Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.
Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become much smaller, Fox Business Network's Charlie Gasparino reported on Wednesday.
Delta, US Airways, American Airlines, Midwest and United, are kicking off a two-day sale from/to more than 60 cities in the United States for travel through November 16, 2010, Bestfares.com reports.
Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.
Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will give up a lot of revenue for the largest U.S. bank by assets.
(Corrects second paragraph to show bank index is at highest in 16 months, not two years)
The 2010 hurricane season is expected to be extreme and carry along above-normal threats on the U.S. coastline, AccuWeather.com predicted Wednesday.
The U.S. stock market eked out a modest gain ahead of an important resistance level for the S&P 500 Index and a Chinese CPI report, which market participants will use to gauge the likelihood of a rate hike in the near future.
General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised.
The United States posted a record $220.91 billion budget deficit in February, Treasury Department data showed on Wednesday.
Google expects an outcome soon from its talks with China over a censorship and hacking dispute, Chief Executive Eric Schmidt said on Wednesday.
Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it disappointed customers by not stocking certain products.
Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.
OnLive is set to launch its cloud-based video game service in June, as the closely watched start-up looks to challenge home console heavyweights with the promise of on-demand gaming.
Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans.
U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.
An influential Republican in U.S. Senate talks on financial regulatory reform said on Wednesday there are no special exemptions for particular institutions in a proposed new government financial watchdog agency.
Health Secretary Kathleen Sebelius ratcheted up the pressure on health insurance companies on Wednesday, urging them to forgo short-term profits to make coverage more affordable and to stop fighting the Obama administration's reform effort.
Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to continue stabilization efforts.
Citigroup's launch of preferred securities on Wednesday is a potentially major test of market sentiment, one year after prices of bank bonds and stocks plunged to multi-year lows, analysts said.
In a volatile session, NYMEX crude oil futures are up 0.18 percent on Wednesday after the Energy Information Administration (EIA) released lower than expected U.S. oil inventories.
