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Bank of America (NYSE: BAC) Restores Online Banking System

Bank of America Corp. said its online banking service has been restored for all of its customers, after being inaccessible for some users for most of the day Friday.The Charlotte, N.C., bank would not say exactly how many of its 29 million online banking customers were unable to access their accounts during the outage.

The problem appeared at around 7 a.m. Eastern time, and was resolved about 5:15 p.m., according to spokeswoman Tara Murphy Burke.She said the majority of customers could access online banking during the day, but acknowledged that the system was very slow for those who could get in.

As news spread of the outage spread during the day, traffic to the website increased and it became even more difficult to access.Burke said the problem cropped up after a "routine systems change" overnight. The bank's ATM network operated normally throughout the day, she said.It's not the first time customers of the nation's largest bank have had trouble accessing their accounts.

The site was down for about four hours on Aug. 27, and there was another outage about a year ago.Other banks have had similar problems, including a problem at Chase.com in September that persisted for more than a day.

In December, Bank of America joined several other financial institutions in refusing to handle payments for WikiLeaks, the secret-releasing organization that is rumored to be preparing a release on the bank itself. The bank's actions followed similar moves by MasterCard Inc. and PayPal Inc.

The bank's site did not show any impact from hackers at that time in response to its refusal. Bank of America (NYSE: BAC) shares added 48 cents, or 3.3 percent, in Friday's session to close the week at $15.25.

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Posted: 1/15/2011 9:53:41 AM by Global Administrator | with 0 comments

Bank Of America Website Down, 7 Hours And Counting (NYSE: BAC)

Bank Of America Website Down, 7 Hours And Counting

The most explosive search on Google right now is "bank of america website down" as we see BAC clients impacted and not able to transact their online banking services. Despite that BAC Stock has rallied $.75 off the lows and is BAC currently trading at $15.18.

Posted: 1/14/2011 2:42:19 PM by Global Administrator | with 0 comments

Yahoo Plans To Cut Staff 20% Approximately 2,780 Job Cuts

Yahoo Plans To Cut Staff 10% Approximately 650 Job Cuts

Date 11/11/2010

SMF Reports that Yahoo Plans To Cut Staff 20% Approximately 2,780 Job Cuts based on a report on Tech Crunch. “preparing to lay off 20% of total staff,” according to TechCrunch, which attributes the information to “two independent sources.” According to Yahoo Finance, the company has about 13,900 employees.

Later reports by All Things Digit says the number is closer to 10% and has been blow out of proportion, a numbe closer to 650 job cuts.

Based on current valuations, StockMarketFunding.com believes that Yahoo.com has the potential to be a "take over target" based on it's leadership position in the "internet search" market.

We've done prior yahoo videos on the topic and we encourage all investors and traders to do their own due diligence.

Posted: 11/11/2010 4:33:21 PM by Global Administrator | with 0 comments

Google Unveils "Smart Car" That Can Steer Without a Driver

SMF was updating our trading network on "Google's Earnings" Option Trading Google.com Stock Analysis with our recent video when we came across this information reported by the AP. Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.The cars have traveled a total of 140,000 miles on major California roads without much human intervention, according to a posting Saturday on Google's corporate blog.

The goal is to "help prevent traffic accidents, free up people's time and reduce carbon emissions," project leader Sebastian Thrun wrote in the blog post.It's not the first signal that Google wants to change how people get form place to place. In a speech Sept. 29 before the Techcrunch "Disrupt" conference, Google CEO Eric Schmidt said "your car should drive itself. It just makes sense."

"It's a bug that cars were invented before computers," Schmidt said.The New York Times published a report on the development earlier Sunday.The Mountainview, Calif.-based technology giant has sent seven test cars a total of 1,000 miles without a human touching the controls at all, the New York Times reported.The cars know speed limits, traffic patterns and road maps.

They use video cameras, radar sensors and lasers to detect other cars, Thrun's posting says.Driving between Northern California and Southern California, the cars have navigated San Francisco's Lombard Street, Los Angeles' Hollywood Blvd. and the Pacific Coast Highway, the blog says.Engineers consider the cars safer because they react more quickly than humans, the New York Times said.

It said Google has not revealed how it hopes to profit from the research.The cars are never unmanned, Thrun wrote. He said a backup driver is always behind the wheel to monitor the software.It says the technology is being developed by scientists who were involved in an earlier set of unmanned car races organized by the government's Defense Advance Research Projects Agency.

Posted: 10/10/2010 3:40:08 PM by Global Administrator | with 0 comments

Trading Apple (AAPL) Earnings with Options‎

Apple Computer was halted right before the release of the earnings. In this stock market trading video below, we highlight the trade live and we highlight the AAPL earnings and give you a full break down of the importance of the report and our take on the stock for 2010. Sign up today to learn more about how to get involved in after hours trading.

Posted: 1/25/2010 3:26:02 PM by Global Administrator | with 0 comments

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