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FDRA Warns Pfizer (NYSE: PFE) For Failing to Report Drug Side Effects
The U.S. Food and Drug Administration sent a 12-page warning letter to Pfizer (NYSE: PFE) for failing to report certain serious potential side effects from its drugs, including Viagra, Lipitor and Lyrica, which are already on the market. The... More of this article »
Citigroup, Inc (NYSE: C) Upgrades Forecast for Taiwanese Growth
Citigroup, Inc (NYSE: C) upgraded its 2010 forecast of economic growth for Taiwan from 5% to 7% based on the company’s strong export performance for the year. Cheng Cheng Mount, chief economist of Citibank Taiwan, said that the... More of this article »
Australian Government Opens Investigation into Google Privacy Snafu (NASDAQ: GOOG)
The Australian government has opened an investigation on Sunday into whether or not Google had illegally collected private information from wireless networks, becoming the second country to formally investigate the search giant’s... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) Purchases $125 Million in Claims from Lehman Brothers
JPMorgan Chase & Co. (NYSE: JPM) purchased $125 million worth of claims on the now bankrupt Lehman Brothers Holdings Inc. from Reserve International Liquidity Fund Ltd. in New York for an unstated price. The claims amount to commercial... More of this article »
Federal Judge Dissolves Foreclosure Injunction Against Bank of America Corp (NYSE: BAC)
U.S. Federal District Court Judge Craig Waddoups has dissolved a preliminary injunction Bank of America Corp (NYSE: BAC) and its subsidiary ReconTrust, allowing the bank to continue foreclosure proceedings on hundreds of homeowners... More of this article »
Wells Fargo Financial (NYSE: WFC) Shutters Canadian Operations
Wells Fargo Financial (NYSE: WFC) will be shutting down its Canadian operations , the San Francisco-based bank confirmed on Friday. “We have shifted our focus to serving existing real estate, auto, and consumer loan accounts. There... More of this article »
Microsoft (NASDAQ: MSFT) and Yahoo (NASDAQ: YHOO) Gain Search Market Share
Both Yahoo (NASDAQ: YHOO) and Microsoft (NASDAQ: MSFT)’s search engines have gained market share during the month of May, according to a report from comScore, marking the third consecutive month that Google has seen a decline... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) and Morgan Stanley (NYSE: MS) to Lead General Motors IPO
Morgan Stanley (NYSE: MS) and JPMorgan Chase & Co. (NYSE: JPM) will take the lead in General Motors’ initial public offering, according to media reports on Saturday. The IPO, which was originally set for July 10th, has been... More of this article »
Pfizer (NYSE: PFE) Heart Drug May Prevent Strokes, Blood Clots
Pfizer (NSE: PFE) has been in a drug development slump during the last several years, but a new study involving thousands of patients taking Pfizer’s experimental heart drug apixaban, developed in conjunction with New Jersey-based... More of this article »
Ford’s Closure of Mercury to Minimal Implications on Stock Price
Ford Motor Co. (NYSE: F) announced that it would soon be winding down its Mercury brand, but the brand contributes relatively little to the company’s earnings and its stock price. Analysts at Trefis estimated that the Mercury... More of this article »
General Electric Capital (NYSE: GE) Predicts No Double Dip Recession
General Electric Co. (NYSE: GE)’s financial arm, G.E. Capital, said that it does not see a second recession coming in the United States and that the economic turmoil in Europe will likely not hamper domestic economic growth for... More of this article »
Sprint (NYSE: S) Faces Shortage on HTC Evo 4G
Sprint Nextel (NYSE: S) has stopped taking orders for the HTC Evo 4G as strong demand has made the device difficult to obtain. The company’s website on said on Thursday that shoppers should “check back later — more are on their... More of this article »
BP Gives $75 Million in Grants to Alabama, Florida & Mississippi (NYSE: BP)
BP PLC (NYSE: BP) said that it will give $75 million worth of grants to Alabama, Florida and Mississippi as the states respond to the worst oil spill in America’s history. BP COO Doug Suttles said in a statement on Thursday his... More of this article »
Ford Motor Co. (NYSE: F) Aims to Shutter Mercury Brand by 2011
Ford Motor Co. (NYSE: F) hopes to complete negotiations with its dealers by the end of the year to shut-down its Mercury brand and shift its focus on its Ford and Lincoln brands, CEO Alan Mulally said on Tuesday. Mulally did not discuss... More of this article »
Apple (NASDAQ: AAPL) Limits Google (NASDAQ: GOOG) AdMob’s Capabilities on iPhone and iPad
Apple (NASDAQ: AAPL) has made it more difficult for third party advertising networks such a Google’s (NASDAQ: GOOG) AdMob to operate on its IPad and iPhone devices. Apple has quietly changed the terms of service for the iPhone... More of this article »
Apple (NASDAQ: AAPL) Focuses on Mobile Devices, Placing Less Emphasis on Mac
Apple (NASDAQ: AAPL) Steve Jobs placed its iPhone OS, now called iOS, and related mobile devices including the iPhone, iPad and iPod Touch at the center of the focus of his keynote on Monday, while ignoring the company’s Macintosh... More of this article »
California Yellow Cab Selects Ford (NYSE: F) CNG Transit Connect Vehicles
California Yellow Cab, an Orange County-based Taxi Service, has ordered a number of Ford Motor Co. (NYSE: F)’s Transit Connect vehicles powered by compressed natural gas (CNG). Ford is phasing out its Crown Victoria model, which... More of this article »
Ford (NYSE: F) Sees 23% Year-Over-Year Increase in May Sales
Ford Motor Co. (NYSE: F) saw a 23% increase in sales in its Ford, Lincoln and Mercury brands for the month of may. The Detroit-based automaker is currently in the process of closing the sale of its Volvo brand to Chinese automaker... More of this article »
S&P Lowers Credit Rating on British Petroleum (NYSE: BP)
Standard & Poor’s Ratings Services dropped its long-term corporate credit rating on British Petroleum (NYSE: BP) from ‘AA’ to ‘AA-‘. The short-term corporate credit rating remains ‘A-1+’. “The... More of this article »
Pfizer Recalls Potentially-Deadly Intravenous Drugs (NYSE: PFE)
Pfizer (NYSE: PFE) announced on Thursday that it would be recalling intravenous drugs that has floating matter in them, warning that the drugs could potentially kill patients that have been weakened. The recall comes just days after... More of this article »
Hitachi Reviewing Nuclear Power Partnership with General Electric Co. (NYSE: GE)
Hitachi (6501.T) said on Tuesday that it would be reviewing the structure of its current nuclear power partnership with General Electric Co. (NYSE: GE) as it hopes to win more deals on a global basis. A spokesman for Hitachi did not... More of this article »
G.E. Predicts Rising Profit for Appliance and Lighting Unit (NYSE: GE)
General Electric Co. (NYSE: GE)’s Appliance & Lighting president, Jim Campbell, said that he believes that his business unit will see rising revenue and profit during the second half of the year, citing federal stimulus... More of this article »
Bank of America Corp (NYSE: BAC) Pledges to Increase Small Business Spending
Bank of America Corp (NYSE: BAC) announced that it will increase the amount of money that it spends on purchasing from small and mid-sized businesses and has pledged to to purchase $10 billion in products and services from them over... More of this article »