"When they walk into a former LaSalle banking center, it will look and feel like a Bank of America banking center."
Bank of America Corp. will officially mark its $21 billion purchase of Chicago's LaSalle Bank Corp. via MLive.com
European stocks rose for a third week as earnings from companies including Storebrand ASA and Royal Dutch Shell PLC beat estimates and the US Treasury and the Bank of England signaled the worst of the credit ... via The Taipei Times
"The U.S. currency seems to have a relatively positive bias now, and I personally feel that sentiment toward the dollar is changing"
TOKYO : The dollar rose against the yen Friday in Asia as sentiment turned upbeat after the release of better-than-expected data on U.S. consumer spending and manufacturing activity. via International Herald Tribune
"You'll now start to see lots of money that will be migrating sector to sector because everyone has been waiting for this momentum."
Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial markets are heading toward a second-half recovery.
There's been a steady stream lately of decent earnings reports and mostly benign economic data, and there's a sense that the credit crisis that pummeled stocks since last fall is nearing an end. For the first time in weeks, there's optimism that the government might have actually staved off a deep recession.
The U.S. consumer clearly isn't that cheerful, judging from consumer confidence figures released last week, but traders and portfolio managers on Wall Street often get ahead of themselves, looking past any bad news and toward future profits. Read more
"The type of agency being suggested"
Current mortgage distress looks to past ST. LOUIS -- While the nation's current level of mortgage distress seems reminiscent of the Great Depression, a closer examination reveals the underlying causes are far ... via KSNT-TV Topeka
Visiting French Prime Minister Francois Fillon insisted on Friday that the French and European economies are sound, but that the US economic slowdown would affect Europe s growth. via Taipei Times
"We believe that this capital raise will position us for future success under the most challenging circumstances."
The South Financial Group Inc., parent company of Carolina First Bank, said today it plans to issue approximately $250 million in preferred stock and cut its common-stock dividend to strengthen its capital ... via Tribune-Times
"The economy is just barely treading water"
The economy lost jobs for the fourth month in a row in April but at a slower pace than earlier in the year, easing fears that the economy was at a growing risk of slipping into a deep recession. via Reuters
"The fact that so many people are surprised to hear that anger in some of Reverend Wright's sermons simply reminds us of the old truism that the most segregated hour of American life occurs on Sunday morning."
Guess it's time to disown Granny, if Obama's famous Philadelphia "race" speech is to be believed. via Seattle Times
"Those are huge dislocations in the market. That's crazy"
Warren Buffett on Saturday said his Berkshire Hathaway holding company bought $4 billion of auction-rate securities during the market's recent distress. via Reuters
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