Archive for June, 2010

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AT&T U-Verse TV Introduces My Multiview App (NYSE: T)

The latest way to take in more media at one time comes from AT&T with the introduction of their TV app, My Multiview. Today marks the launch of this app from AT&T U-verse®, offering customers the choose of four of their favorite television channels to be displayed on their TV screen at one time. If [...]
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Ford Announces Plans To Reduce Debt by $4 Billion (NYSE: F)

In an effort to further strengthen its balance sheet, the Ford Motor Company, Inc. announced on Wednesday that they are paying off more than $4 billion in debt. This action is in addition to the $3 billion Ford paid off in April which brings the combined total of debt payments to $7 billion in the [...]
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Prosper Statistics: Over Half of Prosper Marketplace Loans are Used for Debt Consolidation

Prosper Marketplace one of the two largest peer-to-peer lending companies operating in the world, has released new statistics showing that 53% of all loans on Prosper’s peer-to-peer lending marketplace were used to consolidate debt during the second-half of 2009. Debt consolidation loans were by far the most popular reason that borrowers took out loans through [...]
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Nevada Homeowners Get Help From Bank of America (NYSE: BAC)

Consumers across the nation have been affected by the tough economic conditions in recent years. Homeowners are defaulting on mortgage loans in record numbers, with the state of Nevada being particularly hard hit according to Senator Harry Reid. As a result Senator Reid had a special meeting with Bank of America’s Chief Executive Officer Brian [...]
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AOL’s (NYSE: AOL) MapQuest Gets Upgraded

AOL’s (NYSE: AOL) MapQuest had been redesigned and includes a new batch of features to help pick up some popularity points among users. MapQuest used to be on top before Google took over with its mapping technology and it hopes to get back on the map again. MapQuest’s services provide users with mapping functions for [...]
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Unemployment Benefits Extension Rejected by the House Tuesday

As the concern of the national debt increases, the House voted to reject a bill that would extend benefits for people who are unemployed for long periods of time. There is expected to be another vote, perhaps as early as Wednesday, by the house as Senate Majority Leader Harry Reid filed a motion to force [...]
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Facebook Made Error in Disabling ‘Boycott BP’ Page

Facebook is facing some criticism after it disabled a page set up calling for a boycott of BP Oil Company (NYSE:BP). The company’s officials say the page removal was an error stemming from a glitch in technology. The page has since been reinstated. The Boycott BP Facebook page was organized as a boycott around the [...]
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Is Google (NASDAQ: GOOG) Building Facebook Rival?

There has been rumblings that Google (NASDAQ: GOOG) is working on a project that is said to compete with Facebook. Industry watchers are taking notice and wonder what the success will be for a new social networking site. Google has been in the social media circle for some time. Their current sites include YouTube, Blogger, [...]
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Citigroup (NYSE: C) Second Company to be Halted By Circuit-Breaker

The two week old circuit breaker designed to prevent market panics on the stock market halted Citigroup (NYSE: C) in a five-minute pause in trading. The circuit-breaker was triggered by a 17% drop in Citigroup Inc stock today. The circuit breakers were created after the May 6th “Flash Crash” during which the Dow Jones Industrial [...]
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JPMorgan Chase (NYSE: JPM) Offering Hiring Incentive to Small Business

JPMorgan Chase (NYSE: JPM) announced on Tuesday they will offer their small business customers a half of a percentage lower interest rate on lines of credit for every new person they hire up to three hires. The move is set to help create a stronger economy and more jobs. JPMorgan’s head of business banking spoke [...]
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Apple (NASDAQ:AAPL) iPhone Coming To Verizon in 2011

Apple’s (NASDAQ:AAPL) iPhone will start being sold by Verizon Wireless (NYSE: VZ), the largest mobile phone company in the United States as of January of next year. According to Businessweek.com, the deal has not been officially made public. Spokespeople for both Verizon and Apple declined to comment on the topic. This latest development will end [...]
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Canadian Peer-to-Peer Lending Company CommunityLend Now Available in Quebec

CommunityLend, a Canadian peer-to-peer lending company, announced on January 29th that their service is now available to both borrowers and lenders in the province of Quebec. In a short blog-post on their site titled “Welcome Quebec,” the company said “Starting today, Lenders and Borrowers from Quebec can now participate in the CommunityLend online lending system.” [...]
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Wells Fargo Represented At Loan Modification Hearing (NYSE: WFC)

The House Committee on Oversight and Government Reform held a hearing last week to discuss whether or not the processes used by lenders to implement HAMP and other loan modification programs are effective in helping people avoid foreclosure. Michael J. Heid, Co-President of Wells Fargo Home Mortgage was present at this hearing, along with other [...]
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Apple (NASDAQ: AAPL) iPhone 4 Debuts With Long Lines

Apple (NASDAQ: AAPL) released the 4th version of the iPhone today, which brought out lines longer than earlier version releases. It seems that Apple has a craze going around the world for these devices. It also appears that they were not anticipating demand to be this high, as many locations ran out of phones before [...]
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Don’t Hold Your New Apple (NASDAQ: AAPL) iPhone That Way

The Apple (NASDAQ: AAPL) iPhone 4, just released yesterday is already getting a lot of attention, and not for the better. As people across the country began activating and using their new iPhones many found to their dismay that they were getting cut off during calls. Why? It seems that the new phones design, which [...]
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Audible.com Android: Audible Android’s Application Coming Soon

Audible.com, an audio book provider which enjoys a near monopoly on the digital audio book download market, is currently testing a program for Google’s Android (sometimes called Droid) platform. The Audible Droid app has a target date of “Summer 2010” and may launch before an iPhone version of the app launches. The Audible droid app [...]
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Peer-to-Peer Lending Forums: Where to Discuss Social Lending Online

If you are researching social lending as a possible investment or for the possibility of getting an unsecured loan from a peer-to-peer lending company such as Lending Club or Prosper Marketplace, it’s important to have good information about what you are getting yourself into. Lending Socially.com is our attempt to provide up-to-date and accurate reporting [...]
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Audible Podcast: How To Get the Audible Deals Mentioned on Podcasts

Audible.com has advertised on a number of different podcasts, including those on This Week in Tech, for some time. The audio book selling company offers a number of discounts and free trials to new users that find the service through podcasts or websites. Here’s an overview of the currently available Audible Podcast deals: Deal #1 [...]
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Audible.com Free Trial: How to Get a Free Trial on Audible.com

Audible.com, a monthly audio-book subscription service which provides users with one or two audio books per month, is offering a fourteen day free trial to any new user to the service. Audible.com offers two subscription plans, the gold membership (normally $14.95) which allows users to get one audio book per month and the platinum membership [...]
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Fynanz Receives $6.5 Million in Series-A Funding to Develop Peer-to-Peer Student Lending Programs

Fynanz, a peer-to-peer lending website that specializes in student loans, has raised $6.5 million in Series A funding from Draper Fisher Jurvetson, DFJ Gotham Ventures, The Brazos Group, Zelkova Ventures and JBR Media Ventures. This new round of funding brings Fynanz’s total funding to just over $ 8million. Fynanz says that it will use the [...]
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Kellogg Issues Voluntary Cereal Recall (NYSE: K)

In a voluntary recall issued today, the Kellogg Co. has stated 28 million boxes of cereal should be pulled from shelves and pantries due to an “uncharacteristic off flavor and smell” that appears to be coming from the packaging, not the cereal itself. The recall affects products sold in the United States; products sold in [...]
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Lending Club Reduces Interest Rates for New Borrowers by 0.50%

Lending Club announced that the company is lowering interest rates on its peer-to-peer loan opportunities for borrowers by 0.50%. In a short statement made by the company, Lending Club said commented that “We have reduced our interest rate for borrower loans by 50 basis points, effectively decreasing a borrower’s interest rate by 0.5%.” Borrowers with [...]
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Google’s (NASDAQ: GOOG) YouTube Wins Judgment Over Viacom

Google received a major victory today when US District Judge Louis L. Stanton, ruled in the company’s favor. The judge threw out the billion dollar lawsuit filed by Viacom against You Tube, which claimed copyright infringement. Google had argued that You Tube, as described in the Digital Millennium Copyright Act is a service provider, meaning [...]
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Apple (NASDAQ: AAPL) iPhone 4 Debuts With Long Lines

Apple (NASDAQ: AAPL)  released the 4th version of the iPhone today, which brought out lines longer than earlier version releases. It seems that Apple has a craze going around the world for these devices. It also appears that they were not anticipating demand to be this high, as many locations ran out of phones before [...]
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What You Need to Know about Peer to Peer Lending

Economic data might suggest that the economy is on the road to recovery, but money isn’t free flowing from lenders as it did during the middle of the decade. Borrowers are going to find it increasingly difficult to get approved for loans that aren’t secured by collateral and the terms are not nearly as favorable [...]
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Verizon FiOS Customers Offered Month-to-Month Pricing Plan (NYSE: VZ)

Customers seeking to drop their current cable provider can now make the switch to Verizon FiOS with added confidence, convenience and choice. All new Verizon FiOS customers can pick if they want to pay for a bundle on a month to month basis (at the same prices charged to customers who opt to purchase a [...]
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Prosper Marketplace Now Open to Mississippi Lenders

Prosper Marketplace has announced that they have met state regulations to operate in Mississippi and now have clearance to accept lenders from the state. In a statement made on Prosper’s company blog, the company commented, “We have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform and welcome our members [...]