Bank of america Stories
China's Economic Growth Slowest in 3 Years
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
June FOMC Minutes To Drop Big Hints On QE3 (And Why It May Not Be Cure For Economy?s Woes)
It's going to be very, very dovish.
The Rebirth Of General Growth Properties
General Growth Properties (NYSE: GGP), the second-largest public U.S. mall landlord, is living up to its name once again. After exiting bankruptcy in 2010, the Chicago-based company's shares hit a new all-time high of $18.49 on Friday.
Diamond Denies Gov't Told Barclays To Manipulate Libor Rate
Former Barclays boss Bob Diamond testified Wednesday before the British Parliament's Treasury Select Committee denying that anyone in the British government instructed the bank to manipulate the rate that determines the cost of trillions of dollars worth of loans and derivatives traded worldwide every day.
US Unemployment Rate Likely To Hold At 8.2% In June, With Little Job Growth Improvement
The U.S. labor market has lost a step since spring and the trend of lackluster job growth will likely continue into June.
Pre-Market Movers (Bank of America, Caterpillar, Banco Santander, Citigroup, Research In Motion, Nike, Infosys)
Fushi Copperweld, Bank of America, Banco Santander, Caterpillar, Citigroup, Research In Motion, Nike and Infosys Ltd are among the companies whose shares are moving in pre-market trading Friday.
Technology Focus: Still Waiting For Digital Wallets
In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Moody's to Global Leaders: Stop Threatening Your Banks With Capitalism
Thursday's downgrade contained a veiled threat that pointed at politicians in Germany, the United Kingdom, France and the United States and plainly stated, Stop talking about making the banks responsible for their own follies -- or else.
Moody's Downgrades 5 Big US Banks, 9 European Banks
Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.
Bank Of America Directors Settle Shareholder Suit Over Merrill Lynch Deal
Bank of America directors have reached a definitive settlement of litigation by shareholders, who accused the bank of overpaying for Merrill Lynch, a federal judge said.
Ronald Page Withdraws $1.5M Due to Bank Error, Gambles Money Away
A Detroit man has withdrawn over $1.5 million dollars from various ATM's after Bank of America made a mistake with his account, and has since gambled the money away.
Pre-Market Movers (Biosante Pharmaceuticals, Tesla Motors, Barclays, Bank of America, Adobe Systems Incorporated, Michael Kors Holdings, Procter & Gamble)
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
Get Ready For The Fed?s Summer Sequel - Operation Twist 2
The prolonged crisis in the euro zone, coupled with signs that the U.S. economic recovery is faltering, have led to speculation that the Federal Reserve will provide more monetary stimulus, most likely through extending its Operation Twist program, at the June two-day Federal Open Market Committee meeting, which concludes on Wednesday June 20.
FOMC Policy Decision and Housing Data Dump: Economic Events For June 18-22
This week's data releases highlight Wednesday's Federal Open Market Committee (FOMC) statement, which will likely present a dovish tone. However, those who are expecting for the announcement of renewed asset purchases will likely be disappointed.
Technology Focus: Wielding The Cash Weapon
Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
Investors Want Real Estate (Again)
U.S. investors are getting back into real estate, but their efforts are being complicated by the uncertain housing market.
Too Little, Too Late - Why Spain's ?100B Bailout Just Won't Do It
EU officials have been keen to trumpet the latest euro zone Band-Aid as a triumph for collective action and an answer to critics who accused the group of acting too slowly and with not enough money in the past.
Retail Sales, Manufacturing And Trifecta Of Inflation Data: Economic Events For June 11-15
This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.
Pre-Market Movers (Micronetics, Banco Santander, NVIDIA, Bank of America, QUALCOMM, Perrigo, Nokia)
Among the companies whose shares are moving in pre-market trading Monday are: Micronetics, Banco Santander, Mellanox Technologies, NVIDIA, Bank of America, Perrigo, QUALCOMM, Jive Software and Nokia.
Fiscal Cliff: If You Aren't Worried, Here's Why You Should Be
While the euro zone fiscal crisis has grabbed the spotlight, the U.S. faces its own fiscal crisis. The simultaneous onset of tax increases and spending cuts scheduled for Jan. 1 -- which will trigger unless Republicans and Democrats can agree on a balanced budget solution -- will likely send the economy plunging off a $720 billion fiscal cliff and into the arms of another recession.
Pre-Market Movers (Molina Healthcare, China TransInfo, Alcoa, Strategic Hotels, Bank of America, Barrick Gold)
Among the companies whose shares are moving in pre-market trading Friday are: Molina Healthcare, China TransInfo Technology, Strategic Hotels, France Telecom, Barrick Gold, Rio Tinto, Randgold Resources, Alcoa and Bank of America Corp.
Pre-Market Movers (Lincoln National, SINA Corp, Morgan Stanley, Bank of America, Baidu, Nokia, Royal Bank of Scotland)
Among the companies whose shares are moving in pre-market trading Thursday are: Lincoln National Corp, SINA Corp, Las Vegas Sands, Baidu.com, Bank of America, Royal Bank of Scotland, Morgan Stanley and Nokia Corp.
Fannie Mae Names General Counsel Timothy Mayopoulos As New CEO
Fannie Mae, the federally controlled mortgage giant, said Tuesday it is appouinting its general counsel, Timothy Mayopoulos, as its new president and CEO.
Pre-Market Movers (Coca-Cola, Bank of America, Dean Foods, General Electric, Citigroup, JPMorgan Chase and Facebook)
The companies whose shares are moving in pre-market trading Friday are: Coca-Cola Co., Bank of America Corp., Dean Foods Co., General Electric Co., Citigroup Inc., JPMorgan Chase & Co. and Facebook Inc.
Nonfarm Payrolls, Auto And Same-Store Sales: Economic Events, May 28-June 1
The economic calendar is quite full this week, with most of the focus on the U.S. nonfarm payrolls report. The Institute for Supply Management, or ISM, manufacturing index and the second estimate of U.S. first-quarter gross domestic product also will draw a lot of attention.
Golden Gate Bridge History Spans 75 Years This Sunday
The Golden Gate Bridge -- across the Golden Gate Strait between San Francisco and Marin County -- was a larger-than-life engineering project undertaken against dangerous odds, and it opened 75 years ago on Sunday against vehement protest, at the cost of 11 lives.
In Lehman's Archstone Deal, 'Grave Dancer' Sam Zell Wins Again
Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the grave dancer. This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost.
French, Germany Consumer Confidence Holding Up -- A Dangerous Sign of Euro Zone Crisis Fatigue?
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the good news, some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself.
Facebook Shares Drop Again On New Probes Despite Morgan Stanley Investor Pledges
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.
Facebook, ?Titanic' Of IPOs, Could Poison Tech Company Pipeline
Faced with the disastrous fallout from the initial public offering of Facebook (Nasdaq: FB), the No. 1 social network, other technology companies that had been waiting to go next may reconsider.