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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 »
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 »
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 »
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 »
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 »
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 »
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 »
Wells Fargo (NYSE: WFC) Joins Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others Hit By Cyber Attacks
In the past weeks, the US banking industry has been a target for a growing number of cyber attacks. While cyber attacks are nothing new for the industry, the scale and coordination of the recent events are somewhat unprecedented, putting... More of this article »
UBS (NYSE: UBS) Succeeds Where Bank of America (NYSE: BAC) Fails, Avoids Costly Settlement
In the past four years, there has been a significant spike in the amount of shareholder lawsuits. Investors have grown increasingly leery of firms as they worry they have been misled as the firms they own are mismanaged. In the past... More of this article »
Citigroup (NYSE: C) Sees Rising Mergers and Acquisition Deals in Korean Market
The global market for mergers and acquisitions has been hampered – as firms strive to assess what future market conditions will demand, M&A activity on the whole has been low. Globally, mergers and acquisitions this quarter have... More of this article »
Wells Fargo (NYSE: WFC) Hires Peregrine Communications Targetting Asia and Europe Media Relations
The Wells Fargo (NYSE: WFC) brand has been a stable of American west coast financial services for well over a century. While it’s dominance on the west coast has long been held, the firm clearly has bigger aspirations, to achieve... More of this article »
Bank of America (NYSE: BAC) Reaches $2.43 Billion Settlement Over Merrill Lynch Acquisition
Since the financial crisis of 2008, shares of Bank of America (NYSE: BAC) have struggled to regain footing. The firm has been embroiled in literally thousands of lawsuits, while also facing increased scrutiny from regulators. Much... More of this article »
JPMorgan Chase (NYSE: JPM) Fined by CFTC
Fines and settlements are appearing on epidemic proportions in financial services today. Multiple notable cases are reflecting a troubling trend, of firms violating limits put in place to limit risk in the financial system in off the... More of this article »
Goldman Sachs (NYSE: GS) Sees Economic Growth Slowing in China
China’s economic growth for the past decade has been far above the world average, and significantly faster than key counterparts in Europe and the United States. However, the near 10% annual growth they have enjoyed may soon be coming... More of this article »
Heineken Soaks Up Tiger Beer
Heineken NV has spent another $4 billion to take control of Tiger Beer as part of the company’s strategy of expanding significantly into Asia. Singapore based Fraser & Neave’s shareholders agreed on Friday to sell their stake... More of this article »
US Bancorp Web Site Attacked by Middle East Group
US Bancorp customers had a hard time loading the company’s web site and do online transactions. Its spokesman Tom Joyce said that the site remained up during the purported attack. According to its web admins, the Minneapolis bank... More of this article »
Discover to Refund Credit Protection Fees
Discover Financial Services agreed to pay $200 million in refunds to more than 3.5 million customers who paid for credit protection services over the phone. The company must also pay $14 million in civil penalties to banking regulators. The... More of this article »
Unemployed Americans Gives Up Looking for Work
Millions of Americans are frustrated of not finding work. Most of them have already given up looking for one. Some young adult had to move back to their parents’ homes. Some parents are also helping out with the college debt of their... More of this article »
Africans Arrive in Alabama to fill job openings
The new immigration law that was designed to rid Alabama of undocumented immigrants has helped to give new jobs to other immigrants. Immigrants from who were living in Atlanta have become the unexpected beneficiaries of available work... More of this article »
Bank of America (NYSE: BAC) Slashing 16,000 Jobs
Bank of America (NYSE: BAC), the nation’s second largest bank, plans to cut 16,000 by the end of this year, according to a report published in The Wall Street Journal. The cuts come at a precarious time as the nation continues... More of this article »
Goldman Sachs (NYSE: GS) Sees Funds Getting Smaller
Goldman Sachs (NYSE: GS) recently completed the investment stage for its 2007 fund, raising $20.7 billion, but market insiders don’t expect it to return to market seeking a similar sized pool of capital. The firm’s global... More of this article »
Bank of America (NYSE: BAC) CEO Moynihan Still Under Fire
With no end in sight, the Charlotte based banking giant Bank of America (NYSE: BAC) is once again looking to slash costs in its businesses, this time aiming to take out 16,000 jobs by the end of this year. Chief Executive Officer Brian... More of this article »
CEO of Ryanair Has Unkind Words for Customers
Ryanair, the deep-discount air carrier was in the news late last week. However, the publicity was not what the airline was probably looking for. The airline’s CEO Michael O’Leary called his customers idiots. The airline’s number... More of this article »
GM to Offer 500 New Jobs at Tech Center
General Motors is planning to add around 500 jobs at its new information technology center in Austin, Texas. This is the first step that the automaker is taking to bring most of its IT work in-house for the next three years. GM plans... More of this article »
Finding Cheap Flights Online in 2013 and Beyond
How do you find cheap flights online? It’s easier than you might think. First, there are a number of websites that will allow you to do price comparisons for free. Kayak.com, Expedia.com, and Flights.com are just a few examples.... More of this article »
Obama Momentum Runs into Labor Report Road Block
Current President Barack Obama enjoyed his highest public approval rating on Thursday night since early last year. On Friday however, the President received a not so kind greeting from the Labor Department’s jobs report. The results... More of this article »
Retailers in Britain Not Helped By London Games
The recently completed 2012 Olympic Games held in London, England did not help increase retail sales for retailers in Great Britain, as many had expected and hoped. The country’s retailers suffered in August, as people stayed at... More of this article »
Self-Storage With Lok’nStore
Lok’nStore meets people’s self-storage needs whether it’s 25 square feet, 200 square feet of storage, or something in between. There is a “space indicator” on the website to help customers determine how... More of this article »
Amazon to use Nokia for its Map Services
The largest retailer in the world on Internet, Amazon.com has announced its Kindle Fire now is 20% of the sales for tablets in the U.S. The internet retailer said it was joining forces with Finland’s Nokia for its mapping services... More of this article »
Lowe’s $1.8 Billion Take Over Offer Rejected (NYSE: LOW)
Lowe’s $1.8 billion takeover offer was rejected by Rona, a Canadian rival. Rona said that it was approached by Lowe’s with a “non binding” offer to pay 14.50 cents a share for the company. Rona said that it formally... More of this article »
New HIV Medication Approved by FDA
The U.S. Food and Drug Administration approve a new drug for HIV, but the price of the new medication received a great deal of criticism from an AIDS activist. Michael Weinstein, the AIDS Healthcare Foundation president, said the drug... More of this article »
IBM Corp to Buy Kenexa Corp
IBM Corp is set to buy Kenexa Corp for around $1.3 billion. This will allow the technology giant to go into the human resources software market where it will compete against Oracle Corp and SAP AG. The deal fortifies the importance... More of this article »
Schulze Gets Okay to Launch Takeover Bid for Best Buy
The board of directors of the consumer electronics firm Best Buy announced on Monday that it had given Richard Schulze, the company founder, consent to prepare a takeover bid. Schulze now has 60 days to perform due diligence, form... More of this article »
Travel Advocates Urge FTC to Protect against Hotels Deceptive Pricing
Individual and corporate travel advocates have urged the Federal Trade Commission in the United States to address drip pricing, a practice that is widespread amongst the hotel industry. Advocates have said to the regulatory agency... More of this article »
Apple Wins Patent Case against Samsung
Last Friday, a US jury gave Apple a decisive win in its legal battle against Samsung Electronics. The court awarded Apple more than $1 billion in damages after it ruled that the Korean electronic device manufacturer infringed on several... More of this article »
Royal Bank of Scotland Loses $3B In First Half Of Year (NYSE: RBS)
Royal Bank of Scotland reported a net loss of £1.99 billion, or $3.09 billion, in the first half of the year. The bank recorded a £1.42 billion loss in the same quarter last year. Revenue fell 8%, to £13.29 billion. The bank’s... More of this article »
Sony to Cut 15% of Mobile Phone Employees
Sony announced on Thursday that it would cut 15% of the mobile phone unit workforce, which has had economic troubles. The consumer electronics company said it was also relocating the headquarters of its mobile phone unit. Currently... More of this article »
Hewlett Packard Reports Huge Loss
On Wednesday, Hewlett Packard announced its worst loss in 73 years of business. The huge tech giant has been struggling for the last couple of years and its latest quarterly loss was compounded because of a $9.2 billion write off.... More of this article »
BP Announces Loss After Series Of Write-Downs (NYSE: BP)
BP reported a $1.4 billion loss for the second quarter. Investors were already discontented with the performance of the company and its first American chief executive, Robert W. Dudley and the earnings report did nothing to assuage... More of this article »
Line Losses Cause of Energy Crisis for Karachi Electric Supply Company
Inefficient electricity productions as well as chronic line losses are the major causes for the energy crisis in Karachi Electric Supply Company. This was determined by a recent study made by Sustainable Development Policy Institute. The... More of this article »
Lowe’s Drops Outlook as Earnings Fall
Lowe’s earnings for the fiscal second quarter dropped by 10%, as the retailer of home-improvement products saw margins squeezed. Same-store sales dropped slightly. Robert Niblock the company’s CEO said that the quarterly results... More of this article »
Apple Sees Share Price Soar
Investors, market observers and mobile device users are all anxiously awaiting the launch of the iPhone 5 and the possible launch of the iPad Mini. While everyone is anxiously awaiting the arrival of the next generation iPhone, the... More of this article »
DOJ Approves Verizon Wireless Cable Deals
The Department of Justice announced that it has approved the pending spectrum and marketing deals between Verizon Wireless and several other cable companies. The DOJ looked into the concerns regarding the deal by limiting the proposed... More of this article »
Factory Output Goes Up as Prices Remain the Same
Manufacturers have made more computers and cars in July and homebuilders gained more confidence with the market. Prices remained unchanged as the US economy continued to expand as the inflation was contained. Production at mines, factories,... More of this article »
FedEx to Buyout Employees in 2012-13
Federal Express has announced it will be offering a number of its employees in the U.S. a voluntary buyout. Company officials said on Monday that the company was offering the buyout packages to a select group of employees. The majority... More of this article »
Price of Gas Surges in July
A recent price increase in gasoline has taken some of the wind out of the sails of summer. The national average for a gallon of gasoline has increased to $3.67, which is an increase of 34 cents per gallon since the beginning of July. The... More of this article »
Wojick New Boeing Vice President of Sales for Commercial Airplanes
The Boeing Company announced that it named John Wojick as the new vice president of Sales for Commercial Airplanes. He replaced Ray Conner, who was made president and CEO of Boeing Commercial Airplanes in June. Wojick has spent 32... More of this article »