Archive for November, 2010
Judge Dismisses Majority of Shareholder Lawsuit against Citigroup, Inc (NYSE: C)
Citigroup, Inc (NYSE: C) won the dismissal of most of the claims against a shareholder lawsuit alleging that the bank had lied about its exposure to collateralized debt obligations and other non-performing assets. Federal District Judge Sidney H. Stein dismissed a variety of claims made in a 536 page complaint against the bank, saying that [...]
Amazon (NASDAQ: AMZN) Now Lets Users Send Gift Cards Via Facebook
Just in time for the holiday season, Amazon.com, Inc. announced a brand new method of allowing users to send Amazon.com Gift Cards to their friends on Facebook. According to Amazon.com’s press release, Amazon.com customers are now able to connect to their Facebook account on Amazon.com and create a personalized electronic gift card that will be [...]
Ford Motor Co. (NYSE: F) to Make Major Investment in French Plant
Ford Motor Co. (NYSE: F) plans to make what it calls a “very substantial investment” in an automobile plant near Bordeaux, France. The company’s European head Stephen Odell said that the Dearborn, MI-based automaker is in negotiations to take full ownership of the plant and hopes to the sole owner of the plant by the [...]
Wal-Mart (NYSE: WMT) Cuts Toy Prices to Compete with Target (NYSE: TGT)
Wal-Mart Stores Inc. (NYSE: WMT) and Target (NYSE: TGT) are taking competing fiercely to win the scarce dollars being spent by holiday shoppers. Wal-Mart is cutting its prices in order to prevent Target from becoming the low cost leader during the Christmas shopping season, but Target isn’t out of the game yet. Wal-Mart had previously [...]
JPMorgan Chase & Co. (NYSE: JPM) Faces Foreclosure Fraud Class Action Lawsuit
JPMorgan Chase & Co. (NYSE: JPM) is potentially facing two class-action lawsuits alleging that the bank engaged in foreclosure fraud, the bank revealed in a regulatory filing to the U.S. Securities and Exchange Commission on Tuesday. The two suits were filed against Washington Mutual, which was purchased by JPMorgan Chase & Co. (NYSE: JPM), and [...]
Getting Out of Debt: What Method is Best
If you are trying to get out from under a pile of debt, you’re not alone. A lot of consumers have taken a closer look at their financial situation as a result of the recession and decided that it’s time to get out of debt to reduce the amount of risk in their life and [...]
Amazon.com (NASDAQ: AMZN) to Buy Soap.com, Diapers.com
Amazon.com (NASDAQ: AMZN) will purchase the company behind shopping sites Diapers.com and Soap.com for $500 million, the online retail giant announced on Monday. The retail giant said that it hopes to sell more household items that need to be purchased on a regular basis. The purchase will give Amazon a base of repeat customers that [...]
Google (NASDAQ: GOOG) To Limit Access To GMail Contact Information
Google has recently decided that GMail contacts will not be automatically given to other websites and services, such as social networking sites like Facebook. Instead, Google will now only share their user’s information if the site that wants access also provides them with reciprocal data feeds. This new policy switch for Google was mainly aimed [...]
Google (NASDAQ: GOOG) Giving Free In-Flight Wi-Fi This Christmas
Google (NASDAQ: GOOG)’s Chrome browser team is giving holiday travelers free inflight Wi-Fi on Virgin America, Delta and AirTran fights to all flyers from November 20th through January 2nd, 2011. The search giant as partnered with mobile boardband service provider Aircell to offer free Wi-FI which normally charges $11.00 for 24 hours of access for [...]
McDonald’s (NYSE: MCD) One of Many Major Brands Joining Facebook Deals
Facebook continues to grow in popularity with hundreds of millions of individuals logging onto the social media site daily. Businesses both big and small are wise to take advantage of this one stop location to reach a huge percentage of their customer base. As such, major brands are utilizing the website’s popularity by participating in [...]
Apple (NASDAQ: AAPL) CEO Steve Jobs Comments on Xserve Discontinuation
Apple (NASDAQ: AAPL) CEO Steve Jobs commented on the discontinuation of the company’s server line in an email, saying that low sales of the devices contributed to the discontinuation of the product line. Steve Jobs said that “hardly anyone” was buying the Xserve servers in one of his trademark emails to a user that pressed [...]
Audio Books Free: Get a Free Audiobook from Audible.com
If you want to get started listening to audio books for free and don’t want to put up cash to start listening, consider taking advantage of Audible.com’s “audio books free” offer in which users can get a free audiobook and 14 days of free service. If you were a fan of listening to audiobooks on [...]
Bank of America (NYSE: BAC) May Pay Bonuses to Employees in Stock
Bank of America (NYSE: BAC) may be forced to pay some of its bonuses to employees in stock as a result of a end-of-the year shortfall in common equity. The New York-based bank disclosed in a filing with the Securities and Exchange Commission on Friday that it is about $1.1 billion short in after-tax equity [...]
SEC Investigating Citigroup (NYSE: C)’s Debt Funds
The U.S. Securities and Exchange Commission has reportedly probed certain Citigroup (NYSE: C) debt funds to determine whether or not the New York-based bank provided adequate disclosure to investors about the risk levels related to the funds, reported the Wall Street Journal on Monday. The report said that the SEC has subpoenaed Citigroup’s former brokers [...]
Bank of America and Citigroup May Trade RIM Blackberry Devices for the iPhone (C, BAC, AAPL, RIMM)
Bank of America Corp (NYSE: BAC) and Citigroup, Inc (NYSE: C) may move their employees to Apple (NASDAQ: AAPL) iPhone devices and away from Blackberry devices produced by Research in Motion (NASDAQ: RIMM) as Apple’s platform gains wider support from the business world. A number of sources, including eWeek, have reported that anonymous sources have [...]
Microsoft Corp (NASDAQ: MSFT) Kinect Reportedly Hacked
When Microsoft Corp (NASDAQ: MSFT) released its new Kinect gaming device last week, a $2,000 bounty was placed for anyone that could unlock the device for use on other hardware than the Xbox 360. According to a report from PC Magazine, it appears that award may have already been won. The official challenge was made [...]
Ford Motor Co. (NYSE: F) Stock Hits Six-Year High, GM Files IPO
Ford Motor Co. (NYSE: F)’s publicly traded stock has hit a new six-year high during trading on Thursday after the Dearborn, MI-based automaker reported that it sales have outperformed competitors GM and Chrysler. Ford reported that its auto sales rose by 21% year to date, compared with a rise of 11% for the rest of [...]
Apple (NASDAQ: AAPL) Gives 50 Apps “Hall of Fame” Status
Apple (NASDAQ: AAPL) has launched a new App Store “Hall of Fame” which recognize fifty applications that are considered by the Cupertino-based company to be best in class. The new section of the “App Store” was launched with little fan-fare. There was no official announcement, just a new link to the list of fifty featured [...]
Citigroup, Inc (NYSE: C) Sued by Investors over Toxic Mortgage Bonds
Citigroup, Inc (NYSE: C) is being sued by a number of major investors which purchased the bank’s toxic mortgage crisis before the onset of the financial crisis. Charles Schwab (NASDAQ: SCHW) Corp, Cambridge Place Investment Management, the Federal Home Loan Banks of Chicago and Indianapolis and a number of other investors have brought suits against [...]
Grab a Free Audiobook with Audible.com’s “Audiblepodcast.com/Kunstler” Deal
If you’re interested in comedy podcasts such as KunstlerCast, you can take advantage of a great deal on comedy audiobooks (and all audiobooks for that matter) from Audible.com. New listeners that take advantage of “Audiblepodcast.com/Kunstler” deal will get one free audio book, including New York Times best sellers. Audible is offering a free 14-day trial [...]
Audio Books Online: Get a Free Audiobook from Audible.com
If you were a fan of listening to audiobooks on cassettes or CDs and want to start listening to audio books online, consider checking out a service called Audible.com, the world’s premier service to get audiobooks online. If you’re interested in giving Audible a try, you can even get a free audio book for trying [...]
Lending Club Offering $100 Bonus to New Investors
Lending Club, a company which operates a peer to peer lending market place, is offering a bonus of up to $2,500 for new investors that sign-up on its website. The deal, effective November 2nd, will give a 4% cash back bonus on new investors that put up to $2500 into their Lending Club account and [...]
Lawsuit Accuses Apple (NASDAQ: AAPL) of Slowing Older iPhones with Upgrades
Last week, a class action lawsuit was filed in California which alleges that Apple engaged in “unsavory, dishonest and deceptive business practices” when they offered their iOS 4 update to the iPhone 3G users, even when they knew that it would render most of the devices unusable after this update. The class action lawsuit was [...]
AT&T (NYSE: T) Announces ForHealth Practice
AT&T announced a new “practice area and portfolio of specialized services that will harness innovative technology to help improve patient care and reduce medical costs nationwide.” This new practice area is called AT&T ForHealth and will speed up the delivery of innovative wireless, networked, and cloud-based solutions for the healthcare industry. Some examples of the [...]
Wells Fargo (NYSE: WFC) Tops SBA List of Top Lenders With A $59 Million Loan To California Small Businesses
Recently Wells Fargo (NYSE: WFC) announced that it had been named the top SBA 7(a) lender for Los Angeles County, California. This marks the second consecutive year that the company issued loans to small business owner, generating both numbers and units. During the 2010 federal fiscal year (which ended back on September 30th) Wells Fargo [...]
Microsoft (NASDAQ: MSFT) Attempting Silverlight Damage Control
This week there have been a number of announcements coming from Microsoft (NASDAQ: MSFT) execs trying to answer questions regarding the company’s commitment to the Silverlight rich web application platform. This barrage was issued to offer assurances following another executive’s comments calling the future of Silverlight into question. For instance, S. Somasegar, senior VP for [...]
What’s Up With The Google (NASDAQ: GOOG) Chrome-Powered Netbook?
In announcements made more than a year ago, Google (NASDAQ: GOOG) presented plans to help in the launch of new generation netbooks, created specifically to run web-based applications using the Google Chrome operating system. The big question now is – what happened to these plans? Recently a report issued by DigiTimes, a Taiwan-based business, has [...]
This was a great article. I was just trying to figure out how my family could set up a budget ...
I find that I can nickle and dime myself to death! 
The other benefits of carpet cleaning are closely related with
aesthetics. Cleaning the carpet regularly maintains its form and beauty. Dirt,
sand ...