SoftBank Corporation is doing something unusual to try and stop Dish Network’s acquisition offer for Sprint Nextel Corp. SoftBank owns 33% of Alibaba Group Holding Ltd and reportedly threatened banks that if they financed Dish’s $25.5 billion rival offer, it would hurt their chances of landing a role in Alibaba’s IPO, according to sources with Reuters.
Jack Dorsey, the co-founder of Twitter, is known for starting a mobile payment called Square. The Square payment reader became very mainstream and is used everywhere including Starbucks. Now Bank of America is getting into the mobile payment game with the introduction of the Mobile Pay on Demand service. The Mobile Pay on Demand lets small business owners accept payments over a mobile phone.
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.
Continue reading →
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.
Continue reading →
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.
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.”
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]
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]
