Friday, 18 Jul 2008 | Source: Reuters
Merrill Lynch & Co <MER.N> may still
be forced to sell its valuable stake in fund manager BlackRock
to bolster its balance sheet, research firm CreditSights said
in a report.
Friday, 18 Jul 2008 | Source: Reuters
NEW YORK (Reuters) - Merrill Lynch & Co <MER.N> may still
be forced to sell its valuable stake in fund manager BlackRock
to bolster its balance sheet, research firm CreditSights said
in a report.
Friday, 18 Jul 2008 | Source: The Associated Press
Merrill Lynch & Co. shares slipped in morning trading Friday after issuing its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.
Thursday, 17 Jul 2008 | Source: The Associated Press
Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.
Thursday, 17 Jul 2008 | Source: Reuters
Merrill Lynch & Co <MER.N> posted a
much larger-than-expected $4.89 billion quarterly loss on
Thursday after writing down soured debt, and unveiled plans to
sell billions of dollars of assets -- including a part of its
lucrative brokerage business -- to shore up capital.
Thursday, 17 Jul 2008 | Source: Reuters
By Elinor Comlay
Thursday, 17 Jul 2008 | Source: The Associated Press
Moody's Investors Service downgraded the senior long-term debt of Merrill Lynch & Co. to "A2" from "A1" Thursday to after the world's largest brokerage posted a $4.9 billion second-quarter loss, hurt by massive write-downs from mortgage-backed securities and other risky investments.
Thursday, 17 Jul 2008 | Source: The Associated Press
Among the earnings stories for Thursday, July 17, from AP Financial News:
Thursday, 17 Jul 2008 | Source: CNBC.com
Merrill Lynch came close to selling its 49 percent stake in BlackRock, but pulled the plug at the last minute because of concerns from rating agencies.
Thursday, 17 Jul 2008 | Source: Reuters
Thursday, 17 Jul 2008 |
Posted By:
Cindy Perman |
Source: CNBC.com
Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.
Thursday, 17 Jul 2008 | Source: CNBC.com
"It's a sucker's rally," Kathy Boyle, president of Chapin Hill Advisors, says of this week's market move. "If you make money here, don't get greedy."
Thursday, 17 Jul 2008 | Source: CNBC.com
Stocks resumed their ascent after a midmorning dip as oil began to recede and financials rallied.
Thursday, 17 Jul 2008 | Source: CNBC.com
The financial-driven rally lost steam, leaving stocks mixed, as oil rebounded and the Philadelphia Federal Reserve reported weaker-than-expected manufacturing activity in its region.
Thursday, 17 Jul 2008 | Source: Reuters
U.S. money manager BlackRock posted a better-than-expected 23 percent rise in second-quarter profit as assets under management rose.