Results for 2007 October
O'Neal Finally Out at Merrill Lynch
By Jason Simpkins
And William Patalon III
Money Morning Editors
Just days after reporting the biggest quarterly loss in its history, Merrill Lynch & Co Inc. (MER) yesterday (Tuesday) forced out Chairman and Chief Executive E. Stanley “Stan” O’Neal, ending days of speculation…
Global Investing Roundup
UBS Takes Credit Hit; Commodity Prices Dampen China Earnings; Bancolumbia Income Up 45%; HSBC Sells Credit Cards; Morgan Stanley Buys Japanese Beer…
- Swiss banking giant UBS AG (UBS) said yesterday (Tuesday) that it experienced a third-quarter net loss of $712 million, due…
General Motors Shifts into Growth Mode by Driving a Cleanup Effort in China
By Jason Simpkins
Associate Editor
Most experts view the pollution problem in China as one of the world’s biggest problems. But General Motors Corp. (GM) Chief Executive Officer Rick Wagoner views it as one of the world’s biggest business opportunities.
With incomes soaring…
DP World's IPO May Trigger Billions in Investments of State-Controlled Companies
By Mike Caggeso
Associate Editor
After years of amassing a diverse portfolio, Dubai’s state-controlled holding company, Dubai World, is planning a Nov. 4 initial public offering of one of its subsidiaries, DP World, the world’s fourth-largest port operator.
The IPO would…
Why This "Bernanke Put" Could Make for the Scariest Halloween Ever
By Keith Fitz-Gerald
Contributing Editor
The markets are clearly counting on the “Bernanke Put,” which is how market insiders refer to the Federal Funds rate cut nearly everyone is hoping for today (Wednesday).
I have to say that I’m dumbfounded.
I simply can’t understand…
Global Investing Roundup
Crude Surges as PEMEX Stumbles; Mitsubishi Electric Boosts Outlook; Fushi Finalizes Deal; Oriental Financial Reports Stellar Quarter
From Staff Reports
- Crude-oil futures roared past $93 a barrel for the first time ever yesterday (Monday), closing at a record $93.53 a barrel on…
The Two Ways the Global Shipping Sector Can Deliver Bulk Investment Profits
One shipping company’s stock is up 588% percent year-to-date. Another is up 149%. A special report developed jointly by Eoin Gleeson at our U.K. affiliate, MoneyWeek Magazine, and Money Morning Associate Editor Mike Caggeso, explains why the maritime shipping industry is about to…
Embattled Merrill Lynch CEO Ousted Over Losses, Merger Overtures
By Jason Simpkins
And William Patalon III
Money Morning Editors
Stan O’Neal, the embattled chief executive officer of Merrill Lynch & Co. Inc. (MER) will be ousted at any time, with only the terms of his departure still to be finalized, according to…
Could Goldman Sachs Explode? How to Dodge the Ongoing Mortgage Mess
Layoffs Hit an All-Time High in Financial Services Sector
By Jason Simpkins
Associate Editor
Merrill Lynch & Co. Inc. (MER) Chairman and CEO Stan O’Neal isn’t the only worker in the U.S. financial-services sector with a job-security issue. Indeed, once his ouster becomes official, O’Neal will become just one more…
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