Bank of America (BAC: 10.43, 1.75, 20.16%) on Monday contradicted a report saying it was planning to raise $10 billion in capital. The Financial Times had reported that BofA was found by the government’s stress tests to need at least $10 billion of capital, and that the company was working on plans to raise new money. “The Financial Times report is completely inaccurate,” BofA spokesman Scot...

Wall Street struggled to shake flu fears Monday afternoon as stocks dipped back into the red over concerns about how a potential global pandemic will impact the already-weak world economy. Today’s Markets As of 1:45 p.m. EDT, the Dow Jones Industrial Average lost 44.44 points, or 0.55%, to 8032.16, the S&P 500 sank 7.05 points, or 0.81%, to 859.18 and the Nasdaq Composite fell 11....

Wall Street struggled to make headway Thursday afternoon as traders worried about the latest economic and labor reports underscoring the depth of the U.S. recession. Today’s Markets As of 12:26 p.m. EDT, the Dow Jones Industrial Average lost 49.22 points, or 0.62%, to 7837.11, the S&P 500 sank 3.77 points, or 0.47%, to 839.62 and the Nasdaq Composite lost 11.66 points, or 0.68%, t...

General Motors Corp., struggling to restructure itself amid increasing odds of a bankruptcy filing, said it plans to skip a $1 billion debt payment due June 1, according to a Wall Street Journal report on Wednesday. GM’s (GM: General Motors Corp News , chart , profile , more Last: 1.67-0.03-1.76% GM 1.67, -0.03, -1.8...

NEW YORK–Morgan Stanley (MS: 22.77, -1.912, -7.75%) posted its second straight quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a charge from the improving value of it own debt wiped out gains in its trading businesses. The investment bank and brokerage giant reported a net loss applicable to common shareholders of $177 million, or 57 cents a s...

The gloomy economic climate has forced many businesses to close up shop, but one fund manager says the business of protecting the world’s food supply isn’t going away anytime soon. And that’s just one reason why agrichemicals company Syngenta (SYT: 40.92, 0.39, 0.96%) is a worthy investment right now, said David Carr, portfolio manager for the Oak Value Fund (OAKVX: undefined, undefin...

BOSTON — Investors frustrated by losses in their mutual funds always hope to get a pound of flesh back from the fund managers. Alas, suing funds and fund managers typically has brought less than an ounce of flesh, if anything. The fund world is full of tales of woe told in court to no effect. But that hasn’t stopped investors from trying, and some recent cases bear watching fo...

Converting the government’s preferred Troubled Asset Relief Program shares into common stock remains an option if stress tests determine that certain banks need more capital, a Treasury Department spokesperson said Monday. Treasury took that very measure with Citigroup (C: 2.86, -0.09, -3.05%) earlier this year when Citi needed to shore up its capital reserves. Common shares count ...

PepsiCo Inc.’s (PEP) $6 billion bid for two of its bottlers is poised to have a far reaching effect across the U.S. beverage industry, spurring more cost savings for Pepsi, prompting big changes in distribution and raising the possibility of a similar move by rival Coca-Cola Co. (KO). More immediately, PepsiCo’s bid could spark a round of negotiations with the bottlers it is offering t...

U.S. stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans. Wall Street’s tumble follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938. Dow component Bank of America (BAC.N) shares ...