The "Fast Money" traders give their final trades of the day.» Read More
OMAHA, Neb., May 1- The sign for the Nebraska Furniture Mart on Dodge Road in Omaha contains a cartoon of Warren Buffett and a big number "50," a number looming large for Berkshire Hathaway Inc shareholders this weekend as they celebrate the investing legend's half a century running the conglomerate. SELECTED COMPANIES OWNED BY BERKSHIRE Benjamin Moore, Berkshire...
April 30- Pharmacy service provider Omnicare Inc is getting buyout interest from potential buyers, including Express Scripts Holding Co and CVS Health Corp, Bloomberg reported, citing people with knowledge of the matter. Omnicare is working with Bank of America Corp and Centerview Partners to explore options including a sale, the report said.
Some of Warren Buffett's biggest investment may be losing their "mojo."
Some of the names on the move ahead of the open.
NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...
Bank of America Corp. rose$. 33 or 2.1 percent, to $15.98. Citigroup Inc. rose$. 74 or 1.4 percent, to $53.76. Goldman Sachs rose $1.07 or. 5 percent, to $198.56.
Bank of America Corp. rose$. 31 or 2.0 percent, to $15.96. Citigroup Inc. rose$. 49 or. 9 percent, to $53.51. US Bank fell$. 01 or percent, to $42.86.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 3 percent to $34.76 with 39,838,600 shares traded. Bank of America Corp. rose 2.1 percent to $15.98 with 122,945,200 shares traded.
Bank of America Corp. rose$. 17 or 1.1 percent, to $15.82. Citigroup Inc. rose$. 33 or. 6 percent, to $53.35. US Bank rose$. 17 or. 4 percent, to $43.04.
*Weak economic data complicates Fed rate hike plan. WASHINGTON, April 29- As the Federal Reserve's policy-setting committee wraps up its third meeting of the year, a critical task awaits the U.S. central bank: narrowing the wide gap between how it and the markets view the path of interest rates. Gross domestic product expanded at a 0.2 percent annual rate in the...
Most economists expect growth to rebound in the coming months as short-lived problems, such as a West Coast port strike, dissipate. "It's hard to sugar-coat today's number," said Michael Feroli, an economist at JPMorgan Chase. Ethan Harris, global economist at Bank of America Merrill Lynch, estimates it shaved 0.5 percentage points from growth.
WASHINGTON, April 29- As the Federal Reserve's policy-setting committee wraps up its third meeting of the year, a critical task awaits the U.S. central bank: narrowing the wide gap between how it and the markets view the path of interest rates. The Fed faces a dilemma this week, according to Bank of America: accommodate market expectations of a later lift-off, or "...
NEW YORK— Although the Great Recession ended nearly six years ago, many small business owners still feel their companies haven't recovered. That's the finding of a survey released Wednesday by Bank of America. Employment growth at small businesses has remained low even as the overall economy has picked up since the recession ended in June 2009.
Nearly two-thirds of owners in a Bank of America survey said their companies are still recovering from the downturn that officially ended nearly six years ago. The Bank of America findings are a reminder that the economic recovery is not only slow-paced but also fragmented, with companies whose customers are consumers and other small businesses lagging...
With results in from 47 percent of S&P 500 companies as of Tuesday, first-quarter earnings are expected to have risen 0.02 percent from a year ago, according to Thomson Reuters data, which is based on actual results and estimates for companies still to report. Apple Inc, which reported results late Monday, gave the biggest boost to S&P 500 earnings estimates,...
Bank of America Corp. rose$. 09 or. 6 percent, to $15.65. Citigroup Inc. rose$. 22 or. 4 percent, to $53.02. Goldman Sachs rose$. 97 or. 5 percent, to $197.49.
The Consumer Financial Protection Bureau is coming down on illegal overdraft fees, fining Regions Bank $7.5 million.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AK Steel Holding Corp. rose 9.4 percent to $5.35 with 22,809,400 shares traded. AT&T Inc. rose 2.3 percent to $34.86 with 48,346,300 shares traded.
Bank of America Corp. rose$. 07 or. 4 percent, to $15.63. Citigroup Inc. fell$. 11 or. 2 percent, to $52.70. Goldman Sachs rose$. 32 or. 2 percent, to $196.84.
April 28- Document and data storage services company Iron Mountain Inc said it will buy Australia- listed data protection services provider Recall Holdings Ltd for about $2.2 billion in cash and stock. Atlanta, Georgia- based Recall rejected an offer of A $7 per share from Boston- based Iron Mountain in December, saying the premium was too low.