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Bank of America Corp

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  • Reader Poll: Lehman Layoffs Monday, 10 Mar 2008 | 1:03 PM ET

    Investment bank Lehman Brothers is laying off 5 percent of its work force across all lines of its business, CNBC has learned.

  • Countrywide Shares Plunge on Report of FBI Probe Monday, 10 Mar 2008 | 11:50 AM ET

    The federal authorities have opened a criminal inquiry into Countrywide Financial for suspected securities fraud as part of the continuing fallout over the mortgage crisis, government officials with knowledge of the case said on Saturday.

  • Financials Top Market Concerns Monday, 10 Mar 2008 | 9:35 AM ET

    U.S. futures up slightly, just off highs of morning, European markets flat, Asian markets down 2-3 percent. Malaysia's KLSE Composite down 9.5 percent; Malaysia stock market temporarily halted during session; political unrest after major upsets by opposition party during weekend elections.

  • Carlyle Capital Asks Lenders for More Time Monday, 10 Mar 2008 | 6:52 AM ET

    Carlyle Capital Corp, an affiliate of private equity firm Carlyle Group, said on Monday it has asked lenders for a standstill agreement as it faces more than $400 million in margin calls.

  • Weekly Wrap: Smart Moves When Markets Go Wild Saturday, 8 Mar 2008 | 7:13 AM ET

    It was a week to rattle the nerves of even the most unshakable investor, with another wave of credit concerns, indecisive retail sales results, and sobering employment numbers. 

  • Good Picks In a Bad Week Friday, 7 Mar 2008 | 11:42 AM ET

    "I think there's lots of good ideas in a market that's difficult," George Shipp of Scott & Stringfellow told CNBC.  He spoke at the end of a difficult week, following the release of difficult jobs data, with the economy and the market still facing difficult credit challenges.

  • Apple: The LIVE Blog From Today's iPhone Event Thursday, 6 Mar 2008 | 1:01 PM ET
    Apple iPhone

    This is the post of the live blog I did today on the Apple iPhone event at Apple headquarters in Cupertino, California. Please enjoy reading it the first time or again if you were with me earlier today. It reads from my last posting at the top to the very first at the bottom of the page.

  • Stocks Claw Their Way Back as Oil Tops $104 Wednesday, 5 Mar 2008 | 5:10 PM ET

    Stocks clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.

  • Stocks Turn Mixed After Ambac News Wednesday, 5 Mar 2008 | 2:34 PM ET

    Stocks pulled back in afternoon trading Wednesday, led by financials, as news on Ambac trickled out.

  • ISM Services Report Boosts Stocks Wednesday, 5 Mar 2008 | 11:43 AM ET

    Stocks shot higher Wednesday after a better-than-expected reading on the services sector.

  • Stocks Finish Mixed After Volatile Session Monday, 3 Mar 2008 | 5:22 PM ET

    Stocks recovered from earlier losses to finish flat Monday in a volatile session riddled with weak economic data, big auto-sales declines and concerns about more fallout from the housing slump.

  • Countrywide Sees Potential for More Credit Losses Monday, 3 Mar 2008 | 8:25 AM ET

    Countrywide Financial, the largest U.S. mortgage lender, said it may see more credit losses as downward trends in the economy and in the real estate market conspire to boost delinquency rates.

  • Troubled Homeowners Still Find Help Hard to Get Wednesday, 27 Feb 2008 | 11:36 AM ET

    As the housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises.

  • I was supposed to be on a plane right now to Denver, and then drive to Avon, Colorado, to "stake out" the Countrywide junket for lenders at the Ritz Carlton (see post from colleague Diana Olick). But after the Wall Street Journal reported the detes on the luxurious ski trip for 30 smaller lenders--Countrywide decided to nix the annual funfest.

  • There’s something called remorse. Maybe you’ve heard of it. Clearly Countrywide Financial spacer is not in touch with that emotion right now. While many Americans are struggling to pay mortgages they never should have been offered or are staring down the face of foreclosure...

  • On Road to Recovery, Stocks Wait for Real Estate Wednesday, 20 Feb 2008 | 1:39 PM ET
    For Sale Signs

    Many on Wall Street believe the stock market will not stabilize until it can do so on the shoulders of a real estate recovery.

  • Stock Gains Evaporate After Oil Hits $100 Tuesday, 19 Feb 2008 | 4:55 PM ET

    Stock gains evaporated Tuesday after oil prices hit $100 a barrel.

  • Stocks Bounce After Housing Report Tuesday, 19 Feb 2008 | 2:00 PM ET

    U.S. stocks opened higher Tuesday, led by energy as supply disruptions boosted oil prices.

  • Is Calif. Real Estate Looking Golden Again? Tuesday, 19 Feb 2008 | 12:27 PM ET

    A friend of mine, John Piscitelli, is an appraiser. It’s been a very rough year. But suddenly, he has more work than he knows what to do with. He tells me, “...The weird thing is that all of a sudden on Wednesday and Thursday the appraisal management company for Bank of America sent me 11 orders." These calls are for homes all over the greater Los Angeles area.

  • Energy Stocks Lead Dow Higher Tuesday, 19 Feb 2008 | 11:13 AM ET

    U.S. stocks opened higher Tuesday, led by energy as supply disruptions boosted oil prices.