The article focuses on the speculation that Bank of America (BofA) will leave Countrywide Financial as the shares of Countrywide fell to 5.36, below the $7-a-share price indicated when BofA agreed in January 2008 to buy the latter for $4.1 billion. A filing of the firms with the U.S....
There were $22.2 billion of equities inflows in the latest week, BofA said in its weekly round-up of flows in and out of world markets. Emerging markets drew $11.1 billion of inflows, the largest weekly figure since February, and the U.S. had $7.9 billion. The inflows ...
Other large bids of late include Blackstone's offer to take private digital comic distributor Infocom and Carlyle's acquisition of KFC Holdings Japan. BY THE NUMBERS Foreign acquisitions of Japanese companies doubled to 902.2 billion yen ($6.20 billion) in the first...
The article reports on stock price movements at the New York Stock Exchange for the January 22, 2009 trading day. Share prices of Bank of America declined 15% after BofA chief executive Kenneth Lewis dismissed former Merrill Lynch head John Thain on account of losses suffered in the fourth ...
In September 2008, Merrill's stock price drops, along with the other big Wall Street firms. On September 15, 2008, the Bank of America (BofA) agrees to buy Merrill Lynch for 50 billion U.S. dollars or 29 U.S. dollars a share and on January 1, 2009, the acquisition closes. During...
(BOA) to placate its investors amid a 49% drop in BOA's share price during 2011. Chief executive Brian Moynihan has publicly defended BOAs strategy for three consecutive days. On August 10, 2011 he held a conference call with several thousand listeners. Analyst Paul Miller says investors ...
as of September 13, 2010, including the increase in stock prices of financial services companies such as J.P. Morgan Chase, the surge of the Dow Jones Industrial Average index to 0.8% and the decline of share price of Laboratory Corp. of America Holdings.Wall Street Journal - Eastern ...
The article report that share price of banks went down as investors feared that huge recapitalizations could become necessary. Speculation that HSBC needs a rights issue worth up to 拢20 billion sent its stock plummeting 8.01%. Shares in Bank of America (BofA) and Citi plunged 18.43% and ...
Days before the share price of liquor-producer Constellation Brands Inc. rose after it announced a June, 2012 transaction involving Mexican rival Grupo Modelo, Bank of America bought options on Constellation's stock that resulted in a profit of over $1 million. The bank had also served as a ...
The article reports that the stock of financial services firm MBIA soared 42 percent on May 6, 2013 on a report that the bond insurer is close to settlement with Bank of America (BofA), removing a substantial overhang from the company's share price. It elaborates that MBIA will receive ...