Types Of Bankruptcy

Paul Krugman: Betting the bank   Four years ago, an academic economist named Ben Bernanke co-authored a technical paper that could have been titled "Things the Federal Reserve Might Try if It's Desperate" - although


No Job Reductions at Detroit's Top Newspapers  Gannett is buying the Detroit Free Press and selling The Detroit News. At the same time, the News is expected to publish a morning edition Monday through Saturday, while the


Web site targets new homes  HBA's site will let builders list homes Austin Business Journal - May 5, 2006 by Jenny Robertson Austin Business Journal Staff The Home Builders Association of Greater Austin has launched


Bartow's Badcock Moves Into Old Wal-Mart  WASHINGTON - Was former Federal Reserve Chairman Alan Greenspan right when he put the chance of a recession this year at one in three? read more...


home starts in San Antonio down 34 percent in 2007  "Be very glad you're in San Antonio. Texas will do better than most any state this year, and San Antonio will do better than most parts of Texas." New-home


Ashland resident promoted  Kris Sundberg, of Ashland, certainly feels "at home" with AtHome America, one of the country's leading direct sellers of home-decorating accents and furnishings.read more...

January 21st, 2008

Bank of America 4Q Profit Falls

“We certainly are not pleased with our performance”

Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, hurt by mounting credit losses and weak investment banking results.

Net income at the Charlotte-based bank dropped to $268 million, or 5 cents per share, in the three months ended Dec. 31 from $5.26 billion, or $1.16 per share, a year ago.

The bank’s revenue fell 32 percent to $12.67 billion from $18.49 billion last year.

The quarter included results from LaSalle Bank, which Bank of America purchased on Oct. 1. Read more



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