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HSBC Settles Botched Foreclosure For $249 million- JPM, BAC, C, GS, & MS

Northern, WI 1/20/2013 (wallstreetpr) –Two years after the Fed’s instructions to arrange individual case-studies for botched mortgages foreclosures at American mortgage firms HSBC Holdings Inc. (NYSE:HBC) has agreed to pay $249 million to settle customers’ foreclosure claims. US borrowers will be reimbursed by $96 million in cash and the rest in other mortgage benefits for […]

Now find people of your interest on Facebook through its new search tool- GOOG

Northern, WI 1/17/2013 (WallstreetPr) –The world’s most widely used social networking site, with over 1 billion users launched a new search tool aimed at providing its users with better services. Apart from this, the newly launched search tool is viewed as an alternative to already available services on LinkedIn Corp., Google Inc. (NASDAQ:GOOG)., and Yelp Inc. The […]

Credit card companies will not charge you on your first default- C, DFS

Northern, WI 1/12/2013 (WallstreetPr) –Credit Card issuers in a bid to woo their customers and reduce the default are planning to give one month extra which would mean customers won’t be charged with any penalty or interest if he or she defaults paying on time. Citigroup, Inc. (NYSE:C), Barclays and the Discover Financial Services (NYSE:DFS) are the […]

Best week for US stocks in last thirteen months- F, CAT, GM, BAC, & ROST

Northern, WI  1/6/2013 (Wallstreepr) –After the budget deal the U.S stocks have the best week in last thirteen months. This is reflected by the fact that the S&P 500 rose 1.7% on last week of December. It is really a political optimism that the deal was finalized by democratic lawmakers and republican on budget. The […]

GeoInvesting Correctly Predicts Longwei Petroleum Trading Halt, Shares Plunge 72%

Longwei Petroleum Investment Holding Limited (NYSE:LPH) shares nose­dived as much as 79% on Thursday and the stock was eventually halted after a harsh, bearish report made by GeoInvesting.com was published and syndicated onto popular financial portals around 9:55AM EST. Longwei Petroleum: The Most Brazen China Based U.S. Listed RTO , a 6,815 word report that augured […]

Investigation against Longwei Petroleum Investment Holding Ltd (NYSE:LPH) for violating federal security laws

In a major development Longwei Petroleum Investment Holding Ltd (NYSE:LPH) was accused of violating federal security laws related to purchase of securities by Glancy Binkow & Goldberg LLP. It further states that information disclosed by the company related to companies business and financials were false and it misleads investors. Longwei Petroleum is a wholesale distributor […]

JPMorgan Chase & Co.(NYSE:JPM) registers under Dodd-Frank Act as Swap-Dealer along with 65 Others– GS, BARC,AIG, MMC, BAC, C & DBK

The Dodd-Frank Act has recently registered JPMorgan Chase & Co.(NYSE:JPM), Goldman Sachs Group, Inc.(NYSE:GS) and Barclays PLC(LON:BARC) under swap-dealer divisions. They stand out as the first banks to register swap-dealer divisions with excellent collaterals, trading capacity and capital. Many well-known banks in U.S., U.K., France, Germany, Switzerland and Japan already marked their position in the […]

Nokia Lumia for as low $39- VZ, GOOG, RIMM, & AMZN

I have just written on a growth roadblock for the pharmaceuticals industry i.e. revenue depletion amid patent expirations. An almost similar roadblock is there for the highly volatile and hyper competitive Smartphone market i.e. revenue depletion with hefty consumer discounts to grab share away from competitors. Is it good investment strategy to spend more to […]

Retention Deal Worth $7.5 Million Bagged By Knight Capital Group Inc.(NYSE:KCG) CEO Joyce In Getco Agreement

Knight Capital Group Inc.(NYSE:KCG) chairman and chief executive director Thomas Joyce is ready to collect $7.5 million following a negotiated company takeover earlier this month. The retention amount will be collected by Mr. Joyce when Getco Holding Co acquires Knight Capital Group Inc.(NYSE:KCG). The Chicago based Getco Holding Co a high frequency trading firm which […]

Triple penalty for Marvell Technology Group Ltd. (NASDAQ:MRVL) for patent infringement

Marvell Technology Group Ltd.(NASDAQ:MRVL) was ordered to pay a penalty worth $1.17 billion by the United States Jury. The penalty might get three times the amount and is imposed due to Marvell Technology Group Ltd.(NASDAQ:MRVL) infringement over patents regarding integrated circuit technology originally held by Carnegie Mellon University. Marvell Technology Group Ltd.(NASDAQ:MRVL) specialized in making […]

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