Bank of New York Mellon Corp. (NYSE: BK) Chairman and Chief Executive Officer Robert Kelly is in talks to be the next CEO of Bank of America Corp. (NYSE: BAC), a job he said last month he did not want, a person familiar with the matter said. No decision has been made on Kelly’s appointment, stated the person, who asked not to be identified because the talks are still taking place. Kelly told BNY Mellon’s operating committee on Nov. 5th, “I want to be clear: I am not interested.” –Bloomberg
Yahoo! Inc. (NASDAQ: YHOO) shares climbed more than 2% after Kaufman Bros. analyst Aaron Kessler lifted his rating on the stock to buy from hold, stating that the company’s business is performing better that expected by industry analysts. -MarketWatch
Crude futures dropped to a two month low today as the dollar, but not oil demand, received a boost from the quickening pace of the U.S. economic recovery. Light, sweet crude for January delivery settled 67 cents, or 1%, lower at $69.87 per barrel on the New York Mercantile Exchange. Futures have now dipped for eight consecutive sessions, shedding 11% of their value. January Brent crude on the ICE futures exchange settled 2 cents higher at $71.88 per barrel. –The Wall Street Journal
To get the attention of Microsoft Corp. (NASDAQ: MSFT), a market needs to be large. And, perhaps one of the largest is healthcare. Even with Microsoft’s technology and customer footprint, the industry has been difficult to crack. Hence, the software giant is striking M&A deals. The latest came this week with the purchase of Sentillion (price tag was not disclosed). Interestingly enough, Sentillion was a spin-off from Hewlett-Packard Company (NYSE: HPQ), which occurred back in 1998. Since then, the company has built a leadership position in the private identity and access management market. That is, Sentillion makes it possible to ensure that the right medical person is using certain patient information. This is certainly critical in light of the strict government regulations. It also helps improve the level of care. -BloggingStocks
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