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New Movies Coming To Netflix (NFLX)
A new multi-year agreement with Miramax will increase the number of movies in the Watch Instantly category by several hundred titles. According to the press release, this is the first time a digital subscription service will have... More of this article »
YouTube (NASDAQ: GOOG) Competes with Netflix (NASDAQ: NFLX)
Google’s (NASDAQ: GOOG) YouTube is attempting to take on Netflix (NASDAQ: NFLX) by streaming full-length movies through collaborations with Hollywood movie studios like Sony Corp., Warner Brothers, Universal Pictures and Lionsgate.... More of this article »
Alternatives To Traditional Banking Offered By Eager Online Entrepreneurs
A growing number of online startups are beginning to use technology to offer services previously limited to banking institutions. Now these startups are offering the same or similar services at lower prices because of lower overhead... More of this article »
Facebook Revealed as Instigator of Google (NASDAQ: GOOG) PR Attack
A publicity stunt had been revealed that outs Facebook as the chief instigator in a campaign to smear Google (NASDAQ: GOOG). USA Today reported that Sheryl Sandberg, a veteran executive hired from Google and now COO of Facebook gave... More of this article »
Apple Involved in Yet Another Location-Information Legal Battle
The United States District Court for the District of Puerto Rico is the latest to file a lawsuit against the technology company, Apple (NASDAQ: APPL). The lawsuit alleges that Apple transmitted phone users locations to third-party... More of this article »
Prosper to End Automated Investing Plans in June
Prosper.com revealed that they plan on eliminating their automated plan system by the end of June in a recent filing with the SEC. The disclosure in their 10K form states that they plan on replacing the automated bid system with a... More of this article »
MicroVentures Merges Venture Capital and Peer to Peer Lending
MicroVentures Marketplace has launched a new service that aims to bring concepts from peer to peer lending into the world of venture capital. The company allows businesses in a number of sectors to raise funding from individual investors... More of this article »
Biggest UK P2P Lenders Compared
P2P lending has become a popular way for individuals to borrow and invest money without lining the pockets of the largest financial institutions with outrageous fees and charges. The largest P2P lenders in the UK offer interest rates... More of this article »
Lawsuit Filed Against Apple(NASDAQ: AAPL) Google, Adobe, Intel, Pixar, Lucasfilm and Intuit
A former employee of Lucasfilm claims executives from top performing technology companies like Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), Adobe, Intel, Pixar, Lucasfilm and Intuit agreed not to hire employees from one another’s... More of this article »
Amazon (NASDAQ: AMZN) Sues College Bookstores in Response to Complaint that Amazon Textbook Ads are Misleading
When the National Association of College Stores Inc., a group of over 3,000 college bookstores, complained that Amazon (NASDAQ: AMZN) was misleading customers with their textbook ads – Amazon responded by filing a federal court lawsuit. In... More of this article »
JPMorgan Chase (NYSE: JPM) Executive Leads Charge For Raising Debt Ceiling
Matthew Zames, chairman of a Treasury Department advisory panel and a managing director at JPMorgan Chase & Co. (JPM), said failure to raise the nation’s $14.3 trillion debt limit could be “catastrophic.” By now, you’ve... More of this article »
Lending Club Surpasses More than $255 Million in Loan Originations
Lending Club, a peer-to-peer lending company, has now originated more than $255 million in loans to consumers. The news comes just three months after the company announced that it had surpassed $200 million in loan originations. As... More of this article »
Prosper.com Celebrates Five Years of Peer to Peer Lending
Prosper.com, a California-based peer-to-peer lending company, recently celebrated the fifth anniversary of its founding. The company pioneered the peer to peer lending business in which borrowers take out loans from borrowers through... More of this article »
JP Morgan (NYSE: JPM) Deal Sets Return Of $800 Million To Lehman Estate
JP Morgan (NYSE: JPM) has reportedly reached an agreement with the Lehman Brothers Trustees that will return $800 million to former customers of the now defunct investment bank. The deal will not impact financial results, according... More of this article »
Look Out Below! Citigroup (C) Leads the Big Banks in Reporting Lower Loan Balances
Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), and JPMorgan Chase (JPM) all reported lower outstanding loan balances in the first quarter. CNNMoney is reporting that all told, average loans outstanding at the four banks dropped... More of this article »
Should Students Have a Credit Card?
For the majority of students, leaving home to go to university is the first time in their lives that they will be completely responsible for their finances. With the rising cost of higher education in the UK the average graduate leaves... More of this article »
Lending Club Nominated for Webby Award
Lending Club, a California-based peer to peer lending company, has been nominated for a 2011 Webby Award. The company has been nominated for a Webby Award in the category of banking and bill paying. Lending Club said on its blog that,... More of this article »
Prosper.com Named to Next Big Thing List by Wall Street Journal.
The Wall Street Journal named peer-to-peer lending company Prosper.com as one of fifty companies on its “The Next Big Thing List.” Prosper.com has received several rounds of venture capital funding and has setup more than $220... More of this article »
Naming Names: Judge Alledges JPMorgan Chase (NYSE: JPM) Execs Knew About Madoff
CNNMoney.com is reporting that the federal bankruptcy court judge presiding over the Bernard Madoff case has revealed the JPMorgan Chase (JPM) employees who allegedly suspected they were doing business with a Ponzi schemer. JPMorgan... More of this article »
Bank of America (NYSE: BAC) Posts Lower-than-Expected Earnings, Increases Reserves for Mortgage-Related Costs
Trying to brush aside their unexpected loss at the end of last year, Bank of America (BAC) posted a first-quarter profit Friday. In the report, BAC reported a profit of $2 billion, or 17 cents a share, for the first quarter. That... More of this article »
Young adults are savers not spenders
The financial landscape has changed dramatically over the last 10 years and it appears that both the UK and the US are breeding a generation of forward-thinking savers. Recent research by Barclays has shown that almost one third of... More of this article »
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon Warns Against “Complicated Regulatory” Environment
As chief executive of JPMorgan Chase, you would expect that Jamie Dimon might not be “all in” when it comes to the new financial regulation coming out of Washington. Still, it was a little surprising to hear him launch into what... More of this article »
U.S. Bancorp (NYSE: USB) Says Discount Window Was the Most “Economic Alternative” at Times
In a twist on a phrase, “borrowing” it could be said is in the eyes of the beholder. At least that’s the word coming from U.S. Bancorp (USB). The Federal Reserve has released information regarding which of the nation’s banks... More of this article »