Merrill Lynch Stories
Smaller Caps Seen Doing Better This Earnings Season
Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
'Milkshake Murderer,' Nancy Kissel, Seeking Appeal for Husband's Murder
Nancy Kissel, the American housewife nicknamed the milkshake murderer who was convicted of killed her husband in 2003 in Hong Kong, is seeking a third appeal.
'Save Our Seas' Plea Issued by World Bank
The World Bank announced on Friday a global alliance to better manage and protect the world's oceans, which are under threat from over-fishing, pollution and climate change.
World Bank Issues SOS for Oceans, Backs Alliance
The World Bank announced on Friday a global alliance to better manage and protect the world's oceans, which are under threat from over-fishing, pollution and climate change.
Lloyds Bank Set to Post Annual Loss of £4 Bn
Lloyds will bear brunt of writedowns and restructuring costs, as it sells non-core businesses and cuts thousands of jobs.
Nikkei Breaks 9,600 to 6-1/2-Month High
Japan's Nikkei share average extended its rally and rose to a 6-1/2-month high on Friday above 9,600, heading for its best February performance in two decades.
RBS to Dole Out £400 million In Bonuses Despite Full Year Loss Forecast
The move is expected to increase anger that the bank is still paying large salaries while thousands, including more than 30,000 layoffs at the bank in the last three years, lose their jobs in a weakening global economy.
Home Resales at 1-1/2 Year High as Supply Falls
U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Exclusive: Palo Alto Networks, Other Tech Firms Plan IPOs
A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing, sensing a window of opportunity as the stock market rallies.
Netflix Shares Tumble on Comcast Streaming Announcement
Shares of Los Gatos, Calif.-based Netflix were down more than 4 percent Wednesday following a day earlier announcement that Comcast was jumping into the online streaming foray.
Goldman Sachs, Advent to Buy TransUnion for Over $3 Billion
TransUnion Corp., the third largest provider of credit information to banks and consumers, said Advent International Corp. and Goldman Sachs Group Inc.'s private equity arm agreed to buy the company from Chicago's billionaire Pritzker family and local private equity firm Madison Dearborn Partners LLC for over $3 billion.
Occupy Wall Street Group Offers Detailed Critique of Volcker Rule
The Occupy movement has moved beyond pickets and protests with a group called Occupy the SEC, which has submitted a 325-page letter on the proposed Volcker Rule.
Empire State Building Owners File $1 Billion IPO, Plan for REIT
Empire State Realty Trust Inc, the company that controls Manhattan's Empire State Building, plans to raise as much as $1 billion by means of an initial public offering.
Nikkei Slips; Insurers Underperform
Japan's Nikkei share average slipped on Tuesday but still hovered near the 9,000 level, with non-life insurers underperforming after MS&AD Insurance Group Holdings (8725.T) cut guidance on heavy losses on the flooding in Thailand.
Empire State Building Owner Files for IPO
The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.
Empire State Building Owner Files for $1 Billion IPO
Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires.
China’s Annual Inflation Spiked, Forcing a Market Rethink of Policy Easing Expectations
China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.
PepsiCo Inc. Earnings Preview: Q4 Boosted By Sales in Emerging Markets
PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker, is projected to report stronger fourth-quarter profit as PepsiCo continue to capitalize on emerging market growth and proper hedging against commodity price swings.
UBS Loses Case to Recoup Bonus from Ex-Broker
A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.
Europe's Shadow Darkens Outlook
A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
Bank of America Selling Three Office Buildings in New York and Charlotte
The Bank of America will sell and leaseback some of its administrative office space as part of its move to shed nonessential assets.
SolarCity IPO expected in third quarter: source
Solar power company SolarCity is expected to debut on U.S. markets in the third quarter this year and has hired Goldman Sachs to underwrite its initial public offering, a source close to the company said on Thursday.
Analysis: Obstacles High for More Mortgage Prosecutions
Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Facebook IPO: Mark Zuckerberg to Have Complete Control over the Company
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
Earnings Preview: Shell Expected To Post Slight Profit Despite Poor Market
Europe's biggest oil company, Royal Dutch Shell is expected to take a hit in its refining and marketing earnings, but could follow the likes of ExxonMobil in posting profit that at least matches analyst expectations thanks to high oil prices.
JC Penney Revamped: Can Ron Johnson Save Department Stores?
JC Penney's new Chief Executive Ron Johnson thinks shoppers have dropped the coupon-hounding, sale-chasing era when department stores reigned. Retail territory has been ceded to bargain sellers such as Walmart and Target. The former Apple retail executive offered a much-hyped solution last week, mixing branding, a new pricing structure and a buoyant ethos.
Facebook to File $5 Billion IPO Wednesday: IFR
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Facebook Filing for $5-Billion IPO: Key Facts and Statistics Behind Biggest Tech IPO
Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...
Facebook Expected to Submit Paperwork to Regulators for $5 Billion IPO
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
CIT Group 4Q Profit Falls 59 Percent
CIT Group Inc., the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.