Headline News
Interest Rates
Bernanke Outlines Plan For Pulling Stimulus Aid
Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy, saying the Fed will likely start to tighten credit by boosting the interest rate it pays banks on money they leave at the central bank.
This strategy would raise rates tied to commercial banks' prime rate and affect many consumer loans. Companies and ordinary Americans would pay more to borrow.
Feb 10 · 11:37:00 AM
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by Larry Etter
Apple (AAPL)
Apple Releases Aperture 3
Apple® today introduced Aperture™ 3, the next major release of its powerful photo editing and management software, with over 200 new features including Faces, Places and Brushes.
This builds on the Faces and Places features introduced in iPhoto® ’09
Feb 10 · 11:29:00 AM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM Launches Academic Cloud
IBM today announced it will make key parts of its software portfolio available in a cloud computing environment to more easily allow professors around the world to incorporate technology into their curricula. IBM brought together more than 200 academic and industry leaders at the conference to explore how best to integrate technology into all aspects of a college education.
IBM is working initially with 20 colleges and universities across the United States to help them use a new Academic Skills Cloud and will add additional schools over time.
Feb 10 · 11:19:00 AM · Source: Company Press Release
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by Larry Etter
Bank of America (BAC)
B of A Announces Global Capital Markets Leaders
Bank of America Merrill Lynch today announced that Alastair Borthwick and Lisa Carnoy have been named co-heads of the company's Global Capital Markets business. This move follows the recent announcement that Bruce Thompson, former head of Global Capital Markets, has been appointed chief risk officer for Bank of America.
Feb 10 · 10:58:00 AM · Source: Company Press Release
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by Larry Etter
Air Products (APD)
Air Products Offers to Acquire Airgas for $60.00
Air Products announced that it has made an offer to acquire Airgas, Inc. for $60.00 per share in cash.
At $60.00 per share, the offer provides a 38% premium to Airgas shareholders based on yesterday's closing price of $43.53 and is 18% above Airgas' 52-week high.
Feb 9 · 3:53:00 PM · Source: Reuters · Related: Airgas
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by Michael Oliveto
EU
Germany May Be Working on Greece Aid Package
Germany is considering what it could contribute to a European Union contingency plan to provide financial backing for Greece, the Wall Street Journal reported today. The preparations, a source said, come two days before an informal summit planned by the EU in Brussels. Separately, German Finance Ministry Spokesman Michael Offer said summit attendees would work on further steps to help Greece shore up public finances and restore calm in financial markets.
Feb 9 · 3:03:00 PM
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by Larry Etter
Abbott Labs (ABT)
Abbott's New Cancer Test
A new diagnostic tool physicians can use to monitor patients for the most common form of ovarian cancer may soon be available in the United States. Abbott’s ARCHITECT HE4 assay uses a simple blood test to help in monitoring for the recurrence or progression of epithelial ovarian cancer. If approved, this important immunoassay would be the first automated HE4 test available in the United States.
"The ability to monitor the recurrence or progression of ovarian cancer is a critical part of patient care. The ARCHITECT HE4 assay has the potential to be a powerful tool for both physicians and patients in the management of the disease," said Michael Warmuth, senior vice president, diagnostics, Abbott.
Feb 9 · 2:36:00 PM · Source: Company Press Release
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by Rich Pike
Boeing (BA)
Boeing 747-8 Freighter Successfully Completes Firs
The Boeing 747-8 Freighter successfully took to the sky for the first time today before more than 5,000 employees, customers, suppliers and community leaders.
The flight begins a test program for the world's most efficient freighter.
Feb 9 · 2:24:00 PM · Source: Company Press Release
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by Michael Oliveto
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