Bank of New York Mellon

5 Companies That Really Do Care About the World

Consumers are becoming more and more socially conscious and want the goods and services they use to measure up. Here are five companies that make an effort to make the world a better place while making a tidy profit for themselves:

Global Woes Hold Only 'Modest Contagion' Risk for U.S. Banks

A "modest contagion" for financial stocks "should allow domestically focused financial stocks to stabilize in the coming weeks," despite the JPMorgan Chase trading mess and the "deteriorating conditions in Europe, according to KBW analyst Fred Cannon.

What to Watch This Week: Tech Wins; Banks Wince

There's never a dull moment on Wall Street, especially now that we're hitting 2012's first earnings season. What will help shape the week that lies ahead? Earnings and answers from banks, Google, eBay and IBM, and a big education related announcement from Apple.

CEO Shuffle: Three Major Corporate Chiefs Step Down

Announcements made late Wednesday and early Thursday revealed that three large companies -- Wendy's, Costco, and Bank of New York Mellon -- are losing their CEOs. And while the first two cases sound like they'll result in smooth transitions, the third comes as something of a shock.

What Was Wall St. Thinking? (Last Week Ed.)

Last week's puzzling developments on the Street included: Bank of New York alienating its richest depositors; Microsoft and Google fighting like middle-schoolers; DirecTV's CFO making an embarrassing disclosure; and Netflix slowing down as it approached the millionth Canadian milestone.

Cheap Stocks for Your Portfolio in a Pricey Market

The stock market has been on a tear over the past two years. With the major indexes hitting multiyear highs recently, the value pickings are slim. But Motley Fool analyst Dan Caplinger highlights five stocks that still have attractive prices in this rising market.

Investor Lawsuits Are Raising the Heat on Bank of America for 'Putbacks'

When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn't just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide's buyer, Bank of America, to force it to repurchase those bad mortgages. That's their right, but there's nothing simple about this case, or its ramifications.

Pay Czar Feinberg to Ask for Stronger Clawback Provisions

Wall Street "pay czar" Kenneth Feinberg will ask several financial firms to strengthen so-called clawback provisions, but will not force them to recover bonuses paid at the height of the financial crisis, CNBC reported. Clawback provisions allow companies to reclaim compensation given to employees if, for instance, the employee is found to have caused significant losses for the firm.

Banks May Have 12 Years to Implement Volcker Rule

Banks such as Goldman Sachs Group Inc. and Citigroup Inc. may have as long as 12 years to cut their stakes in private-equity units and hedge funds under the new financial reform bill, Bloomberg News reported. The time-frame in the bill, combined with provisions that would allow banks to apply for extensions, make it unclear exactly how quickly banks would have to reduce their investments. Estimates cited by Bloomberg News range from seven years to 12 years.

The Case for Buying Bank Shares Now

Some pros are aiming straight at the eye of the financial hurricane, buying into the besieged banks. Here's why: The uncertainty threatening them has dissipated, and banks will now start looking for new ways to profit from the new rules.

Legal Briefing: BoNY Unit Charged With Knowing Silence on Madoff

New York's Attorney General has sued Bank of New York Mellon's Ivy Asset Management unit for keeping its clients' money with Ponzi-scheme operator Bernie Madoff -- even though it knew it was a scam. The investment adviser was earning big fees from Madoff.

The Lehman Report Doesn't Fault the Other Big Banks

Bankruptcy examiner Anton Valukas focused a lot attention on the business Lehman Brothers did with all the big banks. However, after an exhaustive review, he takes no real issue with anything they -- or even Lehman -- did regarding certain transactions.

Five Stocks That Might Beat the Market This Year

It sure is tough, but some stock-pickers have managed to consistently outperform the S&P 500. One such pro is Mark Boyer, who every year culls 40 stocks with the potential to beat the benchmark index. Here are his top five picks for 2010.