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Bank Of America: How To Play Airlines Following 'Unexpected' DOJ Probe
2015-07-03 09:37:39| Airlines - Topix.net
In a report released on Thursday from Bank of America, analyst Andrew Didora assesses how the Department of Justice's recent antitrust investigation against U.S. airline carriers could impact the airline sector. The purpose of the DoJ's probe is to determine whether airline carriers engaged in indirect price fixing through illegal communication of flight capacity.
Bank Of America: Demand Soft For Big Rail Carriers
2015-06-24 15:48:40| Railroads - Topix.net
Ken Hoexter of Bank of America trimmed his targets on three of the companies, while lowering his 2015 earnings estimates by an average of 4 percent. "We remain cautious on the group," Hoexter said, although he believes that sequential growth will resume following the third quarter.
Bank of America Backs Away From Funding Coal Mining
2015-05-08 15:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Huffington Post: WASHINGTON -- Bank of America is cutting off its financing for coal extraction projects, the company announced at its shareholder meeting Wednesday. "With regard to coal, over the past several years, we have been gradually and consistently reducing our credit exposure to companies focused on coal mining," said Andrew Plepler, Bank of America's Corporate Social Responsibility executive, at the meeting. The new policy, he said, "reflects our decision to continue to reduce our credit exposure, over...
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Bank of America to reduce exposure to coal to help climate change efforts
2015-05-07 13:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The Bank of America has confirmed that it will reduce its exposure to coal mining companies, noting that such investments are becoming increasingly risky and that the institution has a responsibility to help mitigate climate change. The statement was released at the banks annual shareholder meeting, with the new policy focussing on three elements reducing exposure to coal extraction firms, supporting carbon capture and storage technology, and adopting leading practices for managing environmental...
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america
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Bank Of America Downgrades Small-Cap Kirby Corp
2015-05-01 20:55:29| Appliances - Topix.net
In a report published Friday, BofA Merrill Lynch analysts downgraded the rating on Kirby Corporation from Buy to Underperform, while reducing the price objective from $86 to $72. The analysts cited pricing pressure as the reason for the company's softer outlook.
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