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Brian T. Moynihan takes the stage at a Midtown Manhattan hotel on Monday to tell investors what is in store for Bank of America, but already the chief executive’s plans are generating the kind of buzz reserved for the opening of a Broadway show down the street. The NY Times reports.
Futures extended their rally Wednesday, attempting to rebound from a three-day decline, following a German court ruling in favor of the country's participation in Greece bailout.
Sallie Krawcheck, who stepped down Tuesday night from her position running Bank of America's two wealth management units, was seen as an outsider at the firm, with few ties to any of the powerful cliques within the bank.
Stocks climbed well off their worst levels Tuesday, but still lower for the third-straight day amid fears about the ongoing euro zone debt crisis and concerns over another recession.
Futures tumbled sharply Tuesday following the Labor Day weekend amid fears over global growth, despite a gain in European equities.
Stocks added to losses Friday as investors were reluctant to stay long ahead of a three-day weekend. The selloff followed a disappointing jobs report that showed employment growth halted in August, amplifying concerns over the health of the recovery.
Futures tumbled further following a report that non-farm payrolls were unchanged in August, disappointing traders who had been estimating an increase.
The Justice Department suit "isn't a negotiating tactic to extract additional asset divestitures and conditions from AT&T," says one analyst. "The DoJ and FCC intend to block the transaction."
Stocks kicked off September with a weak start, finishing near session lows in volatile trading, following a handful of mixed economic news and as investors waited for the government's monthly jobs report on Friday.
The mystery bidder that engaged in talks with the New York Mets during David Einhorn’s exclusivity period is former Glencore International trader Ray Bartoszek, according to a person familiar with the matter.
So the Department of Justice today came out and said that calling AT&T-Mobile your beloved service provider may be but a dream. AT&T will no doubt put up a strong fight, what with its five law firms, four banks, and two public relations firms on retainer—not to mention a heavy lobbying presence in Washington. But in the meantime, let’s look at who’s coming away with what.
Futures were near flat Thursday after news weekly jobless claims declined as expected and non-farm productivity was weaker than previously thought in the second quarter.
Although the DOJ said its door is open for counter-proposals from AT&T regarding the department's decision to protest a merger between AT&T and T-Mobile, a high ranking DOJ official said on Wednesday there's a "pretty high hurdle" for approving the merger.
Stocks finished higher in volatile trading Wednesday to mark a four-day rally, but despite the recent gains, all three major indexes still logged their worst month since last May. The major averages also logged its worst August in 10 years.
How much do you know about the business side of the aerospace and defense industries? Take our quiz and find out.
With the government seeking to block AT&T's deal to buy T-Mobile, investors were scrambling Wednesday. Find out where the Fast traders see opportunity.
Futures held their gains Wednesday even after a report that the private sector hired fewwer workers than expected. Investors were encouraged following news that President Obama suggested the White House had a range of policy options that could create up to a million new jobs.
Kurdistan-focused explorer Gulf Keystone Petroleum has denied merger speculation, as interest in the oil-rich region of Northern Iraq heats up.
Stocks staged a late-day rally in light, choppy trading Tuesday, following the latest Fed meeting minutes, which showed officials debated a third round of asset purchases to stimulate the economy and after investors shrugged off a disappointing consumer confidence report.
Futures were lower Tuesday even after a report that said home prices gained for the third straight month in June. Investors also waited for a key consumer confidence report later today to provide a greater indication of the state of the U.S. economy.
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