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SEC Fines Bank Of America $7.65-Million

Posted On September 30, 2014

(Undated) -- Bank of America will pay a seven-point-65-million dollar civil penalty to settle charges over a multi-billion dollar miscalculation the bank made. B of A revealed earlier this year that it incorrectly accounted for a type of debt it inherited when it acquired stock brokerage Merrill Lynch in 2009. When the bank discovered the…

AEG Officials Want More Time To Land NFL Team

Posted On September 30, 2014

(Los Angeles, CA) -- The Anschutz Entertainment Group is asking for more time to land an NFL team in Los Angeles. AEG officials say they are making headway with the NFL and asked L.A. city leaders Monday for an additional six months to land a franchise. As it stands now the company has until October…

Instagram CEO Joins Walmart Board Of Directors

Posted On September 30, 2014

(Undated) -- The co-founder and CEO of Instagram is joining Walmart's board of directors. The world's biggest retailer announced Monday that Kevin Systrom will be a member of Walmart's technology and e-commerce committee. Industry analysts believe Walmart chairman Rob Walton feels that Systrom's social media expertise will support the retailer's efforts to compete with e-commerce…

Stocks Lose Ground Amid Hong Kong Concerns

Posted On September 29, 2014

(New York, NY) -- Stocks are closing the trading day in negative territory amid concerns about a massive pro-democracy rally that continues in Hong Kong. There was a sharp selloff early in the day, with a drop of more than 150 points in the Dow Jones Industrial Average after the opening bell. The Dow regained…

Toyota Recalls 690,000 Vehicles For Suspension Glitch

Posted On September 29, 2014

(Undated) -- Toyota is recalling nearly 700-thousand Tacoma pickup trucks over a problem with the vehicles' rear suspension system. The automaker says leaf springs could fracture due to stress or corrosion, possibly resulting in a fire. The recalled Tacoma 4X4 and Tacoma pre-runner pickup trucks are from model years 2005 to 2011.