Warren Buffett is happy to admit his mistakes when he makes them—just don't remind him how much money he lost in the process.» Read More
Banks may not be lending to home buyers or single family home developers, but they are doling out big bucks to apartment developers.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.29. Citigroup Inc. rose$. 60 or 1.2 percent, to $50.35. Wells Fargo rose$. 60 or 1.2 percent, to $48.73.
WASHINGTON— Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding. Housing starts rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million homes, the Commerce Department said Friday. Almost all of the gains came from apartment construction— a volatile category— which increased 18.5...
WASHINGTON— The Commerce Department reports on U.S. home construction in September. The report will be released Friday at 8:30 a.m. Eastern. Prices rose 6.4 percent in August compared with a year ago, according to real estate data provider CoreLogic.
NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...
Bank of America Corp. rose$. 32 or 2.0 percent, to $16.08. Citigroup Inc. rose$. 07 or. 1 percent, to $49.75. Goldman Sachs fell $4.66 or 2.6 percent, to $172.58.
Bank of America Corp. rose$. 41 or 2.6 percent, to $16.17. Citigroup Inc. rose$. 26 or. 5 percent, to $49.94. Goldman Sachs fell $1.49 or. 8 percent, to $175.75.
Bank of America Corp. rose$. 03 or. 2 percent, to $15.79. Citigroup Inc. fell$. 32 or. 6 percent, to $49.36. Goldman Sachs fell $3.33 or 1.9 percent, to $173.91.
Goldman Sachs reported third-quarter earnings of $4.57 a share on revenue of $8.39 billion, handily beating analysts' expectations.
Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday for an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The company, which operates the Habit Burger Grill chain of restaurants, offers...
Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday to raise up to $86.3 million in an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The amount of money a company says it plans to raise in...
Bank of America Corp. fell$. 76 or 4.6 percent, to $15.76. Citigroup Inc. fell $1.79 or 3.5 percent, to $49.68. Goldman Sachs fell $1.46 or. 8 percent, to $177.24.
U.S. stocks closed down on Wednesday but recovered significantly from historic intraday losses amid concerns about Europe, Ebola and the economy.
NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to take share from U.S. producers.
Bank of America Corp. fell$. 98 or 5.9 percent, to $15.54. Citigroup Inc. fell $2.97 or 5.8 percent, to $48.50. Goldman Sachs fell $5.62 or 3.1 percent, to $173.08.
The SEC said Judy Wolf, then at Wells Fargo Advisors LLC, in 2010 closed an internal review of a Brazil- based broker's trading with no findings. The SEC said its staff spotted the alteration after Wells Fargo provided the document as part of the commission's investigation. "Regardless of her motivation, her conduct was inconsistent with what the SEC expects of...
European shares closed sharply on Wednesday as investors shunned risky assets on fears of crumbling global growth and weak economic data.
Despite better-than-expected results from many banks, financials was the worst-performing sector on Wednesday morning.
Bank of America Corp. fell$. 34 or 2.0 percent, to $16.18. Citigroup Inc. fell $1.14 or 2.2 percent, to $50.33. Goldman Sachs fell $1.64 or. 9 percent, to $177.06.
U.S. stock index futures turned lower on Wall Street on Wednesday as investors digest a mixed bag of earnings releases.