Home » Archive for November, 2012
Goldman Sachs (NYSE: GS) Execs Reap Gains Exercising Options
Stock options have long been a key compensation metric for executives in the banking sector – although falling stock prices in recent years have limited some exercising, the rebound in stock prices are putting many of those options... More of this article »
Goldman Sachs (NYSE: GS) Upgrades RIM (NYSE: RIM)
RIM (NYSE: RIM) shares have enjoyed an unlikely rebound this year. Following the release of third quarter results, investors were surprised by the positive results and strong cash flow positions, which sent the stock price up. Now,... More of this article »
Lawsuit Dismissed Against JPMorgan Chase (NYSE: JPM)
JP Morgan Chase (NYSE: JPM), the New York based banking giant, has won a dismissal of a lawsuit brought against the firm stemming from the financial crisis. The nation’s largest bank by assets had been embroiled in a lawsuit with... More of this article »
JPMorgan Chase (NYSE: JPM) Eyes Opportunities in Brazil
With sluggish growth in the United States and Europe, the nation’s largest banks are looking towards expansion opportunities in more unconventional markets – for JPMorgan Chase (NYSE: JPM), that means Brazil. A decline in interest... More of this article »
Bank of America (NYSE: BAC) Plans Layoffs for Fresno Call Center
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but... More of this article »
Layoffs Coming For Citigroup (NYSE: C)
The banking sector continues to shed jobs, with the latest news coming out of the New York based banking giant Citigroup (NYSE: C). Rumors swirl that the firm’s trading and investment-banking division will eliminate 150 more jobs... More of this article »
BP Temporarily Banned from US Contracts
BP faced a temporary suspension from new contracts with the United States government according to the Environmental Protection Agency. It was not indicated how long the ban would last and it followed the record fine BP had to pay for... More of this article »
Cryptorchidism Increases Cancer Risk for Males
Males with cryptorchidism, a condition where their testes do not descend when they are born, are three times more apt to develop cancer of the testes later in their adult life. The study’s results have urged researchers to ask whether... More of this article »
Only State Missing JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), and Wells Fargo (NYSE: WFC)? That Would Be Hawaii
Hawaii may be considered paradise for vacationers, but apparently, not so much for the nation’s largest banks. Hawaii’s distance from the U.S. Mainland, the state’s small population and high real estate costs are among... More of this article »
Wells Fargo (NYSE: WFC) Adds Former PWC Partner to Board
Wells Fargo & Co. (NYSE: WFC), the San Francisco based banking behemoth and largest home lender in the United States is expanding its Board. Howard V. “Rick” Richardson will be joining the board of directors, bringing the total... More of this article »
CIFG Sues JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC)
Legal issues continue to plague the banking sector, with the most recent now focused on New York based JP Morgan Chase & Co. (NYSE: JPM). CIFG Assurance North America Inc. has dragged the company to court over losses suffered by... More of this article »
Special Dividend offered to Costco Shareholders
Warehouse merchant, Costco Wholesale has announced it will have a special dividend of $3 billion before the end of 2012, saving its shareholders from being bit should the increase in taxes take place due to the pending fiscal cliff. The... More of this article »
Authorities Exhume Body of Arafat
Palestinian authorities on Tuesday opened Yasser Arafat’s grave to experts for samples of the remains of the former leader of the PLO. Foreign experts are trying to determine if the former leader was poisoned. Relatives of Arafat... More of this article »
Active Lifestyle Helps Ward off Dementia
A recent study says that an active lifestyle helps to preserve the grey matter in the brain and lower the risk of developing Alzheimer’s disease and dementia. Over 35 million people around the world suffer from dementia, with those... More of this article »
Small Business Saturday a Success
This is the season when businesses compete for consumers’ dollars. Black Friday promotions have pushed the envelope in the competition. Small businesses try to get their share in attracting consumers with their own Small business... More of this article »
Brevan Howard Makes New York Comeback
Brevan Howard Asset Management, which is Europe’s second largest hedge fund, is rebuilding in the United States after pulling out during the financial crisis in 2008. The $39 billion company is run by billionaire Alan Howard. The... More of this article »
Users Might Lose Rights to Input on Facebook
On Saturday, Facebook is sending out its largest blast of emails since it became a company. It will inform one billion users its idea to modify the governance structure of the site and take away the users’ ability to vote on any... More of this article »
Sunday Elections Important for Catalonia’s Future
In Europe, Scotland is not the only place where independence is high on the agenda of many people. This Sunday the residents of Catalonia will go to the voting polls as the party in power is seeking a mandate to hold a referendum. Campaigning... More of this article »
Macho Camacho Gunned Down
Hector Macho Camacho, the former three-time world champion boxer was shot late Tuesday night, while sitting in a friend’s car in Bayamon, Puerto Rico his hometown. He was clinging to life late Wednesday afternoon with both his family... More of this article »
Binghamton’s October Unemployment Rate Better than Previous Month
The unemployment rate in Binghamton for the month of October is better than in September. But the bad news is that there are not as many jobs in the city compared to the same period last year. Local economist Christian Harris said... More of this article »
FDA Approves Heart Pump
On Tuesday, the U.S. Food and Drug Administration approved the use of a HeartWare International heart pumping apparatus for patients that are waiting for a heart transplant. The ventricular-assist system by HeartWare, which is placed... More of this article »
Los Angeles Galaxy Say Goodbye to Beckham on Dec. 1
On Monday, David Beckham told reporters he would play his last game in a Los Angeles Galaxy uniform on Dec.1 when his club faces the Houston Dynamo in the Cup final for Major League Soccer. However, Beckham insisted his playing days... More of this article »
Top Events to Attend in London in 2013
London has frequently been described as the cultural capital of the world. With a reputation for such diversity, it comes as no surprise that London will be hosting some amazing events in 2013. Here is a look at the best of what’s... More of this article »
Winter Wedding Venues
Many people don’t want to have their wedding in the winter, but those who are open to the idea tend to have many more options than those who plan weddings in the spring and summer months, simply because there is not as much competition... More of this article »
Best deals on gambling vacations
Gambling is one of the world’s favourite pastimes and the casino industry brings in billions in revenue annually. The development of online and mobile casinos such as top site http://www.mobilecasinoaustralia.com.au/ have served... More of this article »
How to Find a Mortgage Broker
Mortgage brokers are hired by individuals to help them secure a loan through a specific loan brokerage; mortgage brokers also help the individual find a loan broker that offers competitive rates. In order for an individual to contact... More of this article »
Nanoparticles Stop Recurring Multiple Sclerosis in Mice
A new experimental breakthrough treatment using nanoparticles that are covered in proteins to trick the body’s immune system, has managed to stop the immune system from attacking myelin and halt the progression of relapsing remitting... More of this article »
Judge Denies Request of Injunction against California Rail Project
Judge Timothy Frawley of Secramento County Superior Court denied the request from farmer in the Central Valley of California to stop the California Rail Project. The request for a preliminary injunction was denied as the judge said... More of this article »
Oregon Loses Game and National Title Hopes
On Saturday night, the Stanford Cardinal, ranked at the time no. 13 in the nation, upset the no. 1 ranked Oregon Ducks 17-14 in overtime. The loss probably took away any chance for the Ducks to play for the national championship. If... More of this article »
Alabama Jobless Numbers Improve
Government officials in Alabama got early holiday gift this year as the state reported its unemployment rate to drop to 8.1 percent in October. Dallas County’s jobless figure was 14.8 percent, which improved from 15.1 percent in... More of this article »
Egypt: School Bus Rammed by Train
A trained crashed into a school bus at a crossing about 180 miles south of Cairo on Saturday. Officials said 49 people were killed in the tragedy and 47 of them were children between the ages of 4 and 8 years old. The other two who... More of this article »
CEO of Waffle House Accused of Sexual Harassment
Waffle House CEO Joe Rogers responded for the first time to claims of sexual harassment against him by a former employee. He issued a written statement that was distributed by his legal counsel. In the statement, Rogers acknowledged... More of this article »
Dow futures Drop Due to Weak Jobless Data
Dow futures declined due to the weaker-than-forecast jobless claims report as well as the mixed results from Wal-Mart. The Dow Jones Industrial Average futures dropped 39 points to 12,505. The S&P 500 future fell 2.3 points to... More of this article »
Alzheimer’s Risk Increased by Rare Mutation
A rare mutation that has been found in one of every 200 Icelanders who are 85 years of age or older increased the risk by three times of developing Alzheimer’s, the debilitating disease, said researchers. The mutation, in TREM2,... More of this article »
Pinterest Announces Accounts for Businesses
Pinterest will now allow small business and large corporations to make official accounts. This could be a move towards profitability. Pinterest appealed to designers, chefs, wedding planners and anyone who wants to collect and share... More of this article »
EU Finance Ministers Discuss Banking Sector in the Region
European finance ministers met to discuss how they can strengthen the banking sectors and manage their economies. The meeting was held in Brussels Tuesday. While they discussed issues regarding the region’s economy, they didn’t... More of this article »
Russia Passes New Treason Law
On Wednesday, President Vladimir Putin of Russia signed into law legislation that redefines treason for the country. The new law comes at a time when many feel it will be used as a way to quiet the government’s dissenters. The new... More of this article »
United Gives Back TIF Funds to Chicago
United Continental Holdings, the parent company of United Airlines, is going to give back $5.6 million to the City of Chicago. It is the incentive money the city gave the airline when it moved its corporate headquarters at 77 W. Wacker... More of this article »
Republicans Search for answers in Election Loss
Many conservatives are trying to figure out an explanation for why presidential candidate Mitt Romney lost the election a week ago. A great deal of blame for the loss was put on the lack of success in the campaign’s get out and vote... More of this article »
Citigroup Awards $6.65 Million to Former CEO
The board of Citigroup paid its former chief executive Vikram S. Pandit $6.65 million. He unexpectedly resigned last month. The amount was said to be part of an incentive package for his work during 2012. He will also receive his deferred... More of this article »
U.S. to be World’s Leader in Oil Production
The International Energy Association released a new prediction that say before the end of the year 2017, the U.S. would become the world’s largest producer of oil passing both Russia and Saudi Arabia in the process. The prediction... More of this article »
Top Five NBA Movements of All Time
There have been a lot of NBA games played till dates but some games will remain special for a very long time. These games range from sudden game changers to excellent basketball skills on the court. One of the best games was the Knicks... More of this article »
Africa Malaria Trial Has Poor Results
The first potential vaccine for malaria in the world proved only to be effective 30% of the time in babies from Africa in a recently concluded trial. The results called into question if the vaccine can be a weapon in the world’s... More of this article »
Twenty-Seven Killed in Prison Riot
The Welikada prison located in Colombo, Sri Lanka was the site of violence, as 27 people were killed when prisoners started to fire upon special police forces. Officers in the prison were searching for illegal drugs and cell phones... More of this article »
CEO Makes Good on Pledge to Cut Jobs if Obama Wins
While the exact amount is still unclear, Americans should expect their taxes to increase in the next few weeks. More than a dozen tax cuts are about to expire on December 31 and several new taxes are scheduled to be implemented at... More of this article »
McDonald’s Sales Drop for First Time in a Decade
McDonald’s reported a drop in its global sales figures. This was the first time it happened in almost a decade. Monthly sales in stores that were open at least 13 months dropped across the globe by 1.8 percent in October. The drop... More of this article »
Iran Attacks U.S. Drone
Iran confirmed on Friday morning a report from the U.S. Pentagon that two warplanes from the country fired on a U.S. drone last week in the Persian Gulf. Ahmad Vahidi, the Iranian Defense Minister was quoted on a news website in Iran... More of this article »
Immigration Reform on Obama’s Priority List
The 2013 Presidential election was won by President Barack Obama thanks in big part to the Hispanic voting bloc. The youth vote, female vote and overall electorate went down for Obama in this election compared to the 2008 election.... More of this article »