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Tag Archives: Bank of America Merrill Lynch

All signs pointing to steady housing recovery

WASHINGTON — The recovery of the U.S. housing market is looking steadier and more sustainable, a trend that will likely add to economic growth in 2012 for the first time in seven years. Purchases, construction and prices are gradually but ...

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New year starts with hopeful outlook on hiring

WASHINGTON — The job market is looking a little brighter at the start of the new year. Weekly unemployment benefit applications have fallen to levels last seen more than three years ago. Holiday sales were solid. Service companies grew a ...

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Bank of America expects $1.8B gain from stake in Chinese bank

CHARLOTTE, N.C. — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base. The latest sell-off in the Chinese bank, announced Monday, is expected to generate ...

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Consumer spending in May weakest in a year

WASHINGTON — For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gas prices and unemployment are squeezing household budgets. When adjusted for inflation, spending actually ...

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Bethesda based American Capital prices share offer at $28 each

BETHESDA — American Capital Agency Corp. said it had priced its public offering of 23.4 million shares at $28 per share, and expects it to generate net proceeds of approximately $625 million after expenses. The offered price announced late Thursday ...

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