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Friday, January 11, 2013

Takeover Digest - Wall Street Journal - Jan 11, (NYSE: BAC), (NYSE: MBI)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * U.S. Vice President Joe Biden said he would recommend the White House push for broad measures to stem gun violence, citing growing support for tighter background checks on gun purchasers, restrictions on high-capacity clips and other moves. ()* Bank of America Corp has been fighting in a New York court this week to avoid as much as $3 billion in liability for defaulted Countrywide mortgage securities, but the bank's courtroom adversary, bond insurer MBIA Inc, is wielding the bank executives' own words in its attack. ()

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 3.06% or $0.35/share to $11.78. In the past year, the shares have traded as low as $6.41 and as high as $12.20. On average, 164192000 shares of BAC exchange hands on a given day and today's volume is recorded at 199964896.

MBIA Inc. (MBIA) together with its consolidated subsidiaries, operates the financial guarantee insurance businesses in the industry and is a provider of asset management advisory services. Shares of MBI traded higher by 4.76% or $0.39/share to $8.58. In the past year, the shares have traded as low as $6.78 and as high as $13.19. On average, 3044420 shares of MBI exchange hands on a given day and today's volume is recorded at 3972636.



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