Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Bank of America Corporation (NYSE:BAC). Bank of America announced a $4 billion downward revision of the Company’s previously disclosed regulatory capital due to an accounting error related to the Company’s 2009 acquisition of Merrill Lynch & Co. The Company further announced that the Federal Reserve Board has required the Company to resubmit its data templates and requested capital actions and directed that the Company suspend its plan to buy back more shares and raise its dividend. Bank of America Corp (NYSE:BAC) shares after opening at $15.07 moved to $15.13 on last trade day and at the end of the day closed at $15.08 . Company price to sales ratio in past twelve months was calculated as 2.94 and price to cash ratio as 0.26. Bank of America Corp (NYSE:BAC) showed a positive weekly performance of 0.87%.
General Electric Company (NYSE:GE) yesterday said it welcomes input from the French government, responding to comments from French political leaders about its pursuit of the Alstom assets. While Alstom named a committee of independent directors on April 30 to study GE’s offer and will proceed to exclusive talks if the plan wins support, French Economy Minister Arnaud Montebourg has suggested he would prefer the Siemens offer. General Electric Company (NYSE:GE) shares fell -0.37% in last trading session and ended the day on $26.58. GE return on equity ratio is recorded as 9.90% and its return on assets is 1.90%. General Electric Company (NYSE:GE) yearly performance is 21.65%.
Rite Aid Corporation (NYSE:RAD) announced that Matt Lynch, an information technology executive with nearly 30 years’ experience, is joining Rite Aid as senior vice president and chief information officer. Rite Aid Corporation (NYSE:RAD) shares moved down -0.13% in last trading session and was closed at $7.86 while trading in range of $7.70 – $7.95 – Rite Aid Corporation (NYSE:RAD) year to date (YTD) performance is 55.34%.
Target Corporation (NYSE:TGT)’s CEO has become the first boss of a major corporation to lose his job over a breach of customer data, showing how responsibility for computer security now reaches right to the top. Gregg Steinhafel, who was also president and chairman, stepped down nearly five months after Target disclosed a huge pre-Christmas breach in which hackers stole millions of customers’ credit- and debit-card records. The theft badly damaged the store chain’s reputation and profits. Target Corporation (NYSE:TGT) weekly performance is -3.72%. On last trading day company shares ended up $59.87. Target Corporation (NYSE:TGT) distance from 50-day simple moving average (SMA50) is -0.69%. Analysts mean target price for the company is $63.59.
AT&T Inc. (NYSE:T) announced the winners of the AT&T 2013 Supplier Diversity Crystal Award to a select group of Prime Suppliers who attained and/or exceeded 21.5 percent diversity utilization in 2013. ReliOn, a Plug Power Company, was selected as a recipient of the award, which is exemplary of our commitment to collaborating with our customers, suppliers and the local communities alongside of AT&T. Notably, the award recognizes our performance which contributed to AT&T exceeding its diversity spend target for its Prime Supplier program. AT&T Inc. (NYSE:T) shares after opening at $35.58 moved to $35.76 on last trade day and at the end of the day closed at $ 35.76 . Company price to sales ratio in past twelve months was calculated as 1.43 and price to cash ratio as 51.40. AT&T Inc. (NYSE:T) showed a positive weekly performance of 1.94%.
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