Wells fargo Stories
Bank of America, Dow Jones Experience Major Drops
As the Dow Jones Industrial Average dropped more than 500 points on Monday, banking giant Bank of America saw its share price get hammered.
Bank of America shares fall on AIG lawsuit, economy
Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.
S&P Downgrades U.S. Credit Rating; What Lies Ahead?
The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.
Instant view: U.S. loses AAA credit rating from S&P
The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.
Wells Fargo mortgage buybacks could top $1.8 billion
Wells Fargo & Co may have to buy back an additional $1.8 billion in toxic mortgages from outside investors on top of claims it already received, the fourth-largest U.S. bank by assets said in a securities filing on Friday.
Can RIM Ever Recover?
Shares of Research in Motion are at a yearly low. But they could recover with new Blackberry products. Or attract a bidder.
Medicare Prescription Drug Costs Unlikely to Rise in 2012
The government-subsidized prescription plan for seniors will not increase by the time 2012 rolls around, and yet, the plan will cost seniors an average of $30 a month in 2012, down from $30.76 this year, according to a statement made by the U.S. Department of Health and Human Services on Thursday.
Moody's outlook means downgrade possible in 12-18 mths
Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
Factory growth slows, casts shadow on U.S. economy
Manufacturing grew at its slowest pace in two years in July as new orders contracted, casting doubt on expectations the faltering recovery would quickly regain steam.
Merrill hires 7 advisers with $813 mln in assets
Merrill Lynch, the second largest U.S. brokerage by assets and financial advisers, on Monday said it hired seven new advisers overseeing more than $800 million in combined client assets.
HSBC heads for $11 billion profit as revamp takes shape
HSBC Holdings Plc (HSBA.L) should unveil a half-year profit of near $11 billion on Monday, flat from a year earlier as weak investment bank trading and wobbly U.S. and European economies offset growth in Asia.
As Democrats, GOP Spar, U.S. Economy Weakens
U.S. gross domestic product (GDP) rose just 1.3 percent in the second quarter and a scant, revised 0.4 percent in the first quarter -- statistics that reveal a U.S. economy that's not only growing at a very slow rate, it's in danger of falling back into a recession.
Fund Managers Seek Freedom Not to Sell on U.S. Downgrade
Some major bond fund managers are asking their institutional clients to consider waiving strict requirements that might force mass selling of Treasury bonds if the United States loses its AAA rating.
Pandora Media gets thumbs-up from two brokerages
Two brokerages started coverage on Pandora Media Inc with positive ratings citing its exciting long-term growth opportunity, given the growth in Internet radio and the ongoing shift of advertising dollars to the Web and mobile environments.
Despite Limitations, Apple iPad Breaches the Enterprise Wall
Apple's star device iPad is the undisputed leader in the consumer segment of the tablet market and is now on the roll to capture the enterprise tablet segment as well.
Wells Fargo Paying $85 Million Fine for Mortgage Abuses
Wells Fargo will pay an $85 million fine for mortgage abuses, but the company is not admitting wrong doing.
Fed hits Wells Fargo with $85 million mortgage penalty
Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages, the largest fine the Fed has ever imposed in a consumer-enforcement case.
Top 100 Most Valuable Global Brands: Apple and Google Top the Chart
Technology giants like Apple, Google, IBM, Microsoft and China Mobile lead the list of top global brands.
Self-directed investors not happy despite lower fees
The vast majority of self-directed investors say they don't understand the fees their brokers charge, and they aren't happy about it, says a new survey.
Fed Issues Softer Durbin Rules: What Does It Mean For Visa, Mastercard?
The much-debated proposal to implement the Durbin amendment cap on debit-card interchange fees came in focus once again Wednesday as Fed raised the debit interchange rate cap to 21 cents.
Bank of America Confirms $8.5 Bln Mortgage Settlement, To Report Hefty Loss in Q2
Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.
Bank of America Nears $8.5B Mortgage Settlement
Bank of America (NYSE:BAC) is nearing an $8.5 billion settlement with high-profile investors over mortgage loans, according to people familiar with the matter.
Report: Apple's iPhone and Google's Android exposed to security flaws
Symantec issues white paper stating that Apple's iPhone and Google's Android have major security flaws. Google's Android cited as malware target.
Analysis: New bank rules may hurt big banks, help regionals
New regulations announced over the weekend will likely benefit PNC Financial Services Group Inc, US Bancorp and smaller U.S. banks at the expense of bigger competitors including Bank of America Corp and JPMorgan Chase & Co.
Wells Fargo keeps employees in a Blackberry world
Wells Fargo won't let employees plug personal smartphones into the bank's IT system. The bank issues Blackberry's not iPhones to many employees for company work.
Smartphones Too Smart For Your Own Good - Personal Information Leak Through Apps
Your smartphone may be a convenient companion, but you may need to think twice about trusting them wholeheartedly.In this era of mobile applications earning increasing attention and popularity among many consumers, both casual and tech-savvy, the application market poses a rising threat to privacy.
Stocks In Focus - June 14 (AAPL, NOK, HPQ, SOLR, BBY, DTG, DRYS, ANGO)
Following stocks may see active trading on June 14. They include, Apple, Nokia, HP and Dollar Thrifty.
Pre-Market NASDAQ Movers (SOLR, STEC, DRYS, ASML, SINA, NAII, AAPL, WIFI, SIGA, SPWRA)
The top pre-market NASDAQ Stock Market gainers are: GT Solar International, STEC, DryShips, ASML Holding, Sina Corp, Natural Alternatives International, Apple and Boingo Wireless. The top pre-market NASDAQ Stock Market losers are: SIGA Technologies and SunPower.
Pre-market movers on June 14 (NBR, NOK, MU, S, BCS, WFC, F, CAT, AAPL, MS, KMP)
The companies whose shares are moving in pre-market trade on Tuesday are: Nabors Industries, Micron Technology, Sprint Nextel, Barclays, Wells Fargo, Ford Motor, Caterpillar, Apple, Nokia, Morgan Stanley and Kinder Morgan Energy.
Chicago Man Returns $17,000 Bag of Cash
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