Bank of America (NYSE:BAC) is trading higher after-hours after reporting that it has reached a settlement with the Federal Housing Finance Agency (FHFA) resolving four lawsuits FHFA filed against Bank of America, Countrywide, and Merrill Lynch entities beginning in September 2011, alleging they falsely represented that the underlying mortgage loans complied with certain standards. Per…
3D printing technology is shaping up to be the next big thing; akin to the mass development and utilization of mp3 files and the rapid decline of the compact disc. Not only is it a very attractive form of so-called additive manufacturing – trade shows and boardroom meetings frequently bank on the visual impressions the…
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or the “Company”), (TSX VENTURE:AMY) (PINKSHEETS:AMYZF)(FRANKFURT:2AM), says that: “The recent (February 26, 2014) announcement by Tesla Motors Inc (NASDAQ:TSLA) of the imminent construction of a Lithium Ion Battery Gigafactory has raised the bar for electric vehicle production.” Initial production from the…
Tesla Motors Inc (NASDAQ:TSLA) and Facebook (NASDAQ:FB) – became radioactive on Monday as “high beta” stocks appeared no more trendy than leisure suits. Although the major tech sector ETFs made relatively moderate declines (as seen at the conclusion of this piece), the “momentum” stocks had a major distribution day, dragging the Nasdaq lower. Tesla Motors…
J.C. Penney Company, Inc. (NYSE:JCP)’s sales pricing troubles begun back in 2012, when its CEO Ron Johnson promised to eliminate fake prices in the industry. The latest revelation if proven to be true could dent the company’s image with consumers, considering it has been trying to find its way in the market after years of…
Sirius XM Holdings Inc (NASDAQ:SIRI) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, Stock Ratings News reports. The firm currently has a $4.00 target price on the stock. Barclays’ price target points to a potential upside of 26.18% from the…
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