CHARLOTTE, N.C./HONG KONG (Reuters) - Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital.
US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared.
NEW YORK — US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared.
NEW YORK — US stocks surged strongly on Tuesday, boosted by growing hopes the US Federal Reserve will offer new stimulus measures to kick-start a sluggish economy.
NEW YORK — Disappointment that Bank of America would not jettison its entire $17 billion stake in a major Chinese bank in order to boost its own capital sent its shares tumbling Tuesday.
