bank of america

Bank of America Corp. said Friday it is ready to settle federal and state investigations into sales of risky auction-rate securities, joining eight other big investment banks that have agreed to buy back a total of more than $50 billion of the securities.

Bank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities.

Bank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities.

I used to think identity theft was just an over-hyped gimmick to get people to pay for credit reports and monitoring.

That is, until my checking account was cleared out. Turns out, most major banks are not well equipped to handle ID theft, or even your money for that matter.

StreetInsider.com Pre-Open Movers:

ArthroCare Corporation (Nasdaq: ARTC) 18% LOWER; to Restate Financials for 2006-07; Current Data Can No Longer Be Relied Upon

Genentech (NYSE: DNA) 15.6% HIGHER; Roche (OTC: RHHBY) has proposed to acquire Genentech for US$89.00 per share in cash.

Investors see a higher bid, driving the stock up to $94.60 this AM.

The Timken Company (NYSE: TKR) 12% HIGHER; sees Q2 EPS $0.96, ex-items, versus the company's previous estimate of $0.73 to $0.83 per share.

StreetInsider.com Trading Radar: Before Market Opens: Earnings: Hasbro (NYSE: HAS) - consensus EPS $0.22, revs $675.40M Merck (NYSE: MRK) - consensus EPS $0.83, revs $6.04B Schering-Plough (NYSE: SGP) - consensus EPS $0.41, revs $4.76B Intraday or Not Specified: Economics: 10 AM ET

• Leading Indicators for June - Street expects down 0.1%

Earnings: American Express (NYSE: AXP) - consensus EPS $0.83, revs $7.60B Badger Meter (NYSE: BMI) - consensus EPS $0.43, revs $70.29M Bank of America (NYSE: BAC) - consensus EPS $0.53, revs $18.37B Texas Instruments (NYSE: TXN

States Take Aim at Countrywide; Why is Bank of America Going Forth with Acquisition?

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Bank of America (NYSE: BAC) spokesman says Countrywide (NYSE: CFC) takeover is 'on track' - Bloomberg
• Knight Capital Group, Inc.
  
  (Nasdaq: NITE) has agreed to acquire Libertas Holdings, LLC, a leading boutique institutional fixed income brokerage firm, for approximately $50 million in cash and $25 million of unregistered Knight stock, payable upon close.
  
  The terms of the agreement include two components valued at up to $150 million.

"When they walk into a former LaSalle banking center, it will look and feel like a Bank of America banking center."

Bank of America Corp. will officially mark its $21 billion purchase of Chicago's LaSalle Bank Corp. via The Associated Press

Liam McGee, Bank of America's president of global consumer and small business banking, chatted with The Associated Press about his thoughts on leading his bank's retail growth and customers' perceptions of the conversion from the LaSalle Bank brand.