Bank of America to Spend $9.33 Billion to Resolve FHFA Dispute; Twitter Adds New Photo Posting Capabilities


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Companies Mentioned

NYSE:BAC / NYSE:TWTR / NASDAQ:FFHL / OTC:BB:BLBK
03/27/2014 [ACCESSWIRE]

Bank of America Corporation (NYSE: BAC) – For an in-depth report on Bank of America Corporation follow: www.BullTrends.com/stockquote/BAC

BAC shares closed down a modest 0.17% on about 97.5 million shares traded on Wednesday. The company announced that it will spend $9.33 billion to resolve a dispute over mortgage securities with the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac. Bank of America said that it will make cash payments of roughly $6.3 billion and also purchase securities from Fannie and Freddie worth more than $3 billion.

Twitter, Inc. (NYSE: TWTR) - For an in-depth report on Twitter, Inc. follow: www.BullTrends.com/stockquote/TWTR

Shares of Twitter closed down 7.21% on Wednesday with 16.1 million shares traded roughly. The drop came despite the fact that the company announced that it has added the ability for users to post multiple pictures at once as well as tag friends in their photos. Users can tag up to 10 people in their photos. More importantly, Twitter said that tagging others won't affect a tweets' character count, so users will still be able to tweet normally.

Fuwei Films (Holdings) Co., Ltd. (NASDAQ: FFHL) - For an in-depth report on Fuwei Films (Holdings) Co., Ltd. follow: www.BullTrends.com/stockquote/FFHL

Shares of FFHL closed up 26.17% on Wednesday with a little over 3 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The stock had also soared more than 60% on Tuesday after the company announced that a bidder had successfully reached an agreement to acquire 52.9% of the company's outstanding shares at approximately $2.40 a share.

BOLDFACE Group, Inc. (OTCBB: BLBK) - For an in-depth report on BOLDFACE Group, Inc. follow: www.BullTrends.com/stockquote/BLBK

Shares of BLBK closed down 40% on Wednesday making it one of the biggest decliners in the OTCBB market. The stock traded nearly 6 million shares despite any news released. Earlier in the week however the celebrity beauty licensing company focused on top tier entertainment and designer brands for opportunities in the beauty, home and fragrance market, announced the appointment of Mr. John LaBonty as President and Chief Executive Officer.

 

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