A US magistrate judge recommended dismissal of a lawsuit against Bank of America over $850 million in mortgage debt, according to a court filing.» Read More
Why high oil prices are actually good for airlines. NEW YORK— Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. The average cost of a roundtrip domestic ticket grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.
NEW YORK— Mel Gravely says his construction company might not exist today if he didn't have mentors to guide it.
CHARLOTTE, N.C.— Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges.
April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.
NEW YORK— Miley Cyrus is canceling another concert and remains hospitalized for a severe allergic reaction to antibiotics. A representative for the 21- year-old says in a statement that Cyrus is canceling her Wednesday performance at the Scottrade Center in St. Louis. Tickets for the St. Louis concert are being refunded.
April 9- Bank of America Corp said on Wednesday that it will close three foreign offices and eliminate about 3,000 jobs over the next nine to 12 months in an effort to simplify its global operations.
RALEIGH, N.C.— North Carolina legislators on Wednesday backed replacing fragmented local business privilege taxes with a streamlined, flat-fee system many hope will get passed when the full General Assembly convenes next month.
WASHINGTON— Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.
NEW YORK— Bank of America says it's cutting about 3,000 jobs overseas as part of ongoing reviews of its global operations. The jobs are located in Costa Rica, the Philippines and Mexico.
CHARLOTTE, N.C.— Motorists across North Carolina are hoping the oil industry will soon put the brakes on rising gasoline prices. AAA Carolinas says the average price of gas in the state has jumped 15 cents in the last month from $3,38 on March 8 to $3.53 on Tuesday.
RALEIGH, N.C.— North Carolina regulators are joining with Duke Energy in appealing a judge's ruling on cleaning up groundwater pollution leeching from the company's coal ash dumps. The state Environmental Management Commission filed notice Monday that it intends to appeal a March 6 ruling by Superior Court Judge Paul Ridgeway.
*U.S. private sector payrolls rise 191,000 in March. WASHINGTON, April 2- U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.
March 31- A federal judge on Monday recommended letting the U.S. Securities and Exchange Commission pursue a lawsuit against Bank of America Corp over $855 million of mortgage securities that soured during the global financial crisis.
March 31- A federal judge on Monday recommended rejecting Bank of America Corp's bid to dismiss a U.S. Securities and Exchange Commission lawsuit over $855 million of mortgage securities that soured during the global financial crisis.
*Business travelers splash out on New York- London route. ATLANTA, March 30,- Delta Air Lines has been making inroads in the dogfight over the lucrative market for business travel between New York and London, but the newly merged American Airlines Group is fighting back.
March 27- A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the financial crisis.
NEW YORK, March 27- A U.S. magistrate judge recommended dismissal of a lawsuit against Bank of America Corp over $850 million in mortgage debt, according to a court filing.
NEW YORK, March 27- Everyone knows there are a few hot-button topics that can make any conversation go nuclear. But when it comes to the most difficult conversation you can possibly have, a new survey from Wells Fargo& Co found one clear winner: money.
NEW YORK, March 26- Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch& Co..
WASHINGTON, March 26- Orders for long-lasting U.S. manufactured goods rebounded in February and shipments snapped two straight months of declines, providing fresh signs the economy was shaking off some of its winter gloom.