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| | | ... The Australian share market was more than one per cent lower at noon on a negative lead from Wall Street, after Bank of America Corp reported a weaker-than-expected profit. At 1200 AEST, the benchmark S&P/ASX200 index was down 61.6 points, or 1.1 per ... |
| | | | ... assets such as equities. After the close, S&P 500 index futures jumped after the Wall Street Journal reported Bank of America Corp plans to invest $2 billion in preferred stock issued by mortgage lender Countrywide Financial Corp. During the regular ... |
| | | | ... also slashed its dividend even as it received a $7 billion capital infusion, and its shares tumbled 10 per cent. Bank of America Corp and Citigroup Inc were among the heaviest drags on the S&P and the Dow. The market extended its decline after minutes ... |
| | | | ... Tuesday as a bounce in commodity prices lifted shares of miners and other resource companies, countering a drag from Bank of America Corp and data that fueled concerns about the economy. In afternoon trade, the Dow Jones industrial average had risen ... |
| | | | ... YORK - The Dow turned negative but the S&P 500 index traded up marginally as a decline in bank stocks, including Bank of America Corp and JPMorgan Chase & Co, punctured an earlier rally. Traders said there was disappointment with aspects of bond insurer ... |
| | | | ... investment at NAB, and prior to that was involved in the development of the Charitable Trust Services group for Bank of America for over 14 years. |
| | | | ... suffered its biggest drop in more than three years amid rekindled concerns about subprime mortgage problems after Bank of America and Wachovia Corp warned of fourth-quarter write-downs and losses. The Nikkei average fell 395.74, or 2.48 per cent, to ... |
| | | | ... inject more liquidity into the banking system to help fight the credit squeeze. But it was offset by bad news from Bank of America and Wachovia Corp, which increased their sub-prime mortgage-related loss projections for the second quarter. Back home ... |
| | | | ... services companies' profits and on the wider economy. Shares of financial companies, including American Express and Bank of America Corp led declines. Another drop in crude oil prices also weighed on shares of energy companies, including Exxon Mobil ... |
| | | | ... stocks, while progress in a plan to relieve the credit market's crisis aided bank shares. Shares of JPMorgan Chase, Bank of America and Citigroup all rose more than two per cent. The three banks, spearheading an effort to establish a superfund to ease ... |
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