Bank of america Stories
Temasek raises $3.6 billion from sale of China banks' stakes
Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure to the financial sector and building up a warchest.
Zynga files for $1 billion IPO; will its close ties with Facebook become a risk?
Zynga Inc, developer of popular Facebook games like FarmVille and Mafia Wars, is all set to hit the capital market with an initial public offer (IPO). The company filed with regulators for an IPO of up to $1 billion on Friday, hopping that its close ties with Facebook will be a key to its future success.
Zynga Officially Files For An IPO; Looks To Raise $1 Billion
The company behind Farmville, Mafia Wars, Words With Friends, Empires and Allies and many other social games has officially filed for an IPO. In doing so, it follows in the footsteps of fellow social comapny, LinkedIn, which had an impressive IPO of its own last month.
Investors strike $208.5 million WaMu settlement
Washington Mutual Inc's officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action securities fraud lawsuits, according to court documents.
Self-directed investors not happy despite lower fees
The vast majority of self-directed investors say they don't understand the fees their brokers charge, and they aren't happy about it, says a new survey.
MBIA may pursue fraud claim vs BofA's Countrywide
MBIA Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion.
Fed Issues Softer Durbin Rules: What Does It Mean For Visa, Mastercard?
The much-debated proposal to implement the Durbin amendment cap on debit-card interchange fees came in focus once again Wednesday as Fed raised the debit interchange rate cap to 21 cents.
US stocks mixed in early trade
U.S. stocks were mixed in early trade on Wednesday with Nasdaq turns negative after Greece’s parliament approved key austerity bill to prevent a debt default.
Pre-market movers on June 29 (BAC, AKS, ADM, ADI, LM, MON, X, KBH, GIS, FDO)
The companies whose shares are moving in pre-market trade on Wednesday are: Bank of America, AK Steel Holding, Archer Daniels Midland, Analog Devices, Legg Mason, Monsanto, United States Steel, KB Home, General Mills and Family Dollar Stores.
Bank of America Confirms $8.5 Bln Mortgage Settlement, To Report Hefty Loss in Q2
Bank of America (NYSE:BAC), one of the nation's largest banks by assets, has confirmed an $8.5 billion settlement with high-profile investors over mortgage loans, and would report a second-quarter loss in the range of $8.6 billion to $9.1 billion.
Bank of America Nears $8.5B Mortgage Settlement
Bank of America (NYSE:BAC) is nearing an $8.5 billion settlement with high-profile investors over mortgage loans, according to people familiar with the matter.
BofA near $8.5 billion settlement on securities
Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.
NY top court revives banks' lawsuit vs MBIA
New York's highest court revived on Tuesday a lawsuit by banks including Bank of America Corp and HSBC Holdings Plc challenging MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders.
Analyst: Bank of America's stock undervalued
Industry analyst says Bank of America shares are undervalued for the long term.
Five winners, five losers in a tough economy
Some companies will win, some companies will lose as growth slows in the American economy and inflation rises. Here's a list of five winners, and five losers.
Wal-Mart Bias Suit Win One for Corporate America
The U.S. Supreme Court ruling places new limits nationwide on class-action suits. Companies facing similar suits to benefit from the ruling include Cigna Corp., Goldman Sachs Inc., Bayer AG, Deere Co., and Costco Wholesale Corp. The case one of the most important for U.S. businesses in a decade.
US marijuana shops struggle to get banking services
Operator and supporters of marijuana dispensaries say banks are turning away their business because they risk falling afoul of anti-money-laundering and drug-trafficking laws.
Pre-market movers on June 22 (KMX, FDX, YHOO, RAI, BSX, UPS, JBL, PHG, ADM, HAL)
The companies whose shares are moving in pre-market trade on Wednesday are: Carmax, Fedex, Yahoo, Reynolds American, Reynolds American, United Parcel Service, Jabil Circuit, Philips Electronics, Archer Daniels Midland and Archer Daniels Midland.
Post-Market NASDAQ Movers (AVAV, AERL, APWR, GLBS, MRGE, NUVA, ADBE, ATML, GSM, ALTR, RIMM, AAPL)
The top after-market NASDAQ Stock Market gainers are: AeroVironment, Asia Entertainment & Resources, A-Power Energy Generation Systems, Globus Maritime, and Merge Healthcare. The top after-market NASDAQ Stock Market losers are: NuVasive, Adobe Systems, Atmel, Globe Specialty Metals, Altera, Research In Motion, and Apple.
Pre-market movers on June 21 (BBY, MU, BIIB, AET, DFS, WFT, CVS, CCSC, WAG, IVR, MMI)
The companies whose shares are moving in pre-market trade on Tuesday are: Best Buy, Micron Technology, Biogen Idec, Aetna, Discover Financial, Weatherford International, CVS, Country Style Cooking, Walgreen, Invesco Mortgage and Motorola Mobility Holdings.
Post-Market NASDAQ Movers (VITC, GFRE, VICL, CLWR, CPNO, AAPL, ACHN, PSEC, LEAP, IRDMW, IPXL, ADBE)
The top after-market NASDAQ Stock Market gainers are: Vitacost.com, Gulf Resources, Vical, Clearwire, Copano Energy, and Apple. The top after-market NASDAQ Stock Market losers are: Achillion Pharmaceuticals, Prospect Capital, Leap Wireless International, Iridium Communications, Impax Laboratories, and Adobe Systems.
Smartphones Too Smart For Your Own Good - Personal Information Leak Through Apps
Your smartphone may be a convenient companion, but you may need to think twice about trusting them wholeheartedly.In this era of mobile applications earning increasing attention and popularity among many consumers, both casual and tech-savvy, the application market poses a rising threat to privacy.
PNC Financial to buy RBC unit for $3.45 billion: sources
PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada's U.S. retail bank operations for $3.45 billion in cash and stock, two people familiar with the matter said on Sunday.
Bank of America says Wikileaks threat details still unknown
Bank of America Corp still doesn't know exactly what damaging documents Wikileaks could have about it, the largest U.S. bank's chief information officer said on Thursday.
Debit Card Fees: The Ball Is in Bernanke's Court
The much-debated proposal to delay implementation of the Durbin amendment cap on debit-card interchange fees failed in the U.S. Senate on June 8 despite a 54-45 vote in its favor.
Debit Card Fee Limit: Senate Rebuffs Financial Industry
Tuesday's Senate vote to reduce the fees banks levy on individual debit card transactions represents a significant defeat for the financial industry and its formidable lobbying machine.
Pre-market movers on June 9 (M, SJM, MSI, S, SEE, CUK, JPM, CHK, SUN, SEP, URBN)
The companies whose shares are moving in pre-market trade on Thursday are: Macy's, J M Smucker, Motorola Solutions, Sprint Nextel, Sealed Air Corp, Carnival, JPMorgan Chase, Chesapeake Energy, Sunoco, Spectra Energy Partners and Urban Outfitters.
Judge signals OK of Wells Fargo gender bias accord
A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of their gender.
Singapore has highest percentage of household millionaires
With 15 percent of the households possessing assets of $1 million or more, Singapore has the highest proportion of household millionaires in the world.
US stocks slump on weak economic data
U.S. stocks slumped on Wednesday, marking the biggest decline since August, as weaker-than-expected reports on ADP private sector employment and ISM manufacturing raised concerns about the current economic soft patch.