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Bank of America reports a sharp rise in profits after cutting costs and setting aside less money for bad loans.

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  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
  • YouTube Claims Victory Over TV - Battle Won With One Billion Visitors Per Month
    With more than one billion unique visitors every month, YouTube asserted last night that the battle between television and the online video giant is over. YouTube claimed victory with six billion views per month. According to the Wall Street Journal, which cited Mark Mahaney's estimates, a stock analyst at RBC Capital Markets,  that YouTube generated about $4 billion in revenue in 2012, up from $2.5 billion in 2011. More
  • Three big US banks release $5bn in loan loss reserves in sign of optimism
    JPMorgan Chase, Citigroup and Wells Fargo have released a total of more than $5bn of pandemic-era loan loss reserves in a sign of optimism for the economic outlook even as the US reels from the latest ...
    01/15/2021 - 1:58 am | View Link
  • Coronavirus: Texas becomes first US state to administer 1m vaccine doses — as it happened
    Germany’s 2020 contraction shows economy in better shape than thought. Norwegian to abandon long-haul market as it fights for survival. France tightens Covid curfew and border controls.
    01/14/2021 - 7:18 pm | View Link
  • Tesco posts record Christmas sales; US jobless claims jump – business live
    Rolling coverage of the latest economic and financial news ...
    01/14/2021 - 12:54 am | View Link
  • Bank of America
    "Our view of the economy reflects the activity by the one-in-two American households we serve, which points to a steadily growing economy," the Bank of America chairman and chief executive Brian ...
    01/13/2021 - 1:01 am | View Link
  • Is 'hysterical' market speculation pushing us towards another crash?
    Analysts at Bank of America joined him last Friday ... despite making a fraction of their profits. Yet bitcoin and Tesla have by no means been the only beneficiaries. While 2020 for most of us will be ...
    01/9/2021 - 3:50 pm | View Link
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