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BofA directors considering short-term CEO: report

Bank of America's board of directors is looking at hiring a short-term chief executive from outside the bank to give internal candidates more time to develop, the Wall Street Journal reported on Thursday.

BofA CEO Lewis out by year's end, search on for successor

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Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
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Judge rules BofA suit over Bear loss can proceed

A federal judge said Bank of America Corp may pursue a lawsuit accusing former Bear Stearns Cos managers Ralph Cioffi and Matthew Tannin of lying in an attempt to prop up two failing hedge funds.
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Futures dip ahead of ISM, jobless claims data

U.S. stock index futures fell on Thursday as investors awaited a raft of data, including manufacturing and jobless, that could provide clues on the strength of an economic recovery. The data due out will also include pending home sales, personal income and consumption, and may offer fresh evidence on the strength of the U.S. recovery, ahead of Friday's non-farm payrolls.
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U.S. index futures indicate flat to softer start

* U.S. stock index futures point to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures NDc1 down 0.3 percent after Cisco System (CSCO.O) offered to buy Norwegian Tandberg for $3 billion in cash.
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Stock futures indicate flat to softer start

Stock futures pointed to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures down 0.3 percent after Cisco System offered to buy Norwegian Tandberg for $3 billion in cash.
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Talecris prices IPO within range, ups deal size

Talecris Biotherapeutics Holdings Corp priced shares in its initial public offering for $19 each, within the expected range, but increased the size of the share issue in the largest IPO by a biopharmaceuticals firm in three years.
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Citi closes sale of Nikko Cordial to SMFG

Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank's plans to shed non-core assets.
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Citi closes $8.7 billion sale of Nikko Cordial

Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group , one more step in the U.S. bank's plans to recoup losses from the financial crisis.
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BofA's six possible successors for CEO job

Bank of America Corp said on Wednesday six internal candidates are in the running to take over from Chief Executive Kenneth Lewis when he retires at the end of the year. All six are on the executive management team, four are long-time Bank of America staff and just one -- Tom Montag -- joined through the bank's acquisition of Merrill Lynch & Co.
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BofA CEO Lewis to step down by year's end

Beleaguered Bank of America Corp said Chief Executive Ken Lewis will retire by year's end and his successor is yet to be determined, the bank announced late Wednesday.
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BofA to sell asset management unit for $1 billion

Bank of America Corp's deal to sell part of its Columbia Management business for about $1 billion is a boost for its effort to unload unwanted assets and raise capital, but the low price suggests it is still facing a buyers' market.
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Clean technology top U.S. venture investment: group

Clean technology has for the first time become the top category in U.S. venture capital investment, eclipsing biotech and software, as private money follows the government's lead, the Cleantech group reported.
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Dow, S&P flat as tech offsets weak PMI reading

U.S. stocks were mostly flat on Wednesday, on a volatile last day of a strong third quarter, as a disappointing report on Midwest business activity was offset by gains in commodities and tech.
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Bharti and MTN call off tie-up talks

Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday.
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Man Group assets rise on lower outflows

Man Group, the world's largest listed hedge fund firm, said slowing outflows helped lift assets to an estimated $43.8 billion at end-September, at the top end of forecasts, boosting its shares.

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