A group led by hedge-fund manager Bill Ackman is reportedly set to buy a Manhattan penthouse for more than $90 million.» Read More
U.S. banks, Internet service providers and security companies "have had trouble keeping up with the recent DDoS attacks that have had the sophistication and the level of resources that a nation-state entity like Iran can devote to them," House Intelligence Committee Chairman Mike Rogers told Reuters.
Bank of America Corp. rose$. 07 or. 5 percent, to $13.43. Citigroup Inc. rose$. 84 or 1.7 percent, to $51.45. Goldman Sachs rose $3.71 or 2.4 percent, to $158.18.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 6.0 percent to $4.06 with 21,590,400 shares traded. Bank of America Corp. rose. 4 percent to $13.42 with 53,087,000 shares traded.
Bank of America Corp. rose$. 06 or. 4 percent, to $13.42. Citigroup Inc. rose$. 81 or 1.6 percent, to $51.42. Goldman Sachs rose $3.17 or 2.1 percent, to $157.64.
The volume of takeovers worldwide has dropped 7 percent year to date to $750 billion, with the week to Thursday marking the slowest week for acquisitions this year, Thomson Reuters data showed on Friday.
NEW YORK-- Shares in companies that do defense contracting work rose across the board Friday on the heels of a huge stock buyback program announced by Northrop Grumman, sending it and others to all-time highs. Shares of General Dynamics are up 22 percent over the past year, Lockheed Martin is up 28 percent, and Raytheon is up 33 percent.
Bank of America Corp. rose$. 15 or 1.1 percent, to $13.51. Citigroup Inc. rose$. 71 or 1.4 percent, to $51.32. Goldman Sachs rose $2.64 or 1.7 percent, to $157.11.
Citi analyst Deborah Weinswig, who backed her "Neutral" rating for the stock, said the quarter's results were "disappointing from nearly top to bottom."
A group led by hedge-fund manager Bill Ackman is reportedly set to buy a Manhattan penthouse for more than $90 million.
WASHINGTON, May 16- Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading platforms.
Bank of America Corp. fell$. 08 or. 6 percent, to $13.36. Citigroup Inc. fell$. 73 or 1.4 percent, to $50.61. Goldman Sachs fell $1.14 or. 7 percent, to $154.47.
NEW YORK-- Citigroup's foreign currency traders will soon stop using a chat-room function on their Bloomberg terminals for communication within the bank, and use Citi's own internal chat tool instead. "This move has been in the works for some time and is unrelated to recent issues," said Jeff French, a spokesman for Citi in London.
Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.
NEW YORK-- Citigroup's foreign currency traders will soon stop using a messaging system on their Bloomberg terminals and use an internal chat tool instead. Other traders will still be able to use the chat function on their Bloomberg terminals.
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
Bank of America Corp. rose$. 02 or. 1 percent, to $13.46. Citigroup Inc. fell$. 13 or. 3 percent, to $51.21. Goldman Sachs rose$. 32 or. 2 percent, to $155.93.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell 13.6 percent to $3.79 with 52,930,100 shares traded. Bank of America Corp. rose. 1 percent to $13.46 with 57,031,100 shares traded.
Citigroup is banning some traders from accessing internal chat groups on their Bloomberg terminals, in the latest sign of concern by banks over online security issues.
Bank of America Corp. rose$. 04 or. 3 percent, to $13.48. Citigroup Inc. fell$. 24 or. 5 percent, to $51.10. Goldman Sachs rose $1.03 or. 7 percent, to $156.64.
WASHINGTON, May 16- Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watered-down rules for swap trading that will chip away at Wall Street's dominance of the $630 trillion market.