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Bank of America CEO Speech Lifts Shares

Bank of America's Brian Moynihan
Bank of America (NYSE:BAC) shares continued rallying today, the fifth day the stock seems poised to close higher, as trading was boosted by a widely-anticipated speech from its CEO. The wider market for large financial companies was mixed.
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A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York

MF Global Workers Sue Corzine, Other Execs

Past and present MF Global employees sued ex-CEO Jon Corzine and other executives over alleged misrepresentations they say destroyed the value of the company's stock.
Raj Rajaratnam

Raj Rajaratnam Begins 11-Year Prison Sentence

Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
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Oil Prices Fall After S&P Warning to Europe

Crude oil prices declined in Asian trade on Tuesday, after credit ratings agency Standard & Poor (S&P), warned six triple A-rated Eurozone members they may suffer ratings downgrades, amid the continuing carnage of the Eurozone debt crisis.
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Simpsons, Allen Gregory up, Pan Am hits ratings low

Fox's block of animated series received a major boost Sunday night, with Allen Gregory surging 60 percent, while ABC's Pan Am fell to a series low, according to preliminary numbers. NBC won the night overall.

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