More than a year after the nation’s five largest mortgage servicers signed a $26 billion legal settlement, those same servicers still need to do better, according to a new report.» Read More
Citi analyst Glen Yeung said that memory prices are likely to continue to rise. Additionally, they said that Intel, Microsoft and other PC makers' increased focus on making lower-cost notebooks could stimulate demand for personal computers, which could also benefit Micron.
Bank of America Corp. rose$. 10 or. 8 percent, to $13.17. Citigroup Inc. rose$. 56 or 1.1 percent, to $49.78. Goldman Sachs rose $1.25 or. 8 percent, to $164.17.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 3.6 percent to $4.08 with 20,800,400 shares traded. Alpha Natural Resources Inc. fell 5.3 percent to $5.68 with 12,611,600 shares traded.
CHELMSFORD, Mass.-- Datawatch is buying real-time visual data software company Panopticon Software AB in an all-stock deal valued at about $31.4 million. Datawatch, which is based in Chelmsford, Mass., provides information optimization products that help businesses analyze and manage data.
DETROIT, June 17- General Motors Co on Monday named a new head for its North American manufacturing, replacing an executive who last week was assigned to cut waste at the U.S. automaker.
Bank of America Corp. rose$. 16 or 1.2 percent, to $13.23. Citigroup Inc. rose$. 94 or 1.9 percent, to $50.16. Goldman Sachs rose $1.87 or 1.1 percent, to $164.79.
SINGAPORE, June 17- Brent crude futures steadied around $106 a barrel on Monday after hitting more than two-month highs in the previous session, as worries over bulging U.S. inventories and soft global demand forecasts offset supply concerns tied to Middle East tensions.
TOKYO, June 17- Japanese government bonds began the week on shakier footing on Monday, with the benchmark yield edging higher as stocks rose and investors positioned for this week's 20- year sale.
Bank of America Corp. fell$. 14 or 1.1 percent, to $13.07. Citigroup Inc. fell $1.07 or 2.1 percent, to $49.22. Goldman Sachs fell $2.90 or 1.7 percent, to $162.92.
Russian tycoon Dmitry Itskov is convening a meeting of the minds to explore the possibility of creating lifelike copies of humans, something he thinks is possible by 2035.
Cutting is now in full swing from north Texas to the Kansas border, "said Mark Hodges, director of the farmers group Plains Grains Inc. The increasing supply weighed on futures, with Chicago Board of Trade July wheat easing 4-3/ 4 cents to $6.80- 3/ 4 per bushel, the lowest settlement since April 2.
June 14- JPMorgan Chase& Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary fees on delinquent mortgage borrowers, a federal judge ruled. Rogers also dismissed racketeering claims against JPMorgan, but said the plaintiffs can try again to pursue them.
Bank of America Corp. fell$. 13 or. 9 percent, to $13.09. Citigroup Inc. fell$. 83 or 1.7 percent, to $49.46. Goldman Sachs fell $2.15 or 1.3 percent, to $163.67.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. fell. 7 percent to $36.04 with 10,958,300 shares traded. Bank of America Corp. fell. 9 percent to $13.09 with 45,613,500 shares traded.
Wells Fargo has been the strongest and most consistent earnings performer among the big banks, but analysts have differing views on the stock.
*FTSEurofirst 300 up 0.2 pct on day. LONDON, June 14- European shares finished firmer on Friday, supported by signs of merger and acquisition activity in the region and by weak U.S. economic data backing the case for central bank stimulus. I remain cautiously bullish, "said Neil Marsh, strategist at Newedge.
Farmers were gathering hard red winter wheat in Texas and Oklahoma, with harvest likely to begin soon in the top growing state of Kansas. "
Bank of America Corp. fell$. 05 or. 4 percent, to $13.16. Citigroup Inc. fell$. 20 or. 4 percent, to $50.09. Goldman Sachs fell$. 93 or. 6 percent, to $164.89.
PHOENIX-- Nearly 65,000 Arizonans who lost their homes to foreclosure from 2008 to 2011 will receive checks for $1,480 this summer. Arizona Attorney General Tom Horne says it's part of a settlement with the nation's five largest banks. The $96.5 million settlement involved Ally/ GMAC, Bank of America Corp., Citi, JPMorgan Chase& Co., and Wells Fargo& Co..
*Basic resources advance, Citi upgrades sector. LONDON, June 14- European shares erased an early advance to trade flat on Friday as investors braced for a batch of U.S. economic data later in the session. May inflation figures due at 1230 GMT and sentiment data at 1355 GMT which could provide fresh clues as to when the U.S.