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| Economy Shows New Signs Of Stress |
| Published: October 25, 2007, 12:00 am |
| Tags: Economy, Shows, New, Signs, Stress, Bank Of America Corporation, Merrill Lynch Amp Co Inc, United States, Citigroup Inc, Dow Jones Amp Co Inc, Wachovia Corporation, Stuart G Hoffman, National Association Of Realtors, U S Federal Reserve, Capital One Financial Corpor |
| Many of the nation's biggest companies have cut back their sales expectations in recent days and the financial system is showing signs of new stress, evidence that the U.S. economy is more threatened by the sharp downturn in housing than it appeared to be only a few weeks ago. |
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| Time to Stand Up to Wall Street |
| Published: October 31, 2007, 12:00 am |
| Tags: Time, Stand, Wall, Street, Wall Street, Ben Bernanke, U S Federal Reserve, United States, Merrill Lynch Amp Co Inc, Steven Pearlstein, Look Wall Street |
| Remember all those stories about how the nose dive in financial markets was the first big test for Federal Reserve Chairman Ben Bernanke, the academic economist who was still developing his feel for the interplay between the central bank and Wall Street? |
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| Merrill CEO Steps Down, Leaves Firm In Crisis |
| Published: October 31, 2007, 12:00 am |
| Tags: Merrill, Ceo, Steps, Down, Leaves, Firm, Crisis, Larry Fink, Goldman Sachs Group Inc, Ahmass Fakahany, John Thain, Wall Street, U S Securities And Exchange Commission, Alabama, Merrill Lynch Amp Co Inc, Nyse Euronext, Alberto Cribiore, Daniel Tully, E Stanley O Neal, Gre |
| NEW YORK, Oct. 30 -- E. Stanley O'Neal, the embattled chairman and chief executive of Merrill Lynch, stepped down Tuesday as expected, taking with him a $161.5 million retirement package and leaving behind a company facing portentous questions about its future. |
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| In Pursuit Of a Down Payment |
| Published: November 3, 2007, 12:00 am |
| Tags: Pursuit, Down, Payment, Peter Mcgarvey, Fannie Mae, Merrill Lynch Amp Co Inc, Heather Evans, Baltimore, Darrell Perry, Jeff Colacurcio, Kevin Connelly, Internal Revenue Service, National Association Of Realtors, Maryland, Bank Of America Corporation, Bb Amp T Co |
| Even for people who have money, coming up with a down payment to buy a house has become a lot more challenging in recent months. |
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| Merrill, Citigroup Ills Spread Through Sector |
| Published: November 3, 2007, 12:00 am |
| Tags: Merrill, Citigroup, Ills, Spread, Through, Sector, Citigroup Inc, Deutsche Bank Ag, Merrill Lynch Amp Co Inc, Standard Amp Poor S, The Wall Street Journal, Mike Mayo, U S Securities And Exchange Commission, Cibc World Markets Corp, Dow Jones Amp Co Inc, Gimme Credit Llc |
| NEW YORK, Nov. 2 -- Jittery investors, ignoring better-than-expected economic data Friday, pummeled shares of financial companies and fled to safer investments as a slew of negative news on Wall Street investment banks heightened fears about just how ugly things might get in the credit market. |
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| Citigroup CEO Resigns; Former Treasury Chief Named Chairman |
| Published: November 5, 2007, 12:00 am |
| Tags: Citigroup, Ceo, Resigns, Former, Treasury, Chief, Named, Chairman, Citigroup Inc, Charles Prince, Robert Rubin, Goldman Sachs Group Inc, Merrill Lynch Amp Co Inc, Bill Clinton, E Stanley O Neal, Sandy Weill, Wall Street, Win Bischoff |
| NEW YORK, Nov. 4 -- Citigroup has installed former Treasury secretary Robert Rubin as chairman after the widely anticipated resignation of Charles Prince, the embattled chairman and chief executive who faced mounting criticism in the wake of a $6.5 billion write-down for the third quarter. |
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| Citigroup Faces an Uncertain Future |
| Published: November 6, 2007, 12:00 am |
| Tags: Citigroup, Faces, Uncertain, Future, Citigroup Inc, Charles Prince, Robert Rubin, Gary Crittenden, Wall Street, Sandy Weill, Tennessee, Cnbc Inc, Goldman Sachs Group Inc, Merrill Lynch Amp Co Inc, Nyse Euronext, Punk Ziegel Amp Company, The Wall Street Journal, Time Wa |
| NEW YORK, Nov. 5 -- The day after beleaguered Citigroup acknowledged as much as $11 billion in additional losses and said its chief executive was stepping down, the investment bank's interim leadership took questions from analysts trying to determine how much worse things could get. |
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| Citigroup and Prince: Too-Risky Business |
| Published: November 7, 2007, 12:00 am |
| Tags: Citigroup, And, Prince, Too Risky, Business, Charles Prince, Citigroup Inc, Wall Street, Enron Corporation, Merrill Lynch Amp Co Inc, Jared Harris, Robert Carraway, Sandy Weill, Charlottesville, Mci Inc, Dallas, Latin America, Steven Pearlstein, Darden School Of Business |
| CHARLOTTESVILLE Poor Chuck Prince. For the past five years, he thought his job was to clean up the ethical mess at Citigroup left by his longtime friend and patron Sandy Weill. As Weill was taking his leave of the financial behemoth he had created, state and federal officials were moving to put ... |
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| Capital One Stock Suffers |
| Published: November 9, 2007, 12:00 am |
| Tags: Capital, One, Stock, Suffers, Capital One Financial Corporation, Peter Schnall, Michael Tarsala, U S Securities And Exchange Commission, Louisiana, Texas, Citigroup Inc, Friedman Billings Ramsey Group Inc, Merrill Lynch Amp Co Inc, Morgan Stanley, North Fork Bancorpora |
| Shares of Capital One Financial have taken a beating this week as analysts cast a more pessimistic eye on the company's outlook for further losses in its lending portfolio. |
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| No Payback for Chiefs When Profit Evaporates |
| Published: November 13, 2007, 12:00 am |
| Tags: Payback, For, Chiefs, When, Profit, Evaporates, Stan O Neal, Charles Prince, Citigroup Inc, Fortune Magazine, Merrill Lynch Amp Co Inc, Allan Sloan, Wall Street |
| Even if you flame out on Wall Street, you still get to keep the money. That's one of the lessons we learn from the fall of Chuck Prince and Stan O'Neal, who have bitten the dust because Citigroup and Merrill Lynch had to take billions of dollars in losses on securities that were overvalued on their... |
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| A Year Later, Prosecutors Fight To Keep Enron's Skilling in Prison |
| Published: November 14, 2007, 12:00 am |
| Tags: Year, Later, Prosecutors, Fight, Keep, Enron S, Skilling, Prison, Enron Corporation, Jeffrey K Skilling, Minnesota, Arthur Andersen Llp, Dynegy Inc, Merrill Lynch Amp Co Inc, O Melveny Amp Myers Llp, Doug Wilson, Houston, U S Court Of Appeals, U S Department Of Jus |
| Nearly a year after Enron's Jeffrey K. Skilling walked into prison for his role in one of the era's most devastating corporate scandals, the federal government unexpectedly finds itself fighting to keep him behind bars until his sentence ends in 2028. |
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| At Home, but Not in Their Own |
| Published: November 25, 2007, 12:00 am |
| Tags: Home, But, Not, Their, Own, Heather Evans, Sheryl Bottner, Susan Black, Gregory Leisch, Mike Larson, Susan Raneri, Kool Aid, Arizona, Economy Com Inc, Fannie Mae, Freddie Mac Holdings, Merrill Lynch Amp Co Inc, Adams Morgan, Alexandria, Baltimore, Duncan Chaplin, George |
| At 48, Sheryl Bottner is still a renter, and she's proud of it. In fact, she has no intention of buying a home. Not now. Not ever. |
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| Signs Are Pointing South on Wall St. |
| Published: November 27, 2007, 12:00 am |
| Tags: Signs, Are, Pointing, South, Wall, United States, Wall Street, U S Federal Reserve, Standard Amp Poor S, David A Wyss, Economy Com Inc, Fannie Mae, Financial Times Ltd, Freddie Mac Holdings, Merrill Lynch Amp Co Inc, Mesirow Financial Holdings Inc, Morgan Stanley |
| Wall Street is betting on a recession. Investors in stocks and bonds are paying prices that indicate they believe a snowballing housing crisis and worsening credit crunch will soon tip the U.S. economy into a recession, analysts said. Many economists, including leaders of the Federal Reserve, don't... |
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| A Newly Opened Investment Tax Gift |
| Published: November 27, 2007, 12:00 am |
| Tags: Newly, Opened, Investment, Tax, Gift, Barclays Plc, Merrill Lynch Amp Co Inc, David Hariton, Bear Stearns Amp Co Inc, Fortune Magazine, Lehman Brothers Inc, Allan Sloan, Andrew Desouza, Robert Willens, U S Department Of The Treasury, U S House Committee On Ways And Me |
| Thanksgiving has just passed; the year-end holidays are around the corner. So in the spirit of the season, I've got a gift for you. Sort of. It's not spiritual or religious, and doesn't even involve food. It's about money. To be specific, it's a way that average investors may one day be able to... |
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| Merrill Lynch President Ahmass Fakahany Sells One of His Little Italy Co-ops for $3 M. |
| Published: November 27, 2007, 7:18 pm |
| Tags: Real Estate, Ahmass Fakahany, Merrill Lynch Amp Amp Co Inc |
| a top-ranking executive at Merrill Lynch, and wife Alsun Keogh have sold off one of their apartments at the Police Building, the baroque law enforcement HQ turned co-op at 240 Centre Street. Their buyers, Mariangela Ventura and Paolo Nicola Rossini, spent $2.93 million. The Merrill couple has at least one other unit in the building city |
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