NEW YORK, April 27 (Reuters) - Bank of America Corp (BAC.N) onMonday discarded the Countrywide brand in its mortgage operations,a name now sullied by risky home loans, an FBI investigation, andthe high pay of its former chief executive. Countrywide was founded ...Read More
Nov. 22 (Bloomberg) -- Bank of America Corp.’s board mayextend its search for a new, permanent chief executive officerinto 2010 if directors can’t settle on a candidate in the nextfour days, according to people familiar with the matter. The directors, who ...Read More
Hershey, after months of internal debate, is now considering a bid for the British candy maker Cadbury, a move that would challenge Kraft's existing $16.7 billion hostile offer for the company, according to people briefed on the matter. Any Hershey offer ...Read More
* Hershey mulls bid of at least $17 bln for Cadbury-source * Hershey still weighing joint bid with Ferrero-source * Hershey Trust aims to retain control of Hershey-WSJ (Adds details on Hershey advisers, trust) PHILADELPHIA, Nov 20 (Reuters) - U.S. chocolate makerHershey Co ...Read More
Cadbury produces some of the UK's best-known chocolate bars
US chocolate maker Hershey is considering launching a solo bid of at least $17bn (£10bn) for British firm Cadbury, according to reports.
Under pressure from its charitable trust, Hershey has lined up ...Read More
Bank of America Corp. Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, according to a person close to him. Mr. ...Read More
Nov. 20 (Bloomberg) -- JPMorgan Chase & Co.’s credit-cardcontracts will no longer require disputes to be settled througharbitration, a practice that lawmakers said was biased againstcardholders, to help settle an antitrust lawsuit. Lenders including Bank of America, Citigroup Inc., DiscoverFinancial Services ...Read More
* Bove says support growing among investors for Lewis * Given bank's search, he says, Lewis good choice * Idea met with resistance among some investors (Adds byline, background, recasts) CHARLOTTE, N.C., Nov 20 (Reuters) - Bank of America Corp's(BAC.N) chief executive, scheduled ...Read More
OZARK, Ark. -The FBI has dispatched investigators to Arkansas to look into a police officer's use of a stun gun on a 10-year-old girl who refused to take a shower. Ozark Mayor Vernon McDaniel and Police Chief Jim Noggle announced the ...Read More
Lloyd Blankfein delivered a presentation about Goldman Sachs last week in which he explained what Goldman Sachs is and what its plans for expansion are. His comments were made at the Bank of America Merrill Lynch banking and financial services ...Read More
NEW YORK (AP) - Citigroup Inc. said Thursday it named a former Merrill Lynch executive, Steve Bodurtha, as managing director and head of investments for Citi Private Bank in North America. Bodurtha will be responsible for managing the investments platform for ...Read More
Stocks were on track for their biggest decline of the month around midday Thursday, hurt by bearish analyst comments and new economic data that failed to quell some investors' jitters about the U.S. economy. The dollar and Treasurys gained and commodities ...Read More
World stocks slid Thursday after analysts at Bank of America Merrill Lynch reportedly downgraded their recommendations on a series of U.S. technology stocks, including Intel Corp. That feeded mounting concerns that current valuations are not justified by the pace of ...Read More
NEW YORK (Dow Jones)--Shares of tech companies declined Thursday as a host of downgrades by Bank of America-Merrill Lynch weighed on the sector. BofA-Merrill Lynch analysts lowered their view on the semiconductor sector, saying inventory levels are close to overshooting demand. "While ...Read More
NEW YORK (Dow Jones)--U.S. stocks pushed to their lowest point of the session near midday Thursday, led by falling metals and energy companies, as gains in the dollar and Treasurys underscored continuing economic uncertainty and prompted a move out of ...Read More
The largest return of investor money continued on Tuesday when word broke that a Wells Fargo & Co. unit will return as much as $1.4 billion to clients whose funds were frozen in the auction-rate-securities market.
The pact follows more ...Read More
It's "a huge win" for shareholders suing Bank of America over the Merrill Lynch merger.
The documents Bank of America turned over to Congress, the SEC and other governmental entities, most likely including those formerly protected by the attorney-client privilege, will ...Read More
Banks urged to lend to more small firms
Speaking at a small-business financing forum at the Treasury Department, Geithner also called on banks to "get back to the business of lending."
Treasury officials released a report this week that revealed many of ...Read More
BOSTON (Reuters) - Shares of Bank of America Corp (BAC.N) stock rose more than 3.5 percent on Wednesday after billionaire hedge fund manager John Paulson told investors that he expects the stock price to almost double in the next two ...Read More
The Week 11 NFL schedule will kick off with what could effectively be called a playoff elimination game, as the Carolina Panthers welcome the Miami Dolphins to Bank of America Stadium on Thursday night. The Panthers, left for dead by many ...Read More
WASHINGTON — A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the ...Read More
