...suspend its dividend. The energy sector led the market's retreat, off 2.7 per cent overall, as oil approached $45 a barrel and Merrill Lynch warned it could fall as low as $25 next year. Dupont gained 0.25 per cent after the chemical maker said it would cut...
...1,300bp yesterday. That priced the chances of default at around the same as some of the most distressed US life names, Merrill Lynch highlighted. The broker repeated "underperform" advice. "Trading conditions are very poor across most of Old Mutual's businesses...
...terms, according to the latest annual World Wealth report by the French consultants Capgemini and the US investment bank Merrill Lynch. (Merrill Lynch was one of the victims of the subprime crisis and has since been absorbed by Bank of America.) Overall the...
...costs of £98m. Along with the acquisition of a distribution centre, Morrison is to spend £403m. John Kershaw, analyst at Merrill Lynch, said the transaction showed "Morrison's ambition but at a price". He reckoned the deal, which involves smaller stores than...
...every layer, just couldn't resist the amounts of money they made by looking the other way. The size of huge companies, like Merrill Lynch and Citibank, make it too tempting for too many people to always be thinking, "What's in this for me?" There's no incentive...
...days on Thursday, pushed down by concern General Motors Corp. may file for bankruptcy and a plunge in energy shares following Merrill Lynch & Co.'s prediction that oil will hit $25 a barrel. GM lost 16 percent after a person familiar with the matter said the...
...cut the forecast for earnings because of the worsening damage to the company's reputation in recent months. Last month, Merrill Lynch analysts Keiren Chidgey and Naveen Patney moved B&B to "No Rating" because the company was likely to breach debt covenants...
...evident today, however, as the dollar index shed only 0.2%. And, as mentioned above, commodities had another brutal day. Merrill Lynch put out a report saying crude oil might fall to $25/bbl., a prospect that sent a shudder through the energy pits. The CRB...
...Ten days after striking his September deal to buy Merrill Lynch & Co., Bank of America Corp. Chief Executive Kenneth Lewis told a group of Merrill's best stockbrokers that this takeover likely would be his last. Whether Merrill goes down in history as the...
...that they have sway over other elements of our economy. These ideologues seem to understand this when Bear Stearn, A.I.G, Merrill Lynch and other investment banks were being threaten of losing their lives in our laissez faire economy. Yes, they may have let...