Bank of America plans to cut 3,000 jobs

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Source: CNBC
Bank of America Corp. announced its plan to eliminate as much as 3,000 jobs across the U.S., while the majority of all cuts will be in the mortgage department. Bank's officials say that the number of accepted applications for mortgage shrank 60% from June to September. Bank of America Corp. stocks lost 0.28% to $14.17 per share during the yesterday's trading session in New York.
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Fri, 25 Oct 2013 12:16:03 GMT

US Treasuries climb to 2-week high on Fed stimulus

The US government 10-year yield dropped one basis point to 2.51% as of 6:01 am in New York amid optimism Fed will postpone monetary stimulus tapering until March 2014, as US economy strengthens at slower pace. The price for 2.5% security note maturing in August 2023 added 63 cents per $1,000 nominal value, to 99,875.

Fri, 25 Oct 2013 11:54:06 GMT

Microsoft profit rises more than expected

Microsoft Corp. released its quarterly report for the July-September period, as the company showed better than expected results. Revenues of the company jumped 16% to $18.53 billion, as consumers bought more its products and services. Net income climbed 17% to $5.24 billion, or $0.62 per share. Today, Microsoft Corp. equities are surging 5.28% to $35.50 per share at pre market

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