BofA Names Roberts Head of Global Rates and Structured Credit and 2 More Heavily Traded Stocks to Follow
Bank of America Corp. (NYSE:BAC) Current price $14.49
David Sobotka, who on Wednesday was appointed BofA’s only chief of fixed-income trading, has chosen Will Roberts as chief of global rates and structured credit, according to three knowledgeable sources, adding that Roberts served for five years at Goldman Sachs Group Inc. until 2008 and came to Bank of America in 2011 to work with his former supervisor, Co-Chief Operating Officer Thomas K. Montag.
He will oversee sovereign debt, swaps, and rate-options trading. Sobotka manages a business that brought 13 percent of Bank of America’s revenue last year. He will lead fixed-income, currency, and commodities trading after co-leader Gerhard Seebacher announced that he will exit at the end of September.
Yahoo! Inc. (NASDAQ:YHOO): Current price $29.65
Yahoo shares touched $30.27 Thursday, beyond the price that Microsoft offered to acquire the Internet firm in 2008, an accomplishment that seemed unrealistic until Yahoo brought in Chief Executive Marissa Mayer in 2012. The stock crossed the symbolically important milestone Thursday when it surpassed $30 for the first time since February 2008. The Yahoo co-founder and then-CEO Jerry Yang were summoning ways in which to oppose an unsolicited takeover bid from Microsoft Corp. that was later withdrawn following several months of futile negotiations.
AT&T Inc. (NYSE:T): Current price $34.38
So as to follow its ongoing network investment in support of increasing demand for advanced wireless devices and services, AT&T has expanded its mobile Internet coverage at CenturyLink Field by finishing the installation of a new Distributed Antenna System, improving the customer experience throughout the facility. The CenturyLink Field DAS installation forms part of AT&T’s Project Velocity VIP, a three-year investment plan announced in autumn 2012 to expand and enhance its IP broadband networks. Through this investment, AT&T is backing its customers’ growing desire for new mobile, application, and cloud-based services.
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