Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Bank of America Corp(NYSE:BAC), Alcoa Inc (NYSE:AA).
Bank of America Corp(NYSE:BAC) shares decreased 0.35% to $14.12. Bank of America Corp's Merrill Lynch unit agreed to pay $160 million to settle a racial bias lawsuit that went through two appeals at the United States Supreme Court, the New York Times reported, citing the plaintiff's lawyer on August 28.
Additionally, A U.S. government lawsuit accusing Bank of America Corp of fraud in the sale of billions of dollars of toxic mortgage loans to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) is on track to go to trial next month after a judge rejected the bank's bid to dismiss the case. In an order made public on August 27, U.S. District Judge Jed Rakoff in Manhattan said there were "genuine factual disputes" that justify letting the case continue against the second-largest U.S. bank.
Are investors worried about the recent updates with BAC? Find out with a free trend analysis HERE
Alcoa Inc (NYSE:AA) shares declined 1.41% to $7.70. The company on August 26 announced promotions that will extend Alcoa's leadership in the area of environment, health and safety, and enhance the company's business development and asset management capabilities worldwide.
Mike Barriere, Vice President, Human Resources, was promoted to Executive Vice President, Human Resources and Environment, Health and Safety (EHS). He will have oversight of the newly combined Human Resources and EHS group.
Kevin McKnight, Director, EHS & Sustainability, will become Chief Sustainability Officer and Vice President of EHS, reporting to Barriere effective Sept. 1, 2013. McKnight succeeds Kevin Anton who plans to retire at year-end after more than 30 years in the metals and mining industry, including 15 with Alcoa.
Additionally, the company will begin trading ex-dividend on August 07, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on August 26, 2013. Shareholders who purchased AA stock prior to the ex-dividend date are eligible for the cash dividend payment.
Is AA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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