International Business News - BAC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial, rejecting several arguments by the troubled mortgage lender to dismiss the case. http://www.ibtimes.com/articles/20080515/judge-countrywide-shareholders-suit-can-proceed.htm Thu, 15 May 2008 00:07:55 EDT Diversified financial-services companies' mostly closed higher on Wednesday as Wall Street got a boost from better-than-expected consumer data that alleviated some fears about inflation. http://www.ibtimes.com/articles/20080514/closing-glance-diversified-financials-shares-gain.htm Wed, 14 May 2008 16:42:23 EDT Mortgage application volume rose 2.9 percent during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey. http://www.ibtimes.com/articles/20080514/mortgage-application-volume-rises-slightly.htm Wed, 14 May 2008 07:22:32 EDT Among the earnings projection stories for Tuesday, May 13, from AP Financial News: CHARLOTTE, N.C. (AP) _ Bank of America Corp., the nation's second-largest bank, reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle. http://www.ibtimes.com/articles/20080513/outlook-roundup-bank-of-america-gm.htm Tue, 13 May 2008 18:57:11 EDT NEW YORK _ Solid first-quarter profits from discounters Wal-Mart and TJX show that more Americans are hunting for bargains as they struggle to cover their monthly credit card payments, put food on the table and gas in the family car. http://www.ibtimes.com/data/articleimgs/45954-earns-wal-mart.jpg http://www.ibtimes.com/articles/20080513/wal-mart-and-tjx-report-solid-1st-quarter-profit-gains.htm http://www.ibtimes.com/articles/20080513/wal-mart-and-tjx-report-solid-1st-quarter-profit-gains.htm Tue, 13 May 2008 16:37:56 EDT Stocks that are moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq: NYSE http://www.ibtimes.com/articles/20080513/wal-mart-wendys-among-big-market-movers.htm Tue, 13 May 2008 13:21:04 EDT Bank of America Corp., the nation's second-largest bank, reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle. http://www.ibtimes.com/articles/20080513/bofa-customers-under-significant-economic-pressure.htm Tue, 13 May 2008 10:46:50 EDT Diversified financial-services companies' shares pulled back Tuesday morning after the Commerce Department said retail sales fell in April and business inventories increased by the smallest amount in a year, two signs of a weakening economy. http://www.ibtimes.com/articles/20080513/opening-glance-diversified-financials-decline.htm Tue, 13 May 2008 10:22:14 EDT Bank of America reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle. At an investor conference in New York, Liam McGee, Bank of America's president of global consumer and small business banking, said customers are feeling "significant economic pressure" as deflating home prices leave little equity for consumers to borrow against. http://www.ibtimes.com/articles/20080513/bofa-customers-feel-significant-economic-pressure.htm Tue, 13 May 2008 09:45:27 EDT The Supreme Court tossed itself off a big case Monday. The court couldn't take up an apartheid dispute involving some of the nation's largest companies because too many of the justices had investments or other ties with those corporate giants. http://www.ibtimes.com/articles/20080512/court-blocked-from-case-too-many-investments.htm Mon, 12 May 2008 16:34:31 EDT Tribune Co.'s $650 million sale of Newsday is an important step toward alleviating its debt burden _ for this year. Now the Chicago company needs to move on its next big asset sales, including the Chicago Cubs baseball team and Wrigley Field, in order to meet its obligations to creditors looming in 2009. http://www.ibtimes.com/data/articleimgs/45650-cablevision-newsday.jpg http://www.ibtimes.com/articles/20080512/tribunes-newsday-deal-is-one-step-in-easing-debt.htm http://www.ibtimes.com/articles/20080512/tribunes-newsday-deal-is-one-step-in-easing-debt.htm Mon, 12 May 2008 16:37:16 EDT Diversified financial-services companies' shares rose Monday, as Wall Street got some relief from soaring energy prices. As oil prices declined, the dollar advanced, easing some worries about inflation. http://www.ibtimes.com/articles/20080512/opening-glance-diversified-financial-shares-rise.htm Mon, 12 May 2008 10:22:05 EDT Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth first. http://www.ibtimes.com/data/articleimgs/45216-citigroup-outlook.jpg http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm http://www.ibtimes.com/articles/20080510/citigroup-to-shed-nearly-500-billion-in-assets.htm Sat, 10 May 2008 07:06:44 EDT First Marblehead Corp. shares fell sharply Friday after the student-loan services provider reported a quarterly loss, as the market for bundles of loans stayed frozen. http://www.ibtimes.com/articles/20080509/first-marblehead-shares-fall-after-quarterly-loss.htm Fri, 09 May 2008 16:56:15 EDT Shares of most diversified financial-services companies dropped on Friday, as investors' concerns increased about continuing fallout from the credit market crisis and rising oil prices. http://www.ibtimes.com/articles/20080509/closing-glance-diversified-financial-shares-mostly-drop.htm Fri, 09 May 2008 16:41:22 EDT Shares of diversified financial services were mixed Friday morning, as some investors looked past a wider-than-expected quarterly loss at insurer American International Group Inc. and soaring energy prices. http://www.ibtimes.com/articles/20080509/opening-glance-diversified-financial-shares-open-mixed.htm Fri, 09 May 2008 10:39:55 EDT Student-loan services provider First Marblehead Corp. said Thursday it swung to a fiscal third-quarter loss as the company remained unable to complete a single securitization transaction _ previously its major source of revenue. http://www.ibtimes.com/articles/20080508/first-marblehead-swings-to-3q-loss-on-write-downs.htm Thu, 08 May 2008 18:17:42 EDT Is a baseball pitcher's method for throwing a curveball patentable? How about a chiropractor's techniques? A federal appeals court wrestled with those kinds of questions Thursday when it considered placing restrictions on patent protections for business practices. The case under review is being closely watched by financial services and software companies. http://www.ibtimes.com/articles/20080508/court-weighs-whether-to-restrict-business-method-patents.htm Thu, 08 May 2008 17:50:40 EDT Diversified financial services stocks fell Thursday as investors awaited quarterly results from insurance provider American International Group and worried about the financial health of State Street Corp. http://www.ibtimes.com/articles/20080508/closing-glance-diversified-financial-shares-decline.htm Thu, 08 May 2008 16:39:55 EDT Diversified financial-services stocks lacked direction Thursday morning as Wall Street weighed some positive retail sales results and a larger-than-expected drop in the number of unemployment claims against high energy prices. http://www.ibtimes.com/articles/20080508/opening-glance-diversified-financial-shares-lack-direction.htm Thu, 08 May 2008 10:32:53 EDT