Home » Industry News
Microsoft Corp (NASDAQ: MSFT) Store Lists New Pricing for Kinect
Microsoft Corp (NASDAQ: MSFT) is listing its “Kinect” gaming system on the Microsoft Store for $149.99 available as a pre-order only, in line with previous rumors of the pricing of the device. This does not mean that official pricing... More of this article »
General Electric Co. (NYSE: GE) Takes Stake in 11 Idaho Wind Farms
General Electric Co. (NYSE: GE) is taking a majority stake in eleven wind farms in Idaho, a project worth almost $500 million according Exergy Development Group, who is selling the assets to General Electric Co. (NYSE: GE). Montana... More of this article »
General Electric Co. (NYSE: GE) Hires Energy Services Vice President
General Electric Co. (NYSE: GE) has announced the appointment of Eric Gebhardt as a senior general manager and vice president in G.E.’s Energy Services, a business within G.E.’s energy unit. Gebhard has previously held a number... More of this article »
Ford Motor Co. (NYSE: F) Setting Lincoln Brand Up For Turnaround
Ford Motor Co. (NYSE: F) recently won the “Best Turnaround of the Year” award, but the Detroit based automotive company’s luxury brand is still struggling. Traditionally, Lincoln has been one of the top profit earners since the... More of this article »
Google (NASDSAQ: GOOG) Purchases Travel Search Company
Google (NASDAQ: GOOG) has announced a $700 million acquisition of ITA software, which provides data for travel search engines. The deal announced on Thursday is one of the largest acquisitions that Google has attempted to make and... More of this article »
JPMorgan Chase & Co. (NYSE: JPM) Spent $1.5 Million in Q1 Lobbying
JPMorgan Chase & Co. (NYSE: JPM) spent more than $1.5 million lobbying the federal government during the first quarter on financial regulatory overhaul and mortgage lending. The company’s first-quarter lobbying spending was a... More of this article »
Apple (NASDAQ: AAPL) May Give Apple TV an iOS Overhaul
Apple (NASDAQ: AAPL) may overhaul its Apple TV product with a new model based on the iOS operating system which powers the iPhone and iPad, according to the New York Times. The anonymous sources that the NYT reported said that Apple... More of this article »
Ford Motor Co. (NYSE: F) Sees Boost in Mustang, Taurus and F-Series Sales
Ford Motor Co. (NYSE: F) saw a boost in the number of F-series trucks, as well as Taurus and Mustang cars during the month of June. Overall, Ford Motor Co. (NYSE: F) saw a 15% increase during the month of June but dropped 13% from... More of this article »
General Motors to File IPO in August
General Motors will file its initial public offering in mid-August and will likely sell about $3 billion of mandatory notes which will convert into stock shares in the future. The Detroit motor company will take the proceeds from the... More of this article »
Microsoft Corp (NASDAQ: MSFT) Kin Smart Phone Receives Tribute Site
Microsoft Corp (NASDAQ: MSFT)’s Kin smart phone only was on the market for a few weeks before the Redmond-based company killed the product. Many are light-heartedly morning the loss of the Kin and a new tribute site, KinRIP.com,... More of this article »
Apple (NASDAQ: AAPL) Eliminates iPhone 4 Restocking Fee
Apple (NASDAQ: AAPL) has announced that it will be waiving the restocking fee for the iPhone 4 in response to the reception issues that many have seen with the device. Buyers that want to return the product can do so within 30 days... More of this article »
Analysts Positive on Ford Motor Co. (NYSE: F) Debt Repayment
Ford Motor Co. (NYSE: F) announced that it’s paying down an additional $4 billion in debt to strengthen its balance sheet and analysts have taken the move as a positive development for the company. Morningstar analyst avid Whiston... More of this article »
Exxon Mobil (NYSE: XOM) and Shell May Consider Bidding for BP Takeover (NYSE: BP)
Exxon Mobil Corp (NYSE: XOM) and Royal Dutch Shell Plc (NYSE:RDS.A) may consider take-over bids for BP Plc (LON: BP) after the British oil company lost more than half of its market value as a result of the Gulf of Mexico oil spill,... More of this article »
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 »
Audible’s Droid Application: Coming Soon
Audible.com, a subscription service which offers Audiobooks, is currently testing a version of their software for Android-based (droid) phones. The Audible Droid application has a target date of sometime this summer and may even launch... 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 »
Comparing Apples and Oranges: Peer to Peer Lending and Savings Accounts.
Banks such as ING Direct and FNBO direct which were previously considered to be “high yield” savings accounts are now offering FDIC insured savings accounts at interest rates of barely 1%. Savvy consumers that shop around might... More of this article »
Lending Club Partners with Mint.com to Help Users Create and Meet Financial Goals
Mint.com has partnered with Lending Club, a popular peer to peer lending website, in its newly launched “Goals” feature which helps users of Mint to get out of debt and set other life goals. Mint hopes that its partnership with... More of this article »
Wal-Mart (NYSE: WMT) Taps Castro-Wright As CEO Of Global.com, Simon Steps In As US CEO
Wal-Mart announced Tuesday changes at the Chief Executive level for two of its units. The retail giant appointed Vice Chairman Eduardo Castro-Wright as the president and CEO of Global.com and Global Sourcing, while also promoting... More of this article »
Altria Group (NYSE: MO), Reynolds American (NYSE: RAI) Shares Jump On Supreme Court Appeal Rejection
Shares of Altria Group (NYSE: MO), parent of Phillip Morris USA, and Reynolds American (NYSE: RAI) both jumped more than 3 percent on Monday after the Supreme Court rejected appeals by the government on a suit that sought out upward... More of this article »