With new devices on the way and roughly 50 million people globally still using its older-generation phones, BlackBerry sees potential in mobile.» Read More
Bank of America Corp. rose$. 03 or. 1 percent, to $17.04. Citigroup Inc. fell$. 16 or. 3 percent, to $51.89. Wells Fargo rose$. 20 or. 4 percent, to $51.89.
Bank of America Corp. fell$. 01 or. 1 percent, to $17.00. Citigroup Inc. fell$. 20 or. 4 percent, to $51.85. Goldman Sachs fell$. 78 or. 4 percent, to $183.05.
BEIJING, Sept 30- China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market.
BANGKOK, Sept 30- Thai factory output dropped for a 17th straight month and a central bank index showed consumption slipped in August, the latest signs that the country's economy is still sputtering.
*Alibaba leads way with record share listing. LONDON/ HONG KONG, Sept 30- Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.
Bank of America Corp. fell$. 02 or. 1 percent, to $17.01. Citigroup Inc. fell$. 44 or. 8 percent, to $52.05. Goldman Sachs fell $1.29 or. 7 percent, to $183.83.
Sept 29- Amag Pharmaceuticals Inc entered the women's healthcare business by acquiring privately held Lumara Health Inc for $675 million in its biggest deal ever, sending its shares up as much as 23 percent to a four-year high.
Bank of America Corp. fell$. 05 or. 3 percent, to $16.99. Citigroup Inc. fell$. 39 or. 7 percent, to $52.10. Goldman Sachs fell $1.55 or. 8 percent, to $183.57.
TORONTO, Sept 29- Even as BlackBerry pivots to focus more on software and services, the company that gained fame for its smartphones is not giving up on its handset business, two senior executives said.
Bank of America Corp. fell$. 06 or. 4 percent, to $16.97. Citigroup Inc. fell$. 75 or 1.4 percent, to $51.74. US Bank fell$. 12 or. 3 percent, to $41.75.
Sept 29- Perfume and cosmetics maker Coty Inc said Chief Executive Michele Scannavini had stepped down for personal reasons, sending the company's shares down as much as 3 percent.
The European Central Bank is expected to publish the outcome of its bank asset quality review on Oct. 26 in a bid to convince investors- after three previous "stress tests" failed to spot subsequent problems- that Europe's lenders have sifted out their risky holdings and now have enough capital to withstand any more financial crisis-style shocks.
ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.
ZURICH, Sept 29- Switzerland's UBS has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.92. Citigroup Inc. rose$. 26 or. 5 percent, to $52.22. Goldman Sachs rose$. 10 or. 1 percent, to $184.19.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.96. Citigroup Inc. rose$. 32 or. 6 percent, to $52.28. Goldman Sachs rose$. 62 or. 3 percent, to $184.71.
NEW YORK, Sept 26- U.S. stock investors, despite finding few areas of the market that appear cheap with indexes near records, appear reluctant to jump into what could be the biggest bargain out there. Bank of America, Citigroup and JPMorgan Chase all have NIMs below the industry medium of 3.6 percent.
LONDON, Sept 26- Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that could cost them close to 2 billion pounds.
WASHINGTON— The U.S. economy's bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year. The economy as measured by gross domestic product grew at a 4.6 percent annual rate in the April-June quarter, the Commerce Department said Friday.
WASHINGTON— The government issues its third and final estimate of how fast the U.S. economy grew in the April-June quarter. The report will come out at 8:30 a.m. EDT Friday. SIZZLING GROWTH: The expectation is that the economy, as measured by the gross domestic product, expanded at an annual rate of 4.6 percent in the second quarter.