MER
MER Articles
According to Reuters, lenders and Clear Channel (CCU) have reached an agreement for an LBO of the company. Reuters writes that Carl Icahn may mount a proxy fight for control of Yahoo! (YHOO) Reuters...
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Credit Agricole may have to raise over $9 billion to rebuild its capital after substantial mortgage-related losses in the last quarter. According to The Wall Street Journal "Crédit Agricole said it...
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According to Reuters, HP (HPQ) plans to buy EDS (EDS) to better compete with IBM (IBM). Reuters writes that AIG (AIG) says it sees no reason to follow the request of its ex-CEO to the company”s...
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There is a new feeling suffusing the financial markets that the worst of the credit crisis is over. The Fed has done most of its work. US citizens are about to get their tax rebates. Large financial...
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Hank Greenberg, former chief of AIG (AIG), still walks the avenues of Wall St. at night, plotting how to get his old job back. He has been in a series of disputes with the company since he was asked...
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According to Reuters, the head of strategy at Microsoft (MSFT) says it deal to acquire Yahoo! (YHOO) is over. Reuters writes that Toyota (TM) posted a 28% drop in profit due to a strong yen and slow...
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According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are...
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The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit markets. It was...
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Former World Bank chief James Wolfensohn thinks the credit crisis will take $1 trillion in losses out of the market. That is a number much higher than most estimates. It also means that the trouble...
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According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said...
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According to Reuters, National City (NCC) will raise as much as $7 billion. Reuters writes that Viacom (VIA) will launch a pay TV channel to compete with Time Warner’s (TWX) HBO. Its partners will...
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Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four or five quarters. Some investors still have hopes that the downturn will not be deep and...
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Once a year, Barron’s publishes its "The Top 100 Financial Advisers List." Much of the research for the article is done by an outfit known as "Winner’s Circle", based in Boca Raton. Most of the...
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New York State Attorney General Andrew Cuomo wants the job his father used to have. He wants to be governor of the Empire State. He wants to fight evil. He want to bring the unrepentant to justice....
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Merrill Lynch (MER) turned in a truly aweful quarter. The financial company reported a net loss from continuing operations for the first quarter of 2008 of $1.97 billion, or $2.20 per diluted share,...
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