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NEW YORK -(Dow Jones)- Merrill Lynch Global Wealth Management, a unit of Bank of America Corp. (BAC), recently recruited financial adviser teams from Wells Fargo & Co. (WFC) and Morgan Stanley Smith Barney.
The dollar declined versus the Japanese yen and the euro Wednesday as investors reassessed a rally that had sent the greenback to its highest level in more than a month, but pared those losses on fresh worries about sovereign debt.
Dec. 9 (Bloomberg) -- Maryland is taking advantage of a drop in tax-exempt borrowing costs for top-rated municipal bond issuers to revive refinancing postponed in October, as yields fell to the lowest in at least 18 years.
CHARLOTTE, N.C. - Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program.
The dollar declined versus the Japanese yen and euro late Wednesday as investors reassessed a rally that had sent the greenback to its highest level in more than a month.
The dollar pared losses versus the Japanese yen and recovered from a decline against the euro late Wednesday as U.S. equities extended losses amid fresh worries about sovereign debt.
The dollar declined versus the Japanese yen and the euro Wednesday as investors reassessed a rally that had sent the greenback to its highest level in more than a month, but pared those losses on fresh worries about sovereign debt.
Apollo Investment Corp. said Tuesday it planned to sell 10 million shares of common stock to the public and use the proceeds to pay down debt.
Bank of America's board is meeting Tuesday to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year.
Dec. 8 (Bloomberg) -- New Jersey , the third-most indebted U.S. state, will sell more than $200 million in bonds today to finance voter-approved capital projects a week after Governor- elect Christopher Christie said he opposed borrowing more money.
Dec. 8 (Bloomberg) -- European stocks fluctuated as BofA Merrill Lynch Global Research forecast the Dow Jones Stoxx 600 Index will climb 27 percent by the end of 2010, offsetting comments from Federal Reserve Chairman Ben S. Bernanke that the U.S. economy faces “formidable headwinds.”
Dec. 8 (Bloomberg) -- The judge overseeing the U.S. Securities and Exchange Commission’s lawsuit against Bank of America Corp. denied the bank’s bid to force the agency to surrender documents about its internal review of the proxy statement at issue in the case.
Dec. 8 (Bloomberg) -- European stocks may climb as much as 27 percent by the end of next year as corporate earnings improve and valuations are “attractive,” according to BofA Merrill Lynch Global Research.
Dec. 8 (Bloomberg) -- The Bank of Korea , diversifying foreign-exchange reserves away from a falling dollar, said additional gold holdings aren’t attractive as most other central banks aren’t buying and the metal offers no cash returns.
Today's business news in brief
Apollo Investment Corp. said Tuesday it planned to sell 10 million shares of common stock to the public and use the proceeds to pay down debt.
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