MER
MER Articles
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%,...
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Over the weekend UBS (NYSE: UBS) said that it would be cutting the value of auction-rate securities in it client’s accounts. According to CNN Money "UBS using an internal model to value the...
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There has been some misplaced optimism that financial stocks bottomed earlier this month based on the notion that much of the bad news about write-offs had come out. Mid-month, the Fed increased the...
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A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According to...
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According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC). Reuters reports that the Meriwether...
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There is growing concern about where the Fed will get the hundreds of billions of dollars it will need to bail-out failing banks and brokerages. Most economists point to the tax-payer as the ultimate...
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According to Reuters, the war between Northrop Grumman (NOC) and Boeing (BA) is now going on in Congress and the public. Reuters says Dell (DELL) will buy $23 billion of components in China in 2008....
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This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day. Merrill Lynch & Co. (NYSE: MER) is feeling the wrath of...
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Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out Bear Stearns...
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According to Reuters, the head of the World Bank sees the US moving into recession and a slowdown in Europe but believes that developing countries are not being hurt by the current economic...
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Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley (NYSE: MS) and Merrill Lynch (NYSE:...
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In the first of what is likely to be an avalanche of suits over the collapse of the auction-rate market, UBS (NYSE: UBS) has been sued for misleading investors. According to The Wall Street Journal...
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The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the banking system, but the difference here is that this goes above and beyond the...
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By now you have heard news of New York Governor Eliot Spitzer’s involvement in a prostitution ring. So much for crime and ethics fighters being immune from temptation. But what we wanted to see...
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The first quarter should be another brutal right of passage for big investment banks. Citigroup is forecasting that they will have to write-down another $9 billion in Q1. According to Reuters the...
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