Tuesday October 13, 12:40 PM
STOCKS NEWS US-BofA to turn over documents on Merrill buy: WSJ
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
0722 ET 13Oct2009-BofA to turn over documents on Merrill buy: WSJ
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Bank of America Corp (NYSE: IKJ - news) has agreed to hand over to
investigators documents describing the legal advice it received
related to its purchase of Merrill Lynch (NYSE: MER - news) , according to a report
in the Wall Street Journal.
The move comes after months of resistance to turning over
the documents, the report said, noting that bank officials have
cited attorney-client privilege when refusing to discuss the
legal advice it received.
For details, see
Shares of BofA, a Dow component, rose 0.4 percent to $18.10
in premarket trading.
0720 ET 13Oct2009-Crude oil rises on rising economic optimism
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November (Frankfurt: A0Z24E - news) crude futures rose on Tuesday, lifted on rising
optimism about the pace of a global economic recovery, as well
as weakness in the U.S. dollar.
For details, see
The contract gained 1.4 percent to $74.32 per barrel.
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