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Apple new mobile payments system is winning over financial industry heavyweights, signaling the likely demise of lesser payment alternatives.
Bank of America Corp. fell$. 09 or. 5 percent, to $16.95. Citigroup Inc. fell$. 18 or. 3 percent, to $53.48. Goldman Sachs fell $1.69 or. 9 percent, to $186.20.
NEW YORK, Sept 19- A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
SAN FRANCISCO, Sept 19- By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies.
But Apple Inc's new mobile payments system- unveiled just ten days ago- is already winning over the heavyweights of the financial industry and signaling the likely demise of lesser payment alternatives.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. fell. 5 percent to $16.95 with 85,093,900 shares traded. Coca-Cola Co. rose. 6 percent to $42.05 with 43,893,700 shares traded.
Bank of America Corp. fell$. 12 or. 7 percent, to $16.93. Citigroup Inc. fell$. 29 or. 5 percent, to $53.37. Goldman Sachs fell $1.56 or. 8 percent, to $186.33.
Bank of America Corp. rose$. 03 or. 2 percent, to $17.07. Citigroup Inc. fell$. 06 or. 1 percent, to $53.60. Goldman Sachs fell$. 48 or. 3 percent, to $187.41.
TORONTO, Sept 19- Canadian pipeline operator TransCanada Corp said on Friday its current corporate structure, asset base and financial strength are critical to its ability to maneuver and deliver on its growth strategy.
Bank of America Corp. rose$. 27 or 1.6 percent, to $17.04. Citigroup Inc. rose $1.27 or 2.4 percent, to $53.66. Goldman Sachs rose $3.07 or 1.7 percent, to $187.89.
Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
NEW YORK, Sept 18- A U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup Inc warned it faces "serious and imminent hazard" if it follows a judge's order not to process an upcoming interest payment due to bondholders.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.
NEW YORK, Sept 18- Citigroup argued before a U.S. appeals court on Thursday it faces "a serious and imminent hazard" if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued under local laws following its 2002 default.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
*Mechanical problems seen with diminished repo facility. *Central bank unveiled longer-term' normalization' plan. NEW YORK, Sept 18- No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
*Visa exploring options for 5.5 pct stake in Monitise. *Visa fourth-biggest stakeholder in Monitise. Sept 18- Monitise Plc lost more than a third of its market value after Visa Inc, its biggest customer, revealed plans to divest its stake in the company and pursue development of its own mobile payment systems.
Bank of America Corp. rose$. 35 or 2.1 percent, to $17.12. Morgan Stanley rose$. 61 or 1.7 percent, to $36.17. US Bank rose$. 35 or. 8 percent, to $43.04.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose 1.6 percent to $17.04 with 108,090,900 shares traded. Citigroup Inc. rose 2.4 percent to $53.66 with 27,017,700 shares traded.