Showing posts with label bank of america. Show all posts
Showing posts with label bank of america. Show all posts

Friday, August 27, 2010

Taste of Blue Ash

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This year's concert lineup at Taste of Blue Ash, the annual food festival that returns this weekend, will be capped by the Guess Who. The band's name is more appropriate than ever. Like most "legacy bands," decades removed from their salad days, personnel changes have taken place, for better or worse. Here's a rundown of the Friday-Saturday classic rock acts. Sunday's lineup goes country and includes singer/songwriters Justin Moore and Phil Vassar.

The Guess Who

Peak: Early 1970s

Heyday hits: "These Eyes," "American Woman," "No Time," "Share the Land," "Hand Me Down World." "Clap for the Wolfman"

Still around: Bassist Jim Kale and drummer Garry Peterson

Gone: The band's two best-known members and songwriters: Guitarist Randy Bachman, who co-founded Bachman-Turner Overdrive in the '70s, and lead vocalist Burton Cummings.
Little River Band

Peak: Late 1970s

Heyday hits: "It's a Long Way There," "Reminiscing," "Cool Change"

Still around: American singer-guitarist Wayne Nelson, who joined the band in 1980 and was lead singer on "Night Owls"

Gone: Original members Beeb Birtles, Glenn Sherrock and Graeham Goble. They lost a fight over the Little River Band name and now tour as Birtles Sherrock Goble.
Atlanta Rhythm Section

Peak: Late 1970s

Heyday hits: "So Into You," "Champagne Jam," "Imaginary Lover"

Still around: Keyboardist-songwriter Dean Daughtry, previously of Classics IV ("Stormy")

Gone: Lead singer Ronnie Hammond, drummer-songwriter Robert Nix
Night Ranger

Peak: Mid-1980s

Heyday hits: "Sister Christian," "(You Can Still) Rock in America," "Sentimental Street"

Still around: "Sister Christian" lead vocalist and drummer Kelly Keagy, guitarist Brad Gillis, bassist-vocalist Jack Blades

Gone: Keyboardist Alan Fitzgerald, guitarist Jeff Watson
Player

Peak: Late 1970s

Heyday hits: "Baby Come Back," "This Time I'm In It for Love"

Still around: Guitarist and lead singer Peter Beckett, Ronn Moss

Gone: Keyboardist J.C. Crowley

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BofA

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NEW YORK (Reuters) – A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp (BAC.N) and various executives and directors over the purchase of Merrill Lynch & Co during the 2008 financial crisis and disclosures about Merrill's losses and bonus payouts.

U.S. District Judge P. Kevin Castel issued his 140-page ruling late on Friday afternoon. Nine days earlier, the largest U.S. bank and former Chief Executive Kenneth Lewis denied civil fraud charges made in a separate lawsuit by New York Attorney General Andrew Cuomo over the merger.

Bank of America spokeswoman Shirley Norton said the Charlotte, North Carolina-based lender was reviewing the ruling. Lawyers for bank shareholders in the lawsuits did not immediately return calls seeking comment.

Lewis had been hailed for saving Merrill from possible collapse when he agreed to buy it on September 15, 2008, the same day Lehman Brothers Holdings Inc (LEHMQ.PK) went bankrupt.

But problems at Merrill later forced Bank of America to get a second infusion of federal bailout money.

The bank was also criticized for not disclosing Merrill's soaring losses in a timely manner and for letting Merrill pay $3.6 billion of bonuses at the time. Merrill's losses reached $15.84 billion in the fourth quarter of 2008.

Some of the claims Castel declined to dismiss related to alleged material misstatements over Merrill's bonuses and the scope of Merrill's losses. Another claim related to whether the bank intentionally hid an agreement with regulators to obtain bailout money.

He dismissed claims over whether the bank should have conducted better due diligence, and should have revealed why it considered invoking a contractual clause to back out of the merger.

Bank of America earlier this year settled a U.S. Securities and Exchange Commission civil fraud case over the merger.

In a separate 45-page ruling, the judge dismissed a lawsuit by Bank of America employees over losses in retirement plans, where the bank's stock was an investment option.

Shares of Bank of America traded at $33.74 just before the Merrill merger, but fell as low as $2.53 in February 2009, little more than five months later. They closed Friday up 17 cents at $12.64 on the New York Stock Exchange.

The case is In re: Bank of America Corp Securities, Derivative and Employee Retirement Income Security Act (ERISA) Litigation, U.S. District Court, Southern District of New York, No. 09-2058.

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BankofAmerica

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The people were very annoyed because they were not getting access to their online account on bankofamerica.com. The customers of the bank of America were very angry yesterday because bankofamerica.com was down preventing the customers of the bank from doing online banking. The bankofamerica.com stayed down for many hours and the customers of the bank did not get access to their accounts.

The reasons behind it could not be known but there must have been some sort of errors in the servers of the website. The bankofamerica.com is a very congested site and people from all around the country visit the website and manage their online accounts, but thousands of people were affected and no one could do anything on his/her account.

The ATM system of the bank of working normally and the people went to the local ATM machines to get any amount they needed. The website did manage to get to its ATM machines nationwide and run them successfully. After five pm the website began to open but still a lot of people could not access their accounts and the restoring of the website like this meant nothing for the people who could not access their accounts. After the website was restored it was still running slow than normal and accessing the accounts was not very easy. The bank is updating its customers on its twitter account you may follow them on Twitter to stay updated about the website or you can also call the bank’s helpline services that are open 24 hours a day.

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Bank Of America Online Banking

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Bank of America customers were without their online banking service for at least four hours on Friday.  This came due to a glitch involving the BankofAmerica.com website.  With online banking services down, the BAC stock seemed unaffected though.

According to MyFox8.com, the Bank of America banking service suffered an outage on Friday due to a "temporary system" issue.  There was no specific reason given as for the bank website's down time though.  Customers were unable to access the website for over three-and-a-half hours on Friday August 27, 2010.

Bank of America is based out of Charlotte, North Carolina.  Service was finally brought back after 5:15 PM EST, after the outage had started around 1:25PM EST.  This particular Bank of America online banking glitch only affected the only account access, but did not affect any BOA ATMs or banks.

It's been reported that service is back for the banking website, but due to volume customers may still experience slow load times or trouble logging in.  At the close of the stock market on Friday, Bank of America stock (BAC) had traded up by .17, and was up 0.04 in after hours trading.

Glitches like this can be costly for both customers and banks.  Many people enjoy using online banking services from the comfort of their own home so when a glitch takes the service offline for hours, it hurts.  There's also been plenty of customers not happy with the Bank of America service in general, especially during the financial implosion that occurred within the past several years.  Bank of America is still considered a top bank stock despite today's four hour outage, so it probably won't shut down too many investors.

However, even though BAC stock seems unaffected, the Bank of America banking service is still questionable.  Could this latest glitch make more customers move to other banks with more secure online services and less fees?

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