The second investment bank that announced it earnings this year is no other than the US largest lender – Bank of America. Bank of America was just second after JP Morgan announced its 4th quarter earnings weeks ago. Bank of America Corporation today reported full-year 2009 net income of $6.3 billion, compared with net income [...]
The Financial Crisis Inquiry Commission (FCIC) is a ten-member commission appointed with goal of investigating the causes of the financial crisis of 2007–2010. The Commission was created by section 5 of the Fraud Enforcement and Recovery Act of 2009 (Public Law 111-21), signed into law by President Barack Obama on May 20, 2009 The Financial [...]
Chelsea Clinton (daughter of former President Bill Clinton) and boyfriend Marc Mezvinsky are engaged! Seems like a long and lasting love for the two as they were school sweethearts at Stanford University where they both met. Mezvinsky is the son Marjorie Margolies-Mezfinsky (former Pennyslvania Rep.) and Ed Mezvinsky (Iowa Rep.). He now works at Goldman [...]
Everyone is getting ready with the much awaited big discount sales in the country. Best and hottest deals and discounted prices for wide range of products like clothing, appliances, gadgets, cars, foods and travels will be rampant in few giant stores particularly in Walmart, Best Buy and Target. This is it, the Black Friday 2009 [...]
CIT Group, the 101-year old American commercial and finance company filed Chapter 11 Bankruptcy filing today. With $71 billion in assets and $64.9 billion in liabilities, CIT Group is the 5th largest Chapter 11 bankruptcy cases in US’ history. The bondholders of the company, the largest of which is the well known Carl Icahn, one [...]
I just read over at CNET Asia that Nokia will be offering financial services and mobile banking early next year. As Damian Koh reported, “This is based on US mobile payment solutions provider Obopay’s platform and will allow both Nokia and non-Nokia handset users who don’t have a bank account to carry out basic financial [...]
A new electric car has been unveiled by Tesla Motors. The details of the new Tesla Model X electric SUV car were revealed on Thursday, February 9, 2012,...
40-foot whale shark found from Arabian SeaA giant 40-foot whale shark found by fishermen in the Arabian Sea was brought into a harbor in Karachi, Pakistan using several cranes. The 40-foot whale...
Philippine Quake Death Toll Still IncreasesA 6.8 magnitude quake shook some islands of the Philippines which resulted to quite a number of death and casualties. More 24 hours after the quake and...
Super Bowl 2012: Now on the 2nd quarter in favor of the Giants!Oh Great! The Super Bowl 2012 is at its climax right now, even if we’re just on the 2nd quarter of the game. The NY Giants did a great performance...
Super Bowl 2012 – A rematch Patriots Vs GiantsIn just a couple of hours, it will be Super Bowl once again folks. Yeah, Super Bowl 2012 – Giants vs Patriots, Big Apple vs Beantown, Brady vs...
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