BofA’s Ad Efforts Stumble, Ford Faces Recall, Citigroup Extends Deal
Persons familiar with a string of public-relations missteps by Bank of America Corp (NYSE:BAC) said that the company has placed its advertising account on review in an effort to rebound, reported The Wall Street Journal.
Extending a long-standing relationship with Citigroup Inc., (NYSE:C) Dorchester Capital Advisors International has chosen the bank to provide fund administration and custody for Dorchester Capital International Limited, its fund of hedge funds.
An Android/Chrome OS patent licensing deal with LG, which was estimated by Gartner to have 4.8% of the mobile phone market in Q3 has been agreed to by Microsoft Corporation (NASDAQ:MSFT). Terms aren’t being disclosed, but Microsoft is known to be garnering substantial royalties from Samsung, HTC, and other Android licensees. These royalties could be sufficient so that Android’s huge growth may soon obtain into billions in licensing revenue.
More than 244,000 Ford Escape SUVs from model years 2001 and 2002 will reportedly be called due to a risk of fire, according to Ford Motor Company (NYSE:F), In addition, nearly 206,000 Freestar and Mercury Monterey minivans from 2004 and 2005 will be recalled as they risk suddenly losing power.
Regions Financial Corporation‘s (NYSE:RF) sale of Morgan Keegan is being seen by Deutsche Bank as another significant move in the right direction. Because of this DB reiterates a Buy rating on the stock.
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