Amazon Rumored to Launch a Free Video Streaming Service; Former Bank of America Chief Executive Banned


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NASDAQ:AMZN / NYSE:BAC
03/28/2014 [ACCESSWIRE]

Amazon.com Inc. (NASDAQ: AMZN) is reported to be launching a free video streaming service. According to a report from the Wall Street Journal, the e-commerce giant will be launching a free, ad-supported service that'll allow its customers to stream television shows and music videos for free. It will be ad-supported however. The new service apparently will not require a Prime subscription and will offer original and licensed programming free of charge. The company declined to comment on the report. Amazon is set to debut its Chromecast competitor next week.

Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers.

Get more information on Amazon.com Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/AMZN

Bank of America Corporation’s (NYSE: BAC) former chief executive Kenneth Lewis was banned by New York this week from serving as a public company official over the financial institution’s costly takeover of Merrill Lynch. The New York Attorney General banned Lewis from acting as an officer or director of a public company for three years for pushing the takeover although he knew Merrill faced losses of $9 billion. This was a fact not disclosed to Bank of America shareholders. Lewis was ordered to pay New York $10 million, and Bank of America agreed to pay another $15 million in the case. The attorney general’s office said in a statement that the settlement “represents one of the first successful attempts by law enforcement to hold accountable a CEO or individual at a major institution since the financial crisis.”

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking.

Get more information on Bank of America Corporation free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/BAC

 

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