U.S. stock futures were pointing to a weaker start for Wednesday, but were well off their lows of the morning, as investors remain concerned about the pace of a global recovery.
Major indexes have fallen in recent months following a steady stream of economic reports that have fallen short of forecasts.
Bank of America Merrill Lynch on July 6 announced the appointment of David Oman as Chief Risk Officer (CRO) for Europe, the Middle East and Africa (EMEA) effective early October. Most recently Mr Oman held the positions of global head of Counterparty Credit Risk and European CRO at UBS. Bank of America Corp. (NYSE:BAC, $14.06, +$0.22, 1.59%) rose 0.28 percent to $14.10 on Wednesday morning pre-market trading session, even on Tuesday, shares of Bank of America gained 1.59 percent, closed on $14.06 and BofA dropped 8.40 percent in the past one month trading.
Citigroup Inc is weighing moving about two dozen proprietary traders to desks that trade with clients as some banks try to find new positions for star traders amid financial regulation overhaul, the Wall Street Journal reported on Monday. Citigroup Inc. (NYSE:C, $3.79 0.00 (0.00%) jumped 0.53 percent to $3.81 on Wednesday morning pre-market trading session, even on Tuesday, Citigroup shares closed on $3.79 without any changes.
American International Group Inc. (AIG) is again considering the sale of its two Japanese life insurance units for about $5 billion, according to reports Thursday. The Wall Street Journal reports, would represent a reversal of AIG’s decision last fall to retain AIG Star Life Insurance and AIG Edison Life Insurance. American International Group, Inc. (NYSE:AIG, $33.71, +$0.61, 1.84%) rose 0.15 percent to $33.76 on Wednesday morning pre-market trading session, even on Tuesday, shares of AIG climbed 1.84 percent, closed on $33.71.
Royal Bank of Scotland is preparing to sell £3bn ($4.54 billion) of property loans, the Financial Times reported today. Royal Bank of Scotland Group plc (NYSE:RBS, $12.22, +$0.08, 0.66%) jumped 1.15 percent to $12.36 on Wednesday morning pre-market trading session, even on Tuesday, RBS shares were up 0.66 percent, closed on $12.22.
U.S. software giant Microsoft Corp is planning to cut a small number of jobs as early as this week, the Wall Street Journal said, citing a person familiar with the matter. Microsoft Corporation (NASDAQ:MSFT, $23.82, +$0.55, 2.36%) rose 0.34 percent to $23.90 on Wednesday morning pre-market trading session, even on Tuesday, shares of Microsoft climbed 2.36 percent, closed on $23.82.
EMC Corporation (EMC), the world’s leading provider of information infrastructure solutions, today announced it has signed a definitive agreement to acquire California-based Greenplum, Inc. Greenplum is a privately-held, fast-growing provider of disruptive data warehousing technology, a key enabler of “big data” clouds and self-service analytics. EMC Corporation (NYSE:EMC, $18.16, +$0.12, 0.67%) jumped 0.50 percent to $18.25 on Wednesday morning pre-market trading session, even on Tuesday, EMC Corp. shares were up 0.67 percent, closed on $18.16.