On Tuesday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), subtract -2.93% and closed at $105.23 in the last trading session. The last trading range of the stock ranges between $104.75 and $107.97. The company’s Market capitalization is $266.25 Billion with the total Outstanding Shares of 2.47 billion. During the 52-week trading session the minimum price at which share price traded, registered at $59.25 and reached to max level of $109.87. Alibaba says it has stepped up its war on counterfeiters, tightening its policies against copyright infringement. Bloomberg’s Shery Ahn reports on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)…
BB&T Corporation (NYSE:BBT), dropped -1.12% and closed at $38.75 in the last trading session. The last trading range of the stock ranges between $38.66 and $39.42. During the 52-week trading session the minimum price at which share price traded, registered at $29.95 and reached to max level of $39.47. BB&T Corporation (BBT) recently declared it has reached a contract with the United States Department of Justice (DOJ) that settles certain legacy mortgage matters involving the origination of mortgage loans insured by the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA).
BB&T fully cooperated with all agencies involved in this matter. The inquiry was settled for $83 million without any admission of liability to avoid the cost and uncertainty of potential litigation. The investigation, potential claims and estimated potential net exposure to losses were formerly revealed. The settlement will have no negative effect on BB&T’s financial condition or results of operations as a result of previous accruals totaling $85 million. In a related matter, BB&T is pursuing a potential recovery of about $70 million.
BB&T remains committed to providing a high-quality mortgage experience together with exceptional service to assist our clients achieve economic success and financial security.