Bank of America News

The CGM Focus Fund , run by star Boston stockpicker Ken Heebner, slashed its stake in Bank of America Corp.

Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.

A California Institute of Technology graduate student has been resentenced to federal prison for conspiracy in the firebombing of dozens of SUVs in an environmental protest.

Hershey Co. a s controlling trust wants the candy company to make a $17 billion bid for British confectioner Cadbury Plc, the Wall Street Journal reported, citing unidentified people familiar with the matter.

Paulson & Co., the hedge fund firm run by billionaire John Paulson , told investors Bank of America Corp.

Things have been pretty dark for Dick Bove ever since her man, the " brilliant " Ken Lewis was essentially forced out of his job .

Bank of America Corp . won a court bid to appoint a receiver for Chicagoa s Block 37 shopping mall after the developer defaulted, taking control of one of the citya s largest projects.

U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

What a day for Ken Lewis & Co.! First, one of the savviest hedge fund managers out there gives BofA a big thumbs up .

It is hard to believe that Ohio Attorney General Richard Cordray, with his state facing its own woes, would be hanging around Wall Street looking for a fight.

Meredith Whitney , the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their own investment companies.

What's the best job in financial services? The available chief executive's seat at the troubled Bank of America may not spring to mind.

While many of his peers are hunkering down in the financial crisis, U.S. Bancorp chief executive Richard Davis is on the offensive.

Nov. 17 -- William Cohan, author of "House of Cards" and a Bloomberg Television contributing editor, talks with Erik Schatzker and Deirdre Bolton about Bank of America Corp.'s search for a new chief executive officer to replace departing chief Kenneth Lewis.

U.S. stocks retreated, pulling the Standard & Poora s 500 Index down from a 13-month high, as technology companies slid on profit forecasts at Salesforce.com Inc.

Bank of America Corp. , UBS AG and JPMorgan Chase & Co. were sued by a California public utility over claims they rigged sales of municipal derivatives and shared illegal profits through kickbacks.

A senior House Democrat said Tuesday the government didn't force Bank of America to take over Merrill Lynch, but Republicans charged that a committee inquiry was covering up the role of an Obama administration official.

Tuesday morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty.

Nov. 17 -- Russ Gerson, chief executive officer of the Gerson Group, talks with Bloomberg's Betty Liu and Dan Colarusso about the outlook for Bank of America Corp.'s leadership.

Maguire Properties Inc., one of the region's largest commercial landlords, has been hit with a legal complaint by Bank of America Corp.