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New credit card rules and Laws are effective today, February 22, 2010. The credit card reform that was passed on the Congress called Truth in Lending Act which is only applied on the consumers’ credit. Credit Card Issuers won’t be able to increase the interest rates on existing balances as long as customers pay their [...]
Bloom box energy is the next generation power source envisioned by everyone – the reliable green energy source that can be placed at the very backyard of everyone’s home. Although the Bloom box – which was developed by Bloom Energy – has been under development for more than a decade by the said company but [...]
Avandia is a stand-alone anti-diabetes drug sold by the pharmaceutical company GlaxoSmithKline. Reports have suggested that this drug (rosiglitazone – the drug itself sold as Avandia) is associated with the significant increase in risks of heart attacks – but some disagreed. The controversy behind these drug used to be unresolved. Based on the claims made [...]
A lot of Bank of America customers and clients have been complaining about Bank of America’s website being down. According to them, the Bank of America Website has been down for several hours since morning. Why is Bank of America Down? Several reasons were pointed out by angry Bank of America customers. Some say that [...]
After announcing its earnings, it has been disclosed that premier investment Bank Goldman Sachs paid US$10 Billion worth of bonuses to its staffs and employees. Yesterday, US banking giant Goldman Sachs re-ignited the bonuses row of investment banks after revealing its staff shared a £10billion pot last year – a 50% leap. That means, 32,500 [...]
Larry Ellison, CEO of Oracle is happy to hear the approval by the European Union (EU) of the Oracle-Sun planned merger. It can be noted that on April 20, 2009, Sun and Oracle announced a definitive agreement under which Oracle will acquire Sun for $7.4 Billion. The proposed transaction is subject to Sun stockholder approval, [...]
JPMorgan Chase, the second largest US bank by assets reported its 4th Quarter earnings to finish off year 2009. The 4th Quarter earnings announcement of JP Morgan was a great news for Wall Street because it reported an amazing profit of more than quadrupled as most analysts estimated due to higher revenue investment-banking fees. JPMorgan is the first of the [...]
Financial Crisis Inquiry Commission – The Financial Crisis Inquiry Commission was duly created this day. This is also known as the bi-partisan 10-member commission created by Congress to investigate the causes of the financial collapse. It is mandated to create a special report by December 15th, 2010, and will be holding hearings year round. The [...]
Infosys Technologies Ltd., India’s second- largest software services provider, gained after posting quarterly profit that exceeded analysts’ estimates. Infosys’ stocks rose 2.4% after the earnings announcement. The company is the first company to report its earnings in Indian stock market after Alcoa reported its earnings in the US. Infosys’ net income fell 4.9 percent to 15.6 billion [...]
The Internal Revenue Service (IRS) announced late last year about an interesting back-to-school feature on its website called “Tax Benefit For Education” or the IRS Publication 970. This section of the IRS highlights a number of tax breaks intended to help parents and students pay for higher education. This publication explains tax benefits that maybe [...]
Aluminum giant Alcoa, Inc. (AA) recently reported its earnings with disappointing results. After stock markets closed today, Alcoa reported that it had a loss of $277 million US, or 28 cents a share, after including one-time restructuring and other charges, in the three months ending in December. The company also had a loss of $1.19 billion, or [...]
A contrarian investor by the name of James S. Chanos predicts and sees that China is headed for an economic crash. According to this investor, China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. In addition, billionaire investor Chanos said that China is in danger of producing huge [...]
Fantasia was rushed to a hospital in North Carolina for overdose of aspirin and insomnia drugs on Monday. She was overdose with drugs after she saw the court complaint from the wife of Antwaun Cook. Her manager, Brian Dickens, said that the drug overdose damage is not serious and she will be discharged from the [...]
Kelsey Grammer was seen spending time with a mystery blonde woman. The representative spokesman for Grammer claimed that the first name of the woman is Kate. Stan Rosenfield said that Grammer is happy to be with his new girlfriend. Rosenfield refused to provide further details. TMZ.com had published a video showing Grammer kissing together and [...]
Patricia Neal, the academy award winning actress had died after suffering from lung cancer complications. Neal had died on her sick bed in her home at Edgartown in Massachussets. The Patricia Neal Rehabilitation Center stated that the movie world had lost a very talented actress. The rehabilitation center helps to recover people who are suffering [...]
The reality star mom, Kate Gosselin said she plans to play an important role in the Emmy Awards night. Gosselin is not going to be the presenter at the show. However, she has confirmed that she will attend the telecast on the 29th August 2010. Eonline is the first to reveal the news to the [...]
Fantasia Barrino, the American Idol winner, is accused of having an affair with a married man. A woman from North Carolina filed a divorce against his husband Antwaun Cook in June. The North Carolina woman, Paula Cook claimed that her husband had recorded the sexual encounter with Barrino. She pointed out Barrino had treated her [...]
