Last week a set of computer hackers tapped into the NASDAQ system and caused a wide spread panic. The idea that anyone could gain access to the financial information contained within the NASDAQ system was stunning to many and downright scary to many others. But the system told reporters today that the hackers did not [...]
The trustee representing the victims in the Bernie Madoff case has set his sights on JP Morgan Chase (NYSE:JPM) after announcing that the bank was well versed in the scam that Madoff was using to bilk billions from his clients. According to the trustee, Irving Picard, Chase knew full well what was going on with [...]
The new hit for Verizon, the Apple iPhone, has been a strong seller for the largest wireless network already. This was expected as it ended the long held idea that AT&T would be the only company to carry the popular smart phones. However, AT&T has been dealing with a lot of issues of late and [...]
If you do not recognize the name Stanley Ho don’t feel bad. Not many people do. However, if you lived in Hong Kong then you would know his name and face better than just about anyone else. Ho is a billionaire several times over. He is one of the richest men in Hong Kong and [...]
The brand name Sara Lee (NYSE:SLE) has been on many lips over the past several weeks. The company announced last year that they would be seeking buyers for the company. However, they have received a lot of offers in a year’s time and they have managed to reject each and every one of them. Now [...]
Netflix (NASDAQ:NFLX), the largest movie rental company in the world, said that they are enjoying the recent surge in stock prices and profits but they are also planning to move forward with a plan that was conceived last year. The company plans to go social with some new ideas on increasing customer counts with the [...]
Google stunned Wall Street last week when they announced that Eric Schmidt, CEO since 2001, would be leaving the company and turning over the helm to Larry Page, one of the young co-founders of the search engine giant. The investors started a fear based sell off of the shares in the company thinking that the [...]
After a year long federal investigation, several banks have been found to be in violation of federal laws regarding mortgages provided to active duty military personnel. This morning JP Morgan Chase admitted that they have made several mistakes on the loans that were provided to soldiers. They also said that they would start making amends [...]
Just a year ago LivingSocial was nothing more than a simple startup website that had big dreams. They were not breaking any records when it came to income or the like, but they were managing to hold their own in a market that was dominated by Groupon. But things changed last year when Amazon announced [...]
Groupon, the hottest daily deals and local advertising site on the web, announced today that they will be launching an IPO sometime this year. This comes after the company announced that they have just completed a $950 million funding push through private investment. The financials for the company were announced at the same time and [...]
