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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Samsung Says Faulty Batteries Triggered Note 7 Fires
22:53 - Samsung's difficulties with Note 7 smartphones last year were caused by irregularly sized batteries that led to overheating and fires, the South Korean company announced after a lengthy investigation, seeking to move on beyond the fiasco. Bloomberg's Rosalind Chin has more on "Bloomberg Markets." (Source: Bloomberg)