When hedge-fund manager Todd Buchholz got a call from his mom about a CD that paid 4%, he was dubious. Here is their hilarious exchange.» Read More
Citigroup Inc. rose$. 19 or. 4 percent, to $49.70. Goldman Sachs fell$. 59 or. 3 percent, to $173.96. JPMorgan Chase rose$. 33 or. 6 percent, to $57.56.
Bank of America Corp. rose$. 04 or. 3 percent, to $15.49. Citigroup Inc. rose$. 39 or. 8 percent, to $49.90. Goldman Sachs fell$. 51 or. 3 percent, to $174.04.
Bank of America Corp. rose$. 23 or 1.5 percent, to $15.45. Citigroup Inc. rose$. 79 or 1.6 percent, to $49.51. JPMorgan Chase rose$. 48 or. 8 percent, to $57.23.
Bank of America Corp. rose$. 12 or. 8 percent, to $15.34. JPMorgan Chase rose$. 44 or. 8 percent, to $57.19. US Bank rose$. 44 or 1.1 percent, to $41.71.
ATLANTIC CITY, N.J.— If the owners of Revel Casino Hotel had their way, the $2.4 billion resort would have been shut down on Monday. Revel Entertainment had asked New Jersey casino regulators for permission to close down on Aug. 18.
Bank of America Corp. fell$. 10 or. 7 percent, to $15.22. Citigroup Inc. fell$. 41 or. 8 percent, to $48.72. Goldman Sachs fell$. 83 or. 5 percent, to $171.90.
OMAHA, Neb.— In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge& Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge& Iron by 1.2 million shares.
Bank of America Corp. fell$. 16 or 1.0 percent, to $15.16. Citigroup Inc. fell$. 64 or 1.3 percent, to $48.49. Goldman Sachs fell$. 73 or. 4 percent, to $172.00.
Bank of America Corp. rose$. 04 or. 2 percent, to $15.36. Citigroup Inc. rose$. 28 or. 6 percent, to $49.41. Goldman Sachs rose $1.64 or. 9 percent, to $174.37.
NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.
Ambac was also negotiating on behalf of Erste Europäische Pfandbrief-und Kommunalkreditbank AG, the holder of the bonds, and Wells Fargo Bank, the bond trustee and the flagship bank of Wells Fargo& Co. Details of the negotiations are subject to a judicial gag order.
NEW YORK, Aug 14- Warren Buffett's Berkshire Hathaway Inc disclosed a new $366 million stake in cable TV operator Charter Communications Inc and pared its holdings in two other pay-TV companies, part of a flurry of changes in its stock investments during the second quarter. DirecTV is awaiting regulatory approval to sell itself to AT&T for $48.5 billion.
OMAHA, Neb.— Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio. Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.
OMAHA, Neb.— Naysayers have been calling shares of Warren Buffett's company overpriced for decades. "Everybody has now been proven wrong on it," said Andy Kilpatrick, who wrote "Of Permanent Value: The Story of Warren Buffett."
Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
Aug 14- Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore.
Bank of America Corp. rose$. 04 or. 3 percent, to $15.25. Citigroup Inc. rose$. 31 or. 6 percent, to $48.75. Goldman Sachs rose$. 04 or percent, to $172.37.
Bank of America Corp. rose$. 03 or. 2 percent, to $15.24. Citigroup Inc. rose$. 30 or. 6 percent, to $48.74. Goldman Sachs rose$. 11 or. 1 percent, to $172.44.
Aug 13- Rigel Pharmaceuticals Inc said it would stop testing its drug for some patients with dry eye disease after the treatment failed a mid-stage study. British drugmaker AstraZeneca Plc scrapped its licensing deal for Rigel's rheumatoid arthritis treatment in June 2013.
Bank of America Corp. rose$. 02 or. 1 percent, to $15.23. Citigroup Inc. rose$. 25 or. 5 percent, to $48.69. Goldman Sachs fell$. 43 or. 2 percent, to $171.90.