MER
MER Articles
According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market. Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of social...
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Yesterday morning 24/7 Wall St. covered how the buyout for Affiliated Computer Services (NYSE:ACS) was for all practical purposes looking like toast, and we wanted to see which other pending deals...
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According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market. Reuters writes that Alcatel-Lucent (ALU) will cut another 4,000 jobs. Reuters...
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Merrill Lynch (MER) may be facing a class action suit over the losses it reported in the last quarter. According to Reuters "the lawsuit, which the lawyers said was filed in U.S. District Court for...
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Merrill Lynch (NYSE:MER) has finally announced a part of the inevitable. Stan O’Neal is retiring effective immediately, which we all know is a mutual resignation and firing after the worst...
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Distressed debt investor TCW Group and hedge-fund firm Marathon Asset Management have begun looking at buying assets in the mortgage market. But, they have not moved in yet, as far as anyone can...
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After Countrywide (CFC) reported its third quarter loss last week, the company said that it would make money in Q4 and next year. There is really no way for the firm’s management to know that, but...
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According to Reuters, Oracle (ORCL) has withdrawn its bid for BEA Systems (BEAS). Reuters writes that profits at Toahiba rose 38%. Reuters reports that Chrysler workers have approved the UAW contract...
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After taking Merrill Lynch’s (MER) stock from $35 in early 2003 to $98 earlier this year, the company’s board sacked CEO Stan O’Neal for one bad quarter. O’Neal came across as a brutal...
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The New York Times is reporting that Merrill Lynch (MER) CEO Stan O’Neal is out after the firm reported huge write-downs in the last quarter. It is not clear who will replace them. Unfortunately,...
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CNBC is reporting that Stan O’Neal will be gone in a matter of days. Merrill’s (MER) shares are up 7% to $65.25. Douglas A. McIntyre Find a Qualified Financial Advisor (Sponsor) Finding a...
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The New York Times reports that Stan O’Neal, the CEO of Merrill Lynch (MER) approached Wachovia (WB) about a potential merger of the firms. The board of Merrill was upset because it was not...
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According to Reuters, Microsoft’s (MSFT) strong quarter and forecast sent shares up over 10%. Reuters writes that Oracle (ORCL) has turned down BEA Systems’ (BEAS) proposal that the company be...
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Could Merrill Lynch (MER) post worse numbers in the fourth quarter than it had in the third? Goldman Sachs thinks so. The investment bank says MER could have to write down another $4.5 billion in the...
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According to The New York Times "economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion." The figure includes losses in home values...
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