B. of A. shares gain 4% in relief rally
Settlement with mortgage investors brings some closure to ongoing dispute over the quality of loans the bank offered years ago.
Archive for the 'Market Currents' Category
Currencies: Euro pares gain as Greeks pave way for aid
Traders had expected the austerity measures to pass. Now they’re reversing those bets ahead of another vote in Athens Thursday on how to implement the plan.
Movers & Shakers: Wednesday’s biggest gainers & decliners
Shares of the following companies are among those making significant moves in the U.S. stock market.
BJ’s Wholesale going private in $2.8 billion deal
Some five months after putting itself up for sale, BJ’s Wholesale agrees to a private-equity buyout valued at about $2.8 billion.
Jon Friedman’s Media Web: Michele Bachmann is a short-term media darling
Minnesota congresswoman is getting respect from the media but its interest will soon wane, writes Jon Friedman.
Biotech Stocks: Drug stocks head north with broader market
Drug stocks headed north with the broader market Wednesday as investors were heartened by news that Greece’s parliament has passed measures needed to help it avert financial collapse.
Brady bond-style solution isn’t a Greece guarantee
The French bank plan for private creditors to reinvest some of the proceeds of maturing Greek debt into new bonds resembles a program used more than 20 years ago.
Greek lawmakers back $112 billion austerity plan
Greek lawmakers backed a $112 billion package of additional austerity measures seen as necessary to avoid a potential default as police clashed with protesters in central Athens.
Bond Report: Treasurys down after Greek vote, before auction
Yields on 10-year notes are a bit lower, to 3.06%, as lawmakers in Athens clear the way for another round of critical international financial aid.
Tech Stocks: Chip stocks weigh on techs; Dell meets Street
An analyst raises some concerns about PC sector outlook while Dell makes gains as analyst meeting gets underway.
