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
*First Solar jumps after outlook. NEW YORK, March 19- U.S. stocks edged lower on Wednesday as after the release of the Federal Reserve's policy statement and looked ahead to comments from Federal Reserve Chair Janet Yellen.
March 7- Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
WASHINGTON, Feb 27- Orders for long-lasting U.S. manufactured goods excluding transportation and a gauge of business spending unexpectedly rose in January, offering hopeful signs for factory activity which has slowed in recent months.
Feb 25- Bank of America Corp may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
In 2012, Moynihan was awarded $12 million in total compensation: a base salary of $950,000 and $11.05 million in restricted stock. Shares in Bank of America increased 34.6 percent in 2013, in line with the rise in the KBW index of bank stocks over the year. Average pay for workers at Bank of America was $143,397 in 2013, up 7.5 percent from 2012..
*Expects 2014 adjusted EPS of $4.45- $4.60 vs est $4.32. *4th- quarter EPS 97 cents vs 62 cents last year. Regulators in North Carolina, South Carolina and Florida approved the company's request to raise utility rates from September and October.
WILMINGTON, Del., Feb 12- A judge who found what he called a "startling pattern" of abuse by plaintiffs' lawyers may have shifted the landscape of asbestos litigation with a ruling in favor of manufacturers.
NEW YORK, Feb 11- U.S. stocks rose on Tuesday after new Federal Reserve Chair Janet Yellen reinforced the central bank's plan to trim its market-friendly stimulus while noting the health of the labor market needed to improve. Yellen's appearance before the House Financial Services Committee began at 10 a.m..
NEW YORK, Feb 6- A surge in bets that shares of Green Mountain Coffee Roasters would rise sharply by the end of the week has raised suspicions, coming as it did just hours before news of a partnership deal with Coca-Cola.
WASHINGTON, Feb 6- The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
WASHINGTON, Feb 4- New orders for U.S. factory goods outside of the volatile transportation sector rose for a third straight month in December, easing concerns of an abrupt slowdown in manufacturing activity.
WASHINGTON, Jan 31- U.S. consumer spending rose in December, but an ebb in consumer confidence and signs of cooling in factory activity this month suggested economic growth could moderate in the first quarter.
WASHINGTON, Jan 28- Rising household spending and exports likely pushed the U.S. economy ahead at a decent clip in the fourth quarter, building a foundation for stronger growth this year. The other was on the inventory front, "said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.
The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.
NEW YORK/ WASHINGTON, Jan 25- The U.S. Department of Justice and the Commodity Futures Trading Commission have both held investigations into whether Bank of America engaged in improper trading by doing its own futures trades ahead of executing large orders for clients, according to a regulatory filing.
NEW YORK, Jan 21- Think of it as "Failure to. When the Pew Research Center, a Washington- based think tank, released a 2013 report on the "sandwich generation"- those in their 40 s and 50 s who are often squeezed between caring for their kids and their elderly parents as well- the numbers were stunning.
WASHINGTON, Jan 16- The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary.
Jan 15- Bank of America Corp said on Wednesday quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis.
Jan 15- Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Bank of America joins JPMorgan Chase& Co and Wells Fargo& Co in reporting better-than-expected quarterly earnings.
2013 couldn't have gone much worse for the porn industry.