MER
MER Articles
Getting a much-needed investment when a company is in deep trouble is nice. But, when it damages the firm’s public reputation it takes away some of the joy of surviving. According to the FT, "over...
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According to Reuters, S&P futures are down 5.3%. Reuters writes that Yahoo! (YHOO) plans to cut several hundred jobs. Reuters reports that GM (GM) has unveiled a China-made hybrid. Reuters writes...
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Merrill Lynch (NYSE:MER) sold the city of Springfield Mass a financial instrument which lost 90% of its value. According to The Wall Street Journal "Merrill violated state law by not properly...
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Merrill Lynch (NYSE: MER) has issued its loss for the quarter at -$12.57 EPS for Q4, -$10.73 EPS for all of 2007. The total loss in dollars was listed as $8.6 Billion for the quarter. The net...
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Merrill Lynch (MER) announed that it had improved its capital position by reaching agreements to issue $6.6 billion of mandatory convertible preferred stock in private placements to long-term...
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After Citigroup (C) and Merrill Lynch (MER) have announced their earnings, Wall St. will probably see what it expected. The estimates for write-offs, lay-offs, and new capital infusions are already...
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According to Reuters, the National Retail Federation and its members are preparing for a slow year. Reuters writes that the FCC has cleared Google (GOOG) to bid in the upcoming auction of wireless...
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CNBC reported that Citigroup (C) could have a $24 billion write-off. The source for that report is not clear. Last week, Goldman Sachs said Citi might have to take a charge of $15 billion. That...
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According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait...
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Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them money. In some...
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Citigroup (C) is in the market for another $10 billion. Merrill Lynch (MER) is looking for $3 billion to $4 billion. The subprime mess has gotten the better of them and they are likely to take more...
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According to Reuters, Capital One has warned that it will have lower than expected earnings. Reuters reports that Goldman Sachs (GS) sees a recession this year. Reuters reports that Tata (TTM) has...
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Countrywide Financial (CFC) Chapter 11 rumors, Denial does not help. Drops to $5.05 from 52-week high of $45.26. MBIA (MBI) Still plenty of panic left in the bond insurance world. Sells off to $13.98...
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Press reports are saying that Merrill Lynch (MER) may have to raise more capital to offset huge Q4 losses. Merrill Lynch & Co. is in talks with Chinese and Middle Eastern sovereign-wealth funds...
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According to Reuters, Merrill Lynch (MER) plans to lay-off 1,600 people. Reuters writes that US durable goods numbers were worse than expected for November. Reuters writes that Wal-Mart (WMT) will...
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