Archive for June, 2010

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Flock Dumps Firefox for Google Chromium (NASDAQ: GOOG)

The social web browser, Flock, has dumped its traditional Firefox core for Chromium, the open source incarnation of Google’s Chrome browser. CEO Shawn Hardin stated that their Flock 3 (released recently for public beta) is the first major browser besides Chrome to use a Chromium base. Flock is a browser that works beautifully with social [...]
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Interview With Colin Henderson of CommunityLend

Canadian peer-to-peer lending company CommunityLend recently launched in two Canadian provinces. We recently had a chance to interview with Colin Henderson, one of CommunityLend co-founders. Henderson also serves as the company’s CTO. Here’s the interview: LENDING SOCIALLY: CommunityLend launched this month in Ontario and Quebec. How are the company’s efforts to do business in other provinces coming? [...]
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US Home Tax Credit Deadline Extended

The United States Senate held a vote on Wednesday that will give homebuyers an additional three months to settle up on contracts so they can benefit from the Homebuyers Tax credit that has been an incredibly popular and instrumental incentive for bringing back a spark to the housing market. The amendment was presented by Democratic [...]
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FDA Says Female Sex Drug Results Unconvincing

Pfizer (NYSE: PFE) created Viagra, a drug developed to help men facing sexual dysfunction. Now the new female equivalent is not showing the results many were hoping to achieve in women. The Food and Drug Administration has released information about the drug Flibanserin, a pill meant to be the first ‘female Viagra’ and the outlook [...]
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AT & T (NYSE: T)Stops Taking Early Apple (NYSE:APPL) iPhone Orders

In the latest twist in the AT&T (NYSE: T) and Apple (NYSE: APPL) relationship, the mobile phone carrier had to cease taking pre-orders for the iPhone. Apple sold 600,000 iPhones on Tuesday. It was 10 times as many phone orders than AT&T took for the iPhone 3G from last year. The deluge triggered a shut [...]
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2011 Lincoln MKZ Hybrid is the Most Fuel-Efficient Luxury Sedan in America (NYSE: F)

The 2011 Lincoln MKZ Hyrbrid is Lincoln’s first ever hybrid is also now officially the most fuel efficient luxury sedan in America with an EPA Certified 41 MPG rating for city driving, and 36 MPG when driving on the highway. As stated in a press release from Ford on June 16, 2010, “The 2011 Lincoln [...]
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General Motors Co. Funding a European Overhaul Without European Government Aid

General Motors, majority-owned by the U.S. government, gave up it’s efforts to obtain European government aid. Aid applications were initiated by GM more than six months ago. The aid, totaling $2.2 billion (1.8 billion euro) was being sought for restructuring Vauxhall and Opel operations. GM said their finances have improved and they will be able [...]
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Peer to Peer Lending Companies Begin Integrating with Online Retailers

Peer to peer lending companies are now turning to partnerships with online retailers to further growth as future growth from natural loan demand is beginning to slow. The first company to make such a partnership was Prosper Marketplace with Zero Motorcycles. Through a partnership between the two companies, Zero Motorcycles is allowing their customers to [...]
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Spirit Airline Flights Canceled Through Thursday

Spirit Airlines Inc has announced all flights through this Thursday will be canceled due to the ongoing pilot strike. All planes will remain grounded as the new contract negotiations continue. As of June 12th, the Florida-based airline had to suspend flights after failed contract talks. The pilots’ contracts have been in question for the last [...]
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Wells Fargo Changing Wachovia Offices in Six Additional States in 2010 (NYSE: WMT)

Wells Fargo announced that Wachovia bank branches in six more states will be changed over to the Wells Fargo name this year. According to company social media program manager Doug Caldwell via the Wells Fargo-Wachovia blog, Texas and Kansas can expect to see the banks name be changed to Wells Fargo in July. Alabama, Mississippi [...]
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Oil Companies Criticized for Disaster Plans Similar to BP (NYSE: BP)

Lawmakers are blasting oil companies like Exxon Mobil (NYSE: XOM) and ConocoPhillips (NYSE: COP) for their outdated plans in the event of another oil spill. Their disaster plans entail all of the same techniques that have continually failed BP in the past month and a half. BP (NYSE: BP) is the largest oil producer in [...]
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Starbucks (NASDAQ:SBUX) to Offer Free Wi-Fi Starting in July

The national coffee chain Starbucks (NASDAQ:SBUX) has announced they will be offering free Wi-Fi in all of its US locations starting July 1st. The move to free Wi-Fi has been a long time in coming but Starbucks had to make the move to stay competitive. With the addition of so many Wi-Fi hotspots, customers are [...]
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Microsoft (NASDAQ: MSFT) Releases Office 2010 Online, In Stores

Microsoft (NASDAQ: MSFT) announced Tuesday that it has officially released the latest version of its business productivity software. Office 2010 has added updates to the features of Word, Excel, and Powerpoint. It also has released free, online versions of the applications. Office 2010 is available in box form, as a download, or as pre-loaded software [...]
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How to Become a Bank: Thoughts on Investing in Peer-to-Peer Loans

The commercial banking industry has made billions of dollars worth of profit over the years by borrowing money from savers at interest rates between 1% and 5% and loaning the money out to borrowers at interest rates anywhere from 7% to 30% on credit cards, home equity loans, mortgages, and personal loans. If you’re loaning [...]
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App Reviews: Pandora Radio for the iPad

Pandora, the service which creates custom music streams based on user preference, has done a very effective job of making sure that there service is available on all sorts of mobile devices, including the iPad. “Pandora Radio” for the iPad mimics a lot of the user interface elements that the iPod application has for the [...]
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App Reviews: The Weather Channel for the iPad

The Weather Channel has developed a version of their content specifically designed for the iPad in the form of “The Weather Channel Max for iPad“, which is available for free on the App Store. The Weather Channel Max’s content is very comprehensive. You can view local weather information which has the current temperature, wind speed, [...]
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AT&T Will Offer iPhone 4 (NYSE: T)

AT&T announced on June 7, 2010 that it will offer the new iPhone 4 16GB and iPhone 4 32 GB to their customers starting on June 24, 2010. Customers may purchase it at AT&T retail stores and online on June 24. It will also be available for preorder starting on June 15. The iPhone 4 [...]
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How to Qualify for a Peer to Peer Student Loan

Peer to peer student loans are becoming an increasingly popular way to pay for college as funding from traditional loan sources becomes more difficult to acquire. With banks facing new financial regulation and pressure from regulators to increase their capital levels, the amount of available consumer credit, especially for student loans, is drying up. Student [...]
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Lending Club Announces New Logo and Brand Identity

Lending Club, the fastest growing peer-to-peer lending company in the United States, unveiled a new brand identity on Friday that includes a new red and navy logo and a new friendlier website. According to a blog post on Lending Clubs website, the company says that it believes the new logo will “better express our values [...]
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Prosper Marketplace Taking Steps to Reduce Risk for Peer-to-Peer Lending Investors

Prosper Marketplace, the peer-to-peer lending company that has originated more loans than any other company in its industry, recently has come under fire for being an investment that is too high-risk and has now outlined what steps that it has taken to reduce the potential losses that its investors might face. Lending Socially recently interviewed [...]
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iBooks Vs Kindle: An iPad E-Book Reader Comparison

When Apple was readying the release of the iPad, there was a debate as to whether or not Apple would actually approve Amazon’s submission of a Kindle application into the App Store. Apple has a history of rejecting applications which duplicate the functionality of Apple’s core applications which are included natively with their iPhone OS [...]
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Prosper Marketplace Favors Holistic Regulator for Peer-to-Peer Lending

Prosper Marketplace CEO Chris Larsen recently commented on the ongoing development of regulation for the fledgling peer-to-peer lending industry commenting that he favors a holistic regulator that “has the best interests of both borrowers and lenders in mind” in a recent interview with Lending Socially. Larsen commentated that he would favor a regulator other than [...]
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Avoid Borrowing and Lending Money to Family with Peer to Peer Loans

Most consumer advocates say that one of the biggest financial mistakes that one can make is borrowing money from or loaning money to a close friend or a family member. Fortunately, most of us can now avoid this awkward situation by making use of the fledgling peer to peer lending industry. When you borrow money [...]
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Prosper Marketplace Hints at Building Peer-to-Peer Lending Product for Student Loans

Peer-to-peer lending company, Prosper Marketplace, has hinted that it may build a peer-to-peer lending product targeted specifically at student loans, following in the footsteps of Fynanz and People Capital. During a recent interview session that Lending Socially had with Chris Larsen, CEO of Prosper Marketplace, Larsen commented that, “Over time we anticipate building a tailored [...]
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JetBlue Airways Welcomed as an Official Member of IATA (NASDAQ: JBLU)

JetBlue Airways is now officially able to observe their membership into the International Air Transport Association (IATA). This membership to the IATA will help to expand JetBlue’s global industry voice and also expand their partnership opportunities with other world class airlines, providing that their value based carrier meets the highest industry benchmarks. Recently, JetBlue Airways [...]
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Debt Consolidation Loans Becoming Increasing Popular on Peer-to-Peer Lending Marketplaces

Borrowers are turning to peer-to-peer lending companies, such as Prosper Marketplace and Lending Club, for debt consolidation loans more than every other type of loan request made, according to new data from Prosper Marketplace. Prosper has originated more than $190 million in peer-to-peer loans since the company was founded in 2006. A recent press release [...]
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Funding Circle Raises $1.1 Million to Build Social Lending Platform for Small Business Loans

Funding Circle, a U.K. based start-up, has raised $1.1 million worth of Series A circle to complete building its social lending platform for small business loans and plans on launching during Q2 of 2010. The service that Lending Circle plans on offering will allow individuals to lend small amounts of money to a wide range [...]