Archive for July, 2010

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Peer to Peer Lending Site Lending Club Marks Three Year Anniversary

Peer to Peer Lending Company Lending Club has recently passed its three year anniversary and is now issuing more than $10 million in loans per month to borrowers through Prime Consumer Notes which are funded by Lending Club investors. “Lending Club creates a shorter path between the source of capital (investors) and the use of [...]
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How to Get the “Audiblepodcast.com/Dave” Offer for Dave Ramsey Show Listeners

Audible, a service which offers downloadable audio books to consumers, has recently began a radio campaign on the Dave Ramsey Show in which listeners can receive a free audio book and thirty days of free service with the following url: audiblepodcast.com/dave. Users that take advantage of the offer will receive a 14 day free subscription to [...]
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Is Apple (NYSE: AAPL) Ready for Competition?

Apple (NYSE: AAPL) had better be ready because competition for the iPad is in the works. According to a Bloomberg news report, seen here RIM who makes the BlackBerry will be releasing a device in answer to the iPad as soon as this coming November. It appears that the name of the new device will [...]
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Home Loan Modification Cancelled for Some JP Morgan Chase (NYSE: JPM) Customers

As many families are still seeking assistance through the Make Home Affordable trial modification program, customers of JP Morgan Chase (NYSE: JPM) have been complaining about the unfair cancellation of their trial modifications. Homeowners who have been disqualified believe they had their modifications canceled because the lender isn’t interested in helping homeowners find more reasonable [...]
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Kraft Foods [NYSE:KFT] Changing Recipe of Its Famous Crackers

Kraft Foods (NYSE:KFT) has recently announced that they will increase the whole grain content of their Nabisco brand crackers. In addition to beefing up the amount of grains, Kraft Foods has demonstrated its commitment to a healthy lifestyle by reducing sodium in its crackers and other items its North American products. The addition of grains to [...]
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Walmart (NYSE: WMT) Targeted in BPA Health Concerns

Next time you head to a check out counter and the cashier hands over your receipt, you might want to think twice about the affect it can have on your health. As a society we have been conscience of using recycled materials and companies are proud to admit when they do use eco-friendly products. However, [...]
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Citigroup (NYSE: C) to Pay $75 Million in Settlement of Subprime Mortgages

Citigroup (NYSE: C) agreed today to pay out a settlement of $75 million to deal with federal claims the company failed to disclose the holdings of subprime mortgage investments which were declining during the rocky financial crisis. The issue at hand is what eventually disabled the bank. In 2007, Citigroup began to suffer losses that led [...]
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Prudential Insurance Investigated for Fraud Against Veterans

Prudential Insurance Company of America has been named in a lawsuit which claims the company was collecting 5.69% interest on veterans’ life insurance policies and paying out only 1% to actual beneficiaries. The lawsuit was filed earlier today in a US District Court in Massachusetts. The lawsuit is seeking class action status and was brought [...]
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Walmart [NYSE:WMT] to Imbed RFID Tags on Clothes Beginning August 1

Walmart [NYSE:WMT] maintains imbedding the electronic identification tags is strictly to improve inventory management. Some critics point out that putting the tags on merchandise fringes on a violation of privacy. Beginning August 1, 2010, clothing will be imbedded with a radio frequency identification (RFID) tag. The tags can be read with a hand-held scanner which will assist employees [...]
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Citibank (NYSE: C) Identifies Security Flaw in iPhone App

Citibank (NYSE:C) understands the importance of protecting sensitive banking information. That is one reason that Citibank has admitted to security breaches in the iPhone app. Admitting that there is a breach that could allow sensitive information to be stolen by enterprising hackers is a big step, but who is responsible? Is it the Citibank security or the [...]
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Toyota [NYSE:TM] Issuing a Recall – Again

Toyota Motor Corp [NYSE:TM] has identified that results in 412,000 cars with steering problems being recalled. The company is recalling 372,000 of their 2000-2004 Avalon vehicles due to a problem with the steering lock bar. “If the vehicle while being driven is steered to the right with sufficient lateral acceleration, a broken and loose lock bar may move [...]
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Amazon (NASDAQ:AMZN) Launching Wireless Kindle to Fend Off iPad

As Apple Inc’s (NYSE: AAPL)  iPad gains ground in the electronic reader market Amazon (NASDAQ:AMZN) bets their new release of their $139 wireless-only Kindle Wi-Fi will pull in new readers. Rather than relying on cell phone 3G for connections, the new wireless model will depend on connections via internet wi-fi. The trend continues to show [...]
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Sears (NASDAQ: SHLD) To Offer Fashion Destination For Young Shoppers

Now + Here, the latest creation of Sears (NASDAQ: SHLD) has been launched. The new department will be featured at locations nationwide starting in August and will be located at the mall entrance to Sears stores. Now + Here is offering the latest trends in fashion geared to juniors and young men. At its opening, [...]
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Bank Of America (NYSE: BAC) Corp Giving $10 Million in Grants To Help Small Businesses

Very few would argue that small businesses drive our economy, and yet many of them are struggling as they are unable to get the funds they need to operate. A move by Bank of America could help small businesses throughout the country. Bank of America plans to announce that their company will be giving $10 [...]
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Comcast Rate Increase Just Around The Corner (NYSE: CMCSK)

Comcast customers across the nation are bracing for yet another rate increase, some for the second time this year, according to press releases across the country. In a time when everyone is working to reduce expenses, an announcement of increased cost is never a good sign. While most consumers can understand the cost of doing [...]
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Cable Line Up Changes in Store for NY Time Warner Cable Customers

Time Warner Cable is once again changing their lineup for customers across the state of NY. The changes are being made as the company looks to the future and its plans to offer more enhanced services. While many customers will not be affected by the change, those without digital ready sets and digital cable boxes [...]
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Time Warner (NYSE: TWX) Cable Customers In Hawaii Get Their Service Back

Around 400,000 customers in Hawaii lost their cable connections including cable TV and internet phone. Oceantic Time Warner (NYSE: TWX) Cable company customers lost service when and underwater cable was cut in the very early hours on Tuesday morning. The underwater cable is expected to take weeks to fix as Time Warner waits for a [...]
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Time Warner (NYSE:TWX) and Disney (NYSE: DIS) Going To Battle

Time Warner (NYSE: TWX) and Disney (NYSE: DIS) have started negotiations and need to come to an agreement before the deadline of September 2nd. If they cannot come to terms Time Warner will no longer be carrying ESPN channels and some network affiliate ABC channels including ABC7 in New York (WABC -TV), ABC7 in Los [...]
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Seventh Generation and Walmart Announce Partnership (NYSE: WMT)

Seventh Generation is the leading brand of non-toxic and environmentally friendly household products in the United States. They are partnering with Walmart to help make environmentally friendly living and sustainable living more accessible to consumers nationwide by having their products available at more than 1,500 Walmart stores and also on Walmart.com Seventh Generation has been [...]
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Gifting Kindle E-Books From Amazon Not An Option (NASDAQ: AMZN)

Amazon has a growing popularity of their Kindle e-reader and mobile apps. This is likely due to their recent price cut of the device from $259 to $189 (on their smaller model). The company even claims that they sell more Kindle e-books than printed hardcover books. However, the Kindle e-books still sell far less copies [...]
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Google’s Influence on Web Policy Feared (NASDAQ: GOOG)

The new Internet Policy governing high speed Internet is being prepared for the White House by federal officials. Andrew McLaughlin built Google’s public policy operation and also helped craft their government lobbying strategy. Now that he is working for the White House, Google rivals are saying this is bias and fear what will be implemented [...]
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AT&T Expands Network by Adding 900,000 Connected Devices (NYSE: T)

AT&T announced on July 23, 2010 in a press release that almost 3.4 million connected devices have been added to their network in the past three quarters. Almost 900,000 of the connected devices came in the second quarter alone. The total number of devices connected on the AT&T network (including consumer devices and machine to [...]
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Google (NASDAQ:GOOG) Questioned Over Private Data Collection

An ongoing investigation that involves 37 states places Google (NASDAQ: GOOG) in the direct line of questioning in regards to a collection of personal consumer data that was gathered for the intended purposes of Google map software. The Connecticut attorney general, Richard Blumenthal is taking the lead on an investigation backed by 37 other states [...]
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Bristol-Myers Squibb Company (NYSE:BMY) Reduces Cost While Increasing Sales on HIV Treatments

According to the second quarter earnings reports for Bristol-Myers Squibb Company, (NYSE:BMY) the well known New York City based global biopharmaceutical company has succeeded in increasing sales for Plavix and other such treatments for HIV and hepatitis, while at the same time reducing the cost of many of these medicines.  These figure that show the [...]
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Victoria’s Secret Bed Bug Infestation (NYSE: LTD)

Victoria’s Secret is an upscale lingerie so it came to a surprise when the Victoria’s Secret store on Lexington Avenue and East 58th Street in Manhattan was closed and treated for bed bugs. A spokeswoman for Victoria’s Secret parent company said that only a small and isolated area of the Lenox Hill store was affected [...]
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Ford (NYSE:F) Offering Gas & Hybrid Vehicles at Same Sticker Price

If it hasn’t been easy ‘being green’, Ford Motor Company (NYSE:F) of Dearborn, Michigan just made it easier. Ford has decided to offer their hybrid car, Lincoln MKZ, for the same price as the same model gas-powered vehicle. They have taken a bold step to be the first US manufacturer to offer hybrid and conventional [...]
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BP (NASDAQ:BP) CEO Not Leaving After All

Tony Hayward, CEO of the infamous BP (NASDAQ: BP) is not leaving after reports have been circulated that he was retiring from his post. Hayward, 53, has been at the center of the controversial oil leak that has been spewing massive amounts into the Gulf of Mexico. Denying any reports, a BP spokesperson identified that [...]