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Bernstein and Barron’s Agree: Bank of America Poised for Gains
Barron’s business weekly said on Sunday that Bank of America Corp (NYSE: BAC)’s stock has a strong potential upside after declining in value since the recent peak in April, citing the company’s plans to end its reliance on fees... More of this article »
Microsoft Corp (NASDAQ: MSFT) Announces Office 2011 for Mac
Microsoft Corp (NASDAQ: MSFT) announced that the next version of Office for Apple’s (NASDAQ: AAPL) MacOS, Microsoft Office 2011, would be available by the end of October with pricing which is more in line with current Windows versions. The... More of this article »
Major Corporations Making Use of Compiled Facebook Public Data (AAPL, INTC, CSCO)
Last week, a security researcher indexed and compiled public personal profile information of more than 170 million Facebook users and placed the results on Bit-Torrent for the world to download and major corporations, including Cisco... More of this article »
Goldman Sachs (NYSE: GS) Defends Mortgage Derivative Pricing Before Rescue of AIG
Goldman Sachs Group Inc. (NYSE: GS) defended how it set prices for illiquid mortgage derivatives before the rescue of American International Group (NYSE: AIG) before the Financial Crisis Inquiry Commission on Monday. The data provided... More of this article »
Hostile Bid in the Works for Genzyme Corp (NASDAQ: GENZ), Citigroup, Inc (NYSE: C) Says
Citigroup, Inc (NYSE: C) analysts said in a research note that Sanofi-Aventis SA may begin a hostile bid for Genzyme Corp (NASDAQ: GENZ) if the U.S.-based biotechnology company resists a push for a take-over. Citigroup analysts Mark... More of this article »
Geely Completes Purchase of Volvo from Ford Motor Co. (NYSE: F)
Zhejiang Geely Holding Group Co. has completed the purchase of Volvo Cars from Ford Motor Co. (NYSE: F) on Monday in the largest acquisition of an automaker by a Chinese company. Ford received $1.3 billion in cash and a $200 million... More of this article »
Research in Motion May Unveil Blackberry OS 6 on AT&T Today (NYSE: T) (NASDAQ: RIMM)
Research in Motion (NASDAQ: RIMM) sent out an announcement for an even today (August 3rd) over the weekend in which the company announced that it will introduce a new product, which many presume to be a phone running BlackBerry OS... More of this article »
Procter & Gamble Co. (NYSE:PG) Set to Release Q4 Earnings
Procter & Gamble Co. (NYSE:PG), the world’s largest consumer products manufacturer, will report its fourth quarter earnings on Tuesday. Results for the company has improved during the first two quarters of Procter & Gamble’s... More of this article »
Wal-Mart to Sell AT&T Prepaid Phones at Retail Stores (WMT, T)
Wal-Mart Stores Inc. (NYSE: WMT) hopes to expand its Straight Talk prepaid wireless service to include phones which will operate on AT&T’s (NYSE: T) GSM wireless network. The discount retailer’s “Straight Talk” service... More of this article »
Microsoft CEO Comments on Bing Challenges (NASDAQ: MSFT) and Google (NASDAQ: GOOG) Competition
Microsoft (NASDAQ: MSFT) CEO Steve Ballmer commented on the challenges that its Bing search engine product faces in the search engine market and commented about the strong competition that it has from Google (NASDAQ: GOOG) in a meeting... More of this article »
General Electric Still Using Third Party Agents to Interact with Foreign Governments After Bribery Settlement (NYSE: GE)
General Electric Co. (NYSE: GE) said on Wednesday that it is still making “limited” use of third-party agents to interact with foreign governments after settling allegations with U.S. regulators which alleged that some of G.E.’s... More of this article »
FTC Clamps Down on Debt Settlement Companies
The Federal Trade Commission has come down on debt settlement companies in a ruling which will prevent firms from charging customers an up-front fee for their services. The ruling also requires debt settlement companies to tell how... More of this article »
Ford (NYSE: F) to Complete Sale of Volvo to Geely This Week
Zhejiang Geely Holding Group Co.’s request for regulatory approval to purchase Ford Motor Co. (NYSE: F)’s Volvo unit was approved by China’s Ministry of Commerce, a move which will allow the $1.8 billion acquisition to be... More of this article »
Wells Fargo (NYSE: WFC) to Eliminate Penalty Credit Card Interest Rates for Late Payers
Wells Fargo & Co. (NYSE: WFC) announced that it will be eliminating penalty interest rates on credit cards which are imposed when customers are 60 days or more late on their payments, the Associated Press reports. The San Francisco-based... More of this article »
Apple Attempts to Patent Mobile Hotel Booking, Shopping and Travel Apps (NASDAQ: AAPL)
Apple Inc (NASDAQ: AAPL) appears to be gunning for software patents on a few types of mobile application, including shopping and travel related applications. Unwired View first uncovered the three patent applications relating to the... More of this article »
SmartyPig Minority Owner Announces Q2 Earnings Reports
West Bancorporation (NASDAQ: WTBA), parent company of WestBank, a minority owner of the social banking website SmartyPig, posted net income of $2.0 million or $0.12 earnings per share during the second quarter, an improvement from... More of this article »
Citibank (NYSE: C) and Bank of America (NYSE: BAC) Rank in Top 10 For Cyber Attacks
A recent U.S.A Today article reports that Citibank (C) and Bank of America Corp. (BAC) rank third and seventh respectively among the top 10 most frequently attacked banks in the world. There is growing concern over identity theft and... More of this article »
General Electric Co. (NYSE: GE) to Pay $23.4 Million Fine to SEC
General Electric Co. (NYSE: GE) has agreed to pay a $23.4 million fine to settle a complaint from the Securities and Exchange Commission (SEC) which alleged that G.E. bribed Iraqi government officials to win contracts to supply medical... More of this article »
“Focus on Operational Excellence” Leads Exxon Mobil (NYSE: XOM) To a $7.56 Billion Net Income in 2Q.
Exxon Mobil Corp. (XOM) released quarterly earnings Thursday that easily beat analysts’ expectations. The world’s largest public energy company cited higher crude prices and improved refining margins. Net income rose to $7.56... More of this article »
Apple to Expand iPhone 4 to Norway, Denmark, Canada and Other Countries This Week
Apple (NASDAQ: AAPL) will be releasing the iPhone 4 in 17 more global markets this week, including Australia, Austria, Belgium, Canada, Denmark, Finland, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, New Zealand, Singapore,... More of this article »
Ford (NYSE: F) CEO Says China is Top Priority
Ford Motor Co. (NYSE: F) CEO Alan Mulally said on Monday that serving customers in China is one of the company’s top priorities and that the automaker hopes to bring all of Ford’s vehicles to china soon. “We have great operation... More of this article »
JPMorgan Analysts Comment on Ford (NYSE: F) Conference Call
JPMorgan Chase & Co. (NYSE: JPM) analysts commented on Ford Motor Co. (NYSE: F) after the company held a conference call. The firm reiterated its “neutral” rating on the stock and kept its $16.00 price target on the stock. The... More of this article »
Sierra Club Accuses Exxon Mobil (NYSE: XOM) of Violating Clean Air Act
The Sierra Club has accused the largest U.S. oil refinery, owned by Exxon Mobil (NYSE: XOM), of violating the Clean Air Act and other pollution laws thousands of times during the last five years, allegedly releasing more than 10 million... More of this article »