International Business News - Lynch http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Merrill Lynch & Co. Inc. fell with the broader market Monday as turmoil continued to buffet financial services stocks. With a plan for the federal government to buy $700 billion in banks' mortgage debt still up in the air, broad market indexes lost about 2 percent, while major national banks dropped even more. Merrill shares fell $1.44, or 4.9 percent, to $28.06 in morning trading. http://www.ibtimes.com/articles/20080922/merrill-shares-fall-stock-closer-to-buyout-price.htm Mon, 22 Sep 2008 11:51:21 EDT Three Merrill Lynch & Co. directors will join the board of Bank of America Corp. after BofA's acquisition of the brokerage is completed next year, according to a regulatory filing. http://www.ibtimes.com/articles/20080918/3-merrill-directors-to-join-bank-of-america-board.htm Thu, 18 Sep 2008 19:00:18 EDT Credit ratings agency Fitch Ratings revised its view on the investment bank's ratings on Monday, saying its $50 billion sale to Bank of America Corp. allays capital-raising concerns. http://www.ibtimes.com/articles/20080915/fitch-removes-merrill-lynch-from-credit-watch.htm Mon, 15 Sep 2008 12:06:37 EDT Shares of Merrill Lynch & Co. crept higher Monday after the world's largest brokerage agreed to be bought by Bank of America Corp. in an all-stock deal originially valued at $50 billion. http://www.ibtimes.com/articles/20080915/merrill-lynch-shares-soar-on-bank-of-america-offer.htm Mon, 15 Sep 2008 19:45:50 EDT Shares of Merrill Lynch & Co. declined Friday, as concerns over the fate of the investment bank's rival, Lehman Brothers Holdings Inc., spread to other financial stocks. http://www.ibtimes.com/articles/20080912/merrill-shares-drop-as-concerns-over-lehman-spread.htm Fri, 12 Sep 2008 19:21:15 EDT Merrill Lynch & Co. shares pointed lower early Friday after Goldman Sachs cut its rating on the stock to "Sell" on expectations for more write-downs tied to troubled investments. http://www.ibtimes.com/articles/20080905/ahead-of-the-bell-goldman-cuts-merrill-to-sell.htm Fri, 05 Sep 2008 07:57:06 EDT Shares of Merrill Lynch & Co. were among the hardest hit stocks in the financial sector Thursday as investors worried about the amount of bad debt that might still be on the books of financial companies. http://www.ibtimes.com/articles/20080904/last-call-merrill-lynch-falls-with-financials.htm Thu, 04 Sep 2008 15:55:37 EDT Shares of Merrill Lynch & Co. Inc. declined in trading Tuesday even as others in the financial sector generally advanced. Shares of Merrill, the world's largest brokerage firm, fell 60 cents, or 2.1 percent, to $27.75. http://www.ibtimes.com/articles/20080902/merrill-slides-against-mostly-rising-market.htm Tue, 02 Sep 2008 17:42:39 EDT Merrill Lynch & Co. Inc. announced Tuesday that it has hired Michael Nierenberg to head its global mortgages and securitized products businesses, and James De Mare to run mortgage trading operations. http://www.ibtimes.com/articles/20080902/merrill-hires-2-for-mortgage-operations.htm Tue, 02 Sep 2008 10:25:19 EDT Shares of Merrill Lynch & Co. declined Monday amid overall weakness in the financial sector on Wall Street and among investment banks. Stock of Merrill Lynch, which is both the nation's largest brokerage and one of the four biggest investment banks, dropped $1.02, or 4 percent, to $24.20. http://www.ibtimes.com/articles/20080825/merrill-shares-down-3-percent.htm Mon, 25 Aug 2008 17:32:11 EDT Federal regulators said Friday that investors who bought risky auction-rate securities from Merrill Lynch & Co. before the market for those bonds collapsed will be able to recover up to $7 billion under a new agreement. http://www.ibtimes.com/articles/20080822/merrill-agrees-to-buy-back-up-to-7b-in-bonds.htm Fri, 22 Aug 2008 17:11:41 EDT Shares of Merrill Lynch & Co. remained up Friday, after the investment bank late Thursday settled with regulators over its role in selling risky auction-rate securities to retail investors. http://www.ibtimes.com/articles/20080822/merrill-lynch-climbs-after-settlement.htm Fri, 22 Aug 2008 17:43:09 EDT Investors will be watching shares of Merrill Lynch & Co. Friday, after the investment bank late Thursday settled with regulators over its role in selling risky auction-rate securities to retail investors. http://www.ibtimes.com/articles/20080822/merrill-lynch-may-climb-after-settlement.htm Fri, 22 Aug 2008 09:19:18 EDT New York Attorney General Andrew Cuomo has been in all-day meetings with Merrill Lynch & Co. Chief Executive John Thain regarding a last minute settlement over auction-rate securities, according to a person familiar with the negotiations. http://www.ibtimes.com/articles/20080821/ap-source-merrill-lynch-ceo-ny-ag-in-talks.htm Thu, 21 Aug 2008 16:15:14 EDT Massachusetts Secretary of State William Galvin says Merrill Lynch & Co. had agreed to settle a case involving its sale of auction-rate securities and the brokerage would soon begin buying back the illiquid securities. http://www.ibtimes.com/articles/20080821/massachusetts-merrill-settle-auction-rate-dispute.htm Thu, 21 Aug 2008 14:03:20 EDT Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies in settling with regulators over their roles in selling risky auction-rate securities to retail investors. http://www.ibtimes.com/articles/20080821/ny-ag-will-take-merrill-to-court-on-friday.htm Thu, 21 Aug 2008 18:59:58 EDT Investment bank Merrill Lynch & Co. Inc. spent $920,000 in the second quarter lobbying on financial regulations and other issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080815/merrill-lynch-spent-920k-lobbying-govt-in-2q.htm Fri, 15 Aug 2008 09:15:10 EDT Among the stock activity stories for Friday, Aug. 8, from AP Financial News: NEW YORK (AP)--Shares of Merrill Lynch & Co. fell Friday afternoon as Moody's Investors Service cut ratings on some mortgage-backed securities it had issued and a day after the investment bank said it would buy back auction-rate securities. http://www.ibtimes.com/articles/20080808/movers-roundup-merrill-lynch-sara-lee.htm Fri, 08 Aug 2008 14:49:02 EDT Shares of Merrill Lynch & Co. fell Friday afternoon as Moody's Investors Service cut ratings on some mortgage-backed securities it had issued and a day after the investment bank said it would buy back auction-rate securities. http://www.ibtimes.com/articles/20080808/merrill-shares-fall-despite-broader-market-gains.htm Fri, 08 Aug 2008 13:16:04 EDT Merrill Lynch says it will buy back auction-rate securities from its clients over a one-year period beginning January 15, 2009. The New York investment bank's retail clients own an estimated $12 billion in the securities. Merrill expects that total to be reduced to less than $10 billion by January 2009. http://www.ibtimes.com/articles/20080807/merrill-lynch-to-buy-back-auction-rate-securities.htm Thu, 07 Aug 2008 17:47:13 EDT