Farmers Markets Nov 21, 2009
Bank of America Farmers Market. 333 S. Hope St., at Bank of America Plaza. (Los Angeles Downtown News, CA)
Ruffin to rehab hard-to-lease space inside the Bank of America Building Nov 21, 2009
Chris Ruffin says the Bank of America Building;s lower level space has been difficult to lease. The company will renovate the space over the winter. (Wichita Business Journal, KS)
Hershey mulls $17 bn bid for Cadbury Nov 21, 2009
Hershey has lined up deal funding from Bank of America and JP Morgan Chase make a solo offer for Cadbury, but is also still weighing a joint bid with Italy's Ferrero Spa, the source said. The interest from Hershey could add new pressure on Kraft to sweeten its $16. (India Times)
Capital rules weighon Japan stocks Nov 21, 2009
1% of core Tier 1 capital, and Bank of America 6. 9%, thanks to huge injections of public funds into those banks, according to the Mainichi Shimbun newspaper on September 3. (Asia Times Online)
Dolphins hold off Panthers Nov 21, 2009
500 on Thursday night with a 24-17 loss to the Miami Dolphins at Bank of America Stadium ... Carolina might need to pass better to have a chance to beat the 5-3 Atlanta Falcons on Sunday in Bank of America Stadium. (News & Observer -- Sports)
Hershey 'mulls $17bn Cadbury bid' Nov 21, 2009
Under pressure from its charitable trust, Hershey has lined up funding from Bank of America and JP Morgan, the Wall Street Journal reported on Friday. But the US company is still also considering a joint bid with Italy's Ferrero, the paper said. (BBC News -- Americas)
Chase drops arbitration from card contracts Nov 21, 2009
Bank of America took a similar step three months ago. Banks have said arbitration was less costly for everyone than lawsuits. (MSNBC -- Business)
Bank of America CEO Lewis May Delay Retiring: Report Nov 21, 2009
NEW YORK (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday ... While Bank of America directors have shown no obvious interest in the idea so far, "the door isn't shut," the person told the newspaper ... The list of prospects has been narrowed to two Bank of America executives, consumer and... (ABC News -- Business)
Block 37 allowed to open as Freed loses control of mall Nov 21, 2009
Judge Brennan agreed to grant Bank of America Corp.'s request to appoint a CB Richard Ellis Inc. executive as receiver. B of A, Freeds primary lender on , last month filed a $128-million foreclosure lawsuit against the project, saying Freed had defaulted due to cost overruns and that the developer didnt have sufficient money to keep the loan in balance or complete the project. (Crain's Chicago Business)
Hiring Boom for Mortgage Restructuring Nov 21, 2009
Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo have collectively hired nearly 17,000 people this year, and new companies such as Private National Mortgage Acceptance, or PennyMac, also have been formed to handle loan workouts. Source: Wall Street Journal, Kyle Stock (11/19/09). (Realtor Magazine Online)
US Fed officials step up asset bubble-watch Nov 21, 2009
Total loan originations in September at Bank of America Corp., the largest US bank by assets, fell 6 per cent to $US53 ... Ten companies including Bank of America, Wells Fargo and Citigroup needed additional capital. (Sydney Morning Herald -- Business)
Dolphins top Panthers behind vintage Williams performance Nov 21, 2009
(Sports Network) - Ricky Williams rushed for a pair of scores and caught a touchdown pass, and Miami held off the Carolina Panthers, 24-17, at Bank of America Stadium. Dolphins defensive back Tyrone Culver knocked down Jake Delhomme's high-arcing prayer pass in the end zone on the game's final play. (ABC 7 News, DC)
2009 Sprint Cup Series Schedule Nov 21, 2009
Oct. 17: Bank of America 500 Lowes (Charlotte); Jimmie Johnson. Oct. 25: Subway 500 Martinsville; Denny Hamlin. (Longview Daily News, WA)
* FEATURE : Americans taking up running in record numbers Nov 21, 2009
While schools and local stores focus on neighborhood 5K (5km) runs, marquee names like Bank of America, ING, McDonalds and Continental Airlines have sponsored major races this year. Training is also widely available, Giordana said. (Taipei Times, Taiwan -- World)
Oliver Can't Beat Huskies by Himself Nov 21, 2009
They didn't disappoint, combining for 62 points and 23 rebounds, but Pondexter's Huskies took care of the Spartans, fashioning an efficient 80-70 win in front of 8,155 fans at Bank of America Arena Friday night. For the Huskies it wasn't very pretty - and they definitely had no answer at all for Oliver, who played in 2006 for UW before transferring out. (Dawgman.com)
Charlotte may bid for World Cup Nov 21, 2009
The basic pieces are in place: a large stadium with international soccer dimensions (Bank of America Stadium) and 4,000 to 6,000 hotel rooms. general counsel Richard Thigpen and director of business development Bill McMillan are teaming with Newman on researching a bid. (Charlotte Business Journal, NC)
Calif. to probe scam targeting churches Nov 21, 2009
Banc of America Leasing is a subsidiary of Bank of America. E-mails left for Balboa and United Leasing seeking comment were not immediately returned. (San Francisco Chronicle)
Hogan's Blog: Friday Wet Commute and Weekend Traffic Look Ahead Nov 21, 2009
Friday University of Washington Men's Basketball vs. San Jose at Bank of America 8:00 p.m. Thunderbirds vs. Kamloops at the Showare Center in Kent at 7:35am. Saturday Pacific Marine Expo at the Qwest Event Center from 10 a.m. to 3 p.m. The Trans-Siberian Orchestra at KeyArena. (KIRO TV, WA)
Hershey's Controlling Trust Pushes $17 Billion Bid for Cadbury, WSJ Says Nov 21, 2009
Hershey and the trust are working with JPMorgan Chase & Co. and Bank of America Corp., according to the Journal. Representatives of Hershey Co., Hershey Trust, JPMorgan and Bank of America declined to comment. (Bloomberg -- US)
Want lower credit card interest? Keep spending, Citi says Nov 21, 2009
Last month, for example, Bank of America said it used "risk and profitability" in selecting accounts on which to test annual fees of between $29 and $99. Citi's move, meanwhile, is likely intended to generate greater interchange fees, which banks reap from merchants when customers use credit or debit cards, said Ben Woolsey, director of consumer research for CreditCards. (USA Today -- Money)
Paulson: Bank of America a Double Nov 21, 2009
While many investors are leaving Bank of America and Citigroup for dead, hedge fund legend John Paulson is building big positions in the beleaguered giants ... Regulatory filings show that Paulsons firm Paulson wned 160 million shares of Bank of America as of Sept. 30 ... In a letter to investors obtained by Bloomberg, Paulson predicted that Bank of Americas stock will almost double in the next two years, as earnings improve. (Newsmax)
Report: Hershey may launch bid for Cadbury Nov 21, 2009
The trust would sell about $1 billion worth of assets but hopes to structure the deal to maintain control of Hershey, according to the Journal, which says Hershey and the trust are working with two banks to raise the money: JPMorgan Chase and Bank of America Merrill Lynch. Kraft has made clear that it, like Hershey, wants access to Cadbury s presence in developing markets such as Mexico and India. (Orangeburg Times and Democrat, SC)
Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Nov 20, 2009
Ten companies including Bank of America, Wells Fargo and Citigroup needed additional capital. Abrupt Turns. (Bloomberg -- US)
Business Digest: Lee County home sales pace up 88 percent in year Nov 20, 2009
They are: chairman, Kenneth O'Donnell of Bank of America; vice chairman, Jerry Hemmer of Alliance Financial Group; treasurer, Melinda Pensinger of Tuscan ny; and secretary, Tom Scott of the Southwest Florida Enterprise Center. The foundation identifies grants and other sources of funding for the Southwest Florida Enterprise Center, which serves as a business incubator, providing assistance and support to local start-up and early-stage businesses. (The News-Press -- Business)
Panthers anemic on both sides of ball in loss to Dolphins Nov 20, 2009
A late-starting offense wasnt enough to overcome another early deficit, and the Panthers dropped a 24-17 decision to the Miami Dolphins at Bank of America Stadium. Wide receiver Steve Smith called it a head-scratcher, and many of the players left talking about the good things they had done. (Herald Online, SC -- Sports)
Citigroup CEO Pandit vows Boston growth Nov 20, 2009
Only Bank of America gathered more deposits $970. 3 million to Citi s $950. (Boston Business Journal, MA)
BofA names Jim Smith state president Nov 20, 2009
Smith succeeds Rick Wadley, who will remain with Bank of America (NYSE: BAC) in Albuquerque, but has stepped down from the president role to focus on serving the bank s global commercial product delivery clients in the Southwest. In a statement, Bank of America Arizona-New Mexico Regional President Benito Almanza thanked Wadley for his leadership in the president s role and said Smith will be an effective champion for business growth, community investment and neighborhood vitality throughout New... (New Mexico Business Weekly, NM)
Will lunchtime bandit strike? Nov 20, 2009
The Bank of America at 2454 Jett Road in Dunwoody was struck by a man fitting this description on Nov. 12, just before noon, police said. Dunwoody police Detective Kelly Gobley said robberies at the Wachovia Bank branch at 4570 Ashford Dunwoody Road on Oct. 30 and Nov. 5 both, appear to involve the same suspect. (Atlanta Journal-Constitution -- Metro)
Smaller, local banks looking good Nov 20, 2009
Bank of America was the best, as they gave me a huge line of credit and I once owed them 11,000. I paid off that loan quickly and thought it was nice knowing if I had to have some money I could get it, but guess what. (Cedar Park Hill Country News Weekender, TX)
Monsters are with us Nov 20, 2009
To name a few: Clear Channel Communications, Citibank, Chase Bank, Bank of America, Farmers Insurance, ING, and that fascist thing that moves behind the Republican Party, Fox News, and right-wing talk radio. Ask yourself, is there a Clear Channel radio station in your town. (Fresno Bee -- Opinion)
New bank in town Nov 20, 2009
In 1922, it became the Liberty Bank and in 1927 the Liberty Bank of America then Bank of Italy, which became Bank of America in 1930 ... After Bank of America moved to its new location, the historic old building was occupied by Woods Realty, then Glendale Federal Savings Bank and later by real estate businesses, most recently Morgan Lane of Sonoma. (Sonoma Index-Tribune, CA)
Savers earning pennies for thrift Nov 20, 2009
Bank of America does, but its rate is a miserly 0. 60 percent. (Atlanta Journal-Constitution -- Opinion)
Topix Index Advances for First Time in Eight Days, Led by Financial Stocks Nov 20, 2009
The Topix fell for most of the day, after the lower outlook for the semiconductor industry by Bank of America Corp.s Merrill Lynch unit and as oil prices retreated. Advantest, lost 2. (Bloomberg -- Japan)
Cut through credit card 'gobbledygook' Nov 20, 2009
Beginning in December, Bank of America will be sending its credit card customers a one-page breakdown of their fees and rates. It won't replace the complicated credit card agreement, but the one-page "clarity commitment" will outline what the bank considers the most important information customers want to know. (CNN)
DIRECTV Completes Merger Transaction with Liberty Media Nov 20, 2009
As previously disclosed in the proxy statement and prospectus sent to stockholders in connection with the stockholder vote on the Liberty transactions and other public filings, as a result of completing the Liberty transactions, the Company has assumed, on a consolidated basis, approximately $2 billion of indebtedness to Bank of America through its acquisition of Greenlady II, LLC, a subsidiary of LEI, and also has assumed rights and obligations connected with the related equity collar securing... (Yahoo! Wire -- Entertainment News)
U.S. stocks fall on stronger dollar, weak economic data Nov 20, 2009
Technology shares suffered a heavy sell-off after Bank of America downgraded the global chip industry to "negative" from "positive." Intel Corp. and Texas Instruments Inc. shares tumbled. In economic news, the U.S. Labor Department said initial jobless claims were unchanged at 505,000 last week, but the figure remained at a level that does not signal increase in jobs. (Xinhuanet, China)
To lower rates, Citi customers must spend Nov 20, 2009
4 million cards, and Bank of America was third with 80 ... Last month, for example, Bank of America said it used "risk and profitability" in selecting accounts on which to test annual fees of between $29 and $99. (MSNBC -- Business)
2009 Sprint Cup Series Schedule Nov 20, 2009
Oct. 17: Bank of America 500 Lowes (Charlotte); Jimmie Johnson. Oct. 25: Subway 500 Martinsville; Denny Hamlin. (Longview Daily News, WA)
Stock Picks: Intel, Texas Instruments Nov 20, 2009
Bank of America Merrill Lynch downgrades to neutral from buy ... Bank of America Merrill Lynch downgrades to underperform from neutral. (BusinessWeek)
Hallelujah for Handels Messiah Nov 20, 2009
In Chicago, some 7,000 people are expected at two performances of the Bank of America Do-It-Yourself Messiah, which will be performed at the Harris Theater for Music and Dance in Millennium Park. As many as 3,000 people will pile into New York s Avery Fisher Hall when the National Chorale hosts its 42nd Messiah Sing-In. (Hanford Sentinal, CA)
Editorial: Democrats and Republicans share ethics woes Nov 20, 2009
That's because part of the probe was going to focus on congressmen - some of them Democrats - who had gotten special perks through the "Friends of Angelo" program, named after Angelo Mozilo, who ran Countrywide before it failed and was bought by Bank of America. Indeed, such an investigation would shine the light on all the potentially embarrassing details of loans given to, among others, Senate Banking Committee Chairman Chris Dodd, Senate budget guru Kent Conrad and the head of the House... (Beverly Citizen, MA)
Fighting for the leftovers Nov 20, 2009
Bryan Marsal, head of restructuring firm Alvarez & Marsal, who is overseeing the unwinding of Lehman, blasted firms including Goldman Sachs, Bank of America and Morgan Stanley for inflating the dollar amount of damages they sustained when Lehman filed for bankruptcy on Sept. 15, 2008 ... Bryan Marsal, head of restructuring firm Alvarez & Marsal, who is overseeing the unwinding of Lehman, blasted firms including Goldman Sachs, Bank of America and Morgan Stanley for inflating the dollar amount of... (New York Post -- Business)
Shift into private sector pays off Nov 20, 2009
Clients include Lance Inc., Duke Energy Corp., Bank of America Corp., CB Richard Ellis and Childress Klein Properties Inc. Projects are generally small upfits and renovations that cost about $30,000 to $50,000. There s not a lot of new construction, but these companies are always moving or changing something, Calkins says. (Charlotte Business Journal, NC)
* Global chip sector cut to negative by Merrill Lynch Nov 20, 2009
Bank of America Corps Merrill Lynch okerage has cut its global semiconductor industry outlook to negative from positive, citing rising chip supply. Intel Corp, the worlds largest chipmaker, and Texas Instruments Inc had their investment ratings lowered to neutral from buy, Dan Heyler, Hong Kong-based head of Asian semiconductor research, said yesterday. (Taipei Times, Taiwan -- World)
Click to read:14 Percent of U.S. Homeowners In Peril Nov 20, 2009
Just for you idiot americans to understand this line that I am posting from the PBS" Documentry the "Warning" an interview of the former "CFTC" chair woman "brooksely born" So we're the losers. Who were the winners? I think the profits made by the over-the-counter derivatives dealers, by our largest banks and investment banks, were the upside of this. And that was shortsighted. It was short-term benefit for a few major institutions at the expense of all the people who have lost their jobs, who... (CBS News)
Bank of America settles old trust suit Nov 20, 2009
The final chapter in a saga of trust betrayed was written Thursday when Bank of America agreed to pay an additional $33 million to compensate people who had been overcharged for money-management services nearly 30 years ago ... Thursday's settlement, filed with a federal district judge in Oakland, ends a dispute that began when Bank of America first acknowledged that it overbilled about 2,600 accounts by $24 million in fees for money held in trust ... Bank of America spokeswoman Shirley Norton... (Yahoo News -- Banking & Financial Services)
JPMorgan to buy back $139M in securities Nov 20, 2009
The Colorado Division of Securities has reached ARS-related settlements this year with other companies, including RBC Capital Markets, Citigroup, Merrill Lynch, Wachovia and two units of Bank of America Corp. It filed suit against St. Louis-based broker-dealer Stifel, Nicolaus & Co. in October. rmcgaw@bizjournals. (Denver Business Journal, CO)
Williams leads Dolphins over Panthers 24-17 Nov 20, 2009
Carolina might need to pass better to have a chance to beat the 5-3 Atlanta Falcons on Sunday in Bank of America Stadium. Mike Singletary became a Hall of Fame linebacker with the Chicago Bears during a 12-year career spent all with the same club, including the Super Bowl season of 1985. (News & Observer -- Sports)
Game Preview: Miami at Carolina Nov 20, 2009
500 mark for the first time in 2009 when they take on the Carolina Panthers Thursday night at Bank of America Stadium ... SITE: Bank of America Stadium. (DolphinDigest.com)
Some See Second Stimulus in Early 2010 Nov 20, 2009
Though they won't call it a second stimulus, they'll call it a creative name, says Harold Ford, Jr., vice chairman and senior policy adviser at Bank of America Merrill Lynch, according to Dow Jones newswires. Furthermore, Democratic legislators approaching the 2010 elections will not want to face their opponents without having made a dent in unemployment rates, says Ethan Harris, Bank of America Merrill Lynch's head of North America economics. (Newsmax)
Bank resumes sales of mortgage debt Nov 20, 2009
In addition to mortgages, the Bank of America bond is backed by fiber optic cable leases and other assets, said the people, who declined to be identified because terms are private ... A spokeswoman for Bank of America, the biggest US lender, didn t return a telephone call for comment. (Boston Globe)
Big Banks Under Attack Nov 19, 2009
As Bank of America continues its search for a , one of the nation's most powerful unions is giving it some unsolicited help: Since last week, the Service Employees International Union has been running online ads announcing a CEO vacancy at a "big bank" that may "reward failure with big $" and does not require a "basic understanding of the economy." ... The ads, which the union says have attracted more than 300,000 clicks since Friday, are designed to pop up on some Google search results pages... (ABC News -- Business)
Karl Rove Memoir Due Out In March Nov 19, 2009
NEW YORK, Nov. 18, 2009. "Courage and Consequence" By Former Top White House Aide Karl Rove Has a Release Date Set For 2010. (CBS News -- Entertainment)
Ruling in BofA Class Action Opens Treasure Trove of Documents Nov 19, 2009
Let's hope the plaintiffs lawyers in the Bank of America securities class action suit have some big wheelbarrows, or at least terabytes of computer hard drive space ... in the SEC's case against Bank of America states that BofA is not deemed to be waiving its privilege "regarding other information that may be of interest in related private lawsuits." That language can be construed to mean that BofA can still claim privilege over materials government investigators didn't ask for -- not... (Law.com)
Fund managers in call for capital spending Nov 19, 2009
In the latest Bank of America Merrill Lynch fund manager survey, the number of respondents calling on companies to use their cash for capital spending has risen to 32 per cent from 25 per cent in September. EDITORS CHOICE. (FT.com -- Markets)
Senate Hears Need for Bank Overdraft Controls Nov 19, 2009
Several large banks, including Bank of America Corp., and JPMorgan Chase have said they plan to reform their overdraft policies, and John P. Carey of Citigroup North America Consumer Banking told the Senate hearing that Citibank declines ATM or debit transactions when funds are insufficient and thus does not charge overdraft fees. He said his bank supports the legislative goal of protecting consumers from unnecessary overdraft fees. (Newsmax)
Hearing was stormy for banker Moynihan Nov 19, 2009
Bank of America s Brian Moynihan, who is seen as a contender for the chief executive job, spoke yesterday before Congress ... Bank of America s chief executive, Kenneth D. Lewis, said through a spokesman that Moynihan was clear, poised, and persuasive ... Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware and a Bank of America stockholder, said government has taken an extraordinary role in companies that receive taxpayer-funded aid, such... (Boston Globe)
Bank of America settles old trust suit Nov 19, 2009
The final chapter in a saga of trust betrayed was written Thursday when Bank of America agreed to pay an additional $33 million to compensate people who had been overcharged for money-management services nearly 30 years ago ... Thursday's settlement, filed with a federal district judge in Oakland, ends a dispute that began when Bank of America first acknowledged that it overbilled about 2,600 accounts by $24 million in fees for money held in trust ... Bank of America spokeswoman Shirley Norton... (Yahoo News -- Banking & Financial Services)
Stocks Fall, Dragging Down Topix for Seventh Day; Mitsubishi UFJ Declines Nov 19, 2009
The ratio of investors who want to be overweight Japanese stocks during the next year against those who plan to be underweight dropped this month to the lowest level since November 2002, according to a report dated yesterday from Bank of America Corp.s Merrill Lynch & Co. brokerage. Japanese stocks are stumbling because of the strengthening yen, capital increases as well as the slowing pace of gains in U.S. stocks, although fundamentals are improving globally, said , general... (Bloomberg -- Japan)
U.K. Royal Mint Quadruples Gold-Coin Output as Investors Chase Diversity Nov 19, 2009
Analysts at Bank of America Merrill Lynch, Societe Generale and Barclays Capital have forecast further purchases by central banks. The U.K. mint moved to Llantrisant in Wales from Londons Tower Hill in 1968, three years before Britain switched to a decimal currency system. (Bloomberg -- UK)
Ting Faber banks on relaxing retirement (5) Nov 19, 2009
ADVERTISEMENT Ting Faber is retiring from Bank of America after a 47-year career with the company ... After 47 years serving Bank of America, Faber called it a career on Oct. 30 in order to spend more time with her grandchildren and her golden retriever, traveling and learning to play Nintendo Wii ... Justin Perry, a personal banker with Bank of America, agreed. (Lodi News Sentinel, CA)
Latest sports headlines » Nov 19, 2009
They exposed the left cornerback position early and often, and it helped set the tone for the Panthers 28-19 win at Bank of America Stadium. Much-maligned quarterback Jake Delhomme directed three first-half scoring drives with touchdown passes of 4 and 1 yards to Steve Smith, and wound up completing 15 of 24 for 195 yards. (Atlanta Journal-Constitution -- Sports)
Bon-Ton Secures $675M Credit Facility Nov 19, 2009
Bank of America NA is administrative agent of the new facility. Bank of America Merrill Lynch, GE Capital Markets Inc. and Wells Fargo Securities LLC are joint lead arrangers. (ABC News -- Wire)
Hallelujah for Handels Messiah Nov 19, 2009
In Chicago, some 7,000 people are expected at two performances of the Bank of America Do-It-Yourself Messiah, which will be performed at the Harris Theater for Music and Dance in Millennium Park. As many as 3,000 people will pile into New York s Avery Fisher Hall when the National Chorale hosts its 42nd Messiah Sing-In. (Hanford Sentinal, CA)
Dollar, Yen Gain as Japan Stocks Decline on Capital Raisings; Kiwi Weakens Nov 19, 2009
Investors who want to be overweight Japanese stocks during the next year compared with those who plan to be underweight dropped this month to the lowest level since November 2002, according to a report yesterday from Bank of America Corp.s Merrill Lynch & Co. unit. Japans economy is a drag in the region thats leading the recovery from first global recession since World War II. Singapore today forecast growth of as much as 5 percent in 2010. (Bloomberg -- Asia)
