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MER Articles
Short sellers believe that they have seen the bottom for financial shares and exited the industry en masse. Shares sold short in Merrill Lynch (MER) fell 12.6 million to 42.3 million. Short interest...
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According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures. Reuters reports that Lehman (LEH) has asked three investment firms to stay in the...
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The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP’s compensation formula, which adds up salary, perks, bonuses, above-market interest on pay set aside for...
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Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. Sanford...
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According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters...
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It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by analysts is verboten. Rating yourself is not...
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According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the FAA...
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According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is...
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No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors...
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Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a good idea. While the...
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Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities...
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There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill Lynch (MER), Citigroup (C) and...
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The Fed has been testing investment banks to see what will become of their balance sheets and liquidity if the credit markets signal another hurricane watch. According to the FT, "Bankers with...
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Now that Citigroup (C), UBS (UBS), and Merrill Lynch (MER) have agreed to buy back a total of about $40 billion in auction-rate securities, Wall St. will have to hazard a guess as to what value will...
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According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs. Reuters reports that Google (GOOG) says its investment in AOL may be impaired. Reuters writes that Citigroup (C) and Merrill...
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