CHICAGO (Reuters) - Bank of America Corp's <BAC.N> search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc <PNC.N> spurning feelers from the company, the Wall Street Journal reported on Saturday.
Stocks advanced Thursday as investors seemed to focus more on some big-name earnings beats and a rise in leading indicators instead of a disappointing jobless report. Travelers and MMM led the Dow.
Stocks advanced Thursday as investors seemed to focus more on some big-name earnings beats and a rise in leading indicators instead of a disappointing jobless report.
Earnings continue to come in largely above expectations, but other factors are waylaying the stock market's recent advances - ranging from Walmart's price cuts to analyst Richard Bove's downgrade of Wells Fargo to rising oil prices.
Tuesday, 13 Oct 2009 | Source: The Associated Press
The next big thing in green building design? A financial services firm recently installed a green wall the size of two tennis courts on one side of its headquarters.
Pittsburgh is known for its three rivers. To me, it's been three cities over the past 30 years. And now the city that G-20 visitors will see can credit those institutions for helping it weather this financial crisis.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
Stocks rallied Thursday as investors shrugged off a rise in jobless claims and focused on encouraging earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
Despite the tough economic times and increased scrutiny from Washington, banks are keeping most fees at record highs, and are eking out slight increases on others like overdraft charges, the New York Times reports.
There is Ally Bank: “A better kind of bank.” And A.I.U.: “A unique franchise.” And — really — Redneck Bank: “Where bankin’s funner!” All are new names and new slogans for old companies with big worries and, in some cases, even bigger image problems.
Stock markets are just at the beginning of a larger rally which could see the major indexes jump another 20-to-30 percent and banks are the best bet, Michael Browne, portfolio manager from Sofaer Global Research, told CNBC.
A blowout third quarter report for PNC Financial, as the regional bank managed to avoid the same fate that brought down earnings at Fifth Third Bancorp and SunTrust Banks... Read More