The Traderszone Network

The expenses included a $650 million settlement with American International Group AIG.N and money it set aside for an expected settlement with the Department of Justice. Bank of America has already agreed to pay $50 billion to settle disagreements stemming from the market meltdown in 2008. Bank of America has been negotiating a multibillion dollar settlement with the Department of Justice to resolve investigations into the sale of mortgage-backed bonds.

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The bank met U.S. Justice Department representatives on Tuesday, but no progress was made toward a final deal, the paper reported. Bank of America had previously offered about $12 billion to settle the matter, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources told Reuters earlier this month.

Yellen said there were signs of a production and spending rebound in the second quarter, but “this bears close watching.”

Microsoft’s first wearable device may be closer to a fitness band than a smartwatch, a move that has taken some watchers of the company by surprise. Is this a good move for Microsoft, or will it cause the device to be overshadowed by existing fitness players?

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What happens after the rain makes grain?

Steve Jobs probably wouldn’t have approved of the IBM deal, but get used to it—this is the new age Apple, says Michael Yoshikami.

See why traders and other trading executives are focusing on the number 187. That’s the number many are looking at in Finra’s dark pool trading data which has been recently released and is causing a stir.