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In June, the bank settled a dispute with outside investors, including PIMCO and Blackrock (NYSE:BLK) who purchased Countrywide Financial mortgage bonds.

The settlement, which also included securities trustee Bank of New York Mellon (NYSE:BK), has to be approved by a New York court.

Bank of America (NYSE:BAC) has a potential upside of 58.3% based on a current price of $8.83 and an average consensus analyst price target of $13.98.

New York Attorney General Eric Schniederman will oppose Bank of America's (NYSE:BAC) $8.5 billion settlement over repurchasing toxic mortgage loans.

The executive director of the Sierra Club explained the gift from the mayor as a "game changer from our perspective."

Through Bloomberg's donation, the Sierra Club plans to increase its "Beyond Coal" staff from about 100 people to nearly 200 full-time employees, which it force arrangement in 46 states. A large amount of the staff will engage in g

New York City Mayor Michael Bloomberg donated $50 million to the Sierra Club to provide a countrywide campaign to get rid of coal-fired power plants.

The current downtrend began in August 2010, after the federal homebuyer tax credit expired in the spring.

U.S. home prices declined in January, falling to a level equal with the summer of 2003, according to the S&P Case-Shiller indexes. The index showed prices fell 1% in the month, after rising 2.38% in December.

ExxonMobil, currently the largest company in the world by market capitalization, said it will spend $34 billion this year and between $33 and $37 billion per year through 2015 to increase its production.

Many of the major oil companies have vowed to step up spending in an effort to increase their output as oil prices surge.

ExxonMobil (NYSE:XOM), the largest U.S. oil company, said it plans to spend $100 million per day over the next five years to increase its oil output.

The study is being conducted by cadets from West Point's department of electrical engineering and computer science, who have deployed the RTN's SureView information protection solution on a U.S. Military Academy network within a s

Raytheon (RTN) announced today that it has teamed with the U.S. Military Academy at West Point for a study about insider threats on war front lines. The expectation is that the study will arm warfighters with the ability to detect

The U.S. arm of HSBC announced Monday received two subpoenas from the SEC. The commission is seeking documents and information relating to HSBC's private-label residential mortgage-backed securities transactions. The first subpoe

Also, securities litigation firm Klayman & Toskes filed a securities arbitration claim against Merrill Lynch, part of Bank of America Corp., on behalf of a retired UPS employee seeking damages of $2.5 mln.

Bank of America shares are down 0.13%, or $0.02, to $14.82.

Bank of America (BAC) is down after the bank said it will end its personal income tax processing contract with the state of New York. The move could lead to loss of thousands of seasonal jobs, Bloomberg reported.