Bank of america Stories
Atlanta's Bank of America Plaza Set for Foreclosure Auction
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.
Netflix Seeks to Spur Growth in Sales, Streaming Video After 2011 Blunders as Rivals Like Verizon Enter
The challenge for the Los Gatos, Calif.-based entertainment provider is to stand out as others such as Hulu and Amazon with its Prime service and Redbox try to gain an edge in the streaming business.
California, NY May Join Foreclosure Settlement as Deadline Looms
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
Europe's Shadow Darkens Outlook
A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
Bank of America Selling Three Office Buildings in New York and Charlotte
The Bank of America will sell and leaseback some of its administrative office space as part of its move to shed nonessential assets.
N.Y. Attorney General Schneiderman Accuses Banks, Mortgage Registry of Illegal Foreclosures
The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.
Major Layoff Announcements in 2012 [SLIDESHOW]
Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?
Wells Fargo Topples Bank of America to Become Largest U.S. Mortgage Servicer
The Bank of America is no longer the nation's biggest mortgage servicer in the U.S., according to the latest report.
SolarCity IPO expected in third quarter: source
Solar power company SolarCity is expected to debut on U.S. markets in the third quarter this year and has hired Goldman Sachs to underwrite its initial public offering, a source close to the company said on Thursday.
Dow, S&P 500 Rise on Strong Consumer Confidence
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
HSBC Plans For Up to 200 U.S. Job Cuts, Jobs May Go to Ireland
The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.
Key Internet Operator VeriSign Hit by Hackers
VeriSign Inc., the company in charge of delivering people safely to more than half the world's Web sites, has been hacked repeatedly by outsiders who stole undisclosed information from the leading Internet infrastructure company.
Facebook IPO: Mark Zuckerberg to Have Complete Control over the Company
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
Mortgage Deal Would Give States Enforcement Clout
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Wall Street Starts February Strong on Factory Data, Greece
Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.
Mortgage Deal Would Give States Enforcement Power
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
JC Penney Revamped: Can Ron Johnson Save Department Stores?
JC Penney's new Chief Executive Ron Johnson thinks shoppers have dropped the coupon-hounding, sale-chasing era when department stores reigned. Retail territory has been ceded to bargain sellers such as Walmart and Target. The former Apple retail executive offered a much-hyped solution last week, mixing branding, a new pricing structure and a buoyant ethos.
Facebook to File $5 Billion IPO Wednesday: IFR
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Facebook Filing for $5-Billion IPO: Key Facts and Statistics Behind Biggest Tech IPO
Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...
Facebook Expected to Submit Paperwork to Regulators for $5 Billion IPO
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Bank Fees in 2012: Up, Up and Away!
Facing both a slew of regulatory developments and volatile capital markets, banks are seeing some parts of their traditional revenue model threatened. One solution: charge customers more fees, either by raising the price of existing fees, charge for services that used to be free, or offering new services at a cost.
U.S. Stocks Down on Stalled Greek Debt Talks
Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.
Amazon 4Q Earnings Preview: Weak Margins to Offset Stronger Sales of Kindle Fire
Amazon.com is expected to report earnings Tuesday of 19 cents a share, down from 91 cents a share in the year earlier period, despite strong Kindle sales and a boom in e-commerce during the holiday season.
Shares Slump as Greece Disputes EU Austerity Push
Stocks tumbled in early trading on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
Stock Futures Imply Weak Open on Greek Budget Woes
Stock index futures pointed to a weak open on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
U.S. Stock Futures Fall on Eurozone Worries
Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
ABB Buying Thomas & Betts for $3.9 Billion
Swiss engineering group ABB said it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.
Subpoenas Issued to Financial Firms in Expanded Probe
The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
REIT Earnings Preview: SL Green, Boston Properties, Simon Property Group, General Growth Properties, Equity Residential, AvalonBay
The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.
Eric Holder Launches Probe into Mortgage-Backed Securities Fraud
U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.