NO EASY MONEY: A Bank of America ATM. The legal legacy of the housing bust weighed on the US banking giant's earnings, which lost $276m for the first quarter, with the biggest drag coming from $6bn to settle a pile of lawsuits. (Frederic J Brown, AFP)
In other news
Britain's Co-operative Group has made a loss in 2013, a year it describes as disastrous and the worst in its 150-year history.
IBM has reported a slump in first quarter earnings as the computer giant sees weaker hardware sales and focused more on services and the Internet "cloud".
If Yahoo appears back in favour, it can thank Alibaba, the Chinese web giant in which it holds a big stake and that is set for a public stock offering.
Sina Weibo has sold fewer shares than expected in its US initial public offering, which has been priced below expectations, according to a report.
FlySafair has reportedly been granted a licence to operate domestic flights, after it restructured its shareholding to meet domestic ownership requirements.
The rand has firmed within a recent range, trading sideways for a second session as investors avoid taking big positions ahead of the long weekend.
US stocks have rallied for a third straight day, lifted by positive economic and corporate earnings news with Yahoo surging 6% as it beat Wall St forecasts.
Asian markets have been mixed as a positive report on the US economy and the Fed's pledge to keep interest rates at record lows were offset by profit-taking.