issues $0.05 Per Share Dividend
JPMorgan Chase & Co. (NYSE: JPM)’s board of directors issued a quarterly dividend of $0.05 per share on the company’s common stock. The dividend will be payable on October 31st, 2010 to shareholders of record at the close of... More of this article »
Bank of America (NYSE: BAC) Sees Increase in HAMP modifications
Bank of America Corp (NYSE: BAC) announced on Tuesday that it had completed 79,859 mortgage modifications through the government’s Home Affordable Modification Program, an increase from the 76,300 that it had announced last month,... More of this article »
Citigroup, Inc (NYSE: C) to Sell Stake in Monex Group
Citigroup, Inc (NYSE: C) will sell the majority of its stake in Japanese brokerage Money Group Inc as part of its ongoing strategy to divest itself of non-core assets. The New York-based bank is expected to sell 503,250 shares in Monex... More of this article »
Ford (NYSE: F) Hires Former Hyundai Design Head
Ford Motor Co. (NYSE: F) has hired former Hyundai-design chief Joel Piaskowski to become the company’s new director of exterior design for the Americas. Piaskowski, age 41, is a graduate of the College for Creative Studies in Detroit.... More of this article »
Report Suggest Ad Costs will Rise Because of Yahoo-Microsoft Partnership (NASDAQ: YHOO) (NASDAQ: MSFT).
A study published on Monday suggested that the prices paid by advertisers to place ads in search engines may rise after Yahoo (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT) combine their internet search services. The report, compiled... More of this article »
Google (NASDAQ: GOOG) to Add Document Editing to Apple (NASDAQ: AAPL) iPad and Android Phones
Google, Inc (NASDAQ: GOOG) announced on Monday that it would be releasing versions of its Google Docs for Apple’s (NASDAQ: AAPL) iPad and Android smartphones which allow users to edit documents on said platforms. The announcement... More of this article »
Bank of America Corp (NYSE: BAC) Gives $10 Million to Boston Museum of Fine Areas
Bank of America Corp (NYSE: BAC) announced on Monday that it would be giving $10 million to the Boston Museum of Fine Arts, evenly split between cash and art, including a painting by Ellsworth Kelly. After a $5 million gift from Bank... More of this article »
Leadership Changes on Deck Across Major Banks
Trends are common in the management of banking institutions – for a while, all the major banks were headed by retail banking veterans. As firms began to realize how small the margin was in those businesses, the shift was made... More of this article »
Bank of America Corp (NYSE: BAC) Issues Dividend on Preferred Stock
Bank of America Corp (NYSE: BAC) announced on Friday that its Board of Directors had authorized a quarterly dividend of $18.125 per share on its 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The bank said that... More of this article »
Citigroup, Inc (NYSE: C) Prepares to Unveil New European Investment Banking Strategy
Citigroup, Inc (NYSE: C) is planning on revealing a new strategy for its investment banking business in Europe after facing three years of losing many of its top investment banking executives to other companies, according to a report... More of this article »
Lending Club Bonus: Get 1.5% Back Through Recurring Transfer Cash Program
Lending Club is currently offering a 1.5% bonus to funds that are invested through the recurring transfer cash bonus club program. If you are a Lending Club investor, you can get up to a 1.5% cash bonus on your investments when you... More of this article »
Citigroup, Inc (NYSE: C) Pitching $600 Million Collateralized Loan Obligation
Citigroup, Inc (NYSE: C) is marketing a piece of a $600 million collateralized loan obligation (CLO) managed by Guggenheim Investment Management LLC, according to a report from Bloomberg News. The report said that the New York-based... More of this article »
Bank of America Corp (NYSE: BAC) Credit Card Write-Offs Increase
Bank of America Corp (NYSE: BAC) said on Wednesday that its charge-off rate for credit cards increased during the month of August, ending four months of declining charge-off rates. Charlotte-based Bank of America Corp (NYSE: BAC) said... More of this article »
Bank of America Corp (NYSE: BAC) Ahead of Schedule on Climate Change Funding Plan
Bank of America Corp (NYSE: BAC) announced in a statement on Friday that it’s ahead of its schedule to fund $20 billion in business initiatives focused on addressing climate change, a 10 year goal. The Charlotte-based bank said that... More of this article »
Citigroup (NYSE: C) Sells Student Loan Business to Discover Financial Services (NYSE: DFS)
Citigroup, Inc (NYSE: C) has agreed to sell its student loan business to Discover Financial Services (NYSE: DFS) for $600 million. Stamford, CT-based Student Loan Corp. said in a statement on Friday that it would be purchased by Discover... More of this article »
Audible.com Specials: Get One Free Audiobook.
If you’re looking for Audible.com Specials, you’ve come to the right place. Audible.com currently has a special offer in which new customers can get one free audio book for trying out Audible.com’s service. With your free trial... More of this article »
Audible.com Kindle Discount: Get a Free Audio Book
Most people know that you can listen to audiobooks on your iPod, but you can also listen to audiobooks on your Kindle. Because of a partnership between Research in Motion and Audible.com, you can get a free audiobook using the Audible.com... More of this article »
Citigroup, Inc (NYSE: C) to Release Q3 Earnings on October 18th.
Citigroup, Inc (NYSE: C) plans to release its third-quarter earnings results in a press release before the market opens on Monday, October 18th. The New York-based bank plans to releases its Q3 results at 8:00 AM ET on Monday October... More of this article »