Merrill

As Citigroup earnings posts better than forecast earnings, the USD took off across the board.  With a lack of major data planned for today, we’ll see if the USD can hold these gains. Citigroup posts $2.5 billion second-quarter loss Mortgage Giant Freddie Mac Considers Major Stock Sale Merrill Lynch Posts Fourth Straight Quarterly Loss Google, Microsoft Slide; Earnings Show [...]

Finding the the next shoe to fall is how you make a big fortune out of wall street’s packet. Lehman: More Real-Estate Woes LEHMAN BROTHERS’ REAL-ESTATE PROBLEMS, including an equity stake in the leveraged buyout of apartment developer Archstone-Smith, continue to plague it. The firm, which stunned Wall Street last week by disclosing that it expects [...]

John Thain, current CEO of Merrill Lynch, stated Wednesday that he would considered selling both its stakes in Bloomberg and in BlackRock if the company were to need further capital. Merrill Lynch has already raised $12 billion from outside investments; however, if things get worse selling Bloomberg and BlackRock may be the investment banks best choice.

NEW YORK - MERRILL Lynch's Chief Executive John Thain on Tuesday said he expects further consolidation among US banks and brokers, and contends there are steps they can take to avoid collapse amid the current credit turmoil. Mr Thain listed raising capital to manage losses as one way investment banks can survive. Financial companies have been forced to find outside investors after taking nearly U

Meredith Whitney of Opperheimer covers financial stocks, but she clearly hates them. At least for the time being. She is no making the point that as MBIA (MBI)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Mark Matthews, head of Asia-Pacific equity strategy at Merrill Lynch & Co. in Hong Kong, comments on his outlook for Viet Nam's stocks. The Ho Chi Minh Stock Index extended a record losing streak to 21 days yesterday on concern a widening trade deficit and inflation at a 16-year high will prompt overseas funds to... [[ This is a content summary only. Visit my website for full links, other conten

Vietnamese stocks may extend this year's worst slump among global markets as the government raises interest rates to quell inflation, Merrill Lynch & Co. said. Higher borrowing costs will restrain earnings growth and prevent a ``huge bounce'' in Viet Nam's equities, Mark Matthews, Asia Pacific head of equity strategy... [[ This is a content summary only. Visit my website for full links, other co

Merrill Lynch: Countrywide Losses Likely $10B-$12B -CNBC Last Update: 6/4/2008 10:05:12 AM DOW JONES NEWSWIRES Merrill Lynch & Co (MER) said Countrywide Financial Corp.’s (CFC) cumulative losses are likely to rise to between $10 billion to $12 billion, CNBC reported Wednesday. The losses will force similar mark-to-market writedowns for buyer Bank of America Corp. (BAC), said Merrill. Me

Viet Nam is exposing signals of an inflation shock, Merrill Lynch said in a report entitled “Viet Nam: Anatomy of an inflation shock.” First, Merrill Lynch indicates that the fast rising inflation makes the central bank to have strong reaction by tightening monetary policy. Second, tight liquidity and high interest rates worsen economic growth outlook. Third, prices in the stock market and

NEW YORK - THE United States economy is currently in a recession that began last quarter, Merrill Lynch said. The call comes despite the fact that gross domestic product grew 0.6 per cent in the January-March period, a meagre but still-positive rate. GDP readings are subject to sharp revisions and, due to their quarterly nature, tend to lag other indicators like spending and confidence, accordin

NEW YORK (MarketWatch) - Bank stocks fell almost 3% in early trading Friday after Merrill Lynch downgraded Regions Financial Corp. and KeyCorp to sell from neutral on fears of declining credit quality. Merrill trimmed its earnings estimates for Regions by 88 cents to $20.44 and by 93 cents to $24.16 for KeyCorp; the downgrades pushed both banks’ shares down [...]

Reuters - The U.S. economy is in a recession and stimulus from a government tax rebate later this quarter will only temporarily stem a fall in consumer spending, a Merrill Lynch economist said on Wednesday. Consolidation Federal Government Loan StudentPro Bass Fishing GameAffiliate Marketing Expansion And AdvertisingWest Virginia Mesothelioma LawyerHow To Recruit Affiliates And What Makes [...]

At a conference yesterday in Singapore, New York City-based financial services giant Merrill Lynch warned the U.S. economy is in a recession that will become more apparent as the year drags on. According to Channel NewsAsia yesterday: Merrill Lynch said the world’s largest economy is already in a recession, and it expects to see a [...]

ASIA'S strong economic growth will persist despite an ailing US economy as the region diversifies its export markets and a new breed of young and wealthy citizens drive consumption, investment bank Merrill Lynch said on Wednesday. Inflation is a bigger risk to the region than a slowdown induced by a recession in the United States, the world's biggest economy, said Timothy Bond, Merrill Lynch's ch

Reuters - The U.S. economy is in a recession and stimulus from a government tax rebate later this quarter will only temporarily stem a fall in consumer spending, a Merrill Lynch economist said on Wednesday.

Credit Agricole may have to raise over $9 billion to rebuild its capital after substantial mortgage-related losses in the last quarter. According to The Wall... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Why is he doing it? Back in early April after Merrill Lynch's (MER) CEO John Thain first made the same remarks, I wondered what good he thought they would do considering "no one believes what comes out of a banker's mouth today anyway". Now, he is at it again telling anyone who will listen that Merrill will not need additional funds. If the last 10 months have tough us anything, it is that a CEO of a company tied to the financial system ought not be making proclamations about about its... Continued at Todd Sullivan's ValuePlays

Business Times - 06 May 2008 Merrill CEO worried about US banks' next problem area Institutions with consumer-related exposures at risk By VIKRAM KHANNA (SINGAPORE) The sub- prime mortgage-related problems that have roiled the credit markets for several months are mostly over, according to Merrill Lynch CEO John Thain, but US financial institutions with large consumer-related exposures will be 'the next problem area' as the US economy weakens. In an interview with BT, Mr Thain pointed out that Merrill Lynch - the world's largest brokerage firm and a major investment bank - would not need to raise any additional capital and is in the process of revamping its risk management and employee compensation systems. And with 60 per cent of its investment banking and sales and trading business outsi

The Times copy chief Merrill Perlman is on the buyout list, said a newsroom source. Apparently, she's making her way around the newsroom today to announce her departure. Ms. Perlman has been an institution at the paper for nearly 25 ...

In search of a sprawling and luxurious 5-bedroom 5-bathroom estate in Denver’s Cory Merrill neighborhood? Recently listed 1600 S Monroe Street is your answer. This brand new construction (2008) home offers over 5,000 square feet of custom built open living space: custom cherry cabinets, custom travertine and granite inlays, and mountain views. For more details about [...]

Why a Wall Street firm wants to save a forest in Sumatra? Byline: Marc Gunther CNN - April 18, 2008 Original URL The business of "carbon farming" is growing fast -- and Merrill Lynch is the latest big company to bet that it will become profitable. What's carbon farming, you ask? It's a business designed to recognize the value created when trees store carbon dioxide and prevent global warming. So people who plant new trees or prevent existing trees from destruction can get paid for doing so. That doesn't mean that the tree in your backyard or mine will help pay college tuition or fund a 401(k). For now, the payments are going to villagers in the developing world who agree to protect endangered forests. Starbucks (SBUX, Fortune 500), Marriott (MAR, Fortune 500) and Rio Tinto (RTP

  eBay (Nasdaq: EBAY) topped Wall Street’s targets in CEO Meg Whitman’s final quarter at the online marketplace, even as Whitman was no longer around to bask in the glory of last night’s conference call. With earnings and revenue climbing 22% and 24%, respectively, eBay isn’t the growth demon it used to be, but at least it’s showing its all-weather [...]

Merrill Lynch (MER) turned in a truly aweful quarter. The financial company reported a net loss from continuing operations for the first quarter of 2008 of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

eBay, Inc. (NASDAQ: EBAY) shares are trading higher in pre-market activity this morning after Merrill Lynch issued an upgrade today. The brokerage firm raised... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

US Investment Bank - Merrill Lynch has picked plywood manufacturer Ta Ann Holdings Bhd, gaming operator Resorts World Bhd and banking group AMMB Holding Bhd as its most preferred stocks in Malaysia.The bank believes the three stocks will appeal to investors with an investment horizon of less than 12 months.Merrill, in a report yesterday listing its favourite and least preferred stocks for April, said it replaced MMC Corp with Ta Ann as it believes the latter will benefit from a cyclical recovery in plywood prices.It has a target of RM10.15 on the stock, implying a 50 per cent upside from its closing price of RM6.75 yesterday.Ta Ann, whose shares have been rising since mid-February, is also deemed a "buy" by at least five of six other research houses that track the company. This includes Cr

Merrill Lynch has made a key reversal call in the conglomerate sector. It has raised General Electric (NYSE: GE) to Buy from Neutral, and it has downgraded 3M... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

U.S. stocks retreated, erasing half of yesterday's rally, after plunging commodity prices sent oil and mining companies lower and an insurer tried to cancel $3.1 billion in protection on Merrill Lynch & Co. mortgage bonds.Chevron Corp. slid the most in five years as lower fuel demand increased concern that the Federal Reserve has failed to prevent a recession. Merrill posted its steepest drop since 2001, killing a rally in financials spurred by better-than- forecast earnings at Morgan Stanley and approval for Fannie Mae and Freddie Mac to buy more mortgages.The Standard & Poor's 500 Index, which surged the most in five years yesterday after the Fed cut its benchmark interest rate by 75 basis points, lost 32.32 points, or 2.4 percent, to 1,298.42, its biggest tumble this month. The Dow Jone

This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can't hold a major up-day. Merrill Lynch & Co.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Financial News Online Merrill Lynch, which was the most efficient Wall Street bank using risk in its trading business to generate revenues in 2006, is now falling behind its rivals, according to research by Financial News. Trading efficiency measures the sales and trading revenue banks generate for a given unit of risk taken. It is calculated by dividing revenues from sales and trading by the bank’s stated risk exposure. Value at risk measures potential loss due to adverse market movements in a defined period with a specified confidence level. In 2006 Merrill Lynch had trading revenues of $14.3bn (ˆ9.2bn) and an average VaR during the year of $50m, meaning it generated $286 in revenue per $1 of trading risk. Last year the bank’s average VaR increased to $65m but tradi

Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange:NYSEJ.C. Penney Co., down $5.10 at $43.01 Amid ongoing weakness in consumer spending, the department store’s same-store sales slipped 6.7 percent in February.Merrill Lynch & Co., down $3.03 at $46.29 The investment bank will close its subprime mortgage lending unit and reset the [...]

SEOUL - South Korea's Hana Bank bought US$50 million worth of shares in Merrill Lynch from Singapore fund Temasek in February, Hana's parent group said on Tuesday. 'The bank had made... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Rosh Sillars Photography published a cool picture on their blog of some Michigan players. From left to right they are Travis Howe, Luke Moffatt, Jon Merrill, and Mr. Hockey, Gordie Howe. Pretty... This is a content summary only. Visit the vlog for the full story,

Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points. Trading volume was light in an abbreviated session -- a typical occurrence a day ahead of Christmas. Still, with only four trading days left in 2007 besides Monday, investors were perhaps looking for any opportunity to tidy up their positions after a year that brought the return of volatility after several years of unusual calm.

Merrill Lynch (NYSE: MER) raised some $6.2 Billion today, or at least up to that amount, and that is not inclusive of the unit sale to General Electric... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

General Electric (NYSE: GE) is acquiring most of Merrill Lynch Capital, which is the unit of Merrill Lynch (NYSE: MER) wholly-owned middle-market commercial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

WSJ report says it is in advanced talks to invest in the troubled financial giant By SIOW LI SEN (SINGAPORE) Temasek Holdings may be joining its sister entity in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

President Bush said today at a White House news conference that the nation's economic "fundamentals are strong," and that his administration will "consider all options" to prevent a recession from happening in the United States. The White House may be late to the party, according to two articles I came across today. The Toronto-based Globe and Mail said that a Merrill Lynch recession probability indicator is pointing to a "painful and pronounced downturn next year" for the U.S. economy. According to the Globe, Merrill Lynch uses the U.S. National Bureau of Economic Research's definition of recession, which is a significant decline in economic activity lasting more than a few months and evident across economic measures including GDP, employment, and retail sales. Their recession probability indicator looks at a combination of the yield curve and corporate spreads, and is now signaling that there is a 100% probability that a U.S. recession will take place within the next

Merrill Lynch & Co. said Wednesday it has tapped New York Stock Exchange head John Thain to lead the world's largest brokerage through the unfolding credit market turmoil that threatens Wall Street's biggest investment houses.Thain, 52, has been selected to become Merrill's next chairman and chief executive officer. His appointment comes just two weeks after the ouster of Stan O'Neal as Merrill reported a $2.24 billion loss during the third quarter, the largest in its 93-year history.The New York Stock Exchange said Wednesday that it named Duncan Niederauer chief executive. Niederauer, 48, joined the NYSE in April after serving as co-head of equities trading at Goldman Sachs.Thain's first day as Merrill's new chief is Dec. 1.Thain was able to place a tourniquet on the Grasso scandal while at the same time succeeding in remaking the Big Board into a for-profit exchange. He took the company public last year, following a merger with Archipelago, and guided it through its merger

John Thain, CEO of NYSE Euronext, has agreed to take the top post at brokerage house Merrill Lynch & Co., according to a person familiar with the matter. The move is somewhat unexpected as many insiders on Wall Street were speculating Merrill Lynch's board would tap BlackRock Inc. CEO Larry Fink. Mr. Thain was also rumored to be considering the top job at Citigroup to fill the spot of former Chairman and CEO Chuck Prince. But Mr. Thain has remarked in the past that he wasn't that interested in the Citi job, viewing it as a very difficu

While Wachovia (WB) passed on the opportunity to acquire Merrill Lynch (MER), they are in effect acquiring some of its most valuable assets. Wachovia has been hiring some of Merrill's most accomplished brokers and traders. since those folks have a large amount of their pay packages in Merrill stock, let's just say they have taken a significant pay cut with Merrill's stock down 32% YTD. Wachovia is offering upfront bonuses to the people they want and reports are that they are getting them... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I just the love the way these things are phrased After writing off twice the amount pre-announced and having unauthorizes merger discussions with Wachovia (WB), Merill's (MER) CEO Stan O'Neal has "decided" to leave the firm according to sources. On Friday I speculated "O'Neal may have been trying to negotiate himself a nice buyout severance package knowing what was coming down the pike." It turns out there is quite a bit of truth to that. According to Merrill's proxy, O'Neal would be entitled... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In a move that will most likely end up costing him his job, Merrill Lynch (MER) CEO Stan O'Neal apparently approached Wachovia (WB) with the prospect of a merger. Wachovia, which became the second-largest retail brokerage firm after acquiring A. G. Edwards would have been catapulted into a major player as the firm melded their 25,000 prospective brokers. Wachovia would have been the perfect partner for Merrill because of their proven ability to smoothly execute mergers. If you just look... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CNBC is reporting that Stan O'Neal will be gone in a matter of days. Merrill's (MER) shares are up... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The New York Times reports that Stan O'Neal, the CEO of Merrill Lynch (MER) approached Wachovia... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Merrill Lynch (MER) this morning actually may have done the impossible, they made Citigroup (C) shareholders sit back and say "at least we are not them".. Merrill had warned in early October that it would post a net loss of up to $.50 a share because of writing down $4.5 billion in collateralized debt obligations and subprime mortgages. Merrill today reported a net loss of $2.24 billion, or $2.82 a share, compared with net income of $3.05 billion, or a $3.17 share last year. The actual... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Merrill Lynch (MER) reported a net loss from continuing operations for the third quarter of $2.3... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Merrill Lynch has a long tradition as one of the world’s leading wealth management, capital markets and advisory companies. We’re also one of the largest banks in Ireland. Merrill Lynch Dublin have a number of excellent opportunities for college leavers looking to start their careers in the financial services industry. These roles will provide candidates with an opportunity to learn a great deal about our business, develop long-lasting key relationships and to build the skills necessary in a career. As a result of our scale, we can offer you opportunities to do work of enormous global impact.About Global Markets & Investment Banking Services:The Merrill Lynch Global Markets & Investment Banking Services (GMIS) group is responsible for processing, clearing and settling trades in securities and listed derivatives, custody and safekeeping assets. We are also leading providers of related reporting and client services. Our organisation is standards driven with front-to-back tran

Merrill Lynch (MER) fired the global chief of its fixed-income division and one of his top two U.S.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Book Description ISBN-0071422137As the home front and the work front become increasingly integrated in contemporary life, success--or failure--in either has an undeniable effect on the other. But it is possible to keep both areas moving forward in positive ways. In this much anticipated book, A. Roger Merrill and Rebecca Merrill show readers how to navigate the critical relationships between time

Boston Properties, Inc. , a real estate investment trust, announced today that it will participate in the Merrill Lynch Global Real Estate Conference in New York on Wednesday, September 19, 2007. Edward H. Linde, the Company's Chief Executive Officer, and Douglas T. Linde, President and Chief Financial Officer, will present a brief Company overview followed by a question and answer session scheduled to begin at 9:30 a.m. The presentation will be archived and available for 14 days after the conference on the Merrill Lynch website and in the Investor Relations section of the Company's website under News and Events.

Merrill put a sell on Countrywide Financial (CFC) which looked late in the game. For shareholders... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The market ignored Merrill's sell call on Countrywide (CFC) today. Merrill had rated the mortgage... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Merrill Lynch downgraded Countrywide Financial (CFC) to a sell today. It has had a buy on the stock... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

MILAN,(Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research) is poised to win a war with Merrill Lynch (MER.N: Quote, Profile, Research) for an Italian real estate fund after its higher offer, valuing the fund around 548 million euros ($750.9 million), won the favour of the fund's manager. Goldman's final offer for 95 percent of the Berenice fund (QFBER.MI: Quote, Profile, Research), or 570,000 units, stood at 913 euros per unit against Merrill's 827 euros.

I know there are some in the blogosphere who like to ridicule me for quoting the people who I've gotten to know on Wall Street, thinking that I'm either making up stories, trying to show off, or who knows what. Well, spending over 10 years as morning anchor on WBBR, a 50,000 watt A.M. business station in NY in its heydays during the 1990s, and then anchoring on Bloomberg Television during its early years put me in contact with a lot of interesting people. I was lucky to have had the opportunities to speak to the people who I spoke to and cultivate some long lasting friendships and contacts. From a blogging perspective, I've been sharing my recent interactions in hopes that it will give you some further perspective on the markets at this critical time. I want to put real authority into the things I am writing here by quoting influential sources so that it goes beyond my mere blogger's opinion.Some will find this even more unbelievable. Rich Bernstein lives around the block from

In the below release, the NASD announced that it had “fined Merrill Lynch, Pierce, Fenner & Smith Inc. $5 million for supervisory failures, registration violations, impermissible sales contests and other violations in connection with the operation of its Financial Advisory Center (FAC) located in Hopewell, NJ and Jacksonville, FL.” NASD Press Release

An affiliate of GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, has agreed to purchase Chapterhouse Holdings Limited whose primary asset is the Merrill Lynch Financial Centre (MLFC) at 2 King Edward Street. MLFC is leased by Merrill Lynch for a term of 15 years with renewal rights extending significantly beyond the initial term.

What would you do if someone owed you lots of money - say, on the order of hundreds of millions of dollars? Merrill Lynch wants its money back from Bear Stearns. And as the days pass the numbers are going up! The Wall Street Journal reports Merrill is now looking to sell $850 mln worth of collateral assets tied to the sinking Bear High-Grade Structured Credit Strategies Enhanced Leverage Fund. Merrill had originally sought to sell $400 mln in assets on Monday, but delayed the sale to hear Bear's plan to recapitalize the fund. Merrill's not biting and the assets will be sold starting tomorrow afternoon.WSJ:Merrill to Dump Bear Fund's Assets.Thus far, this Bear fund meltdown has been orderly, but as it gets closer to being a complete shutdown it will be interesting to see if there's any market angst. BSC is down about 2% tonight.It seemed like a good idea.. benefit from a drop in subprime bbb- as tracked by ABX. But the chart below is a road map that shows a few key problems for a sh

CNBC reports that Merrill Lynch has postponed plans to seize $400 mln from Bear's collapsing subprime hedge fund. BSC is well off the lows fo the day. Stock market is also staging a modest rebound.

From Investment NewsChina’s stock valuations are starting to boil over, and it may be time for investors to bail, said Merrill's China chief.“Valuations are too high and it’s getting out of control,” said Merrill Lynch & Co.'s China chairman Liu Erhfei at a private equity conference in Beijing, according to an interview in Bloomberg News.The Shanghai Composite Index, China’s benchmark, gained 1.6% closed at 4,048.29 today, falling slightly below last week’s record of 4,049.70.Chinese stocks plummeted 9% on Feb. 27, setting off a worldwide sell-off.But with China’s blooming economy and a competitive buyout environment, investors have jumped back into the pool.[Read more]

By Bradley Keoun Merrill Lynch & Co., the Wall Street firm targeted by environmental activists for financing coal-fired power plants, said it invested $35 million in a company that uses steam from underground reservoirs to generate electricity. Closely held Vulcan Power Co., based in Bend, Oregon, is raising $150 million to develop geothermal plants that may produce enough ``green power'' to

Merrill Lynch & Co. said Thursday its first-quarter profit soared, surpassing Wall Street expectations thanks to strong investment banking activity. Excluding a charge incurred last year related...

Global financial services major Merrill Lynch on Wednesday said, it plans to roll out more products for NRIs as it aims to become the biggest private banker catering to the niche market."With $360 billion in investable assets, the 22 million Non-Resident Indians are an important growth area for us," Rahul Malhotra, Merrill Lynch's head of India Global Private Client, told PTI."We are leveraging the global business by rolling out products and developing talent, which will result in the largest private banking businesses in NRI segment," he added.The company would also double the number of financial advisors serving Indian clients this year, both within the country and living abroad."We plan to grow the clients' assets under management for both onshore and offshore India by 8-10 times in the next three years," Malhotra said.Merrill Lynch has had a long experience in India through its partnership with DSPML, which gives it a great advantage over other firms as it boosts of both global e

El banco americano Merrill Lynch ha elevado esta mañana el precio objetivo de la segunda eléctrica del país desde 36 a 39,5 euros, por lo que el 100% de la compañía costaría 36.000 millones de euros, según esta valoración.http://mercado-continuo.blogspot.com