Highlights
A collection of news and information related to Merrill Lynch & Company Inc. published by this site and its partners.
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Companies fund projects to preserve Amazon rain forest
Deep in the Amazon, in a village accessible only by boat, river dwellers for generations have survived off fish, sparse crops and nuts from the forest.
Now they have a new resource: debit cards.
"If money increases, then life gets better," said...Tags: Companies and Corporations, Heating, Ventilating, and Air Conditioning, Environmental Issues, Natural Resources, The Walt Disney Co.
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How Lehman Bros. rescued L.A.
It's ironic that, as the mortgage crisis pushed Lehman Bros. Holdings Inc. into bankruptcy and probable demise, the storied finance house couldn't find a savior in its hour of need. Had Lehman turned a similar cold shoulder to Los Angeles more than 125...Tags: Financial Markets, Mergers, Acquisitions and Takeovers, Companies and Corporations, Banking, Business Institutions
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Citigroup loses nearly $10 billion
Los Angeles Times Staff WritersThe sub-prime mortgage crisis hit Wall Street with full fury Tuesday as Citigroup Inc. reported a nearly $10-billion fourth-quarter loss, and both Citigroup and Merrill Lynch & Co. got cash infusions to shore up their financial stability. Citigroup...Tags: Layoffs and Downsizing, Companies and Corporations, Loans, Bears Stearns Cos., Kuwait
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Mortgage fallout felt by GOP
Los Angeles Times Staff WriterThe Bush administration's newly aggressive effort to help people facing foreclosure and shore up the troubled mortgage industry was sparked by growing concerns of an election-year recession, and the political damage that would cause, analysts said...Tags: Republican Party, Foreclosures, Housing Industry, Credit Ratings, Democratic Party
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Price tag in mortgage crisis is looking like real money
Los Angeles Times Staff WritersThe mortgage meltdown is taking a rising toll on the broader economy, increasing pressure on the Federal Reserve to slash interest rates for a third time next month in hopes of averting a recession. Homeowners will see their property values sink by $1....Tags: Central Bank, Foreclosures, Personal Service, Weather Reports, New Century Financial Corporation
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Wall Street Lying Low on Social Security
Times Staff WritersDiscount stock trading pioneer Charles R. Schwab has long supported the idea of diverting a share of Social Security taxes into private investment accounts. Schwab endorsed a book on the subject in 1999. His San Francisco-based company is helping to fund...Tags: Education, Social Sciences, Companies and Corporations, Wages and Pensions, Morgan Stanley Dean Witter & Company
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As Web Levels the Playing Field, a Step-by-Step Tour of One Site
Times Staff WriterTimes sure have changed. When Donna Takeda started working on Wall Street in the early 1970s, the pinnacle of technology was the Dow Jones news wire, which tapped out one-line notes about per-share profits and losses when companies released their...Tags: Gaming, Companies and Corporations, Earnings, Science and Technology, History
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RELENZA: Official Asks If One Day Less of Flu Is Worth It
Times Staff WriterGlaxo executives were steaming in early 1999 over the work of biostatistician Michael Elsahoff and other FDA reviewers who had examined the company's new flu drug, Relenza. The reviewers found that Relenza was no more effective than a placebo in treating...Tags: Seinfeld (tv program), Companies and Corporations, Plastic Surgeons, Asthma, Respiratory Disease
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Michael Jackson Agrees to Huge Contract With Sony
Los Angeles Times Staff WritersIn a thriller of a deal, pop icon Michael Jackson has signed a long-term contract with Sony Corp. that guarantees him an unprecedented share of the profits from his next six albums, his own record label, a role in developing video software products and...Tags: Sony Corp., Reprise (movie), Companies and Corporations, David Lynch, Science and Technology
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Stocks Tumble As Bailout Plan Fails In House
NEW YORK (AP) -- Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 7 percent. The almost 780-point decline was...Tags: Companies and Corporations, Big 3 Auto Bailout (2008), Lehman Brothers Holdings Inc., Gymnastics, Bears Stearns Cos.
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Obama seeks new curbs on banks
Taking aim at what he called Wall Street's "huge, reckless risks in pursuit of quick profits and massive bonuses," President Barack Obama on Thursday proposed new restrictions on the nation's largest banks in the aftermath of the financial crisis. Obama'...Tags: Republican Party, Financial Markets, Companies and Corporations, Federal Reserve, Banking
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Wall St. braces for Lehman bankruptcy; BofA will buy Merrill
NEW YORK -- Transforming the face of Wall Street, two major securities firms succumbed Sunday to the country's long-running mortgage crisis as Merrill Lynch & Co. agreed to a hastily arranged, $50-billion takeover by Bank of America Corp. and Lehman Bros....Tags: Companies and Corporations, Mergers, Acquisitions and Takeovers, Banking, Investment Service, New Century Financial Corporation
Feb 21, 2010
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|Story| Chicago Tribune
Sep 15, 2008
|Story| WXIN-LTV
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