'Fast Money' Recap: Seeking Security in Glittering Gold
at The Street - 41 mins ago
The trading panel discussed falling equities, Twenty-First Century Fox' earnings and whether Pandora can take market share in sports radio from Sirius.
Mexican Senate approves opening of oil sector
By E. EDUARDO CASTILLO - AP - Thu Aug 07, 12:51AM CDT
MEXICO CITY (AP) — Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.
AP source: BofA nears $16-$17B settlement with US
By ERIC TUCKER and JOSH BOAK - AP - Wed Aug 06, 9:30PM CDT
WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
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Bank of America
at Investor's Business Daily - Wed Aug 06, 5:46PM CDT
Bank of America (BAC) said it will boost its quarterly dividend to 5 cents a share from 1 cent, its 1st hike in 7 years, after the Federal Reserve accepted a revised capital plan it filed. But it withdrew plans to buy back $4 bil of its stock. In...
BofA talks $17 bil settlement
at Investor's Business Daily - Wed Aug 06, 5:46PM CDT
Bank of America (BAC) is reportedly near a deal with the Justice Dept. to resolve allegations of fraudulent mortgage dealings in the run-up to the financial crisis for as much as $17 bil, which would be a record for a civil settlement. BofA is being...
Business Highlights
By The Associated Press - AP - Wed Aug 06, 5:14PM CDT
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Most active New York Stock Exchange-traded stocks
AP - Wed Aug 06, 5:02PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at the close of trading:
Final Glance: Banks companies
AP - Wed Aug 06, 5:01PM CDT
NEW YORK (AP) — Shares of some top banks companies were mixed at the close of trading:
Mexican Senate nears final vote on oil opening
By E. EDUARDO CASTILLO - AP - Wed Aug 06, 4:10PM CDT
MEXICO CITY (AP) — Mexico's Senate debated the final pieces of legislation Wednesday needed to enact a dramatic expansion of the role of foreign and private companies in the state-run oil industry.
Citigroup-SEC $285M Settlement Gets U.S. Judge Approval - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 3:50PM CDT
On Tuesday, U.S. District Judge Jed Rakoff unwillingly approved Citigroup Inc. (C) a U.S. Securities and Exchange Commission (SEC) settlement of $285 million. The decision comes two months after the 2nd U.S. Circuit Court of Appeals in Manhattan rescinded Jed Rakoff's decision to reject the settlement in June.
California AG Seeks Bigger Slice of Morgan Stanley Mortgage Fines
at The Street - Wed Aug 06, 12:57PM CDT
California Attorney General Kamala Harris is showing her hand as Morgan Stanley faces off against a powerful federal and state mortgage task force.
Midday Glance: Banks companies
AP - Wed Aug 06, 12:23PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Bank of America Declares Series B Preferred Dividend
Business Wire - Wed Aug 06, 11:30AM CDT
Bank of America Corporation announced today that the Board of Directors declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable October 24 to Series B shareholders of record as of October 10.
BofA Gets Green Light From Fed For Dividend Hike
at Investor's Business Daily - Wed Aug 06, 10:50AM CDT
Bank of America (BAC) will increase its dividend for the first time in seven years after getting approval from federal regulators. BofA shares rose in heavy volume after the Federal Reserve said Wednesday it had accepted a revised capital plan filed...
Fed gives BofA approval to up dividend to 5 cents
AP - Wed Aug 06, 10:33AM CDT
WASHINGTON (AP) — Federal regulators have given Bank of America a green light to proceed with a long-awaited dividend increase it had suspended because of a reporting error.
Jim Cramer's Mad Dash: Looking at GE, Bank of America, Macy's
at The Street - Wed Aug 06, 9:41AM CDT
TheStreet's Jim Cramer takes a look a number of stocks, including Bank of America, Macy's and General Electric.
Early Glance: Banks companies
AP - Wed Aug 06, 9:32AM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 10 a.m.:
Bank of America (BAC) Approaches New Upside Target of $15.33
Comtex SmarTrend(R) - Wed Aug 06, 9:29AM CDT
Bank of America (NYSE:BAC) has opened bullishly above the pivot of $15.03 today and has reached the first level of resistance at $15.17. Should the shares continue to rise, the resistance pivots of $15.33 and $15.63 will be of interest.
Why Bank of America (BAC) Stock Is Up Today
at The Street - Wed Aug 06, 9:02AM CDT
Bank of America (BAC) stock is rising after the company reported an increase in its quarterly dividend to 5 cents per share from 1 cent per share.