MERRILL LYNCH

Solyndra LLC headquarters shown in Fremont

White House to Review Energy Loans in the Wake of Solyndra

The White House said Friday it would conduct an independent review of the U.S. Energy Department's loan portfolio following the collapse of Solyndra, the solar-panel maker that went bankrupt last month after receiving a hefty federal loan guarantee.

Investors Brace for Eurozone Debt Decision

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Investors stayed cautious ahead of a summit expected to deliver pledges to tackle the euro zone's debt crisis rather than firm commitments, keeping the euro above $1.39 as stocks markets traded little changed.
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Trucks are driven into a shipping container area at Qingdao port

China Growth Slows to 2-year Low

China's economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
Chinese work at Honda Motor production plant in Guangzhou

China Q3 growth to 2-year low, but no rate cuts seen

China's economic expansion slowed in the third quarter to its weakest pace in more than two years as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
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China Q3 Growth at Two-Year Low, but no Rate Cut Seen

China's economic expansion slowed in the third quarter to its weakest pace since early 2009 as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
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BoA-ML, TerraPass in California CO2 Offset Deal

Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.
Apotheker

Have CEO Severance Packages Gotten Out of Hand?

The whole process is to ensure that compensation is aligned with shareholder interest, Steve Rabitz, an attorney with Stroock & Stroock & Lavan who specializes in executive compensation, told International Business Times. But shareholders sometimes are angered by executive packages they believe are increasingly over-the-top.
UBS

Trading Scandal: More Executive Heads Roll at UBS

Francois Gouws and Yassine Bouhara, the co-heads of UBS’ global equities, handed in their resignations, apparently taking responsibility for the actions of the London rogue trader who perpetrated illegal trades.
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Gold up 1%, On Track for Biggest Quarterly Gain This Year

Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative.
A U.S. flag flies above Wells Fargo & Co headquarters in San Francisco

Merrill Hires from Wells Fargo, MSSB

Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.
Sergio Ermotti

Investors Assess New UBS CEO, Hope For Fast Revamp

UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.
Woman walks past an electronic board displaying market indices outside a brokerage in Toky

U.S. Stock Futures Point Downward

Stock index futures pointed to a lower open on Wall Street, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures down between 1.4 to 1.8 percent at 0923 GMT.
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China's Sany Heavy to raise $3.33 bln in HK offer

Sany Heavy Industry Co Ltd , China's largest construction machinery maker, could raise up to $3.33 billion in the second biggest stock offering this year in Hong Kong, braving volatile markets to raise funds for expansion of its factories.

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