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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Merrill Lynch

Merrill Lynch stories: 155 news summaries

81 - 100 of 155 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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(Newser) - In a day of toppling dominoes on Wall Street, Bank of America agreed to buy Merrill Lynch for $44 billion, or $29 a share—about two-thirds of what it was worth a year ago and 50% of its highest value in 2007, the Wall Street Journal reports. The deal, struck... More »

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Wall Street • Bank of America • mergers and acquisitions • Merrill Lynch • Lehman Brothers

markets

Get Set for Disorderly Lehman Liquidation


Sep 14, 08 7:24 PM CDT
(Newser) - Barclay's dropping out of a Lehman deal means that the Feds lost a game of chicken with the big banks holding Lehman mortgages, and now there will be a disorderly liquidation of Lehman assets, instead of the orderly liquidation that would have been possible with a real buyer, James Cramer... More »

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Citigroup • Barclays • Merrill Lynch • bank • Lehman Brothers • AIG • subprime crisis • financial crisis

MARKETS

 Stocks Mixed; Down For Week 

Sliding oil again fails to move markets worried over unemployment

Sep 5, 08 3:26 PM CDT
(Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the... More »

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Goldman Sachs • Dow Jones • Merrill Lynch • unemployment • Nasdaq • SanDisk • S&P 500 • oil prices

Banks Bracing as Their Own Debts Come Due

Billions in shorter-term, floating rate notes likely to prolong credit woes

Aug 27, 08 9:24 AM CDT
(Newser) - Billions of dollars worth of floating rate notes—vehicles used by banks to borrow money—taken out in 2006 are coming due in the next few months, and the industry is bracing for a wave of bank failures and asset sales as institutions struggle to pay off obligations, the Wall ... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • debt • central bank • interest rate • credit crisis • floating rate notes

 3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

Aug 22, 08 2:23 AM CDT
(Newser) - Merrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that they misled investors into thinking... More »

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Citigroup • Goldman Sachs • Wachovia • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • SEC • Andrew Cuomo • John Thain • auction-rate securities • JPMorgan Chase

Lehman Shops Key Unit
in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

Aug 19, 08 8:50 AM CDT
(Newser) - Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth,... More »

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Blackstone Group • Citigroup • Carlyle Group • Merrill Lynch • Lehman Brothers • mutual funds • subprime crisis • investment banks

Cuomo Raises Pressure
on Merrill

He says company
faces lawsuit over auction-rate securities

Aug 15, 08 5:12 PM CDT
(Newser) - With Wachovia locked in to buying back $9 billion in auction-rate securities from clients, New York Attorney General Andrew Cuomo has his sights set next on finance titans Merrill Lynch and Goldman Sachs, Bloomberg reports. Cuomo says Merrill faces an "imminent" lawsuit after offering to buy back $10 billion... More »

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Attorney General • Goldman Sachs • Wachovia • Merrill Lynch • lawsuit • Andrew Cuomo • auction-rate securities

(Newser) - UBS, pressured by state and federal authorities, has agreed to buy back $19.4 billion in risky auction-rate securities that were widely sold as cash-like and safe, the Boston Globe reports. The market for the securities, which are a type of bond sold by non-profits, art institutions and local governments,... More »

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Citigroup • UBS • Merrill Lynch • bonds • auction-rate securities • investment banks

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

Aug 1, 08 10:30 AM CDT
(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times. He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from... More »

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Merrill Lynch • CDO • mortgage debt • mortgage backed securities • John Thain • financial sector • subprime crisis • stock offering • banking industry

Lone Star Buys Big at Mortgage Fire Sale

Texas fund grabs $6.7B in Merrill castoffs, is hungry for more

Jul 30, 08 11:48 AM CDT
(Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal. The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in... More »

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Merrill Lynch • CDO • Lone Star • mortgage debt • private equity firms

MARKETS

 Financials Key Big Turnaround 

Surge by BofA, lower oil prices key rally that erases previous day's tumble

Jul 29, 08 3:09 PM CDT
(Newser) - Investors, cheered by Merrill Lynch’s attempt to regain its financial footing, plowed ahead today despite ugly news on housing prices and consumer confidence, the Wall Street Journal reports. The rally helping the major indices recoup yesterday’s losses—and then some. The Dow was up 266.48 to 11,... More »

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stock market • Bank of America • Merrill Lynch • consumer confidence • financial stocks • oil prices

Merrill Aims to Raise $8.5B, Prune Bad Debt

Brokerage announces surprise stock sale, $5.7B writedown

Jul 28, 08 7:51 PM CDT
(Newser) - Merrill Lynch announced a surprise stock offering today aimed at raising $8.5 billion for the brokerage, strapped by the mortgage and credit crises, the Financial Times reports. It also said it was writing down a further $5.7 billion in bad debt, and is selling collateralized debt obligations nominally... More »

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Merrill Lynch • writedowns • collateralized debt obligations • stock offering

MARKETS

 Mixed Note Caps Big Week 

Dow sees modest gains, Nasdaq loses; all indices post weekly gains

Jul 18, 08 3:23 PM CDT
(Newser) - The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point... More »

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Google • Microsoft • Citigroup • Dow Jones • Merrill Lynch • Nasdaq • tech stocks • AMD • S&P 500

Earnings

Citi Losses Shrink in 2nd Quarter, Beat Expectations

Rounds out week of better-than-expected results

Jul 18, 08 8:32 AM CDT
(Newser) - Citibank delighted shareholders today by losing a mere $2.5 billion in the second quarter, the Wall Street Journal reports. Analysts had expected much worse from the US’ biggest bank by assets, but Citi beat expectations by reducing writedowns and slashing jobs. The results should prove a counterweight to... More »

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earnings reports • Merrill Lynch • Wells Fargo • second quarter earnings • Citibank • JPMorgan Chase

Merrill Posts $4.65B Loss
in Dismal 2nd Quarter

Third biggest American firm posts dismal second quarter

Jul 18, 08 5:29 AM CDT
(Newser) - Merrill Lynch posted a second-quarter loss of $4.65 billion late yesterday, more than twice the second-quarter loss analysts had expected and one of the worst in the brokerage's history. The firm took a hit of $9.7 billion in credit-market writedowns, reports Bloomberg, on top of some $30 billion... More »

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Merrill Lynch • credit • credit crisis • writedowns

 Merrill Quits Talks
 to Move to
 Ground Zero 

Financially struggling brokerage backs out of delayed, over-budget project

Jul 17, 08 6:33 AM CDT
(Newser) - Years behind schedule and billions of dollars over budget, the project to rebuild Ground Zero took another blow as struggling brokerage Merrill Lynch—projected as an anchor tenant for one of four planned office buildings—ended talks with the Port Authority and developer Larry Silverstein, reports the New York Times. More »

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Ground Zero • Freedom Tower • Larry Silverstein • Merrill Lynch • Port Authority of New York and New Jersey

 WTC Project
 Years Behind,
 Billions Over 

Memorial unlikely to be ready for 10th anniversary of 9/11

Jun 30, 08 5:59 AM CDT
(Newser) - The problem-plagued World Trade Center rebuilding project will be completed years behind schedule and up to $3 billion over budget, reports the Wall Street Journal. Construction of the various elements of the $15 billion complex—which includes a sprawling 9/11 memorial, office towers, a performing arts center, and a transportation... More »

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New York City • World Trade Center • Freedom Tower • Merrill Lynch • Michael Bloomberg • World Trade Center memorial • Port Authority of New York and New Jersey • Lower Manhattan Development Corp • David Paterson • Christopher J. Ward • 9/11 attacks • Westfield Group • transportation hub

MARKETS

 Financials Key Downward Spiral 

Executive shuffles at WaMu, Wachovia give market jitters

Jun 2, 08 3:38 PM CDT
(Newser) - Financials keyed major market losses as high-level personnel shuffles at Wachovia and Washington Mutual, plus a report by Standard and Poor that downgraded the ratings of several prominent banks, disconcerted investors, MarketWatch notes. The Dow lost 134.50 to settle at 12,503.82, and the Nasdaq lost 31.13,... More »

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Dow Jones • Wachovia • Merrill Lynch • Nasdaq • credit crisis • Washington Mutual • Standard and Poor • WaMu • S&P 500

 Are Wall Street Banks 
 Ready to Risk Again? 

Return to corporate bonds among likely signs crisis is easing

Apr 28, 08 9:48 AM CDT
(Newser) - Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert. More »

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Citigroup • housing market • Bear Stearns • Merrill Lynch • gold prices • economy • JPMorgan Chase

MARKETS

 Merrill's Strength Leads Rally 

Good news from broker overshadows poor housing news

Apr 24, 08 3:38 PM CDT
(Newser) - Stocks rallied to solid gains today as good news from Merrill Lynch and better-than-expected jobless claims data overshadowed poor housing and durable-goods news, MarketWatch reports. The Dow gained 85.73 to close at 12,848.95, while the Nasdaq rose 23.71 to 2,428.92. The S&P 500... More »

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Dow Jones • durable goods • Merrill Lynch • Nasdaq • jobless claims • S&P 500 • Traveler Cos. • financial stocks

81 - 100 of 155 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>


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