Movers: Bank of America, Yahoo, Genentech, Hasbro

Stocks in the news on Monday Bank of America posts better-than-expected $0.72, vs. $1.28 a year ago, second quarter EPS as merger and restructuring costs offset 3.5% revenue rise, 26% rise in net interest income. Says provision for credit losses increased by $3.45 billion to $6.55 billion compared with a year earlier. Notes results excl. Countrywide Financial Corp., which was acquired on July 1. Yahoo announces that it has reached an agreement with Carl Icahn to settle their pending proxy contest. As such, YHOO's 8 members of the current Board of Directors will stand for re-election at the 2008 annual meeting; Robert Kotick has decided not to stand for re-election. Following annual meeting, YHOO board will be expanded to 11 members. Carl Icahn will be appointed to its Board. Roche Holding bids to acquire outstanding publicly... [read full story]