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BofA to Let Investors Vote on Moynihan's Expanded Role

published about 1 hour ago
Bank of America said it will give shareholders the chance to vote on the board’s decision in October to give the chairmanship to CEO Brian Moynihan.

Citic Securities Launches Global Investment-Banking Venture

published about 2 hours ago
China’s Citic Securities launched its global investment-banking platform, combining its bankers with those from CLSA, the Asian firm it acquired two years ago.

Dollar Rally Fueled By Buoyant American Consumer Sentiment

published about 2 hours ago
Dollar Rally Fueled By Buoyant American Consumer Sentiment
The U.S. dollar inched up against several currencies on Monday following consumer sentiment data produced late last week that suggested Americans are increasingly confident about the economy. It’s a modest reversal for the greenback, which has slid in recent weeks after a series of uninspiring data deflated investors’ enthusiasm for the Federal Reserve to raise interest rates in the near future.

When You Should Flee Your 401(k)

published about 2 hours ago
There are times when you should flee your 401(k) for greener pastures. Here are some key guidelines.

Nokia's Stock Nosedives On Lower Networks Profits In Q1

published about 2 hours ago
Nokia's Stock Nosedives On Lower Networks Profits In Q1
Nokia announced a mixed set of Q1 2015 results on Thursday, April 30, as the company beat consensus revenue estimates but fell short in terms of profits. Networks sales increased by 5% year-over-year (y-o-y) on a constant currency basis to EUR 2.67 billion ($3 billion), driven by solid growth in Global Services and a moderate increase in Mobile Broadband sales. In other businesses, the global mapping division HERE saw operational net sales grow 17% y-o-y to EUR 261 million ($294 ... more