Business

Bank Of America Corp. (BAC) Is Climbing After Q3 Earnings Beat

The bank's non-interest expenses fell by a third to $13.81bn, mainly due to an 83% drop in costs in its legacy assets and servicing unit, which houses many bad loans inherited from Countrywide Financial. The company is trading above its 50-day and 200-day moving averages by 4.07% and 6.18%, respectively. In the year prior to that, the firm paid out $2.8 per share in distributions, or a difference of 0%.

Business

Cent Defines The Word "Unbothered" Over Bankruptcy Jabs

If there's anything we learned this morning - besides that 50 has enough $100 bills to cover his legs and spell words - it that he's still the ultimate troll. "It's strategic", the rapper later told Larry King of why he filed for bankruptcy. The rapper was recently estimated to be worth $150million, but is now reported to be $28million in debt.

Business

No Social Security Increase Expected in 2016

Rep. Michael Honda (D-CA) has re-introduced H.R. 3351, the CPI-E Act of 2015, which would adopt a measure of inflation more tailored to the costs of older Americans but, with the massive national debt that is increasing by hundreds of billions each year, there will not be a rush in Congress to increase federal spending.

Business

336 Employees To Be Let Go — Twitter Layoffs

Dorsey said that Twitter will give its ousted employees "generous exit packages and help finding a new job". Dorsey said that a smaller team would allow the business to move "much faster" and allow for streamlining of the organisation.

Business

Major changes coming to federal website HealthCare.gov

According to the Chicago Tribune , the Blue PPO plans are being eliminated because they cost BCBSIL too much money (translation - they don't make enough profit). But if your income has changed, your subsidy may be wrong. The federal website is HealthCare.gov , and if you used the website past year , you should be able to log in to your account to shop for new coverage starting November .

Business

In US: Couple arrested for beating son to death in church

A second assault victim - a 17-year-old boy - also was found, police said. According to a report via AP, family members brought Lucas Leonard to a hospital, where he was pronounced dead, Monday, 12.30pm. Neighbors reported seeing heavily armed SWAT officers, and at least one person may have been taken into custody. Morey, a member of the Word of Life Church has been charged with assault for beating a 19-year-old Lucas Leonard inside the church.