Stocks Bank of America Corp

  • Here's Michelle's guest blog on why Thain should be rewarded for shepherding Merrill Lynch through an awful year, as the company was eventually taken over by Bank of America.

  • Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.

  • Jeffery Harte of Sandler O'Neill says it's time for investors to stop shunning financials. See his top stock picks.

  • Andrew Busch

    With the economy in a recession and massive jobs cuts seemingly announced daily, the public and government officials are searching for answers. Unfortunately, they are also looking to assess blame for the mess.

  • Stocks advanced Monday, but ended off session highs, as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

  • Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.

  • Stocks continued to rally Monday as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

  • Stocks continued to rally Monday as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

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    So now we know. We are in the 12th month of a nasty recession, we have lost billions in net worth, and we have lost at least a couple million jobs in 2008.

  • Growing hopes of a federal bailout for the auto industry and increased action by world governments to stem the global recession pushed stock index futures higher Monday.

  • Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.

  • The latest overall job loss numbers showed a loss of 533,000 jobs in November and the unemployment rate climbed to 6.7%.  This is the highest drop in nonfarm payrolls since 1974 and the highest unemployment rate since October 1993.  The October payroll numbers were revised to a loss of 320,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • With solid decision-making like that, any recipient should be honored.

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    Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.

  • Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week.

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    Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC

  • Stocks rallied Tuesday as investors scooped up bargains and were encouraged by news that General Electric will keep its dividend intact.

  • Stocks rose sharply Tuesday as investors scooped up beaten-down stocks after the prior session's selloff that saw the Dow give back 700 points.

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    I’m actually surprised it took this long. As more and more banks announced they were getting more and more aggressive on loan modifications, it seemed the investors in these loans were being just a little too silent.