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General Electric Co. (NYSE: GE) Capital Hires New Chief Risk Office
General Electric Co. (NYSE: GE)’s GE Capital unit has hired a new chief risk office (CRO) from Wells Fargo & Co. (NYSE: WFC) according to a statement made by the company on Thursday. Ryan Zanin will succeed Jim Colica in the... More of this article »
Ford Motor Co. (NYSE: F) May Resume Dividends in 2012
Ford Motor Co. (NYSE: F) may resume dividend payouts on common stock as soon as 2012, according to data from Bloomberg. Ford recently caught up on paying dividends on preferred stock that it had missed for the last 14 months and the... More of this article »
Wells Fargo & Co. (NYSE: WFC) Reduces Student Loan Rates
Wells Fargo & Co. (NYSE: WFC) has reduced the variable interest rate that student loan borrowers are being charged through its “Wells Fargo Collegiate” and “Wells Fargo Student Loan for Parents” programs. The San Francisco-based... More of this article »
Pfizer Cancels Late Stage Drug Trial (NYSE: PFE)
Pfizer (NYSE: PFE) has decided to cancel a late-stage clinical trial of a new antipsychotic drug called Geodon which was slated to treat children with bipolar disorder. The New York-based pharmaceutical company says that it still plans... More of this article »
Ford Motor Co. (NYSE: F) To Sponsor New Orleans Music Festival
Ford Motor Co. (NYSE: F) has announced in a press release that it will return as the exclusive sponsor for the 2010 Essence Music Festival being held this July Fourth weekend in New Orleans According to the statement, “Ford will... More of this article »
General Electric Co. (NYSE: GE) Asks for Summary Judgment in Mitsubishi Case
General Electric Co. (NYSE: GE) has asked a federal court to dismiss allegations made last month by Mitsubishi Heavy Industries Ltd. (7011.TO) that alleges the company engaged in improper conduct while obtaining and enforcing wind-turbine... More of this article »
Microsoft Corp (NASDAQ: MSFT) Can’t Decide on Kinect Pricing
Microsoft Corp (NASDAQ: MSFT) allowed the Electronic Entertainment Expo to come and go without announcing any official pricing for its Kinect motion gaming platform. “Official pricing has not been announced,” says Microsoft’s... More of this article »
Missouri State Gov to Pass Economic Incentives for Ford Motor Co. (NYSE: F)
Missouri Governor Jay Nixon says that he’s optimistic that the state’s general assembly will approve incentives designed to help boost the state’s automotive industry, including Ford Motor Co. (NYSE: F). Nixon told... More of this article »
Citigroup, Inc (NYSE: C) Ends Sponsorship of the Rose Bowl
Citigroup, Inc (NYSE: C) has backed out from sponsoring the Rose Bowl, the oldest bowl game in the history of college football. The withdrawal by Citigroup, Inc (NYSE: C) will result in a huge financial setback for the game. Citigroup,... More of this article »
Microsoft Corp (NASDAQ: MSFT) Updates IE 9 Preview with Improved HTML 5 Support
Microsoft Corp (NASDAQ: MSFT) has updated the preview version of Internet Explorer 9 on Thursday adding support for several HTML 5 standards and added that the browser is now faster than ever before. The preview version of the browser,... More of this article »
General Electric Co. (NYSE: GE) To Invest $10 Billion in Eco-Friendly Products
General Electric Co. (NYSE: GE) will invest $10 billion in creating environmentally friendly products by 2015, more than twice what it spend during the previous five year as part of an “ecomagination” program spearheaded... More of this article »
General Electric (NYSE: GE) Spent $7 Million in First-Quarter Lobbying
General Electric Co. (NYSE: GE) spent $7.14 million during the first quarter lobbying the federal government issues ranging from health care reform to defense spending. The company, which operates businesses in another of sectors... More of this article »
Ford Motor Co. (NYSE: F) to Invest In African and Asian Export Hubs
Ford Motor Co. (NYSE: F) is making two multi-million dollar investments in major export hubs in Africa and Asia as part of an ongoing effort to boost its presence in quickly-growing emerging markets, according to a WSJ report this... More of this article »
G.E. Financial Services to Fund $180 Million of Mexican Power Plant (NYSE: GE)
General Electric (NYSE: GE) Financial services, along with Spain-based Abengoa (MCE: ABG.MC) announced on Wednesday that they would invest $180 million to help develop the largest co-generation power plant in the country of Mexico According... More of this article »
Citigroup, Inc (NYSE: C) Says that Global Equities have Peaked
Citigroup, Inc (NYSE: C) Private Bank Global Chief Investment Officer Richard Cook said that global equities are set to fall as countries around the world end their stimulus measures which will result in a slowdown of economic growth. “It’s... More of this article »
Wells Fargo & Co. (NYSE: WFC) Poaches Advisors from JPMorgan Chase & Co. (NYSE: JPM) and RBC Wealth Management
Wells Fargo & Co. (NYSE: WFC)’s “Wells Fargo Advisors” unit has added three new advisors, two from RBC Wealth Management and one from JPMorgan Chase & Co. (NYSE: JPM), which have a combined total of client... More of this article »
Sprint Receives Higher Customer Service Ratings (NYSE: S) from ACSI
Sprint Nextel Corp (NYSE: S) has significantly improved their customer service rating on the American Customer Satisfaction Index this year. During the last several years, Sprint customers were relatively dissatisfied with their service... More of this article »
Ford Motor Co. (NYSE: F) CEO for Europe Predicts Weak Second Quarter Sales
Ford Motor Co. (NYSE: F) President and CEO for its European unit, John Fleming, said on Wednesday that the auto market had weakened during the second quarter after relatively strong demand during the first quarter because of continued... More of this article »
Pfizer (NYSE: PFE) Arthritis Drug Performs Significantly Better than Placebo in Knee Pain
A new biotech arthritis drug being developed by Pfizer (NYSE: PFE) was found to be significantly better at reducing knee pain than a placebo in a late-stage trial, according to data shown on Friday. The drug, known as tanezumab, is... More of this article »
Ford (NYSE: F) to Provide Free Maintenance to New Lincoln Owners
Ford Motor Co. (NYSE: F) said that it will provide free maintenance to customers that purchase or lease a new Lincoln vehicle this summer. The news of the new offer comes on the heels of an announcement that Ford will expand the brand’s... More of this article »
Verizon to Purchase 500 CNG Ford Vehicles (VZ, F)
Ford Motor Co. (NYSE: F) announced on Friday that Verizon Communications (NYSE: VZ) will buy 501 Ford E-250 cargo vans that have engines which burn compressed natural gas. The telecommunications company plans on using 2010 Ford E-250... More of this article »
Bank of America Corp (NYSE: BAC) Fined $195,000 for Violating Missouri Telemarketing Laws
Bank of America Corp (NYSE: BAC) has agreed to pay a fine of $195,000 in order to settle a suit from the Missouri attorney general’s office to settle allegations that the Charlotte-based bank violated telemarketing laws. Missouri... More of this article »
Texas Company Sues Pfizer Over Prescription Drug Marketing (NYSE: PFE)
A health insurance company based in Texas is suing Pfizer (NYSE: PFE) saying that the drug company marketed three of its top-selling drugs and has illegally encouraged doctors to prescribe them for non-approved uses. The insurance... More of this article »