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Bonnie Papandrea, Wilkinson & Associates powered by ERA, explains what money can buy you in Charlotte, North Carolina.
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Net income rose to $2.62 billion, or 20 cents per share, from $653 million, or 3 cents per share, in the year-earlier quarter, when earnings were affected by a host of one-time items including a $4.8 billion charge related to the value of its debt.
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April 17- Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt.
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*Consumer prices fall 0.2 percent in March. WASHINGTON, April 16- U.S. consumer prices fell in March for the first time in four months as the cost of gasoline tumbled, providing scope for the Federal Reserve to maintain its monetary stimulus to speed up economic growth.
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WASHINGTON, April 16- Ground-breaking to build new U.S. homes rose in March to the highest level since June 2008, adding to evidence of a healthier housing market. The Commerce Department said on Tuesday that starts at building sites for homes rose 7.0 percent last month to a 1.04 million-unit annual rate.
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LISBON, April 14- After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy.
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LISBON, April 14- After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy.
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NEW YORK, April 5- Bank of America Corp on Friday won a federal judge's approval for a $2.43 billion settlement with investors who said the lender hid crucial information when it bought Merrill Lynch& Co..
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NEW YORK, April 2- A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities. A panel of New York's Appellate Division said MBIA did not need to wait for loans to go into default before it could force Bank of America to buy them back.
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FRANKFURT/ VIENNA, March 26- When Wolfgang Eder and his team started looking around for a site for a new plant for Voestalpine, the Austrian steelmaker he heads, they had 17 sites in eight countries on their list.
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BOSTON/ CHARLOTTE, March 25- Bank of America Corp Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy that the bank instituted following investor pressure.
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WASHINGTON, March 21- A downward trend in jobless claims, an increase in factory activity and a rise in sales of existing homes pointed to growing momentum in the U.S. economy during the first quarter of the year. There is enough strength in the economy to generate jobs on a sustained basis, "said Sam Bullard, an economist at Wells Fargo in Charlotte, North Carolina.
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*Nonetheless lets JPMorgan, Goldman proceed with plans. *Shares of JPMorgan, Goldman and BB&T fall after hours. March 14- In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs and JPMorgan Chase that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.
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March 14- Steelmaker Nucor Corp forecast a drop in first-quarter earnings per share on Thursday, and said its mills have not seen the seasonal improvement they usually do in the first quarter. At the same time, Nucor said its downstream steel products business has seen a seasonal slowdown, and it expects "a modest loss" in that segment.
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For example, Citigroup Inc, which has been bailed out multiple times by the U.S. government, showed up on the score sheets posted by the Federal Reserve on Thursday as being clearly safer than JPMorgan Chase& Co..
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March 8- Ally Financial Inc stepped up its defense against the U.S. Ally's test score suffered because the Fed appeared to count mortgage liabilities that the lender has been seeking to shed through the bankruptcy of its Residential Capital mortgage unit, a source familiar with the matter said.
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Hong Kong, March 8- Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its U.S. home turf, Chief Executive Brian Moynihan said, an area ripe for expansion where it lags its big rivals.
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WASHINGTON, March 7- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting a pick-up in the labor market recovery and the pace of economic growth. Fundamentally, we are getting on a little better footing right now, "said Omair Sharif, an economist at RBS in Stamford, Connecticut.
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*Bank of America, Societe Generale plan appeal. March 4- MBIA Inc on Monday won the dismissal of a lawsuit by Bank of America Corp and Societe Generale SA challenging its 2009 restructuring, sending the bond insurer's shares up 24 percent.
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*Bank of America, Societe Generale plan appeal. March 4- MBIA Inc on Monday won the dismissal of a lawsuit by Bank of America Corp and Societe Generale SA challenging its 2009 restructuring, sending the bond insurer's shares up as much as 25 percent.
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*MBIA rises 24 pct on news. March 4- A New York state court dismissed on Monday a lawsuit by a group of banks against bond insurer MBIA Inc that challenged the firm's 2009 restructuring.