BofA Profit Falls on Merrill Lynch Legal Fees
Oct. 17 (Bloomberg) -- Bloomberg's Julie Hyman reports that Bank of America Corp. said third-quarter profit dropped 95 percent on litigation expenses and an accounting charge tied to the firm’s debt. Net income fell to $340 million, or 0 cents a diluted share, from $6.2 billion, or 56 cents, a year earlier. She speaks on Bloomberg Television's "In The Loop."
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Remy Martin Sees Return of Chinese Consumer
50:28 - Cognac sales collapsed in China following the government's crackdown on extravagance in 2012, but French cognac maker Remy Martin is not giving up on the region. It has new tools, including a boutique in Beijing, that it says are already helping to ramp up sales, especially at the high-end. Remy Martin Chief Executive Officer Eric Vallat spoke with Bloomberg's Ramy Inocencio about his ambitions in China. (Source: Bloomberg)