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Selected and fresh photos from around the web.

  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • Russian President Dmitry Medvedev, right, and Indian Prime Minister Manmohan Singh, arrive for a meeting in New Delhi, India, Friday, Dec. 5, 2008. Medvedev, on his first visit to India as president, said Russia can help India fight terrorism and investigate the deadly attacks in Mumbai. From AP Photo by Gurinder Osan.

      Russian President Dmitry Medvedev, right, and Indian Prime Minister Manmohan Singh, arrive for a meeting in New Delhi, India, Friday, Dec. 5, 2008. Medvedev, on his first visit to India as president, said Russia can help India fight terrorism and investigate the deadly attacks in Mumbai.

    • Father Laurent Chu Van Minh, the newly ordained Catholic Auxiliary Bishop of the Hanoi Diocese, smiles after his consecration ceremony at Nam Dinh Church, 90 km (56 miles) outside Hanoi December 5, 2008. Father Laurent worked as a barber and teacher for 32 years before he was consecrated as a priest in 1994 at the age of 51. Vietnam has 8 million Catholics, the second largest community in Asia after the Philippines. From Reuters Pictures by REUTERS.

      Father Laurent Chu Van Minh, the newly ordained Catholic Auxiliary Bishop of the Hanoi Diocese, smiles after his consecration ceremony at Nam Dinh Church, 90 km (56 miles) outside Hanoi December 5, 2008. Father Laurent worked as a barber and teacher for 32 years before he was consecrated as a priest in 1994 at the age of 51. Vietnam has 8 million Catholics, the second largest community in Asia after the Philippines.

    • NEW YORK - DECEMBER 04:  Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City. From Getty Images.

      NEW YORK - DECEMBER 04: Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City.

  • Recently starred
    • A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93. From Reuters Pictures by REUTERS.

      A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.

    • A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008. From Getty Images by AFP/Getty Images.

      A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.

    • Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009. From Getty Images by AFP/Getty Images.

      Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.

    • People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march. From Reuters Pictures by REUTERS.

      People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.

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Merrill Lynch / Articles Organization

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...have already cut thousands of investment banking jobs over the past year. The deal would not come without risks, however. Merrill Lynch, like many of its Wall Street peers, has been struggling with tight credit markets and billions of dollars in assets ...
...is looking at raising capital through the sale of a number of non-essential businesses, also confirmed that it was selling Merrill Lynch Capital to GE Capital for an undisclosed amount. Other assets also could be sold before Merrill closed its end-of-year...
...liquidity and capital. He has also flattened the firm’s reporting structure to “reduce the siloing that has taken place at Merrill Lynch over the last few years,” he said. Picking up the pieces is nothing new for Mr. Thain. In his previous job as chief of...
...Initially, it was well protected from credit risk in this underwriting. The protection frayed at the start of 2006. But Merrill kept playing the game. By early 2007, as cracks in the housing and mortgage markets widened, Merrill again missed a chance to scale...
...about 650 positions at its San Jose, Calif.-based subprime mortgage lender, First Franklin, and shed others by selling Merrill Lynch Capital, a lender to medium-size companies. Merrill will record a $350 million charge in the second quarter related to the...
...fray and was investigating the deal. After initially denying anything was amiss, Merrill admitted that two brokers from Merrill Lynch in Albany, New York screwed up in Springfield. The brokers had been dismissed and Merrill would reimburse Springfield for...
...would buy ASTAR out of its ARS positions between auctions in the event that ASTAR required instant access to its funds. Merrill Lynch's refusal to do so constitutes a blatant breach of its verbal agreement with ASTAR. -- Violation of Florida's Securities...
...hours later, John A. Thain, the chief executive of Merrill Lynch, climbed a stage in Manhattan and told his employees, most of whom he had barely gotten to know during his brief tenure, that he was selling the troubled firm to the Bank of America Corporation. Although...
...with the Federal Reserve, and for the government to disclose its intentions with respect to A.I.G. In the meantime, Merrill Lynch on Thursday filed its own agreement to be acquired by Bank of America. A gold star to Merrill for doing so a day earlier than...
...America’s most famous brokerage house, whose ubiquitous corporate logo was a hard-charging bull. “The mortgage business at Merrill Lynch was an afterthought — they didn’t really have a strategy,” said William Dallas, the founder of Ownit Mortgage Solutions,...

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