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Special Device Help Prevent Suddent Infant Death

Special Device Help Prevent Suddent Infant Death

Researchers from Germany's Fraunhofer Institute for Reliability and Microintegration IZM in Berlin has developed a new breathing sensor system that help prevent Sudden Infant Death Syndrome (SIDS). This syst...

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University Installs Grass Lawn in School Library

University Installs Grass Lawn in School Library

Cornell University has built a grass lawn inside their school library as a part of a project of their institution's Department of Design and Environmental Analysis. The department is currently conducting a r...

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

Meet, the Scrubba, a portable washing machine, in form of a bag. This wash bag, allows people to do their laundry, on-the-go. The Scrubba is a lightweight, foldable bag that features small nodules to help sc...

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

Thanks to Japan's new invention, the Deoest underwear, extreme farters can now release their foul smelling gas and prevent people near them from fainting. It is a fart-deodorizing underwear, created by Profe...

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Bank of America Takes a Double Dip

Written on August 23, 2011 by Japhet Writ

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Bank of America's stock went down to $6.42 despite saying that they have enough capital.

It is no brainer that the Bank of America took a double dip for its shares, following financial crisis which went down for almost $3. The BAC traded more than $15 in the past two years, while a foreclosure-related costs and concerns about capital requirements removed those gains in the past year.

Last Monday, headlines on both front pushed the stocks down to $6.42. And albeit the Bank of America says it has enough capital, analysts pointed out that it may need to raise a whooping $40-50 billion dollars.

Check out Business Insider’s Chart of the Day after the break to see Bank of America’s stock performance.

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