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Bank Of America Ready To Take No.1 Slot From Citi
AHN
Bank of America, a Charlotte, North Carolina-based lender which makes almost 95% of its revenue in the US, is on the brink of overtaking Citigroup as the world's No. 1 bank by market value.
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More blackouts feared in California
YAHOO
AP - Scorching heat pushed California's electricity supply to the brink Monday and threatened another round of blackouts as utility crews across the state struggled to restore power to tens of thousands of people left in the dark over the weekend.
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More blackouts feared in California
YAHOO
AP - Scorching heat pushed California's electricity supply to the brink Monday and threatened another round of blackouts as utility crews across the state struggled to restore power to tens of thousands of people left in the dark over the weekend.
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Citigroup 2nd-qtr profit rises
YAHOO
Reuters - Citigroup Inc. , the world's
largest bank by market value, on Monday said second-quarter
profit rose, helped by growth in corporate and investment
banking.
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Rain cancels Champions Tour in Mass.
YAHOO
AP - The Bank of America Championship was canceled Saturday after five weeks of rain made the course unplayable.
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Bank of America seeks OK to press Parmalat claims
YAHOO
Reuters - Bank of America Corp. has
asked a federal judge to reject Parmalat's bid to
throw out the bank's claims over the Italian dairy's fraud.
Sources: YAHOO
Bank of America, others warm to hybrid car rebates
YAHOO
Reuters - Bank of America Corp. on
Wednesday said it will offer $3,000 rebates to thousands of
employees who buy hybrid vehicles, a move that could lead other
large companies to provide similar "green" incentives.
Sources: YAHOO
Bank of America swaps Brazil unit for Itau stake
YAHOO
Reuters - Bank of America Corp.
said on Tuesday it agreed to exchange its Brazil-based
BankBoston operations for $2.2 billion in stock in the
country's second-largest private-sector bank, Banco Itau, as it
continues to shed assets in Latin America.
Sources: YAHOO
Consumer Spending, New Partnerships Pushes AMEX Profit
AHN
American Express reported a 18 percent rise in first quarter profit on the strength of higher consumer spending and co-branding partnerships with Bank of America and Citigroup.
American Express is a major global player in the credit...
Sources: AHN
Bank Of America Reported Rise In 1Q Profit
AHN
Bank of America Corp.'s reported 14 percent rise in first quater profits Thursday, due to lending from consumers to corporations, revenue from newly acquired credit card company MBNA Corp. and higher interest rates.
Nation's largest retail...
Sources: AHN
Bank of America net up 13.5 pct on trading, MBNA
YAHOO
Reuters - Bank of America Corp. on
Thursday said first-quarter profit rose 13.5 percent, topping
Wall Street forecasts, helped by record investment banking fees
and trading profit and the purchase of credit card issuer MBNA
Corp.
Sources: YAHOO
Nasdaq arranges new loan to fund LSE stake buy
YAHOO
Reuters - U.S. stock market operator Nasdaq
has arranged a $1.925 billion loan with Bank of
America to fund its acquisition of a minority stake in
the London Stock Exchange, it said in a regulatory filing.
Sources: YAHOO
Bank of America to cut 1,900 jobs, 3 call centers
YAHOO
Reuters - Bank of America Corp. on
Monday said it will eliminate 1,900 jobs by closing three call
centers by year end, as part of its integration of credit card
issuer MBNA Corp.
Sources: YAHOO
Bank Of America Rewards Hard Working CPA's
AHN
Bank of America Business Bankers are trying to bring music to the ears of hard working CPAs during tax season.
The Bank is launching its first-ever Get in Tune program, distributing more than 3,000 packages stuffed with items...
Sources: AHN
U.S. Judge Gives Bank Of America Approval To Sue Parmalat
AHN
Hector Duarte Jr. - AHN Staff Reporter
Washington D.C. (AHN) A U.S. judge gives Bank of America approval to file a $1 billion fraud claim against Italian company, Parmalat.
The bank accuses Parmalats former management of fraud, conspiracy and lying about its financial activity....
Sources: AHN
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