Home » Archive for October, 2012
Fans turn on Madonna After Vote Comment
Fans at a Madonna concert did not take to her telling them who to vote for. The Material Girl attempted to Rock the Vote Saturday night during her New Orleans concert on her MDNA Tour. However, her decision backfired as a number of... More of this article »
Visa (NYSE: V) Taps JPMorgan Chase (NYSE: JPM) Exec For CEO Spot
Credit card giant Visa (NYSE: V) announced Wednesday that its Board of Directors has appointed the firm’s new Chief Executive Officer, turning to a seasoned banking executive to do so. The change comes at an important time for... More of this article »
Wells Fargo (NYSE: WFC) Hires New Head of Financial Institutions Mergers & Acquisitions
During weak economies, mergers and acquisitions tend to be on the rise. To that end, there is no better time then the present to equip a firm with industry veterans to seek out and execute potential deals, as they may start heating... More of this article »
LIBOR Scandal Extends from Barclays (NYSE: BCS) to UBS (NYSE: UBS) and Royal Bank of Scotland (NYSE: RBS)
The LIBOR rate fixing scandal that rocked financial markets earlier this year and cost Barclays Chief Executive Bob Diamond his job now seems to be appraoching other LIBOR market participants as well. European banks UBS (NYSE: UBS)... More of this article »
Johnson Controls Steps Away from Lender Role for A123
Johnson Controls, an auto parts manufacturer, announced that it would step away from its position as the debtor-in-possession lender during the bankruptcy procedure for battery maker A123 Systems. This was to avoid delays in the proceedings. The... More of this article »
FDA Finds Mold and Germs in NECC
The U.S. Food and Drug Administration found blackish green foreign matter in what were supposed to be sterile drug vials. They found germs growing in vials of steroids that had been supposedly tested for their sterility. They found... More of this article »
Women’s Risk of Death from Tobacco Illnesses Drop Smokers Stop
A recent UK study that had more than one million women indicated that women who smoke into their middle age have death rates three times higher compared to non smokers and risk dying a decade earlier. Data from the recent study... More of this article »
Citigroup (NYSE: C) Leadership Going in Right Direction
Vikram Pandit, the former Chief Executive of Citigroup (NYSE: C), isn’t a bad guy. He didn’t do anything egregiously wrong while heading up the New York based bank, and few investors attack his performance personally, even... More of this article »
LIBOR Investigations Continue Beyond Barclays (NYSE: BCS)
The LIBOR scandal that rocked global financial markets this past summer has largely disappeared from the news, though the investigations continue and may soon entwine more banks. After the allegations of price fixing in the LIBOR... More of this article »
Amazon Reports Losses in Third Quarter
Amazon announced that it lost money in the third quarter, which continued its unimpressive earnings reports. But Amazon supporters were unfazed by the news. The report was released after the market closed and sent its shares to decline... More of this article »
Berlusconi Convicted for Tax Fraud
On Friday, in Milan, Italy a court convicted Silvio Berlusconi the former Premier for tax fraud. He was sentenced to 48 months behind bars. However, in Italy, court cases have to pass different appeal levels prior to the verdicts becoming... More of this article »
Wells Fargo (NYSE: WFC) Loses Overdraft Fee Arbitration Bid
Wells Fargo (NYSE: WFC), the San Francisco based banking giant, also happens to be the biggest U.S. home lender. Through their many lines of business, one source of revenue in particular has been jostled by recent regulations – overdraft... More of this article »
Citigroup (NYSE: C) Fined Over Facebook Disclosure
Citigroup (NYSE: C), the New York based banking behemoth that has faced a tumultuous four years, has been fined $2 million by Massachusetts regulators today for failing to prevent analysts from illegally leaking confidential information... More of this article »
Former Sachs Board Member Gets Two Years
The fall from grace is complete. Rajat Gupta, once a member of the board of directors of Goldman Sachs, on Wednesday was sentence to prison for two years by a federal judge for insider trading. This ends the case of the highest profile... More of this article »
Target Set to Sell Credit Card Business to TD Bank
The Target Corporation said that it reached a deal to sell its credit card business to the TD Bank Group. It ended its two year search for a buyer. The company said that the sale price was equal to the gross value of its outstanding... More of this article »
Data Theft at Barnes & Noble
On Wednesday, Barnes & Noble announced that it was the victim of data theft through tampered devices that customers used to swipe debit or credit cards in 63 stores. B&N is the largest bookseller in the U.S. and said the breach... More of this article »
Moynihan Touts Strength of Bank of America (NYSE: BAC)
By all reasonable measures, Brian Moynihan inherited a mess as Chief Executive of Bank of America (NYSE: BAC). Since taking over in January 2010 from outgoing CEO Ken Lewis, Moynihan had the unenviable task of ridding his firm of toxic... More of this article »
Goldman Sachs (NYSE: GS) Targets Private Bank Expansion in London
Earlier this year, The Goldman Sachs Group Inc. (NYSE: GS) Chief Executive Lloyd Blankfein announced the creation of a private bank-within-a-bank to serve its wealthiest customers. At the time, Blankfein went out of his way to say... More of this article »
New CEO Corbat Seeking to Right Ship at Citigroup (NYSE: C)
Following the ouster of former Citigroup (NYSE: C) Chief Executive Vikram Pandit, speculators have run wild on what the future of the bank holds, and who will lead it. Preliminary indications are that Michael Corbat is stepping up... More of this article »
New Smartphone for Emerging Markets Unveiled by Nokia
Finnish mobile phone manufacturer Nokia is attempting to make a comeback. Part of its plan of attacking emerging markets was launched today when it unveiled the new Lumina 510, its most inexpensive smartphone with the Windows operating... More of this article »
Slower Growth Forecasted by Caterpillar, Inc
The largest maker in the world of mining and construction equipment, Caterpillar Inc. has forecasted that sales growth during 2013 would slow down and be less than in the last three years, as a deceleration of the global economy takes... More of this article »
Breast Cancer Risk Could be Determined by Blood Test
The effort of developing a blood test that would reveal a risk factor for a woman for developing breast cancer might be another step close to reality, but still has a long way to go, according to information released from a new study. Researchers... More of this article »
Man Held in New York on Bomb Plot
A Bangladeshi man has been detained by authorities after trying to carry out a bomb plot. The man arrived in the U.S. with the idea of carrying out a jihad, but authorities arrested him in an elaborate sting that was orchestrated by... More of this article »
If reelected Obama would encourage ban on Assault Weapons
President Barack Obama engaged in a debate on Tuesday night with Republican presidential nominee Mitt Romney over the subject of gun control. Obama said he was thinking of pushing to ban assault weapons if he is reelected. At their... More of this article »
US Electric Vehicle Battery Maker Files for Bankruptcy
A123 Systems, an electric vehicle battery maker has filed for bankruptcy Tuesday. It has received $249 million in federal stimulus funds. The Chapter 11 filing of the company gave Mitt Romney another weapon against President Barack... More of this article »
Citigroup Announce Pandit Resignation as CEO
On Tuesday, the board of directors of Citigroup announced that CEO Vikram Pandit resigned effective immediately. The board said Michael Corbat the Middle Eastern and European division chief at the bank would replace Pandit. Also resigning... More of this article »
Sprint Nextel Purchased By Japan’s Softbank
Softbank will purchase a stake of 70% in Sprint Nextel for $20.1 billion, which will expand the growth overseas for the third largest operator of mobile phones in Japan. The company is run by billionaire businessman Masayoshi Son. In... More of this article »
Romney and Obama Get Ready for Debate no. 2
President Barack Obama is in Williamsburg, Virginia for three days of preparations for the second debate against Republican presidential candidate Mitt Romney. For three days, Obama will prep for the debate and members of Obama’s... More of this article »
Separatist Fever Increasing in Spain
Two of the world’s best soccer teams played last weekend in what they call “El Clasico,” the Classic. Real Madrid was visiting Barcelona and the crowd of nearly 100,000 fans erupted into cheers. However, they were not cheering... More of this article »
Galaxy Nexus to Appear Once Again on Store Shelves
A Federal Appeals court in the U.S. overturned the ban imposed in June against the Samsung Galaxy Nexus. In June, Apple, Inc. had won a court ruling that took the Nexus off store shelves saying it infringed on Apple’s patented technologies. The... More of this article »
Billionaire Warns Employees about Obama re-election
A billionaire business owner in Florida told his employees he might be forced to lay them off if current President Barack Obama is elected in November to a second term. He said the current administration was a threat to his employees’... More of this article »
Punk Rock Group Appeal Frees One
In Russia, on Wednesday a member of the punk rock group that was convicted of hooliganism was unexpectedly freed on appeal. The feminist punkers were convicted after storming into a local cathedral and singing in protest. The other... More of this article »
Walmart Offering New Prepaid Card
Bluebird was launched by Walmart as an alternative to checking and debit accounts. The launch by Walmart is in partnership with American Express. The new Bluebird accounts will target consumers that have become disenfranchised with... More of this article »
Venezuelans re-elect Chavez to another term as President
Venezuela President Hugo Chavez was re-elected on Sunday to another term as president. The victory by Chavez was his fourth since taking office nearly 14 years ago and gives his self-proclaimed socialist revolution six more years in... More of this article »
Reelection Campaign For Obama Takes in $181 Million
The president’s reelection campaign released fundraising figures on Saturday, just one day before Obama is scheduled to attend three fundraisers in California, including one where President Clinton will attend and one featuring a... More of this article »
Unemployment falls along with U.S. Dollar
The dollar fell for only the first time in the last three weeks as economic data in the U.S. was stronger than expected and spurred an outlook that growth in the biggest economy in the world is starting to build momentum. That prompted... More of this article »
American Gunman Killed by Israeli Police
A gunman from the U.S. was shot and killed by Israeli police after he opened fire inside a hotel, on the coast of Israel, that was filled with tourists. The gunman had shot and killed one person before police were able to kill him. The... More of this article »
Cabrera Wins First Triple Crown in 45 Years
On Wednesday night, Detroit Tigers’ Miguel Cabrera joined a fraternity of baseball players that is very exclusive. He captured the Triple Crown for the first time since Carl Yastrzemski won the elusive title in 1967. His stats for... More of this article »
Colds Not Stopped by Taking Vitamin D Supplements
Most people have tried everything from vitamin D to Zinc to Vitamin C to ward off the common cold. However, scientists say that you can now take at least one of the items of the list. In a study that was the most rigorous to date,... More of this article »
Email Marketing Services for Your Business
If you aren’t using email marketing services for your business you are probably leaving a huge chunk of money on the table. While most business owners, both large and small, understand that it is necessary to have a web presence... More of this article »
Shootout Kills one Border Patrol Agent
Two agents from the U.S. Border Patrol were shot on Tuesday morning. One agent was killed in a south Arizona area known to be a corridor for drug smuggling, said authorities. The agents’ identities have not been released, but the... More of this article »
0845 Numbers For Your Business.
This piece will be carefully taking a look at why business owners are better off by purchasing 0845 numbers. There are certain advantages associated with these numbers, and many providers make switching to such a number quite easy... More of this article »
The Value of 800 Numbers
Many people assume that 0800 numbers are a thing of the past. This is simply not true. Businesses today still utilize these 0800 numbers for a variety of reasons. You can too. The following are reasons 800 numbers are valuable for... More of this article »