Topic: Bank of America Corporation

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One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
10 best cities to buy short sale homes

Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
How home prices are faring in six 2012 swing states

Home prices are recovering in some regions, fluctuating in others, and stuck in the basement in still others. How they are faring may yet be an important factor in the 2012 presidential election. Here's how home prices in metro areas in six swing states compare with those at the housing market's peak in 2006.
In Pictures: Occupy Wall Street protests
College grads: Top 5 financial mistakes – and how to avoid them

Experimenting with money – spending and managing it – is a college freedom that can quickly get out of hand. I should know; I graduated recently and my college financial habits over those four years had me drowning in debt after graduation. With unemployment high and an average debt load of more than $29,000, the Class of 2011 needs to be especially savvy about money as it moves into the working world. Here are five big financial mistakes 20-somethings often make – and how to avoid them.

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Typical CEO made $9.6 million last year

The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press. The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one.
The Daily Reckoning
Facebook IPO: The end of an era

The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.
Stocks climb, breaking losing streak

Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
The New Economy
Foreclosures down, short sales up. Are banks getting smart?

Foreclosures are down to their lowest levels in nearly five years. One reason: Lenders are increasingly using short sales, instead.
What next for JPMorgan Chase and Jamie Dimon after $2 billion loss

The JPMorgan Chase $2 billion loss again shows why big banks pose a big risk – as seen in the admission of mismanagement by Jamie Dimon. The selfless purpose of a financial system in the economy must override the selfish risks of giantness in banks.
JPMorgan reveals huge $2 billion trading loss

JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
Leftist Greek leader ready to walk away from EU bailout deal

Alexis Tsipras has the presidential mandate to end the Greek political impasse by forming a governing coalition by Thursday.
Occupy 2012: Day 1 of protests yields a mixed review (+video)

Turnout for the Occupy movement's May Day protests was respectable in New York and Chicago. In some West Coast cities, police resorted to tear gas or pepper spray. Did the movement do itself any favors during its relaunch on Tuesday?
May Day: Around the world, anger and fear

Continuing economic turmoil around the globe gave this year's May Day rallies an undertone of angry class conflict.
Opening day for Occupy Wall Street: Act 2

Occupy Wall Street protesters plan demonstrations in more than 100 cities, hoping to rekindle the movement after months in relative hibernation.
One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
World Trade Center back as tallest building in New York City (+video)

The World Trade Center (WTC) will edge out the Empire State Building (at 1,250 feet) as the tallest building in New York City Monday.
Stock market gets boost from earnings, Germany

Stock market futures in US as well as exchanges across Europe buoyed by German business optimism, US earnings. German stock market up 1 percent.
Stocks fall despite US company profits

The Dow fell 68 points to close at 12964 as a slew of US companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway.
The Reformed Broker
Morgan Stanley's turnaround

Morgan Stanley should be commended for their earnings in the first quarter, even at a loss, but investors should still beware of Morgan Stanley.
Editorial Board Blog
No crusty journalist complaint here: Caine's Arcade is more than a distracting fad (+video)

We sometimes complain that fickle Internet fads drive our news coverage. But Caine's Arcade made the virtual front pages for all the right reasons. The phenomenon provides another example of how the Web 2.0 world informs media coverage – and better yet – inspires action.
Oil prices back up over $103 a barrel

Oil prices in Europe edged up in trading in anticipation of talks with Iran over its nuclear program. Oil prices peaked at $110 last month.
Stocks' worst day in 2012: Dow loses 213

The Dow slipped 213 to 12715, its biggest drop of the year and third triple digit loss in four days.
U.S. stocks fall; Dow slips below 13000

U.S. stocks closed sharply lower Monday following disappointing job growth in March. The Dow fell 130 points to 12929, its first close below 13000 in a month.
The New Economy
Unemployment rate: Recovery leaves teens behind

The March unemployment rate fell slightly for all workers and women, blacks, Hispanics, and Asians. For teens, unemployment rose. Why are fewer teens getting jobs?
US stocks plunge; Dow down 124

US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
Secret Service probes major credit card breach

Credit card breach at an Atlanta card-processor affects Visa, MasterCard, American Express, and Discover. The number of accounts affected by the security breach is not yet known.
Sagging consumer confidence lowers stocks

The Dow fell 43 points to close at 13197 Tuesday as weak readings on consumer confidence gave investors little reason to extend the recent rally.
Saving Money
Bye-bye free checking. Hello fee checking.

Free checking is disappearing as banks scramble to make up lost revenue. Will the government's new finance watchdog step in and regulate bank's new checking fees?
Stocks down amid falling Chinese demand

The Dow dropped 68 points to close at 13170 Tuesday after two reports suggested an economic slowdown in China.