Finance Industry Today: Merrill Lynch & Co. News

Fed Asks for Blank Check for Fannie and Freddie in Flawed Rescue Plan

20 Jul 2008 09:16 GMT

... that are already known to be fraudulent. This is a big mistake. According to Merrill Lynch, the US is already facing a long-term "financing crisis" as the weakening US economy ...

$5bn blow for Merrill lynch

20 Jul 2008 08:59 GMT

... Merrill Lynch & Company posted a much larger-than-expected $4.89 billion quarterly loss after writing down soured ...

Boom and bust: It's the American way

20 Jul 2008 07:36 GMT

... multinational concerns. Britain's Northern Rock, Wall Street's Bear Stearns and now IndyMac have collapsed. Merrill Lynch and J.P. Morgan are wounded. And still the circle of mistrust widens, from mortgage ...

Merrill Lynch warns on credit risk at Israeli firms

20 Jul 2008 07:31 GMT

... Merrill Lynch warns on credit risk at Israeli firms Least sensitive companies to credit risk: Teva, ...

Is the bad news over for UnitedHealth Group Inc.?

20 Jul 2008 06:59 GMT

... July 7 report, which maintained a "hold" recommendation. A day later, Doug Simpson of Merrill Lynch downgraded a slate of health insurance stocks including UnitedHealth, which he tagged a "sell." ...

Amid tech declines, Dow posts gains for Friday, week

20 Jul 2008 06:56 GMT

... financials shares struggled to regain their footing after Citigroup Inc. reported smaller-than-expected losses but Merrill Lynch & Co. disappointed. The technology sector weighed heavily on U.S. equities after some of ...

Too sick to work? You may have no choice

20 Jul 2008 06:56 GMT

... said. Many employers have already begun to tinker with sick days. The brokerage giant Merrill Lynch raised eyebrows last year when it sliced guaranteed sick days for employees from 40 ...

Kuwait's wealth fund looking to boost Asia exposure

20 Jul 2008 06:25 GMT

... the financial industry and might consider raising its stakes in US banks Citigroup and Merrill Lynch if a good opportunity came up, KIA managing director Bader al-Saad told Reuters last ...

Asia bourses decline on global growth concerns; oil worries

20 Jul 2008 06:25 GMT

... this week. Rio Tinto Group, the third largest, retreated 8.3% to A$115.50. Strategists at Merrill Lynch & Co and Morgan Stanley said investors should sell commodities stocks because a slowing ...

Citigroup posts $2.5B loss, but beats expectations

20 Jul 2008 06:17 GMT

... Fargo managed to notch a profit gain compared to last year. Meanwhile, the brokerage Merrill Lynch & Co. reported a wider-than-expected quarterly loss. And next week, Wachovia Corp. and Washington ...

Bank stocks look cheap, but buyers remain...

20 Jul 2008 06:17 GMT

... By JOE BEL BRUNO, AP Business Writer NEW YORK - July 19, 2008 -- Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy ...

Bank stock failing to lure

20 Jul 2008 05:30 GMT

... sovereign wealth funds. "That's dilutive to the shares, makes them worth less," Hogan said. "Merrill Lynch continues to take charges, and they'll need to raise capital. You don't want to ...

Why no outrage?

20 Jul 2008 05:16 GMT

... end of 2007, Goldman Sachs had $26 of assets for every dollar of equity. Merrill Lynch had $32, Bear Stearns $34, Morgan Stanley $33 and Lehman Brothers $31. On average, ...

SEC Retrenches On New Short-Selling Rules

20 Jul 2008 04:31 GMT

... reports from Wells Fargo (nyse: ) helped make up for a poor showing by Merrill Lynch (nyse: ) and set the stage for a flurry of reports from regional banks ...

Gains end a week of market lurches

20 Jul 2008 04:31 GMT

... and helped to mitigate some of the market's concerns following a big loss