Archive for May, 2010
Walmart (NYSE: WMT) Has Plans to Go Mini
Executives at Walmart (NYSE: WMT) have laid out a plan for a $100 billion expansion plan, aiming to grab up billions in domestic sales. The ideas from the Bentonville company are to develop and open mini stores in urban markets and deal real estate areas. Due to on-going protests from labor unions and anti-chain consumers, [...]
US Postal Service Down $1.9 Billion
For the first half of the fiscal year, the United States Post Office said they have posted a $1.9 billion loss. UPS (NYSE: UPS) and FedEx (NYSE: FDX) are part of the problem due to the stiff competition but the recession is also to blame for the loss of profits. The US Postal Service delivers [...]
September 11th Statue Ready for Bids on eBay (NASDAQ: EBAY)
In Emmitsburg, Maryland a 40-foot statue depicting three NYC firefighters raising the United States flag at Ground Zero will be going up for auction on eBay (NASDAQ: EBAY). The bidding will begin this Wednesday and conclude May 22. There is only one minor requirement: the winning bidder will not be able to take the statue [...]
Google (NASDAQ: GOOG) Outselling Apple (NYSE: APPL)
According to the Los Angeles Times, Google’s (NASDAQ: GOOG) is working hard to take the lead in the smartphone market. For the first quarter of 2010, Google’s Android devices have outsold Apple’s (NYSE: APPL) iPhones. It is the first time Android phones have fared better than the Apple iPhone in the US. While the high [...]
Citigroup (NYSE: C) Successful in Modification Program
Among the lenders who are offering homeowners a home modification program, Citigroup (NYSE: C) is being cited as one of the more successful lenders. According to the latest report from the Making Home Affordable program, Citigroup has made modifications for half of their eligible customers in the form of a permanent or trial basis. The [...]
Sallie Mae (NYSE: SLM) Announces New Savings Account Interest Rates
Sallie Mae (NYSE: SLM) is now helping people with savings whether for college or other goals with increased savings account interest rates. They are currently among the highest rates nationwide. According to national research conducted by Sallie Mae and Gallup, 59% of parents are saving for college through a combination of savings accounts, money market [...]
Citigroup (NYSE: C) Ready to Lend To Small Biz
Citigroup (NYSE: C) has announced they are holding a $200 million dollar fund to help small businesses stay afloat in low income areas of the United States. With the state of the economy, many small business owners are going under without access to proper financing avenues. Citigroup is working in association with the Calvert Foundation and [...]
General Electric (NYSE: GE) Bringing New Jobs To Life In Michigan
General Electric (NYSE: GE) is set to add another 220 jobs to its initial plan for 1,100 new jobs in Michigan. Within the next five years, the company is looking to create more than 1,300 jobs to the state. The initial commitment by GE was made in June. The new employment is based on the [...]
Amazon’s (NASDAQ: AMZN) Getting Social With Kindle
Amazon (NASDAQ: AMZN) is hoping to remain competitive in the e-reader sector since the advent of the iPad. The company has just announced their upgrade plans for the ebook reader Kindle 2.5. Kindle user can now interact with friends online via Twitter and Facebook which until now was not possible unlike with the Apple iPad. [...]



