News-Blog

[Business Wire] – Bank of America Corporation today announced the Board of Directors has authorized dividends on preferred stock.

[at Bloomberg] – A former executive of Bank of America Corp.’s Countrywide unit testified she wasn’t part of a scheme to defraud Fannie Mae and Freddie Mac by selling them thousands of defective loans.

Citigroup Inc (C): Citigroup’s CEO Discusses Q3 2013 Results – Earnings Call … Seeking Alpha – Oct 15, 2013 Hello, and welcome to Citi’s third quarter 2013 earnings review with Chief Executive Officer Mike Corbat and Chief Financial Officer John Gerspach.

Has the US Dollar Lost its Credibility? Legitimate Concerns for the World’s … Center for Research on Globalization – Oct 15, 2013 China National Offshore Oil Corporation (CNOOC) acquired the Canadian energy giant Nexen for $15 billion. … The dollar has lost 95% of its value since the Federal Reserve Bank was established in 1913

Which MLPs Have an Investment Grade Rating? DailyFinance – Oct 15, 2013 In both cases, the CEO of the acquiring partnership stressed that the primary motivation for the acquisition was the hope that the new assets would trigger a credit rating upgrade from ratings agencies like Standard & Poor’s.

[at theflyonthewall.com] – Earnings Preview: Bank of America to report after mixed peer results

[AP] – Major business and economic events scheduled for Wednesday: WASHINGTON — National Association of Home Builders releases housing market index for October, 10 a.m.; Federal Reserve releases Beige Book, 2 …

[at Wall St. Cheat Sheet] – Bank of America has a 53 percent positive surprise history, having topped the whisper in 26 of the 49 earnings reports for which we have data.

[AP] – A look at New York Stock Exchange 10 most-active stocks at the close of trading: Advanced Micro Devices Inc. rose 3.7 percent to $3.97 with 62,864,100 shares traded. Alcoa Inc. rose 1.6 percent to $8.45 …

[at TheStreet] – NEW YORK ( TheStreet ) — Bank of America will unveil the latest details on its incredible shrinking bank act Wednesday morning as investors continue to look for cost cuts to drive earnings. Analysts are …