Tag Archives: Bank of America
Anonymous Hackers Release Leaked Bank of America E-Mails
Anonymous, a group of hackers that strongly believe in government and corporate transparency, has gotten their hands on some private e-mails from Bank of America Corporation (NYSE:BAC). Anonymous got their hands on the documents from a former Bank of America employee. The e-mails date back to November 2010 and are written by employees of Balboa Insurance, the insurance division of Bank of America. The e-mails discuss removing loan files from a large group of insured properties.
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Categories Bank of America
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Private Contractors Suggest Protecting Bank of America From WikiLeaks By “Neutralizing” Journalist Glenn Greenwald
Matt Yglesias published an article that about a “consortium of national security contractors” that has a strategy for protecting Bank of America from WikiLeaks. One of the ideas includes “pressing a journalist in order to disrupt his support of the organization, cyber attacks, disinformation, and other potential proactive tactics.” That journalist is Glenn Greenwald, a lawyer and blogger for Salon.com. Greenwald also contributes to The L.A. Times, The American Conservative, and The National Interest. The proposal to “neutralize” Greenwald was developed by Palantir Technologies, HBGary Federal, and Berico Technologies.
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Skullcandy Files For An IPO
Skullcandy, Inc. has filed a Form S-1 with the SEC, which means that they want to have an initial public offering (IPO) of their common stock. The price and number of shares are not yet known. BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers for the IPO. Skullcandy primarily sells headphones and other audio accessories.
Categories Bank of America, Merrill Lynch, Morgan Stanley, Skullcandy
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Adknowledge Raises $200 Million In Debt and Equity Financing
Adknowledge is an advertising network that has raised $200 million in debt and equity financing. Adknowledge is planning to acquire other ad companies with the additional cash. Adknowledge acquired eight companies so far in the last 3 years. JMI Equity led the equity investment and Bank of America handled the debt financing. Adknowledge made $300 million in revenues in 2010. The company is now focusing on placing ads in social networks, casual gaming, e-mail, mobile devices, and on “domain inventory.”
Categories Adknowledge, Bank of America, JMI Equity
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Gregory Sanchez Attempts To Rob Bank Dressed As Darth Vader With Pink Hospital Scrubs [HALL OF SHAME]
What happens when you dress up like Darth Vader and wear pink hospital scrubs then go out and try to rob a bank in a grocery store? You end up in the Pulse2.com Hall of Shame. Gregory Sanchez dressed up in the aforementioned outfit and tried to rob a Bank of America branch within the same Albertsons grocery store that he worked at as a “courtesy clerk.” Sanchez had a hatchet, a black wig, and gloves too. “The robber’s elaborate disguise did not keep from getting caught later on,” stated Captain Mike Parker. The crime took place in the 19000 block of Colima Road in Los Angeles. Sanchez is being held on a $100,000 bail. [LA Times]
Categories Albertsons, Bank of America, Darth Vader, Gregory Sanchez, Hall of Shame, Star Wars
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Bank Of America Buys BrianMoynihanSucks.com
Bank of America Corporation (NYSE:BAC) has bought the domain names BrianMoynihanBlows.com, BrianMoynihanSucks.com, BrianTMoynihanBlows.com, and BrianTMoynihanSucks.com in order to protect the name of their CEO. Bank of America also owns the .org and .net versions of these domain names too. Rumor has it that Bank of America snapped up these domain names because WikiLeaks founder Julian Assange said that he has information on a major bank that could make him resign. Some people believe that the “major bank” is Bank of America. [BusinessInsider]
Categories Bank of America, Brian Moynihan
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NewEgg.com Files For $175 Million IPO
NewEgg.com is an online retail company that sells electronics such as digital cameras, cell phones, and laptops. The company plans to file for an IPO and raised roughly $175 million in the process. NewEgg.com started in 2001 and made about $2.2 billion in revenues last year. Insight Venture Partners invested $20 million in NewEgg.com around 2005. Insight Venture Partners has a 12.7% stake in NewEgg.
Newegg.com Inc. is based in City of Industry, California. Newegg was founded by Fred Chang and the company is run by CEO Tally C. Liu. When NewEgg.com was founded, it was a subsidiary of ABS Computer Technologies Inc. NewEgg has about 1,500 employees. The funds raised will be used to fund operations expansion in Canada and China. The company has even been profitable since they started in 2001. The IPO is being managed by JP Morgan, Bank of America Merrill Lynch, and Citi.
Ann Minch Launches Debtors’ Revolt On YouTube To Fight Interest Rate Hike And Wins [Video]
Ann Minch is a popular YouTube user that launched a revolution against Bank of America. She called the revolution a “Debtors’ Revolt.” Minch said that on the YouTube video that she refuses to pay her credit card bill because of an unfair interest rate hike. It turns out that Bank of America has reduced her rate as a result of the one-woman protest.
Minch said that a Bank of America representative contacted her on Friday and they had the following conversation as described by Minch.
“He asked me to talk a little about my personal financial situation so we can negotiate some kind of agreement in regard to my existing credit card account,” stated Minch. The B of A executive “tried to get me to agree to 16.99 percent and I said, ‘No, nope, I believe because you guys are getting your money from the Fed at zero percent interest… that 12.99 percent is a more than generous profit margin for you guys.’ So he did finally agree to that and he also agreed to send me that in writing.”
The first video made by Minch of the Debtors’ Revolt has been viewed about 250,000 times. The Huffington Post broke the story about the video and the resolution.
Minch’s credit card balance is about $5,943.34. “Just because my personal account situation has apparently been resolved, which is a small victory for this debtors’ revolt movement, we still have a war to fight,” added Minch.
Categories Ann Minch, Bank of America, YouTube
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Disney Buying Marvel For $4 Billion In Cash and Stock
The Walt Disney Company (NYSE:DIS) has made an agreement to buy out Marvel Entertainment Inc. (NYSE:MVL) today. The transaction will take place in cash and stock.
As part of the agreement, the transaction will be based on the closing price of Disney stock as of August 28, 2009. Marvel shareholders would receive $30 per share in cash and 0.745 Disney shares for each Marvel share that they own.
“This transaction combines Marvel’s strong global brand and world-renowned library of characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor with Disney’s creative skills, unparalleled global portfolio of entertainment properties, and a business structure that maximizes the value of creative properties across multiple platforms and territories,” stated The Walt Disney Company CEO and President Robert A. Iger in a press release. “Ike Perlmutter and his team have done an impressive job of nurturing these properties and have created significant value. We are pleased to bring this talent and these great assets to Disney.”
Disney will acquire the ownership of Marvel and 5,000 of the characters belonging to the franchise. Perlmutter will continue to oversee the Marvel properties.
The transaction is subject to the clearance under the Hart-Scott-Rodino Antitrust Improvements Act, non-U.S. merger control regulations, etc. Marvel was advised by BofA Merrill Lynch.