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BofA commodity arm fined by DOJ for trading practices

Bank of America (NYSE:BAC) Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday. Between 2008 and 2014, traders employed by Merrill Lynch Commodities deceived other traders by injecting misleading information into the precious metals futures market, the DOJ said in a...

STOCK INDEX NEWS

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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.67%

U.S. stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Services and Oil & Gas sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.67%, while the S&P 500 index lost 0.95%, and the NASDAQ Composite index declined 1.51%. The best performers of the session on the Dow Jones Industrial Average were Walgreens Boots...