Merrill Lynch Stories
Goldman Sachs profit bonanza could stoke anger
Under normal circumstances, Goldman Sachs Group Inc might be afforded a moment of gloating as it struts toward what could be a banner earnings announcement just nine months after being roiled by Wall Street's worse crisis since the Great Depression.
Citigroup replaces CFO and Citibank chief; Crittenden departs
As Citigroup downsizes, chief executive Vikram Pandit announced today he is installing new senior managers at the company's top ranks.
Axiata seeks to buy Millicom's Asia assets-sources
Malaysian telecom firm Axiata has expressed interest to buy the Sri Lankan and Cambodian assets of Luxembourg-based telecom operator Millicom worth at least $500 million, sources with direct knowledge of the deal told Reuters.
Bank of America promotes two M&A bankers
Bank of America Corp has promoted two senior mergers and acquisitions bankers as it reorganizes following its acquisition of Merrill Lynch & Co and looks to benefit from a possible pickup in deal flow.
Rio sells U.S. food packaging unit for $1.2 billion
Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.
Rio sells American food packaging unit for $1.2 billion
Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.
Rio sells American food packaging assets for $1.2 billion
Global miner Rio Tinto further improved its cash position on Monday by agreeing to sell its Americas food packaging business for $1.2 billion, and analysts said they expected more asset sales to follow soon.
Rio Tinto sells food packaging assets for $1.2 billion
Global miner Rio Tinto agreed on Monday to sell its Americas food-packaging assets for $1.2 billion to packaging group Bemis Co Inc , raising yet more much-needed cash for the indebted miner.
Rio Tinto sells food packaging assets for $1.2 bln
Global miner Rio Tinto agreed on Monday to sell its Americas food-packaging assets for $1.2 billion to packaging group Bemis Co Inc , raising yet more much-needed cash for the indebted miner.
Hedge Funds see potential in Asia
As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts.
Ken Lewis retains backing of key BofA exec
Kenneth Lewis, Bank of America's embattled chief executive, retained the backing of a top lieutenant on Friday, when investment bank and wealth management chief Brian Moynihan called him the right person to lead the nation's largest bank.
Ken Lewis retains backing of key B of A exec
Kenneth Lewis, Bank of America's embattled chief executive, retained the backing of a top lieutenant on Friday, when investment bank and wealth management chief Brian Moynihan called him the right person to lead the nation's largest bank.
NewRiver Retail suspends property IPO for London's AIM
Opportunistic property investor NewRiver Retail has suspended plans for a 250 million pound ($406.3 million) listing on London's Alternative Investment Market stock exchange, a company spokeswoman told Reuters.
Wall Street rallies on Bernanke relief, consumer shares
Stocks rallied on Thursday as investors were relieved Fed Chairman Ben Bernanke withstood a barrage of pointed questions from Congress on the Bank of America-Merrill Lynch deal relatively unscathed.
Wall Street jumps on Bernanke relief, consumer hopes
Stocks rallied on Thursday as investors were relieved that Federal Reserve Chairman Ben Bernanke withstood congressional questioning without problems.
Bernanke denies Fed threatened BofA over Merrill deal
Federal Reserve Chairman Ben Bernanke, facing his toughest grilling yet by U.S. lawmakers, said on Thursday he had never threatened to fire Bank of America's management if they pulled the plug on a planned merger with Merrill Lynch.
Congress grills Bernanke on BofA/Merrill deal
Federal Reserve Chairman Ben Bernanke, facing one of his toughest grillings yet by U.S. lawmakers on Thursday, denied he had ever threatened to fire Bank of America management if they pulled the plug on a planned merger with Merrill Lynch.
Bank of America sued for gender bias over bonuses
Bank of America Corp was sued on Thursday in a federal lawsuit in New York, accusing the largest U.S. bank of discriminating against female brokers at the former Merrill Lynch & Co by offering them lower retention bonuses than their male counterparts.
Wall St jumps on Bernanke relief
U.S. stocks rallied on Thursday on investors' relief that Federal Reserve Chairman Ben Bernanke was weathering a tough grilling in Congress relatively well.
Bernanke pushes back on BofA, Merrill deal charges
Federal Reserve Chairman Ben Bernanke on Thursday pushed back hard against accusations the Fed threatened Bank of America executives if they halted a merger with Merrill Lynch or pressured them to withhold bad news about the troubled investment bank.
Bernanke says did not threaten BofA over Merrill
Federal Reserve Chairman Ben Bernanke on Thursday again denied threatening Bank of America executives if they halted a merger with Merrill Lynch or pressuring them to withhold bad news about Merrill.
Wall Street set for weak open after initial claims rise
Wall Street was set for a weak open on Thursday after the number of workers filing new jobless claims rose unexpectedly, as jitters continued to nag that an economic recovery could be tepid.
Stock futures point to flat open as data in focus
Stock index futures pointed to a flat open on Thursday ahead of key data on jobless claims and economic growth.
Lawmaker accuses Fed of cover-up in BofA deal
The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.
Bernanke to testify before congress, Paulson to follow
Federal Reserve chairman, Ben Bernanke is expected to testify on Thursday about allegations made by Bank of America CEO that the government put pressure on him to go forward with the Merril Lynch acquisition.
Bernanke's 2009 may make 2008 look like cake walk
If 2008 was a tough year for Federal Reserve Chairman Ben Bernanke, 2009 is looking no easier as political battles pile on top of tough economic challenges.
Fed accused of cover-up in BofA deal: lawmaker
The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.
World's rich lost 20 percent of wealth in 2008: study
The world's rich lost a fifth of their wealth in 2008 and the number of people with fortunes of more than $1 million fell 15 percent as the financial crisis wiped out two years of growth, a study showed on Wednesday.
In 2008, High Net Worth Individuals fall by 14.5 percent
The global population of high net worth individuals fell 14.5 last year along with the economy, according to a new report.
World's rich lost 20 percent of wealth in 2008: report
The world's rich lost nearly 20 percent of their total wealth in 2008 as volatile markets wiped out two years of growth, a Merrill Lynch study showed on Wednesday.