Home » Archive for April, 2012
Sony’s Takeover Of EMI Inches Closer To Approval (NYSE: SNE)
Citigroup reached a deal last year to split EMI Music Publishing between Sony and the Universal Music Group. Universal bid $1.9 billion for the company’s record labels and Sony pledged $2.2 billion for the rest of the company. ... More of this article »
Citigroup (NYSE: C) Sued Over Executive Compensation
Citigroup (NYSE: C) remains battered by a slew of lawsuits, and now, one has been filed against the firm over the compensation policies in place for their top executives. Specifically, the suit has been filed by a shareholder... More of this article »
Wells Fargo (NYSE: WFC) Issuing Cash Dividend
Across Wall Street, investors have been clamoring for returns on equities since the depths of the financial crisis. The large financial service institutions, once famous for their generous dividend payouts, were forced to slash them... More of this article »
Citigroup (NYSE: C) Awarded Latin America Fund Administrator of the Year
Citigroup (NYSE: C), the beleaguered New York based banking behemoth may see it’s stock price suffering, but has achieved acclaim in foreign markets recently, most specifically, Latin America. Custody Risk has named Citi Fund Administrator... More of this article »
Bin Laden Took Viagra and Dyed His Hair
The late Osama bin Laden went to great lengths to remain young in his household that consisted of three women. He used the very popular Just for Men dye for his hair to eliminate the grey hairs that had encroached on both his scalp... More of this article »
Chevron First Quarter Income Up
Chevron Corp announced its first quarter earnings on Friday. The Sam Ramon, California based Chevron said net income for the quarter increased by 4.2%, as the increased price of oil boosted the company’s profits from its production... More of this article »
United Nations Fighting Human Trafficking and Exploitation in Tourism
Two United Nations heads have taken a firm stand against the problem of human trafficking, most importantly child trafficking in tourism. The two UN heads have pledged to eradicate this hidden scourge using joint efforts. The UN Director... More of this article »
Fiat-Owned Chrysler’s First Quarter Results Surpass Expectations (PINK: FIATY)
Chrysler earned $473 million in the first quarter of 2012. This figure was more than quadruple its $116 million profit in the period a year earlier. It is also more than the company’s entire net income for 2011. Chrysler’s... More of this article »
Nintendo Reports First Ever Operating Loss (PINK: NTDOY)
Nintendo reported its first operating loss ever for the financial year ending March 31. The company reported a deficit of ¥37.3 billion, or $460 million. The results were slightly better than analysts’ forecast of a ¥41.4 billion... More of this article »
Wal-Mart’s Mexico Operations Probed By Attorney General (NYSE: WMT)
In Mexico, the attorney general’s office launched a preliminary investigation into whether Wal-Mart Stores bribed officials to expand its business. A New York Times report revealed a pattern of suspicious payments made to various... More of this article »
Sixteen Killed At Church Service in Nigeria
The Red Cross says that 16 people were killed at a church service at a university on Sunday. The attack took place Sunday morning during a church service at Bayero University. Gunmen, police said, attacked an on campus Catholic mass... More of this article »
Report Alleges Apple is not paying Millions in Taxes
A report recently released says Apple, Inc. is avoiding paying billions of dollars of global taxes. The report claims the tech giant is opening small offices across the globe to collect and then invest profits by the company. The report... More of this article »
Some Women Think Contraceptives are 100% Effective
A recent study found that the majority of women in the U.S. overestimate condom and oral contraceptives’ effectiveness. Some even think the methods are 100% effective. Two doctors in St. Louis using a questionnaire of contraceptive... More of this article »
Al-Qaeda Still Planning Payback
A full year has passed since the raid by the U.S. that resulted in the death of Osama bin Laden. Al-Qaeda has been hunted, hobbled and somewhat dismantled during that time and has not had time to carry out another attack similar... More of this article »
Unemployment in Spain Hits Record
The notorious stagnant jobs market in Spain is a serious problem in the country and is expected to get even worse before turning the corner toward the good. The government in Spain reported that the unemployment rate skyrocketed to... More of this article »
Motel Uses Nudity to Survive
One motel in Cocoa Beach, Florida has had a problem filling rooms and lounge chairs. In order to attract more guests, the Fawlty Towers Motel has had to resort to attracting guests that has raised the eyebrows of many local residents. Starting... More of this article »
Yahoo says Facebook Retaliated in Patent Fight
In early April, Facebook issued a countersuit against Yahoo. Facebook says that Yahoo infringed on 10 patents owned by the social network. That countersuit was about a month after Yahoo had originally filed a lawsuit against Facebook.... More of this article »
Workers Do Not Get Enough Rest
A new study by the U.S. Centers for Disease Control says that close to 41 million workers in the United States get less than six hours of sleep each night. That amount is about 30% of the entire civilian workforce in the country. The... More of this article »
Delta Flight was in Quarantine
On Thursday afternoon, a Delta Airlines flight was quarantined at Midway Airport in Chicago. One of the passengers, Lise Sievers says her recent trip to Uganda may have been the cause of the quarantine. She is adopting two children... More of this article »
Rating For Spain Downgraded by S&P
Spain’s credit rating was downgraded on Thursday by Standard & Poor’s. The credit agency said the country’s levels of sovereign debt were excessively high and that the banks in Spain would need to receive an injection of... More of this article »
House Okays Cybersecurity Bill
On Thursday, the U.S. House of Representatives passed a controversial bill known as the Cybersecurity bill. It allows private enterprise to exchange information that is confidential with the U.S. government. CISPA – the Cyber Intelligence... More of this article »
Watson to Acquire Actavis
Watson Pharmaceuticals Inc announced on Wednesday that it had agreed to purchase Actavis Group. The deal is estimated at over $5.6 billion. The deal will make the company one of the biggest suppliers in the world of generic drugs and... More of this article »
Ex-NFL Player Convicted of Sex crimes
Nate Webster a former linebacker with the Cincinnati Bengals was convicted of sex-related crimes on Wednesday involving the daughter of an ex-Cincinnati Bengal assistant coach. The Cincinnati jury declared Webster guilty on four counts... More of this article »
Egypt’s Adel Imam Found Guilty
The most popular comedian in Egypt, Adel Imam has been found guilty of Insulting Islam. The verdict of the comedian for offending Islam was upheld in a Cairo court on Wednesday. It raised fears with liberals and secularists in Egypt... More of this article »
Kardashian Girls Sign Mega Deal
Fans of the Kardashians will be happy to know they will continue to see the family on reality TV on the E! Network. The network announced it had signed a contract for $40 million for three seasons for the show Keeping Up With the Kardashians. The... More of this article »
Twins Delivered by Brain-dead Mother
Last week a woman who was brain-dead gave birth to twins. Christine Bolden, 26, who suffered brain aneurysms, gave birth via C-section to two twin boys. Bolden was declared brain dead, by doctors, weeks ago. She had collapsed from... More of this article »
Monthly Bills for Smartphones down at AT&T
AT&T is generating less money from each new monthly subscriber of a smartphone. The average monthly smartphone bill for subscribers has decreased by nearly 10%, from $88 dollars to $80 in just 12 months. AT&T should be greatly... More of this article »
Spy Service Gets Reshaping
The Pentagon is reshaping the spy service in the U.S., shifting agents in intelligence from putting their focus on wars in Afghanistan and Iraq to other priorities across the globe. A reorganization of the service is underway to target... More of this article »
Airport Security Needs Help
The former Transportation Security Administration administrator Kip Hawley said the agency’s approach to today’s airport security is broken. Hawley was the TSA head between 2005 and 2009. He was the face the public saw of an agency... More of this article »
Video Game Debate Reopens After Norway Trial Starts
The alleged mass murderer Anders Breivik’s trial has reopened the dispute over video games. Breivik testified last Thursday that he used video games to train for his shooting spree that amounted to 77 deaths last summer. He said... More of this article »
Dutch Government Collapses
Mark Rutte the Dutch Prime Minister resigned on Monday after support from the far-right was withdrawn for his government. That might clear the way for earlier than normal elections in the Netherlands. Some believe the elections will... More of this article »
Measles Deaths Down Sharply in Last Decade
Deaths from measles worldwide have dropped by 75% in the last decade says new research by WHO. The majority of the deaths caused by measles were in Africa and India, where still very few children are immunized. Health officials said... More of this article »
NetFlix Loses Money, Gains Subscribers
This year Netflix expects to sign up over 7 million subscribers to its streaming video rentals, despite the fact it just posted its first loss for a quarter in over seven years. The home video and streaming video rental company lost... More of this article »
Revenue Increases Mean Higher Profits For Wells Fargo (NYSE: WFC)
Wells Fargo saw an increase of 13% in profits for the first quarter. The company reported earnings of $4.2 billion, or $0.75 a share. The results were higher than the $0.73 a share forecasted by analysts. Revenue increased to... More of this article »
GOP Blocking Immigration Reform
David Axelrod the senior advisor for President Obama’s reelection campaign criticized the Republican Party for highlighting the overall lack of immigration reform as a failure of one of President Obama’s promise in his 2008 campaign.... More of this article »
Call for Freezing Student Loan Interest Rates
Senator Charles Schumer has called on Congress to freeze the interest rates on student loans. Current Stafford loans have a rate of 3.4%, but they are destined to increase to 6.8% as of July 1. That increased will affect over 7.4 million... More of this article »
Twenty-year Light Bulb Unveiled
Philips has unveiled a super-energy saving light bulb that it said would have over a 20-year life span. The LED bulb was unveiled by the Dutch company to coincide with Sunday’s International Earth Day. The Bright Tomorrow Lighting... More of this article »
Giroux Carrying Flyers
Claude Giroux, the forward for the Philadelphia Flyers is making a case for himself as one of the best in the NHL. Giroux showed his talent by placing a big hit on Pittsburgh Penguin superstar Sidney Crosby just after the opening faceoff... More of this article »
More Smartphone Users Accessing Travel Information
As smartphones become more and more popular, more and more users are accessing travel information from them. A recent study in the U.S. said that over half of all smartphone users accessed some form of travel information over the past... More of this article »
Opiates Responsible For the Death of Eight Americans
Eight American soldiers in Afghanistan died due to opiate overdoses that included morphine, heroin or other opiates between 2010 and 2011. Documents that detailed the investigation of 56 soldiers outlined the overdoses. The eight who... More of this article »
Physical Activity Helps Ward off Alzheimer’s
By 2030, medical experts say the number of people worldwide suffering from Alzheimer’s will be 80 million. However, a recently released study says that physical activity on a daily basis might provide a good chance of warding off... More of this article »
Jet Crash Investigated In Pakistan
The head of Bhoja Air was not allowed to live the country following an order by the Pakistani government. He was ordered held in protective custody while an investigation was started following the second air disaster to hit the country... More of this article »
Publisher Platform Dumped By Google
Google shut down the Internet news website payment platform One Pass, as it continues to do house cleaning that was launched last year by Larry Page the company co-founder, when he took charge. Since that time, Google has been attempting... More of this article »
Rules Governing Nanotechnology in Foods Proposed by FDA
The U.S Food and Drug Administration is proposing that companies wanting to use tiny particles that have been engineered, in their packing of food, might have to provide additional testing data to ensure the products are safe. Tentative... More of this article »
Gum Disease Not Linked To Heart Disease
Experts announced this week, through a statement by the American Heart Association that there is no convincing evidence linking gum disease that goes untreated with stroke or heart disease. There is also no strong evidence saying that... More of this article »
Plane Crashes into Gulf
A small plane flew in circles over the Gulf of Mexico for nearly three hours before crashing into the water. The plane had been scheduled to fly to Florida from Louisiana, but the pilot, Dr. Peter Hertzak, lost consciousness. Radio... More of this article »
NATO Calling on Russia and China to Help in Afghanistan
NATO’s head has called upon Russia and China to help fund security in Afghanistan in 2014. The alliance of nations is trying to round up as many contributions as possible before the combat troops from most countries pull out of the... More of this article »
Bank Of America Reports Significant Drop In Revenue (NYSE: BAC)
Bank of America reported results that were better than expected for the first quarter despite a drop in revenue and one-time accounting charges. Bank of America’s net income dropped to $653 million, or $0.03 a share, from $2 billion,... More of this article »