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Lynchburg-based bank now on Wall Street
A hometown financial center can now be found on Wall Street.
Lynchburg's Bank of the James is now listed on the NasDaq Stock Exchange. The announcement was made Wednesday morning.
The bank's president says this move will help increase investor...Tags: Financial Markets, Stock Market, Lynchburg (Lynchburg, Virginia)
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Stocks struggle for a second day as oil prices jump and BofA's dividend request is rejected
AP Business WriterNEW YORK (AP) — Stocks turned mixed Wednesday after the Federal Reserve rejected Bank of America's plan to increase its dividend and the Japanese government said that the recent earthquake and tsunami will be the most expensive natural disaster in...Tags: Companies and Corporations, Commodity Markets, 3M Co., Federal Reserve, Shareholders
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Fed signals end to bond buys
WASHINGTON — Federal Reserve Chairman Ben S. Bernanke outlined a path for eventually ending the central bank's unprecedented stimulus efforts after Fed officials voiced surprising optimism about the economy. At the end of their two-day meeting...
Tags: Financial Markets, Labor Markets, Career and Workplace, Mortgages, Employment
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Instant View: Fed to keep buying bonds, boosts 2014 forecasts
Reuters(Reuters) - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a...Tags: Economic Policy, Career and Workplace, Politics, BB&T Corp., Economy
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Bonds, shares slump as Fed signals end to stimulus
ReutersLONDON (Reuters) - Bonds, shares and commodities fell sharply around the world on Thursday and the dollar rose after the U.S. Federal Reserve explicitly signaled an end to easy money and data showed China's economy slowing down. The sell-off began...Tags: Alcoa Incorporated, World Bank Group, Chuck Hagel, Sumitomo Corporation, Symptoms
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GLOBAL MARKETS-Stocks, bonds drop as Fed points to reduced bond buying
Reuters* Bernanke suggests timetable for reduced bond purchases * U.S. stocks fall more than 1 percent * Treasury bond prices drop, 10-yr yield at 15-month high By Leah Schnurr NEW YORK, June 19 (Reuters) - Stocks tumbled and benchmark Treasury bonds rose to...Tags: Financial Markets, S&P 500, Career and Workplace, Stock Market, Employment
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STOCKS NEWS US-Goldman Sachs looks at July preannoucement season
ReutersReal-time equity news [E U] U.S. stock market report 1718 ET 19June2013 Goldman Sachs looks at July preannouncement earnings season -------------------------------------------------------------------------------- With half the year behind them, many U....Tags: Companies and Corporations, International Securities Exchange Incorporated, Emerging Market, Chicago Board Options Exchange Market Volatility Index, Federal Reserve
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US STOCKS-Wall St drops after Bernanke hints at slowing stimulus
Reuters* Shares tumble after Fed chief signals stimulus could be pared back * Fed maintains pace of bond purchases for the present * REITs slump after Bernanke comments * Adobe, FedEx rise after results; Sprint tumbles * Indexes off: Dow 1.3 pct, S&P 500 1.4...Tags: Micron Technology Incorporated, Sprint Nextel Corporation, Financial Markets, S&P 500, Stock Market
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Wall St. drops after Bernanke hints at slowing stimulus
ReutersNEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely...Tags: Sprint Nextel Corporation, Investments, Career and Workplace, Employment, Federal Reserve
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Live blog: Fed Chairman Bernanke's outlook for the economy
Federal Reserve Chairman Ben S. Bernanke outlines what he expects for U.S. growth in the coming year as the central bank releases its policy statement. He'll also face TV cameras and reporters during a quarterly news conference. Reporters, editors and...Tags: National Security Agency, Economic Policy, Dow Jones Industrial Average, Career and Workplace, Labor Markets
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GLOBAL MARKETS-Shares flat, dollar steady before Fed decision
Reuters* U.S. equities, world share markets little changed; Tokyo up * Dollar steadies against major currencies, weaker vs yen * Oil holds around $106 a barrel; gold edges higher By Leah Schnurr NEW YORK, June 19 (Reuters) - Equities were flat while major...Tags: Financial Markets, Petroleum Industry, Central Bank, Metal and Mineral, S&P 500
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US STOCKS SNAPSHOT-Wall Street slips after Fed statement
ReutersNEW YORK, June 19 (Reuters) - U.S. stocks hit session lows on Wednesday shortly after the Federal Reserve said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the stimulus program. The...Tags: Financial Markets, S&P 500, Stock Market, Federal Reserve, Nasdaq Composite
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