A survey by London-based Brand Finance Plc of banks, based on the notional amount that a company would have to pay for the brand, has ranked the Bank of America as the most valuable banking brand with an estimated price of $30.6 billion.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
Bank of America Corp's Merrill Lynch unit has agreed to pay $10 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) that has accused it of fraudulently misusing customer orders so it could trade for its own benefit.
The companies whose shares are moving in pre-market trade on Friday are: Sara Lee, Micron Technology, Bank of America, Amazon, Ford Motor and Carnival Corp.
LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
A key measure of business activity strengthened again in December, a lender group told Reuters on Tuesday, as companies borrowed more money to invest in their operations and did a better job of staying
Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.
The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.
The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.
Disappointing earnings reports from blue chips Johnson and Johnson and 3Com cast a pall on U.S. stocks
Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.
U.S. stocks delivered mixed results Friday, General Electric led the way among blue chip stocks with a stronger-than-expected earnings, while financial sector stocks turned in mixed results.
Dow and S&P continue to be fueled by General Electric, Exxon Mobil; but Nasdaq slips
US stocks advanced in early trade on Friday as upbeat quarterly results from General Electric and Google and strong German IFO business sentiment data boosted investor sentiment.
The companies whose shares are moving in pre-market trade on Friday are: General Electric, Google, Micron Technology, Sara Lee, American International Group, Schlumberger and Biogen Idec.
Futures on major U.S. indices point to a higher opening on Friday with futures on the S&P 500 up 0.15 percent, futures on the Dow Jones Industrial Average up 0.11 percent and Nasdaq100 futures up 0.15 percent.
The companies that reported earnings before the markets open on Friday are: General Electric, Bank of America, Schlumberger, BB&T, Air Products and SunTrust Banks.
The companies which are expected to see active trade on Friday are: Bank of America, Advanced Micro Devices, Google, General Electric, Intuitive Surgical, Schlumberger, International Game Technology, Emulex and Capital One Financial.
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector.
PRC property developer Evergrande Real Estate Group made history last week with a Rmb9.25bn (US$1.4bn) synthetic renminbi bond - the biggest to date in the fast-growing market.
An improving global economy, solid corporate earnings and even easing fears about euro zone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets.
High-profile banking analyst Richard Bove said the U.S. banking sector is entering into a “golden age.” The financial strategist at Rochdale Securities explains that banks have so flush cash on their balance sheets that corporate earnings will grow by 20 percent annually over the next few years.
