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U.S.: BofA Bid To Void $1.27B Fraud Verdict Defies Common Sense

09/19/14 The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected. In a court filing on Thursday night, the U.S. ...Read More »

Obama Administration: 7.3 Million Who Picked Health Exchange Plans Paid Their Premiums

09/19/14 That number, which reflects the tally of people who obtained insurance via the health law, fell slightly from the estimated 8 million mark that was released in the spring. It means that at least 700,000 consumers who initially signed up for a health plan let it go. The New York Times: Health Care Act Still Covers 7.3 Million The Obama administration said Thursday that 7.3 million people who bought private health insurance under the Affordable Care Act had paid their premiums and were still enrolled. Marilyn B. Tavenner, the administrator of the Centers for Medicare and Medicaid Services, disclosed the latest count at a hearing of the House Committee on Oversight and Government Reform

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Weekly Market Wrap: September 19, 2014

09/19/14 The thirty eighth trading week of 2014 comes to a close with the S&P 500 and NASDAQ lower and the Dow Jones slightly higher in early afternoon trading today. Most actively traded stocks include the Alibaba (BABA) IPO, higher by 33%, Yahoo! (YHOO) lower by 4.35%, Rite Aid (RAD) down 1.94%, and Oracle (ORCL) lower by 4.65%. ...Read More »
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Friday Sector Laggards: Waste Management, Education & Training Services

09/19/14 In trading on Friday, waste management shares were relative laggards, down on the day by about 3.9%. Helping drag down the group were shares of Quest Resource Holding (QRHC), off about 49.1% and shares of Swisher Hygiene (SWSH) down about 2.2% on the day. ...Read More »

Rivals Dash To Support Apple Pay For Fear Of Losing Out

09/19/14 In the hype-fueled technology industry, "revolutionary" is a word in danger of losing its meaning. But Apple's new mobile payments system, unveiled just ten days ago - is already winning over the heavyweights of the financial industry and signaling the likely demise of lesser payment alternatives. Its secret? Apple Pay preserves many existing relationships while inserting a new dominant player - itself - as kingmaker. Its potential audience? The 800 million Apple users who have already connected credit and debit cards to iTunes accounts. Big brand retailers have also signed up and now major banks are racing to out-do on another in promoting the service to customers, hoping to win the lion's share of their spending and the lucrative transaction business that comes with that.

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U.S. Judge Orders Discovery To Begin In Some GM Ignition Switch Cases

09/19/14 A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co (GM.N) in connection with its recall of millions of cars for a faulty ignition switch. U.S. District Judge Jesse Furman in the Southern District of New York said plaintiffs could begin requesting documents from the company related to accidents, injuries and lost vehicle value linked to the switch that allegedly occurred after GM emerged from bankruptcy in 2009.

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Telesphere Honored as One of the State's Top 50 Largest Private Companies at Arizona Corporate Excellence Awards Night

09/19/14 SCOTTSDALE, Ariz., Sept. 19, 2014 (GLOBE NEWSWIRE) -- , the nation's leading provider of fully hosted VoIP and unified cloud communications services for businesses, today announced that it has ... ...Read More »

Dow Movers: INTC, HD

09/19/14 In early trading on Friday, shares of Home Depot (HD) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. Year to date, Home Depot registers a 13.6% gain. ...Read More »

U.S. Silica Sees Sand Demand Piling Up As Fracking Goes Super-sized

09/19/14 Sand miner U.S. Silica Holdings said demand could triple over the next five years as energy companies use increasing amounts of sand in hydraulic fracturing to extract more oil and gas from shale fields. Sand along with water and chemicals is blasted into wells to crack rock and release crude oil and natural gas in hydraulic fracturing, a drilling method that has unleashed a production surge in North America. U.S. Silica sold about 8.2 million tons of sand in 2013. Half of this went to energy companies. The company, whose revenue has doubled over the last four years, expects its sand volumes to grow 30 to 35 percent this year.

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Revolutionary Concepts Sets New Q2 Record, Announces Its Net Income Jumps 211.34%, Sees Strong Future Growth

09/19/14 CHARLOTTE, N.C., Sept. 19, 2014 (GLOBE NEWSWIRE) -- Revolutionary Concepts Inc., (OTCPINK:REVO), a publicly traded company that develops mobile video software and remote security communication systems, filed its Quarterly Report on Form 10-Q for its second quarter ended June 30, 2014 with the Securities and Exchange Commission. The Results of Operations was excerpted from the Form 10-Q Report. ... ...Read More »

MarketWatch - September 19, 2014

09/19/14 Strong economic news and lower than expected unemployment figures from the Labor Department sent the both the S&P 500 and Dow Jones into record territory yesterday. ...Read More »

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