Wikio - Merrill Lynch

Merrill Lynch close to selling stake in Bloomberg News parent (Talking Biz News)

Sat, 05 Jul 2008 13:53:19 GMT

The New York Post reports that Merrill Lynch & Co. has closer to selling its 20 percent stake in Bloomberg LP, and the buyer is the blind trust of Michael Bloomberg. Mark DeCambre and Zachary Kouwe write, “Details about the terms of a sale remain sketchy, and sources warned that a deal could still fall apart. However, [...]

Source : Talking Biz News (subscribe)

Explore : Cities and Towns, Merrill Lynch, Michael Bloomberg, New York City

Merrill Lynch in Talks to Sell Its Bloomberg Stake (New York Times)

Sat, 05 Jul 2008 00:01:13 GMT

Merrill Lynch, seeking capital, may sell its 20 percent stake in the financial data company, people involved said.

Source : New York Times (subscribe)

Explore : Financial Services, Merrill Lynch

Merrill Lynch In Talks To Share Its Stake In Bloomberg (Free Internet Press)

Sat, 05 Jul 2008 06:32:31 GMT

Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg L.P., the financial data and news company founded by New York City Mayor Michael R. Bloomberg, as Merrill Lynch seeks to raise still more capital, people involved in the talks said Friday. The discussions remained in the early stages and the talks could fall apart, these people warned. No agreement has been reached...

Source : Free Internet Press (subscribe)

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Merrill Lynch seeks $6bn from selling stake back to Bloomberg$ (Times Online)

Sat, 05 Jul 2008 22:19:24 GMT

MERRILL LYNCH is in talks to sell its $6 billion ($£3 billion) stake in Bloomberg back to the financial data and news company in a cash-raising move designed to shore up the American bank’s balance sheet.

Source : Times Online (subscribe)

Explore : Banking, Citigroup, Investment Brokerage, Merrill Lynch, Morgan Stanley

Merrill Lynch Turns Bullish on Philippines (prudent investor newsletters)

noreply@blogger.com (benson_te) — Fri, 04 Jul 2008 10:17:00 GMT

Investment banking heavyweight Merrill Lynch recently took a contrarian position by turning bullish on the Philippines according to the Finance Asia. Merrill increased weightings on the country following the improvements in the company’s composite valuations which makes the Philippines the third most attractive market following Australia and Taiwan . While Merrill sees rising oil prices as...

Source : prudent investor newsletters (subscribe)

Explore : Asia, Banking, Merrill Lynch, Philippines

Merrill In Talks To Dispose Off Bloomberg Stake (Paidcontent)

Sat, 05 Jul 2008 17:54:58 GMT

As has been rumored fro a few weeks now, Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg, as the cash-strapped investment firm is loking for ways to raise more money, reports NYP . A blind trust run by Mayor Michael Bloomberg, the founder, is emerging as the probable buyer. Merrill owns a 20 percent stake in the financial data provider, and provided seed money in...

Source : Paidcontent (subscribe)

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Merrill nears deal to sell Bloomberg stake: report (Reuters UK)

Fri, 04 Jul 2008 18:26:50 GMT

NEW YORK (Reuters) - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.

Source : Reuters UK (subscribe)

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Merrill nears deal to sell Bloomberg stake: report (Reuters)

Fri, 04 Jul 2008 18:01:28 GMT

Source : Reuters (subscribe)

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Investor Group led by Teachers' Private Capital and Providence Equity Partners enter into final agreement with BCE (The Earth Times Online Newspaper)

Fri, 04 Jul 2008 13:27:38 GMT

TORONTO, July 4 /PRNewswire/ - Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc., Madison Dearborn Partners, LLC and Merrill Lynch Global Private Equity today issued the following stat...

Source : The Earth Times Online Newspaper (subscribe)

Explore : BCE Inc., Merrill Lynch, Morgan Stanley, Telecommunication, Telecommunication Companies

UniCredit appoint Hammond and Lim as market heads (Banking Times: Daily Banking News)

Fri, 04 Jul 2008 10:41:46 GMT

UniCredit Markets & Investment Banking (MIB) has announced the appointment of Mike Hammond and TJ Lim as co-heads of Markets. Hammond first joined MIB in August of last year, leaving behind Merrill Lynch, where he held a range of senior positions. He brings more than two decades of experience to his new position. Lim joins from NewSmith Capital [...]

Source : Banking Times: Daily Banking News (subscribe)

Explore : Banking, Merrill Lynch

Merrill said in talks to sell Bloomberg stake back to mayor (Market Watch)

Fri, 04 Jul 2008 10:03:00 GMT

LONDON (MarketWatch) -- Merrill Lynch is in talks to sell its minority stake in financial news group Bloomberg L.P. back to New York City Mayor Michael Bloomberg, according to a published report on Friday.

Source : Market Watch (subscribe)

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GM bankruptcy not impossible, analyst says (Turkish daily news)

Fri, 04 Jul 2008 08:25:36 GMT

General Motors, battered by the slowest U.S. sales market in 15 years, faces the possibility of bankruptcy and may need to raise as much as $15 billion, a Merrill Lynch & Co. analyst said. The

Source : Turkish daily news (subscribe)

Explore : Conglomerates, General Motors, Merrill Lynch, Turkey

No Country For Old Men II (The Nattering Naybob Chronicles)

Fri, 04 Jul 2008 07:45:00 GMT

A follow up to last Saturday's No Country For Old Men ... The biggest bear market in Treasuries since 2004, may get worse. Investors have lost 2.9% on average since March, including reinvested interest, according to Merrill Lynch & Co.'s Treasury Master Index. That's the worst performance since the second quarter of 2004, when they tumbled 3.1%. In the second halves of 1994 and 1999, U.S. government...

Source : The Nattering Naybob Chronicles (subscribe)

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MERRILL-GO-ROUND (New York Post)

Fri, 04 Jul 2008 07:42:27 GMT

Merrill Lynch is inching closer to offloading its stake in financial information giant Bloomberg LP, and a blind trust run by Mayor Bloomberg is emerging as the probable buyer, sources tell The Post. The sale is part of a broader plan by...

Source : New York Post (subscribe)

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SWF's (Sound Of Cannons)

Thu, 03 Jul 2008 22:05:00 GMT

Elsewhere in the equities market, Kuwait’s sovereign wealth fund bought $5 billion worth of U.S. financials. According to a statement from the Kuwait Investment Authority, the SWF bought $3 billion of Citigroup and $2 billion worth of Merrill Lynch when both companies were raising funds in January. The two banks hinted then that Kuwait played a role in their emergency offerings, but didn’t disclose...

Source : Sound Of Cannons (subscribe)

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Merrill may see another downgrade on writedowns (Reuters UK)

Thu, 03 Jul 2008 19:04:00 GMT

NEW YORK, July 3 (Reuters) - Forecasts for huge second quarter writedowns at Merrill Lynch & Co. have intensified concerns Moody's Investors Service may cut its debt rating, compounding the brokerage's problems with higher borrowing costs.

Source : Reuters UK (subscribe)

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GM stock drops below $10 per share (Autoblog)

Thu, 03 Jul 2008 19:02:00 GMT

Filed under: Plants/Manufacturing , GM , Earnings/Financials After Merrill Lynch hinted bankruptcy concerns yesterday, and other Wall Street analysts spread additional gloom, shares of General Motors dropped $1.77 to close at $9.98 -- GM's lowest close in more than 50 years. While GM stock on Tuesday showed a bit of promise on the news that sales only dropped 18.2 percent in June ( yes, it...

Source : Autoblog (subscribe)

Explore : Cars, Conglomerates, General Motors, Merrill Lynch

Banking & Finance: BSP may raise rates by 100bps (Business World)

Thu, 03 Jul 2008 17:49:34 GMT

AMERICAN banking giant Merrill Lynch sees the central bank raising its key policy rates by 100 basis points (bps) before yearend to temper surging inflation.

Source : Business World (subscribe)

Explore : Banking, Merrill Lynch, Philippines

Irish Life & Permanent acquires ownership of Springboard Mortgages (Banking Business Review)

Thu, 03 Jul 2008 16:43:00 GMT

Irish Life & Permanent and Merrill Lynch have concluded a transaction which sees Irish Life & Permanent acquire the 50% stake held by Merrill Lynch in the niche mortgage lender Springboard Mortgages.

Source : Banking Business Review (subscribe)

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No Quick Fix for Country (All Africa)

Thu, 03 Jul 2008 13:19:33 GMT

IT's awfully depressing in global markets right now with General Motors possibly going bankrupt, Merrill Lynch pegged to announce huge losses and equity markets tumbling.

Source : All Africa (subscribe)

Explore : Business, Conglomerates, General Motors Corporation, Merrill Lynch, South Africa