Fares Noujaim, an executive vice chairman at Bank of America has left the company abruptly.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell. 9 percent to $3.93 with 9,956,500 shares traded. Alcoa Inc. fell 1.6 percent to $16.45 with 12,457,700 shares traded.
"There is some nervousness out there so some money is coming out of the high flyers and some of it is people getting ready to raise some cash to put to work to Alibaba," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
*Yahoo gives up near 3 pct jump, volume high. Alibaba Group plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said, giving a short-lived push to shares of Yahoo, who owns a 23 percent stake.
Bank of America Corp. rose$. 01 or. 1 percent, to $16.80. Citigroup Inc. fell$. 37 or. 7 percent, to $52.01. Goldman Sachs fell$. 53 or. 3 percent, to $182.65.
Economists expect Beijing to turn on the stimulus taps to prop up the economy following a sharp deceleration in activity growth in August.
Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.
With all the new Apple products introduced this week, it might be the software that makes the biggest splash.
Syncora, which pegs its claim at about $400 million, worked out a three-part deal involving city-owned land and contracts.
Bank of America Corp. rose$. 22 or 1.3 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.38. Goldman Sachs rose $2.17 or 1.2 percent, to $183.17.
WASHINGTON— British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.
NEW YORK, Sept 12- U.S. stocks fell on Friday, with major indexes on track to snap five-week winning streaks, as energy shares again led the market down. Exxon Mobil fell 1.2 percent to $95.85 while Chevron Corp was down 0.9 percent at $122.67.
Only 15% of pre-retirees have tried to figure out how much money they might need for health care and long-term care in retirement, reports USA Today.
NEW YORK, Sept 12- HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.0 percent to $34.50 with 19,988,500 shares traded. Alcoa Inc. fell 1.1 percent to $16.72 with 20,034,400 shares traded.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
NEW YORK, Sept 12- U.S. stocks were lower on Friday, with energy again leading the market down after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp fell 0.9 percent to $96.12 on Friday while ConocoPhillips was down 0.9 percent to $78.67.
NEW YORK, Sept 12- U.S. stocks were slightly lower on Friday as the latest economic data gave investors few reasons to buy with indexes still hovering near record levels. The day's losses continued a recent trend of being shallow but broad, with nine of the ten primary S&P 500 sectors down on the day.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.