MER
MER Articles
Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and Morgan Stanley (MS) is down...
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The FT is reporting that Merrill Lynch (MER) and Citigroup (C) are looking at partial IPOs of the retail brokerage units. According to the newspaper "brokerage businesses trade on much higher...
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It would be nice to think that John Thain, wonder boy from Goldman Sachs (GS) and NYSE (NYX) can do a lot over the next couple of months to "fix" Merrill Lynch (MER). But, the board and senior...
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According to Reuters, Barclays (BCS) took a $2.7 billion write-down due to exposure to subprime markets. Reuters writes that IBM (IBM) will push into the business of running huge data centers for...
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The New York Post has reported that NYSE (NYSE:NYX) CEO John Thain will be made the new head of Merrill Lynch (NYSE:MER). The announcement is expeted after the close. This also follows reports...
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Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been rumors that Goldman might be...
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CNBC is reporting that Merrill Lynch (MER) may cut 25% of its fixed income staff. Total employees in equity operations should not end up being cut. Douglas A. McIntyre 100 Million Americans Are...
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Fannie Mae (NYSE:FNM) is seeing shares trade much lower after net income fell by more than half in the first nine months now that SEC filings for Q1, Q2 and Q3 have been caught up to date. The good...
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According to Reuters, Morgan Stanley (MS) has suffered a $3.7 billion loss from its mortgage portfolio, Reuters writes that shares in Cisco (CSCO) were driven down on concerns that orders from the...
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Washington Mutual (WM) Mortgage company in bad environment. Down to $19.72 from 52-week high of $46.38. Capital One Financial (COF) Big financial loss. Down to $50.05 from 52-week high of $83.84....
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Fremont General (FMT) Mortgage company debt rating cut. Falls to $1.81 from 52-week high of $17.30. Valeant Pharmaceuticals (VRX) Drops on downgrade. Drops to $10.35 from $18.82. Nordstrom (JWN)...
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According to a report by CNBC, Merrill Lynch (MER) has offered Laurence Fink, head of BlackRock (BLK) that CEO job at the big brokerage. Reuters says he has been given two weeks to decide. Douglas...
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ACA cut to Underperform at Credit Suisse.ACW raised to Neutral at UBS.AMSC started as Buy at Jefferies.ATPG cut to Underperform at RBC.BSC cut to Equal Weight at Lehman.BSY cut to Neutral at Merrill...
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AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10. Security Capital Assurance (SCA) Another bond...
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It seems while Merrill Lynch (MER) was losing all of that money on mortgage-backed financial instruments it was trying to unload them to save the company’s skin. Nice idea if you can make it work....
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