BofA Profit Tumbles 43% on $4B Litigation Costs

July 16 (Bloomberg) -- Bloomberg’s Erik Schatzker reviews second-quarter results from Bank of America as profit fell 43 percent on $4 billion of spending on litigation costs. He speaks on “In The Loop.”
Apple’s Cash Surges as China iPhone Sales Top U.S.
31:58 - Stephanie Flanders, chief market strategist at JPMorgan Asset Management, talks about second-quarter results from Apple and sales of the iPhone and iPad. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
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