Topic: Bank of America Corporation

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10 richest members of Congress

The 10 wealthiest members of Congress in 2012 include Senate and House members hailing from all over the US. Can you guess which political party had the most lawmakers on the list – and who grabbed the top spot?

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The Reformed Broker Who bought the dip?

Tumbling down in its worst weekly drop of 2013 so far, the S&P 500 fell by 2.1 percent last week. Retail investors, however, bought on a net basis.
The Reformed Broker Tug-of-war breaks out between private investors, hedge funds

While private clients and institutions are adding to stocks, hedge funds are becoming net sellers, pitching the two groups against each other in a stock market tug-of-war, Brown says. What effect will the opposition between the two groups have on the market in the long run? Brown breaks down the Bank of America Merill Lynch's latest equity flow report.
Cover Story Telecommuting: Steady growth in work-at-home culture, Yahoo or not

Telecommuting is a rapidly growing work-life style. Yahoo's recent ban of remote work sent a wave of concern through white-collar legions who consider themselves fortunate – and more productive – working in pajamas at home or holed up in a Starbucks cafe.
Bank of America leads bank stocks rally

Bank of America stocks soared Monday, leading a rally in big-bank stocks on an otherwise quiet day on Wall Street. Stock indexes ended little changed following a record-setting run last week.
Reader recommendation: The Fine Print

Monitor readers share their favorite book picks.
Stocks down on signs of global economic slowdown

Stocks fell on Wall Street Wednesday as evidence of a slowing global economy grows. The drop comes just one week after US stocks hit an all-time high.
Stocks end four-day advance as energy slips

A four-day advance for stocks came to an end on Wall Street as falling commodity prices brought down the stocks of energy and mining companies.
The New Economy Worst company in America: Will it be EA, the video gamemaker, again?

Worst company in America: Why is Electronic Arts in the Final Four for "worst company in America?"
Unemployment rate drops to 7.7 percent. How real is job-market progress?

Unemployment is at its lowest level since the end of 2008. But the improvement stemmed from mixed reasons: more people hired, but also fewer people looking for work.
Stocks rise on drop in unemployment

Stocks closed up on Wall Street Thursday on the latest evidence that hiring is picking up. Optimism that the housing market is recovering is also pushing stocks higher.
'Sequester' watch: Will US spending cuts really cost 750,000 jobs?

Critics say President Obama is spinning the likely impact of 'sequester' cuts to pressure Republicans to replace them, but private-sector forecasts suggest that a loss of 750,000 jobs may not be far off.
Sequester fight: what investors are missing

The stock market is taking the sequester in stride so far. But investors shouldn't be too complacent about the impact of federal spending cuts.
JPMorgan cuts 19,000 jobs, calls it a good sign

JPMorgan cuts 15,000 jobs from its troubled mortgage sector, citing healthier home mortgages. The other 4,000 job cuts come from consumer banking.
Stocks up as Dow closes at year high

Stocks gained on impressive results from two big consumer brands Tuesday, and the Dow closed at its highest level of the year. Beauty products maker Avon saw a 20 percent gain in its stock price.
With 42 homicides, Chicago sees most violent January in 11 years

The month isn't over yet, but Chicago has already logged 42 homicides, making this the city's most violent January since 2002. A teenage girl who attended Obama's inauguration is the latest victim.
Cover Story The app-driven life: How smartphone apps are changing our lives

Our app-driven life: Smart-phone apps are becoming the north star for millions of Americans who use them to navigate through life – shopping, playing, reading, dating, learning, and more with their fingertips.
Will investors ride bull market?

Though stocks soared in 2012, investors stayed on sidelines. Will the bull market of early 2013 lure them back into stocks?
The Reformed Broker Debunking the Warren Buffett debunkers

Warren Buffett's head-and-shoulders above all other investors stature has only been cemented during this last five years, Brown writes.
White House opts not to create a Death Star. But a ‘magic coin’?

A number of fanciful ideas on economic policy have been floated in recent weeks. The so-called Death Star idea, officially rejected, was a stimulus plan. The 'magic coin' plot is meant to sidestep a showdown with Congress over the national debt ceiling. Seriously?
Stocks rise; S&P 500 just below 5-year high

Stocks rose on Wall Street Friday, but the Standard & Poor's 500 index fell just shy its five-year high. Boeing stock fell after the FAA announced a comprehensive review of Boeing's 787 after a fire and a fuel leak earlier this week.
Stocks rise on good company earnings

Stocks closed higher Wednesday, led by Boeing. Stocks are facing their first big challenge of the year as companies start to report earnings for the fourth quarter of 2012.
Stocks drag S&P 500 down from 5-year high

Stocks fell Monday with the S&P 500 dropping 4.58 points to close at 1,461.89. Bank stocks ended the day little changed.
IMF arrives in Egypt in effort to head off currency crisis

Leading bank HSBC said that a $4.8 billion International Monetary Fund loan is 'the only thing' preventing Egypt from a currency crisis brought on by post-revolution political upheaval.
Japanese firms set spending record in buying up foreign assets

Japanese corporations will have spent more on foreign companies than they did at the height of the '80s. But few heads are turning, showing how much has changed in perceptions of Japan.
Stocks move higher as budget talks progress

Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.