Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.
Warren Buffett's warrants to buy almost 135 million General Electric common shares are still worthless, as they have been for almost the entire time since Berkshire Hathaway's $3 billion investment in the company was announced exactly one year ago today. That's in sharp contrast to Buffett's Goldman Sachs warrants, now worth about $3 billion. But the primary motivation for both deals, a 10 percent annual return on a total of $8 billion in loans to the two company, is still paying off handsomely.
A new quarter begins with the markets in good shape. Still, the wall of worry never goes away. Big leadership stocks like Apple, Google, Goldman Sachs and JP Morgan, are struggling to hold on to their upper ranges.
October is here and the kickoff to earnings season is just around the corner with Alcoa set to report next week. Here are the Top 20 stocks in the S&P 500 with the greatest expected year-on-year analyst growth forecasts.
Stocks logged their best quarter in 11 years, helped by the weak dollar, despite today's soft landing.
If we sound like a broken record, I apologize in advance, but there is a reason we implore our viewers to spend less when using options, and the reason is quite simple: if you spend less, you lose less, and last week's trades offered a great example of that.
This is a treacherous market to trade in. Traders have been heavily shorting the market all morning, but the Dow has cut its losses in half, moving from down 128 to down only 50.
Stocks retreated Tuesday as weak readings on manufacturing and jobs offset a a report that showed the economy wasn't in as bad a shape as first expected over the summer.
Futures indicated a positive open for Wall Street on Tuesday, the last day of the third quarter, as European stocks rose and were set to lock in their best quarterly performance in nearly a decade.
In the global quest for revenue and funding, three new entrants are making a splash. The European Bank for Reconstruction and Development (EBRD) has appealed for a 50% capital increase to mitigate the impact of the global economic crisis on central and eastern Europe according to reports.
These 6 stocks may be oversold or overbought as a result of money managers sprucing up their portfolios before quarter's end.
Stocks snapped a three-day losing streak Monday as investors cheered a wave of merger-and-acquisition activity.
Stocks rallied Monday, after a three-day losing streak, as investors cheered a wave of merger-and-acquisition activity.
Futures swung to indicate a positive open for Wall Street on Monday, riding a wave of merger and acquisition activity and despite stocks in Europe and Asia falling.
Stocks fell for a third straight session Friday as disappointing reports on new-home sales and durable-goods orders offset an uptick in consumer sentiment.
Goldman, Apple and other bellwether stocks reached pre-Lehman levels early in this week then rolled over. Is the broad market about to do the same?
Stocks closed lower for the third consecutive day with caution prevailing in the market as new signs suggested the economy may be heading into a period of weakness.
The traders are closely watching action in Goldman Sachs after the financial bellwether rolled over and broke below $180.
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex financial instruments, according to a government report released Friday.
Stocks tried to claw higher Friday but struggled as disappointing reports on new-home sales and durable-goods orders offset and uptick in consumer sentiment.