Press Releases

No More Overdrafts from Bank of America (BAC, C)

Posted on 03/10/10 at 10:54am
In hopes of preempting new credit card regulations, Bank of America (NYSE: BAC) announced that it will change the way debit cards operate with overdrafts. Previously, if a customer tried to make a debit card purchase greater than what is in their account, the transaction would be processed and a $35 overdraft fee would be assessed.
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eTrade Gets Sued - Is Lohan the Milkaholic? (ETFC)

Posted on 03/09/10 at 2:14pm
Who doesn't love the eTrade (NASDAQ: ETFC) ads with the investing savvy toddlers? According to Nassau County Supreme Court, Lindsay Lohan.
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Download Every Movie Ever Made in 4 Minutes (CSCO)

Posted on 03/09/10 at 1:29pm
Can you really download the entire volume of movies ever produced in the time it takes to eat a bowl of cereal? That's what was promised this morning by Cisco System Inc. (NASDAQ: CSCO) in their press conference releasing new carrier routing system technology to be released as early as Q3 2010.
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Q & A From Cisco Press Release

Posted on 03/09/10 at 1:11pm
Here's the closing question and answer session from Cisco Systems Inc's (NASDAQ: CSCO) morning press conference: Q: Why doesn't Cisco just get into being an internet service provider? A: "We don't have interest in consumer devices" Q: How will this new access change life for the consumer?
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Cisco To Go From Technology "Plumber" to Business Partner

Posted on 03/09/10 at 12:55pm
The Cisco Systems Inc. (NASDAQ: CSCO) press release is in its final stages of Q & A, and we are left with the following take away: Cisco is remodeling its business structure to go from a "plumber" for service providers to a business and technology partner
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Cisco to "Change the Internet Forever"

Posted on 03/09/10 at 12:29pm
Cisco Systems Inc. (NASDAQ: CSCO) executives are in the process of releasing information which they have purported will "change the internet forever." They are rolling out a new server, CRS-3, which delivers 322 Terabytes per second. This is, according to Cisco, 12 times faster than their nearest competitor.
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ADP Reports 20,000 Jobs Lost (USO, ADP)

Posted on 03/03/10 at 9:54am
Employment numbers released this morning by ADP (NASDAQ: ADP) report private sector job losses of 20,000 in February. This was the lowest reported jobs loss since 22,000 jobs were added in January of 2008.
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AIG Soars in Pre-Market Trading (AIG)

Posted on 03/01/10 at 10:26am
American International Group (NYSE: AIG) is up almost 14% in pre-market trading on news it will be selling its Asian life insurance business. Prudential PLC of Britain will be acquiring the insurance giant’s Asian business for an estimated $35.5 billion.
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Salix Pharma Shoots Higher In After Hours (SLXP)

Posted on 02/23/10 at 6:01pm
Salix Pharmaceuticals, Ltd. (Nasdaq: SLXP) is skyrocketing up 15.88% in after hours trading after the FDA panel recommend Salix's drug for brain damage. Salix Pharmaceutical's drug Xifaxan was recommended to be approved for the treatment of brain damage caused by liver failure.
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Unemployment 9.7%...I Don't Think So.!!!

Posted on 02/05/10 at 12:03pm
The drop in unemployment is just another shell game the government is playing with the American public. The 9.7% unemployment rate just means that there are less people collecting unemployment benefits. I would say conservatively the real jobless rate is more than double. With companies eliminating jobs and laying people off at a breakneck pace, how can the jobless rate go down?
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