
NEWYORK(Reuters)-StocksonmajorboursespostedtheirbestweeklygainssinceNovemberonFriday,helpedbycorporateearningsreportsandremarksbyFederalReserveofficialscalminginvestorfearsaboutU.S.monetarypolicy.OnWallStreet,theDowandS&P500hitall-timeclosinghighsforasecondday,andtheS&P500roseforaseventhstraightday,matchingawinningstreakfromMarch.Theindexclimbed3percentfortheweek,i...

(Reuters)-BankofAmericaCorppostedabigger-than-expected70percentjumpinquarterlyprofitonWednesday,helpedbyaggressivecost-cutting,asChiefExecutiveBrianMoynihan'sturnaroundeffortsshowedearlysignsofpayingoff.Revenuerosejust3.5percent,laggingincreasesof11percentatCitigroupIncand14percentatJPMorganChase&Co.ButBankofAmericacutoperatingexpenses6percent,whileexpensesgrewatJPMorgan...