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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 »
Sprint (NYSE: S) Denies Rumors of Smart Phone Data Throttling
Rumors have surfaced that Sprint Nextel (NYSE: S) will begin throttling data for smart phone users later in the summer based on a leak from an internal company handbook, however, further investigation has shown that the alleged throttling... More of this article »
Microsoft Corp (NASDAQ: MSFT) to Release Controller-Free games for the Xbox 360
Microsoft Corp (NASDAQ: MSFT) is expected to announce a new set of video games this week which do not require players to make use of a controller to navigate through a series of menus to begin game play. The Redmond-based technology... More of this article »
Ford to Move Mondeo to New Powertrain Line (NYSE: F)
Ford Motor Co. (NYSE: F) has announced two new engines for its Mondeo line of sedans. The recent announcement adds the company’s Ecoboost turbocharged gasoline engine, an updated version of the Duratorq TDCI diesel engine and... More of this article »
Google Expands Turn By Turn Navigation to 11 New Countries (NASDAQ: GOOG)
Google (NASDAQ: GOOG) has launched its free navigation service as part of its Google maps package, which includes free turn-by-turn directions to 11 new countries, which now allow for French, German, Italian, and Spanish speakers to... More of this article »
General Electric Co. (NYSE: GE) Announces Quarterly Dividend
General Electric Co. (NYSE: GE)’s Board of Directors authorized a regular quarterly dividend of $0.10 per outstanding share of the company’s common stock on June 11th. The dividend is payable July 26, 2010 to shareowners... More of this article »
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 »
Ford’s Closure of Mercury Gets Little Reaction from Investors (NYSE: F)
Ford Motor Co. (NYSE: F)’s anticipated closure of Mercury has not brought much attention from investors. Mercury has not had a unique identity during the last several years and ending the line now appears to be a timely and prudent... More of this article »
Hewlett-Packard Announces Email Printing Platform (NYSE: HP)
Hewlett-Packard announced its new ePrint platform on Monday and a new line of printers which will have the capability of printing documents that are emailed to the device. Users of the printers can simple send a web page or document... 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 »
Privacy Group to Report Google Accidental Wi-Fi Data Collection to Police (NASDAQ: GOOG)
Privacy International said that it plans on approaching the Police regarding Google’s recent admission that it had accidentally collected data from unsecured Wi-Fi networks during the last three years. The error came to light... 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 »
Sprint Can’t Keep HTC Evo in Stock (NYSE: S)
Demand for the new HTC EVO 4G smartphone is continuing to exceed the available supply. The new Android-based smart-phone debuted last Friday, but Sprint’s (NYSE: S) website has been out of stock of the phone since just a couple... 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 »
Trade Commission to Hear Petition from HTC to Block iPhone Imports
The U.S. International Trade Commission will be reviewing HTC’s petition to block the imports of Apple’s iPhone, iPad and iPhone because of alleged patent infringement, the agency said on Friday. The ITC said on its website... More of this article »
Prosper Hopes for Re-Regulation of Peer to Peer Lending Industry
Prosper Marketplace CEO Chris Larsen told Business Week that he hopes Congress will re-regulate the peer-to-peer lending industry so that his company will be regulated by another body than the Securities and Exchange Commission. In... 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 »