Stocks pared losses Monday afternoon as techs and retailers rose in the final half hour of trading as the market continued to digest a potential insider trader scandal as well as a lack of clarity over the direction of financially troubled European countries. BofA and JPMorgan fell, while HP rose.
Stocks slumped as a lack of positive news failed to counter worries about Europe's efforts to address debt problems in Ireland as well as other periphery euro zone countries. Bank of America and JP Morgan fell, HP rose.
After Warren Buffett wrote an op-ed piece in the New York Times restating his belief that the intervention of the government was a success, and in published reports reiterated his view that taxes should be raised on the affluent, critics howled...It is my view that anti-Buffett rhetoric is really a smokescreen for critics protesting the interventionist activities of the Bush and Obama administrations when financial markets froze in 2008.
Market commentators and Warren Buffett followers have been buzzing after seeing the Oracle of Omaha's op-ed piece featured in The New York Times. ...A report from TheStreet.
Wells Fargo will pay Citigroup $100 million to settle a legal dispute over the contentious 2008 purchase of Wachovia, the companies said on Friday.
For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy. But it pains me whenever I read commentary from Buffett that glosses over reality or is somehow self-serving.
Changing the face of foreclosure in America will take some time, several state attorneys general said Wednesday, cautioning that an agreement with major lenders over revamped foreclosure practices was not imminent. The New York Times reports.
Stocks ended mixed after trading in a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors, ahead of General Motors highly anticipated initial public offering. Home Depot fell, while McDonald's rose.
Stocks turned negative after trading within a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors. Home Depot fell, while Merck rose.
The securities members of Congress held in their personal portfolio in 2009 are some of the biggest companies in the world, ranging from banks to pharmaceuticals to oil giants.
The Federal Reserve has adopted a plan to let healthy banks boost dividends paid to investors.
Despite a devastating recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to study released Wednesday by the Center for Responsive Politics.
The vast windows of the room had a terrific view of Central Park at night. It hardly seemed like the time or place to discuss the mortgage repurchase exposure of Citigroup, Bank of America and JPMorgan Chase.
Stocks were slightly higher but trading in a narrow band after a batch of economic data confirmed slow growth in the U.S. economy and as traders awaited more clarity concerning a potential bailout of Ireland's banks. Merck rose, while Home Depot fell.
Sources on both sides of the 50-state attorney's general investigation into so-called "robo-signing" foreclosure practices tell me they are nearing a settlement.
Sources on both sides of the 50-state attorney's general investigation into so-called "robo-signing" foreclosure practices tell me they are nearing a settlement. As Bank of America spacer, JP Morgan Chase spacer and Iowa Attorney General Tom Miller square off today before the Senate Banking Committee, the framework of a deal is taking shape.
Retired Americans are racking up credit-card debt like never before, be it for vacations or medical expenses, and here's their dirty little secret: A surprising number have no intention of paying it off before they die.
But he told us he was selling financials, so the scandal-mongers have it all wrong.
In California’s Simi Valley, 4,000 employees of Bank of America handle 50,000 calls a day about mortgages and homes in peril, the New York Times reports.
Warren Buffett's Berkshire Hathaway was busy in the third quarter. The company's quarterly stock portfolio filing with the SEC shows that during the three months ending September 30, Berkshire added a new stake in Bank of New York Mellon, while eliminating holdings in five companies.