It seemed like it was only yesterday (perhaps because it actually was only three days ago, on Tuesday), when the shares of the banking giant teetered precariously above the $5 mark, a few cents off the dreaded "4 handle." Many were predicting a catastrophic sell-off. Fast-forward to today and Bank of America is trading at $5.74 per share, a jump of 13.66 percent in slightly over 60 hours.
A gradual broadening and strengthening of U.S. growth should cushion the American economy against severe damage from the storms in Europe, unless a financial meltdown causes global havoc.
Fulton County sheriff's deputies and local movers refused to follow orders to evict a 103-year-old woman and her 83-year-old daughter from their longtime home.
AT&T, the No. 2 U.S. wireless carrier, may be trying to salvage its $39 billion deal to acquire T-Mobile by agreeing to sell assets to loss-ridden Leap Wireless International.
Solid Black Friday and weekend checks indicate Apple is off to a solid holiday season as traffic at Apple stores was extremely robust with positive checks at other channels.
President Barack Obama will press European Union officials Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry, Reuters reports.
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.
Cigna Corp. (NYSE:CI), which recently received antitrust clearances for its $4 billion acquisition of HealthSpring, Inc. (NYSE:HS), has now three distinctive growth drivers for 2012-2013.
Deutsche Bank has lowered its profit estimates of Hewlett-Packard Co. (NYSE:HPQ) saying that profit centers of the company's major businesses are structurally handicapped and turnaround will be long and slow.
Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
European Central Bank chief Mario Draghi told euro zone governments Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.
As equity investors play the ups and down of the stock market, fixed income money managers that provide day-to-day financing to the banks, investors in medium-term bonds and the peer banks themselves are scrambling for cover. The result: a dollar financing crunch that could deeply affect the banks and how they do business.
Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.
The decision to lay off 1,066 people who worked for MF Global -- effective immediately and without severance -- will give people pause. But it is only the beginning of the nastiness in the MF Global saga
MF Global's liquidators are struggling to sell the Asian business as one concern because of problems unwinding trading positions, so they may now sell the various country units separately.
Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc's debt crisis.
Gold has confounded market watchers by refusing to behave like a safe-haven and instead has tracked equities over the past few weeks, but the escalating European debt crisis could see bullion ditch its risk-asset mantle and return to record highs.
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Vodafone (VOD.L:Quote) lifted its full-year profit outlook on Tuesday as strong growth in emerging markets and robust trading in northern Europe more than offset weakness on the southern fringes of the euro zone.
Owing to the soaring demand of Apple's recently launched fifth-generation iPhone - the iPhone 4S, an inventory survey reveals that most Apple stores in the U.S. and abroad have run out of stock on a daily basis.
Amgen Inc (AMGN.O) said it plans buy back $5 billion of its shares, or about 10 percent of outstanding stock, in a modified Dutch auction, which allows shareholders to choose the price at which they are willing to sell.