BofA Refutes Ex-Employees on Bonus Awards and 2 Other Hot Stocks to Watch
Bank of America Corp. (NYSE:BAC): Current price $13.68
On Friday, Bank of America said that its former employees who claim the bank awarded bonuses for sending homeowners into foreclosure misrepresented their positions, and made “impossible” claims regarding the firm’s assistance program. Moreover, the bank said that the ex-employees, whose sworn statements were filed in June in a lawsuit, had only limited roles at the company that did not permit them to understand the full array of assistance efforts, commenting “The declarants’ wild misrepresentations about their roles lead to impossible claims about what they did and saw. They “could not have witnessed what they claim to have witnessed because they were not in a position to do so and would not have witnessed such things in any event because Bank of America’s actual practices were diametrically opposite.”
Boston Scientific Corporation (NYSE:BSX): Current price $9.59
Boston Scientific has received FDA 510K clearance and CE Mark approval for its Guidezilla Guide Extension Catheter, and has introduced the device in the United States and Europe. The device was created to facilitate complex percutaneous coronary intervention procedures by more efficiently delivering interventional devices, such as balloons and stents, in situations that require extra backup support. The stainless steel hypotube shaft gives the ability to push, provides kink resistance, and reduces friction through the hydrophilic coating on the outer-diameter, making it easier for interventional cardiologists to navigate in difficult-to-reach areas.
Dell Inc. (NASDAQ:DELL): Current price $13.32
The activist investor Carl Icahn is offering Dell shareholders an opportunity to own a larger interest in the company, hoping to block an attempt by Dell’s founder to purchase the firm and make it private. Icahn holds almost a 9 percent stake in Dell, and is now offering warrants in addition to the cash he previously offered. Through his revised offer, shareholders could receive $14 per share, and now warrant one for every four of their shares. The warrant would permit shareholders the option to buy one Dell share for $20 over the next seven years.