Warren Buffett is happy to admit his mistakes when he makes them—just don't remind him how much money he lost in the process.» Read More
Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...
Bank of America Corp. fell$. 20 or 1.2 percent, to $16.40. Citigroup Inc. fell$. 57 or 1.1 percent, to $50.70. Goldman Sachs fell $3.35 or 1.9 percent, to $176.83.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.58. Citigroup Inc. rose$. 06 or. 1 percent, to $51.33. JPMorgan Chase rose$. 12 or. 2 percent, to $58.05.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.67. Citigroup Inc. rose$. 37 or. 7 percent, to $51.64. Goldman Sachs fell $1.15 or. 6 percent, to $179.03.
NEW YORK, Oct 21- Ocwen Financial Corp may have harmed hundreds of thousands of borrowers by sending backdated letters about loan modifications and foreclosures, New York state's financial regulator said on Tuesday, sparking a selloff in shares of the mortgage servicer. The company denied loan modifications in letters that borrowers received more than 30...
Bank of America Corp. rose$. 34 or 2.1 percent, to $16.60. Citigroup Inc. rose$. 74 or 1.5 percent, to $51.27. Morgan Stanley rose$. 74 or 2.2 percent, to $34.06.
SINGAPORE/ PARIS, Oct 22- From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Between them, Indonesia's Lion Air, Malaysia's AirAsia and Norwegian Air Shuttle have ordered more than 1,400 Airbus and Boeing jets, worth about $140 billion at current list prices.
NEW YORK, Oct 21- Shares of Ocwen Financial Corp tumbled on Tuesday after New York's financial regulator said the company, one of the largest U.S. collectors of mortgage payments, may have harmed hundreds of thousands of borrowers by sending letters about loan modifications and foreclosures that were dated months earlier. The company, which has been under...
Bank of America Corp. rose$. 22 or 1.4 percent, to $16.48. Citigroup Inc. rose$. 69 or 1.4 percent, to $51.22. Goldman Sachs rose $1.45 or. 8 percent, to $179.29.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.37. Citigroup Inc. rose$. 45 or. 9 percent, to $50.98. Goldman Sachs rose $1.32 or. 7 percent, to $179.16.
NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...
Bank of America Corp. rose$. 05 or. 3 percent, to $16.26. Citigroup Inc. rose$. 46 or. 9 percent, to $50.53. Goldman Sachs rose$. 93 or. 5 percent, to $177.84.
CUPERTINO, Calif.— Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.
Bank of America Corp. rose$. 01 or. 1 percent, to $16.22. Citigroup Inc. rose$. 01 or percent, to $50.08. Goldman Sachs rose$. 20 or. 1 percent, to $177.11.
NEW YORK— IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Is it too late for IBM? Remaking itself is something IBM has done many times through its long history.
Apple's new mobile payment service bets consumers will no longer want to carry wallets, credit cards or cash.
Wage growth in the U.S. has been flat for decades, providing an ugly counterweight to an ostensibly improving part of the economy.
Bank of America Corp. rose$. 13 or. 8 percent, to $16.21. Citigroup Inc. rose$. 32 or. 6 percent, to $50.07. Goldman Sachs rose $4.33 or 2.5 percent, to $176.91.
*Q2 new enrollments fall 8.1 pct vs forecast of 10-15 pct. Oct 17- ITT Educational Services Inc said an increase in scholarships helped it sign up more students than previously forecast in the quarter ended June, offering some relief to the struggling U.S. for-profit education sector. Shares of other for-profit education providers, including Corinthian...
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AK Steel Holding Corp. rose 9.4 percent to $6.30 with 25,224,900 shares traded. AbbVie rose. 9 percent to $53.37 with 31,805,800 shares traded.