Bank of America (NYSE:BAC) will pay $375 million to settle bond insurer Syncora Guarantee’s lawsuit pertaining to 2008 mortgage backed securities ex. Countrywide, which was later bought by Bank of America, the quality of which was allegedly misrepresented to Syncora.
Don’t Miss: Bank of America Earnings CHEAT SHEET.
Goldman Sachs boosts Tiffany’s (NYSE:TIF) shares from Neutral to Buy saying the luxury Tiffany brand is “rock solid” and expecting above-normal growth.
About 42,000 retiree-employees of General Motors (NYSE:GM) must make their choice by Friday between a monthly pension payout and a lump-sum payment. Workers who may opt for the lump-sum are being frantically wooed by the investment advisory community in Detroit, while other large companies are likely to decide their strategies on weighty pension obligations after they see how GM pans out.
Investing Insights: Wall Street Brief: Intel Profits SINK, Vivus Wins HUGE Victory.