Merrill Lynch & Co. Inc.
U.S. rating likely to be downgraded again: Merrill
Oct 23, 2011 15:20 EDT
NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
AIG loses bid to move $10 billion fraud case vs BofA
Oct 21, 2011 10:35 EDT
(Reuters) - A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where AIG believed the case belonged.
U.S. "misery index" rises to highest since 1983
Oct 20, 2011 08:53 EDT
CHICAGO (Reuters) - An unofficial gauge of human misery in the United States rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.
Citigroup to pay $285 million to settle fraud case
Oct 19, 2011 15:21 EDT
(Reuters) - Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.
Citigroup to pay $285 million to settle fraud case
Oct 19, 2011 15:21 EDT
(Reuters) - Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.
M.Stanley outshines rivals with higher commods risk
Oct 19, 2011 14:13 EDT
NEW YORK (Reuters) - Morgan Stanley <MS.N> generated higher revenue from commodities in the third quarter as it piled on more trading risks than rival Wall Street banks as oil, metals and grains prices swung wildly.
Bank of America posts profit, but core is weak
Oct 18, 2011 14:29 EDT
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> posted a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell.
Goldman commods risk tumbles on tough markets
Oct 18, 2011 13:29 EDT
NEW YORK (Reuters) - Goldman Sachs commodities business generated more revenue in the third quarter but treacherous markets forced it to slash risks, leading to overall losses at Wall Street's top bank.
Bank of America posts profit despite core weakness
Oct 18, 2011 11:26 EDT
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp reported a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell.
IBM shares fall as tech-spend worries loom
Oct 18, 2011 10:58 EDT
(Reuters) - Shares of IBM fell 5 percent in pre-market trading on Tuesday after Big Blue's third-quarter beat failed to stem worries about a slowdown in tech spending.
IBM shares fall as tech-spend worries loom
Oct 18, 2011 10:58 EDT
(Reuters) - Shares of IBM fell 5 percent in pre-market trading on Tuesday after Big Blue's third-quarter beat failed to stem worries about a slowdown in tech spending.
Merrill revenue, assets fall amid market slump
Oct 18, 2011 10:41 EDT
(Reuters) - Volatile markets and souring mortgages slashed earnings by nearly a third at Bank of America's <BAC.N> <BAC.N> wealth management businesses during the third quarter.
BofA Merrill ups IBM price target on growth prospects
Oct 18, 2011 07:22 EDT
(Reuters) - BofA Merrill Lynch raised its price target on shares of IBM following the company's third-quarter beat, and said it expected the blue chip to cut costs further, given the slowdown in IT spending.
Bank of America selling NYC building stake: report
Oct 17, 2011 18:47 EDT
(Reuters) - Bank of America Corp is selling its 49 percent stake in 4 World Financial Center in Manhattan to Brookfield Office Properties Inc., Bloomberg News reported Monday, citing a person with knowledge of the situation.
EBay's Marketplaces growth to dominate
Oct 17, 2011 18:27 EDT
SAN FRANCISCO (Reuters) - The performance of eBay Inc's main Marketplaces business will dominate results from the e-commerce company later this week.
Google to gain from growing mobile focus: analysts
Oct 14, 2011 08:59 EDT
(Reuters) - Google Inc is likely to emerge as a "top mobile play," according to Wall Street analysts, with several raising their price targets on the stock, some by as much as 10 percent.
JPMorgan Q3 net falls; bank eyes expenses
Oct 13, 2011 19:44 EDT
(Reuters) - JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand for securities underwriting and acquisition advice.
JPMorgan Q3 net falls; bank eyes expenses
Oct 13, 2011 19:44 EDT
(Reuters) - JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand for securities underwriting and acquisition advice.
Chicago protesters stage "die-in" at bank
Oct 13, 2011 16:20 EDT
CHICAGO (Reuters) - A few hundred demonstrators protesting over unemployment woes targeted Bank of America on Thursday, with 30 protesters entering a bank building in Chicago and laying down in a "die-in" before heeding police orders to leave.
Wall St jobs, bonus outlook dims for 2011
Oct 11, 2011 16:42 EDT
(Reuters) - Wall Street cash bonuses are likely to drop for the second year in a row, the New York State Comptroller said on Tuesday.
