In the past month, word leaked out that Bank of America (NYSE: BAC) was planning to modify their debit card fee plan which put so many up in arms during the last month. The bank’s plan to charge a five dollar monthly fee to all debit card customers in an effort to replace revenues lost due to the Dodd Frank financial regulatory reform was some combination of angering and audacious to customers and... 

Bank of America (NYSE: BAC) set off a firestorm of public outrage last month after announcing a plan to charge all customers a five dollar monthly debit card fee. The fee was so shocking and outrageous to some that Senators commented on the issue, customers protested the issue, and the firm has been under public relations fire ever since that announcement. Now, it all seems to be for naught. After... 

Although the depths of the 2008 financial crisis seem to be in the distant past on a temporal basis, the world’s financial markets have continued to be battered with negative news and sagging investor confidence. While popular indexes like the Dow Jones Industrial Average have rebounded since the lows of 2008 (following rebalancing of the index and a rebound in some of the securities), the traction... 

Adidas has unveiled a soccer shoe that uses an embedded chip to collect and wirelessly transmit information about the performance of the player.  The shoe went on sale in South America, Central America, Europe, and Asia on November 15 and will be available in US stores December 1. Adidas’s new shoe is a new design of the Adizero f50 soccer shoe.  The Adizero f50 was introduced in 2010 as the lightest... 

India’s parliament has been stalled for a fifth day by politicians protesting Prime Minister Manmohan Singh’s plan to allow foreign companies like Wal-Mart Stores to join India’s retail sector.  The plan would be the biggest change to foreign ownership rules in India in more than six years.  The protest forced both houses of parliament to adjourn. Congress’ leading allies criticized the decision... 

More than 40 years after University of Florida football players first drank the beverage that would become Gatorade, parent company PepsiCo is planning to move the brand beyond the electrolyte-filled drinks.  PepsiCo’s Gatorade division is testing a series of new products intended to boost athletic performance and revamping the entire brand to be more appealing to consumers. The plan is to create... 

Hewlett-Packard Co.’s chief executive officer Meg Whitman has told investors to lower their expectations for the near future while detailing her plans to fix Hewlett-Packard’s ailing businesses.  Whitman said, “We’re relatively pessimistic about the economic outlook in two of our three major regions.  2012 just looks tough to me.” Part of her prescription for the company is to boost research... 

Merck will plead guilty to a misdemeanor charge for the improper marketing of the painkiller Vioxx.  The company will pay $321.6 million in criminal fines and $628.4 million as a civil settlement agreement for a total of $950 million.  The government will get $426.4 million from the settlement, and $202 million will be distributed to state Medicaid programs for 43 states and the District of Columbia. ... 

It has been announced that technology and operations jobs will be cut at Wells Fargo before the end of the year.  Wells Fargo wants to trim around $188 million of quarterly expenses for technology and staff.  The planned layoffs come as the bank tries to eliminate more than $1.5 billion of quarterly operating expenses.  Quarterly expenses in technology and staff areas were around $2.2 billion in... 

Chevron’s drilling rights in Brazil have been suspended until the company clarifies the cause of an offshore oil spill to Brazil’s government.  The November 8 oil spill off the coast of Rio de Janeiro leaked about 2,400 barrels of oil into the ocean.  Brazil’s National Petroleum Agency determined there was evidence of company “negligence” in its study of data needed to drill...