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According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and...
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Bank earnings were hit hard this week. Even if the results at Citigroup (C), Merrill Lynch (MER), and JP Morgan (JPM) did not drive the credit system into insolvency, each company had forecasts which...
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Google’s (GOOG) earnings are ancient news now. The search company did much better than expected. The economy did not bring it down like a rhino killed off in the wild. The company’s Q3 EPS of...
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Henry Paulson seems like a very large and old Eagle Scout. He would never mislead, at least not on purpose. He gave the impression as he announced that Treasury would dump $250 billion into nine...
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A lot of people on Wall St. were worried about the future of Merrill Lynch (MER) and were glad when Bank of America (BAC) bought it. Now, Bank of America may be unhappy. Merrill lost $5.2 billion in...
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According to Reuters, the Treasury will make $250 billion directly into banks. Ciitgroup (C) and JPMorgan (JPM) would get $26 billion each. Merrill Lynch (MER) and Bank of America (BAC) would each...
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Many of the world’s largest sovereign funds believe that they were taken to the cleaners earlier this year when they dumped billions of dollars into large US financial companies like Citigroup (C)...
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A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy 20% of Morgan Stanley (MS), or for Wells...
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Bank of America Corp. (NYSE: BAC) is being taken to the cleaners this morning. Shares closed down sharply yesterday at $23.77 after closing at $32.22 just the day before. Bank of America raised...
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According to Reuters, the House will vote on the bailout bill today. Reuters reports that JP Morgan (JPM) will not keep the CEO of WaMu. Reuters reports that John Thain of Merrill Lynch (MER) will...
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Banks and investment banks who watched Bear Stearns, Washington Mutual, and Lehman go down in flames have learned a lesson. Bank of America (BAC) moved too fast to buy Merrill Lynch (MER). If it had...
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There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be emulated by...
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Level 3 Communications Inc. (NASDAQ: LVLT) has registered shares for sale by affiliates of Merrill Lynch (NYSE: MER). This relates to potential offers and sales by Merrill Lynch International of as...
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Constellation Energy Group (CEG) falls on fears of link to the Lehman bankruptcy. The company says no. The shares plunges to $13 from 52-week high of $107.97. Gatehouse (GHS) shows why it’s a bad...
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After a savage day in which one Wall St. firm closed and another was sold, perhaps there might have been an evening’s respite. Lehman (LEH) has more than 25,000 employees, 20,000 of which could be...
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