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Asian stocks gain on U.S. aid to Bank of America

HONG KONG — Asian stocks rebounded today from the previous day's rout, with Tokyo's index gaining nearly 3 percent, as the U.S. bailed out Bank of America again and a weaker yen lifted exporters like Toyota Motor Corp.

 

Bank of America posts 4Q loss; gets $20B from US

Bank of America posts 4Q loss; gets $20B from US

Escalating credit losses drove Bank of America Corp. to report a fourth-quarter loss and slash its quarterly dividend to a penny on Friday, hours after receiving a multibillion-dollar lifeline from the federal government.

 

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