FOXBusiness.com: Saipem Shares Plunge, Profit Warning Could Spell Trouble for Bank of America

FOXBusiness.com FOX Business Network - The Power to Prosper

Saipem Shares Plunge, Profit Warning Could Spell Trouble for Bank of America Jan 30th 2013, 15:39 Saipem SpA's (SPM.MI) profit warning late Tuesday could have serious consequences for Bank of America Merrill Lynch (BOA), which had placed 10 million shares in the Italian oilfield services provider earlier in the same day, traders said Wednesday.

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