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Bank of America Corporation (NYSE:BAC) stated that it has not yet refinanced a significant number of loans as part of the industry’s $25 billion settlement concerning foreclosure abuses, and JPMorgan Chase (NYSE:JPM) stated that it finished a large portion of its $500 million program, and Wells Fargo (NYSE:WFC) claimed that it expects to complete its $900 million requirement two years before a 2015 deadline, Bloomberg reports. Shares of Bank of America Corporation are trading 0.95% higher today.
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AT&T (NYSE:T): Twenty-six large U.S. companies paid their CEOs more last year than they gave the federal government in tax money, states a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, claimed that the companies, including AT&T, Boeing, and Citigroup, paid their CEOs $20.4 million on average last year while they paid little or no federal tax on ample profits, according to regulatory filings.
Toyota Motor Corporation (NYSE:TM): Ford’s new hybrids and EVs intention are to directly compete with Toyota, who is the electric and hybrid vehicle leader of the market. One example is the C-MAX Energi plug-in hybrid, which is to come to market during the fall, and it has a projected electric-mode miles per gallon equivalent that is over three times more than that of the Toyota Prius plug-in hybrid per EPA testing methods, according to Ford. Shares of Toyota Motor Corporation are trading 2.19% higher today.
GMAC LLC (NYSE:GOM): Today, Standard & Poor’s Ratings Services withdrew its AVERAGE servicer rankings on Proyectos Adamantine, S.A. de C.V., SOFOM, E.N.R., which was formerly called GMAC Financiera, S.A. DE C.V., SOFOM, E.N.R.) as a residential mortgage master servicer and a construction loan servicer at the company’s request. Before the withdrawals, there were negative outlooks for both rankings, and it was deemed that the company’s financial position is insufficient. Shares of GMAC LLC are trading 0.04% higher today.
Apple Inc. (NASDAQ:AAPL) is currently communicating with some large U.S. cable operators regarding the allowance of Apple consumers to use an Apple device as a set-top box for live TV along with other content, sources say and the Wall Street Journal reports. Shares of Apple Inc. are trading 0.84% higher today.
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