The New York State attorney general announced Friday that the office had reached a $7.5 million settlement with Joe L. Price, the former chief financial officer for Bank of America Corp (NYSE:BAC), over allegations that the bank’s management withheld material information related to its 2008 merger with Merrill Lynch. Bank of America Corp (NYSE:BAC) shares after opening at $16.10 moved to $16.23 on last trade day and at the end of the day closed at $15.95. Company price to sales ratio in past twelve months was calculated as 3.12 and price to cash ratio as 0.27. Bank of America Corp (NYSE:BAC) showed a negative weekly performance of -1.24%.
To counter the perennial decline in PCs, Advanced Micro Devices, Inc. (NYSE:AMD) is looking to make it big as a supplier of processors for game consoles from Microsoft Corporation (NASDAQ:MSFT) and Sony Corp (ADR) (NYSE:SNE).Advanced Micro Devices, Inc. (NYSE:AMD) shares fell -5.37% in last trading session and ended the day on $4.05. AMD return on equity ratio is recorded as -18.90% and its return on assets is -2.00%. Advanced Micro Devices, Inc. (NYSE:AMD) yearly performance is 51.12%.
Verizon Communications Inc. (NYSE:VZ) reported its financial and operational results for the first quarter of its 2014 fiscal year (1QFY14; ended March 31, 2014). The New York-based company exceeded revenue expectations, but could not manage to meet earnings estimates.Verizon Communications Inc. (NYSE:VZ) shares moved down -0.73% in last trading session and was closed at $45.94, while trading in range of $45.85-$46.25. Verizon Communications Inc. (NYSE:VZ) year to date performance is -4.45%.
Airbus has signed a multi-year supply agreement with Alcoa Inc (NYSE:AA) whereby it will provide aluminum aerospace forging and value-add titanium to Airbus. An agreement has been made for consideration of roughly $110 million. The parts will be produced at its facility in Cleveland which has recently been upgraded. Alcoa is already in another multi-year agreement with Airbus valued at nearly $1.4 billion since 2012.Alcoa Inc (NYSE:AA) weekly performance is -1.70%. On last trading day company shares ended up $13.33. Alcoa Inc (NYSE:AA) distance from 50-day simple moving average is 8.42%. Analysts mean target price for the company is $12.00.
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