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Bank of America Corp

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  • Merrill Lynch Wealth profit strained by expenses Wednesday, 16 Jul 2014 | 3:04 PM ET

    *Record client assets of $2 trillion trail those at Charles Schwab. NEW YORK, July 16- Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday.

  • Midday Glance: Banks companies Wednesday, 16 Jul 2014 | 2:54 PM ET

    Bank of America Corp. fell$. 31 or 1.9 percent, to $15.51. Citigroup Inc. rose$. 43 or. 9 percent, to $49.72. Goldman Sachs rose $1.70 or 1.0 percent, to $170.87.

  • Most active New York Stock Exchange-traded stocks Wednesday, 16 Jul 2014 | 2:54 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AbbVie fell. 6 percent to $53.14 with 13,607,100 shares traded. Advanced Micro Devices Inc. rose 2.7 percent to $4.65 with 46,059,000 shares traded.

  • The warning from No. 3 Justice official Tony West comes after a $7 billion settlement with Citigroup Inc and amid talks with Bank of America Corp over similar claims.

  • NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.

  • *Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • **September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.

  • Europe closes up on China; Espirito Santo sours Wednesday, 16 Jul 2014 | 11:38 AM ET

    European shares extended gains to close higher on Wednesday, as investors reacted to fresh growth data from China.

  • July 16- Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.

  • Early Glance: Banks companies Wednesday, 16 Jul 2014 | 11:11 AM ET

    Bank of America Corp. fell$. 34 or 2.2 percent, to $15.47. Citigroup Inc. rose$. 14 or. 3 percent, to $49.43. Goldman Sachs rose $1.59 or. 9 percent, to $170.76.

  • Stern Advice-I am woman (investor), hear me roar Wednesday, 16 Jul 2014 | 11:01 AM ET

    NEW YORK, July 16- Is there a target on the back of my dress? Companies like Bank of America's Merrill Lynch, Prudential Financial Inc and TD Ameritrade are studying the investing behavior of women, in the hopes of winning more of our dollars.

  • BofA offers $13 bln to settle mortgage probe-WSJ Wednesday, 16 Jul 2014 | 10:40 AM ET

    July 16- Bank of America Corp has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported, citing people familiar with the matter. The bank met U.S. Justice Department representatives on Tuesday, but no progress was made toward a final deal, the paper reported.

  • *Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.

  • Bank of America offering $13B to resolve probe Wednesday, 16 Jul 2014 | 10:35 AM ET

    Bank of America has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported.

  • Bank earnings show happy days are here again Wednesday, 16 Jul 2014 | 9:54 AM ET

    Bank results are on a roll, and it's picking up speed. Yet these stocks are starting to look pricey.

  • Bank of America quarterly profit drops 43 percent Wednesday, 16 Jul 2014 | 9:30 AM ET

    Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.

  • US stocks close higher; Time Warner soars Wednesday, 16 Jul 2014 | 9:23 AM ET

    Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.

  • Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.

  • Wall Street awaits Yellen; Time Warner stock soars Wednesday, 16 Jul 2014 | 8:31 AM ET

    U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.

  • BofA pays AIG $650 million to settle mortgage disputes Wednesday, 16 Jul 2014 | 7:56 AM ET

    NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.