Wall Street

Bank of America Shares Fall Below $5 to New 2011 Low

Bank of America, the second largest U.S. bank by assets, fell more than 5% on Monday to below $5 per share for the first time in 2011, and the lowest level since March of 2009. The $5 threshold is more than just a psychological …

How Flooding in Thailand Hurts Intel’s Sales

Intel, the world’s largest microchip maker, lowered its sales forecast by $1 billion due to a shortage of hard disk drives caused by the recent severe flooding in Thailand, the company said Monday. Thailand is one of the world’s …

Is Facebook Really Worth $100 Billion?

That’s the question many people are asking amid rising chatter that the booming social network plans to go public in 2012 and raise up to $10 billion in a deal that could value the company at more than $100 billion.

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