Bank of america Stories
Japan's Shiseido agrees $1.7 billion U.S. cosmetics buy
Shiseido Co Ltd , Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market.
Market looks to JPMorgan earnings for direction
JPMorgan Chase & Co. is set to report earnings tomorrow at 7:00 a.m., New York time. Analysts are expecting earnings of $0.61 per share, according to data compile by FactSet.
Wall Street ticks higher, led by tech shares
Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
U.S. banks to report weak earnings, better outlook
Fourth-quarter U.S. bank results will show anemic lending and still-rising credit losses, but investors are focused more on 2010 outlooks for signs that the fledgling recovery might take hold this year, analysts said.
BofA moves CFO to retail bank post in reshuffling
Bank of America Corp said on Tuesday it would shift its chief financial officer to a job running its retail operations and seek a replacement CFO, one of several moves by new Chief Executive Brian Moynihan to put his imprint on the bank.
BofA names new management team
Bank of America Corp on Tuesday announced a reshuffled executive management team under new Chief Executive Brian Moynihan.
Bank levy fears, Alcoa batter Wall Street
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
Banks decline amid earnings, fee worries
U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector's profits.
Wall St drops on bank levy worries, Alcoa
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
SEC sues Bank of America again, on Merrill losses
The Securities and Exchange Commission sued Bank of America Corp for a second time over its takeover of Merrill Lynch & Co, accusing the bank of failing to disclose huge losses at Merrill before shareholders voted on the merger.
Wall Street lower on earnings and bank jitters
Stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
Wall St lower on earnings, bank jitters
U.S. stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
BofA in talks to settle with Cuomo's office: report
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.
BoA in talks to settle with Cuomo's office: report
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.
Bank of America's Gregory Curl to lose risk post: report
Bank of America executive Gregory Curl is expected to lose the chief risk officer post he has held since mid-2009 as new Chief Executive Brian Moynihan installs his own circle of close lieutenants, the Wall Street Journal reported in its online edition.
U.S. judge rejects SEC bid to expand BofA complaint
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
Judge rejects SEC bid to expand BofA complaint
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
SEC seeks fresh charges against BofA
The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.
Obama, Cuomo target Wall Street bonuses
The White House and New York's top prosecutor attacked excessive Wall Street bonuses, as the nation's biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.
Cuomo seeks 2009 bonus data from Wall Street
New York's attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry's role in the near-collapse of the financial system and recession.
Wall Street bonuses in Cuomo's sights
Controversial Wall Street bonuses will be in focus on Monday as New York Attorney General Andrew Cuomo plans a midday announcement on the payouts.
BofA says bonuses will rise, but no record payouts
Bank of America Corp will likely pay some employees at its investment bank at levels significantly above last year, although there will be no record payouts, a spokesman for the bank said on Friday.
Daily Outlook - Jan 8
Cooling optimism on jobs; Fears for JAL; More big bank bonuses
Stock futures signal gains ahead of payrolls
U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.04 percent at 4.10 a.m. EST.
Bank of America to pay bonuses close to '07 levels: report
Bank of America Corp will pay its investment bankers bonuses close to the levels of 2007, as it tries to reduce defections following its takeover of Merrill Lynch & Co., the Wall Street Journal said late Thursday.
Broker views lift Dow, S&P; Nasdaq flat
The Dow and the S&P 500 ended at fresh 15-month highs on Thursday as shares of financial companies and big manufacturers advanced following positive broker comments on Bank of America and General Electric .
Wells Fargo mortgage case in Baltimore dismissed
Baltimore's defeat in a lawsuit accusing Wells Fargo & Co of steering minority borrowers to expensive home loans may not derail efforts by local governments to hold the biggest mortgage providers responsible for lending they contend hurts cities.rr
Dow, S&P gain on GE, BofA
The Dow and the S&P 500 rose on Thursday after Bank of America and General Electric rallied on positive broker comments, while the Nasdaq slipped as investors were cautious a day before the release of key monthly non-farm payrolls data.
Dow and S&P gain on GE, BofA
The Dow and the S&P 500 rose on Thursday after Bank of America and General Electric rallied on positive broker comments, while the Nasdaq slipped as investors were cautious a day before the release of key monthly non-farm payrolls data.
BofA's Moynihan confirmed for crisis hearing Wed.
Brian Moynihan, the new chief executive of Bank of America (BAC.N), has been confirmed as one of the four bank executives set to testify Wednesday before a U.S. commission created by Congress to examine the financial crisis.