International Business News - merrill 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 Merrill Lynch & Co., the nation's largest brokerage, on Monday announced a Dec. 5 shareholder meeting to vote on a takeover offer from Bank of America Corp. http://www.ibtimes.com/articles/20081103/merrill-lynch-sets-shareholder-meeting-on-bofa.htm Mon, 03 Nov 2008 19:00:42 EST Bank of America Corp. on Wednesday has chosen the team that will lead the company's securities business once it acquires Merrill Lynch & Co. John Thain, Merrill's current chairman and chief executive, will be president of the global banking, securities and wealth management businesses. Thain agreed to sell the nation's largest brokerage last month amid unprecedented turmoil in the financial industry that could have weakened the broker to the point of collapse. http://www.ibtimes.com/articles/20081022/bofa-merrill-unveil-management-team.htm Wed, 22 Oct 2008 17:35:26 EDT Credit ratings agency Standard & Poor's on Thursday said Merrill Lynch & Co. remains on a developing watch after the bank said it lost $5.2 billion, or $5.58 per share, during the third quarter. http://www.ibtimes.com/articles/20081016/merrill-remains-on-developing-credit-watch.htm Thu, 16 Oct 2008 14:53:13 EDT Among the earnings stories for Thursday, Oct. 16, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081016/earnings-roundup-merrill-lynch-nucor.htm Thu, 16 Oct 2008 10:56:12 EDT Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. http://www.ibtimes.com/articles/20081016/merrill-3q-loss-widens-on-mortgage-related-charges.htm Thu, 16 Oct 2008 17:48:35 EDT Federal antitrust regulators on Wednesday cleared Bank of America's $34.9 billion purchase of Merrill Lynch & Co. Inc. The deal, announced Sept. 15, is part of the rapid restructuring of the U.S. financial system amid the global credit crisis. Merrill agreed to be bought by Charlotte, N.C.-based Bank of America Corp. just days after rival investment bank Lehman Brothers filed for bankruptcy protection. http://www.ibtimes.com/data/articleimgs/153035-bank-of-america-merrill-lynch.jpg http://www.ibtimes.com/articles/20081015/antitrust-regulators-clear-bofa-merrill-deal.htm http://www.ibtimes.com/articles/20081015/antitrust-regulators-clear-bofa-merrill-deal.htm Wed, 15 Oct 2008 16:56:33 EDT Merrill Lynch & Co. announced Tuesday it has raised $2.65 billion to invest in Asian real estate, betting that cooling property markets will rebound despite slowing regional economies and global financial turmoil. http://www.ibtimes.com/articles/20081014/merrill-bets-on-asian-property-with-2-65b-fund.htm Tue, 14 Oct 2008 07:10:17 EDT 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 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 Merrill Lynch's shotgun sale to Bank of America will create the nation's largest financial services company--one that some believe is too big to fail. Still, no one is breathing easy just yet. http://www.ibtimes.com/data/articleimgs/130571-financial-meltdown.jpg http://www.ibtimes.com/articles/20080915/ap-source-bank-of-america-agrees-to-buy-merrill.htm http://www.ibtimes.com/articles/20080915/ap-source-bank-of-america-agrees-to-buy-merrill.htm Mon, 15 Sep 2008 19:12:34 EDT Bank of America Corp. is buying Merrill Lynch & Co. for about $50 billion in a deal that should lift the uncertainty shrouding Merrill since the start of the credit crisis over a year ago, according to a person briefed on the deal. http://www.ibtimes.com/articles/20080914/merrill-bofa-in-talks-according-to-report.htm Sun, 14 Sep 2008 23:50:19 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