March 27, 2011

Bank Of America Will Help Demolish Detroit's Abandoned Homes

  The Huffington Post Maxwell Strachan Bank of America, the country’s largest bank by assets, has announced an initiative to demolish one hundred abandoned Detroit homes currently under the bank’s ownership, a task that CEO Brian T. Moynihan says will “help ‘right-size’ the city,” according to the Detroit Free Press. The bank, which estimates the …

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WALL STREET PROFITS ZOOM AS NON-FINANCIAL SECTOR CONTINUES TO FALL

Bank Profits, BMO Capital Markets, Bureau Of Economic Analysis, Capital Economics, Corporate Profits, Cost Cutting, Employment, Financial Firms, Gdp, Hiring, IHS Global Insight, Increased Labour Costs, Labor Department, Layoffs, Loma Nazarene University, Lynn Reaser, Nariman Behravesh, Paul Ashworth, Sal Guatieri, Unemployment, Unemployment Benefits, Business News NEW YORK — Despite high unemployment and a largely languishing …

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