NBC Universal, along with investment firms Blackstone Group and Bain Capital, will acquire The Weather Channel properties.

Merrill Lynch will decide whether it will sell its stake in BlackRock early this week, CNBC has learned.

Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.

Merrill Lynch may incur $5.8 billion of writedowns in the second quarter, said Oppenheimer analyst Meredith Whitney, who also forecast a loss for the world's largest brokerage for the period.

Monday marked the last day of a dismal second quarter and first half.  Here are the day's video highlights.

William O. Albertini, a former chief financial officer of Bell Atlantic Corp. who served on the boards of several publicly traded companies, died Saturday.

By Walden Siew

BlackRock Inc's <BLK.N> president <BLK.N> said on Tuesday the money management firm is bracing for a "much bigger" global economic slowdown, but said financial market declines have created some of the best buying opportunities ever for fixed-income money managers.

Shares of Affiliated Managers Group Inc. declined Tuesday after a Wachovia Capital Markets analyst downgraded the asset-management company, saying the flow of cash in its mutual funds is likely to weaken.

Shares of BlackRock Inc. rose Monday afternoon after a Goldman Sachs Group Inc. analyst raised his rating on the investment manager to "Buy," saying a shares are at an attractive price.

Among the premarket stories for Monday, June 23, from AP Financial News:

A Goldman Sachs analyst upgraded asset manager company BlackRock Inc. Monday, saying the stock has slipped to an attractive price and the business is in good shape.

Rumors of an impending profit-warning and further writedowns sparked a selloff of Merrill Lynch shares and other financial stocks Friday.

Merrill Lynch is growing more likely to raise additional capital, and will likely post a modest loss in the second quarter, according to an analyst at Lehman Brothers.

Stocks dropped sharply Wednesday as oil prices recovered from previous losses.