Highlights
A collection of news and information related to Merrill Lynch & Company Inc. published by Tribune Company sources.
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Pair charged in fraud
Associated PressFederal prosecutors and regulators accused two former Wall Street brokers yesterday of defrauding customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. In an indictment unsealed in federal court in...Tags: Morgan Stanley Dean Witter & Company, Local Authority, Prosecution, Fraud, The Goldman Sachs Group Incorporated
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Google trying to cut into Microsoft's pie
Of Bloomberg NewsGoogle Inc., owner of the most popular Internet search engine, introduced a free Web browser to challenge Microsoft Corp.'s decade-long dominance of the market. The program, known as Chrome, shows a series of links to a user's most visited Web pages on...Tags: Hewlett-Packard Co., Lehman Brothers Holdings Incorporated, Software Industry, Networking, Softball
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Google to debut own browser
Bloomberg NewsGoogle Inc., owner of the most popular Internet search engine, will offer its own free Web browsing software to challenge Microsoft Corp. The browser, known as Chrome, will be available as a test version for download Tuesday in more than 100 countries,...Tags: Software Industry, Google Inc., Computing and Information Technology, Networking, Internet
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S. Korean lender in talks for Lehman
Associated PressThe head of Korea Development Bank said early today that the state-owned lender is in talks to acquire troubled U.S. investment bank Lehman Brothers, South Korea's Yonhap news agency reported. KDB Governor Min Euoo-sung said discussions were under way...Tags: Lehman Brothers Holdings Incorporated, Investment Service, Banking, Business Enterprises, Investments
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SEC paves way for switch to international accounting system
The Associated PressWASHINGTON -- Federal regulators Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014. The push by the...Tags: Morgan Stanley Dean Witter & Company, Standards, Colgate-Palmolive Company, The Goldman Sachs Group Incorporated, Allianz AG Holding
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Stocks Fall on Drop Among Financials
Associated PressNEW YORK -- Stocks are ending sharply lower after worries about American International Group Inc. are stirring concerns about the financial sector. New York-based AIG fell Monday following an analyst's decision to cut his price target on the world's...Tags: Stocks, Financial Markets, New York Stock Exchange, J.P. Morgan Chase & Co., Stock Broking
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Wall Street takes surprise flight
Of The Associated PressWall Street posted a big advance after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than many investors thought. The Commerce Department said orders for durable...Tags: Stocks, U.S. Airways Group Incorporated, Energy Saving, Hurricane Gustav, Stock Activities
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3 firms settle claims on auction-rate securities
Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank have joined other major financial companies in settling with regulators over their roles in selling risky auction-rate securities to retail investors. The agreements bring to eight the...Tags: Punishment, The Goldman Sachs Group Incorporated, Credit Ratings, Fines, Auction Service
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N.Y. regulators to sue Merrill Lynch over auction-rate securities
New York Atty. Gen. Andrew Cuomo said Friday that he is sending a letter to Merrill Lynch & Co. notifying the investment bank his office will file suit against it as part of a wide-ranging investigation into the collapse of the auction-rate securities...Tags: Financial Markets, New York, Credit Ratings, Auction Service, Wachovia Corp.
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Auction-rate securities probe widens
Regulators looking into the auction-rate securities debacle have turned their attention to nearly 40 brokerages that might have sold the paper to clients but didn't underwrite it. Investigators from the Financial Industry Regulatory Authority plan to...Tags: New York, The Goldman Sachs Group Incorporated, Ameritrade Holding Corporation, Stock Broking, Deutsche Bank AG
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Securities sweep widens to 40 firms
Tribune NewspapersNEW YORK — Regulators looking into the auction-rate securities debacle have turned their attention to nearly 40 brokerages that might have sold the paper to clients but didn't underwrite it. Investigators from the Financial Industry Regulatory...Tags: The Goldman Sachs Group Incorporated, Credit Ratings, Stock Broking, Auction Service, Deutsche Bank AG
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Nokia's Prospects May Be Brighter
I am disappointed with the performance of my Nokia Corp. shares this year. Will they be doing any better? — L.H. The world's largest maker of mobile phones recently signed a major deal that could boost its lagging U.S. sales. It signed a 15-...Tags: LM Ericsson Telephone Company, Sony Corp., Morningstar Incorporated, Citigroup Incorporated, Freddie Mac
Sep 4, 2008
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Sep 3, 2008
|Story| Allentown Morning Call
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Aug 28, 2008
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Aug 25, 2008
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Aug 28, 2008
|Story| Allentown Morning Call
Aug 22, 2008
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Aug 24, 2008
|Story| Hartford Courant
