Merrill Lynch Stories
BofA to sell securities later Thursday for TARP repay
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
BofA sells $19.3 billion of securities for TARP repay
Bank of America Corp sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
BofA to sell securities for TARP repay
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
BofA to sell securities to repay TARP
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.
Judge ends Enron shareholder lawsuit against banks
Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.
BofA to sell securities for TARP repay later Thursday
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
Bank of America to repay TARP
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
Flybe, oil companies planning London IPOs: report
British budget airline Flybe and five oil companies are planning initial public offerings in London next year which are expected to value them collectively at 1.5 billion pounds ($2.46 billion), the Sunday Times reported.
Bank of America amends pay for senior executives
Bank of America Corp , the largest U.S. bank, amended on Friday the compensation agreements of two senior executives, following a review by the pay czar.
UAE faces up to $184 billion total debt: BofA-Merrill Lynch
The United Arab Emirate has total debt amounting to $184 billion at the end of 2009, according to estimates by Bank of America-Merrill Lynch, which said the region faces a heavy redemption schedule until 2013. Dubai's shock announcement this week that it is seeking to suspend payments on debt of its state-owned conglomerate Dubai World and property subsidiary Nakheel has roiled global markets, r...
Bank of America urges dismissing investor lawsuit
Bank of America Corp has asked a Manhattan federal court to dismiss an investor class-action lawsuit over its Merrill Lynch & Co purchase, including disclosures about Merrill's losses and bonus payouts.
Luxury goods will return to growth in 2010
Luxury goods sales will return to growth next year with profitability increasing more than revenues thanks to strong cost containment policies in 2009, according to a Bank of America Merrill Lynch report.
Chip stocks fall on downgrade, CEOs talk recovery
Chip stocks fell on Thursday after Bank of America Merrill Lynch downgraded the sector on a possible inventory correction, although two of Europe's top chipmakers were upbeat about recovery prospects.
Chip stocks fall on BofA Merrill downgrades
Semiconductor stocks fell sharply after BofA Merrill Lynch turned bearish on the industry and downgraded several chipmakers, including Intel Corp , citing a modest rise in inventories.
Fidelity launches new tool for breakaway brokers
Fidelity Investments has launched a service to help retail brokers determine how profitable it would be for them to leave their brokerage house and hang out their own shingle.
BofA Merrill cuts '10 global semiconductor growth view
BofA Merrill Lynch lowered its 2010 growth forecast for global semiconductor industry and downgraded ten chipmakers, including Intel Corp , turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories.
BofA Merrill cuts '1Boa0 global semiconductor growth view
BofA Merrill Lynch lowered its 2010 growth forecast for global semiconductor industry and downgraded ten chipmakers, including Intel Corp , turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories.
Daily Outlook - Nov 18
Potential weakness for economy; Thain seeks new start; Financial reform taking shape
Recovery-confident investors shun bonds - poll
Investors shifted out of bonds into equities and commodities in November as confidence in the global economic recovery underpinned their risk appetite, a survey showed on Wednesday.
Thain unrepentant over Merrill tenure
John Thain, former Merrill Lynch & Co Inc chief executive, wants the world to know that he has never thrown a chair.
BofA knew of Merrill pain in November: House panel
A congressional panel accused Bank of America Corp on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following month.
Wall Street profits revive, bank bonuses may jump
New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.
BofA ex-counsel says stunned by firing
Former Bank of America Corp general counsel Timothy Mayopoulos was stunned to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the same job at the combined company.
BofA ex-counsel says he was stunned by firing
Former Bank of America Corp general counsel Timothy Mayopoulos said he was stunned to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the same job at the combined company.
BofA ex-counsel said he was stunned he was fired
Former Bank of America Corp general counsel Timothy Mayopoulos said he was stunned to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being told he would become the combined company's new general counsel.
Ohio attorney general takes aim at Wall Street
It is hard to believe that Ohio Attorney General Richard Cordray, with his state facing its own woes, would be hanging around Wall Street looking for a fight.
BofA CEO candidates shy away from tough job
It is the most prestigious job that nobody wants. Bank of America is searching for a new chief executive, and by all accounts, it is having a tough time finding someone for the job.
BofA CEO says history will vindicate recent deals
Bank of America Corp Chief Executive Officer Ken Lewis said on Tuesday that he expected history to show he was right when it came to controversial steps such as buying struggling brokerage Merrill Lynch & Co.
Stock futures edge down after stocks hit 13-month high
Stock index futures edged lower on Tuesday as investors paused after the market hit a 13-month high in the previous session on expectations for prolonged low interest rates.
Intercell eyes FY loss on weak vaccine sales
Austrian biotech company Intercell scrapped its full-year profit target after third-quarter revenue for its Ixiaro vaccine against Japanese Encephalitis fell short of expectations.