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Optimism about global economy is growing A new survey by Banc of America Securities-Merrill Lynch showed optimism among portfolio managers about the chances for global economic recovery rising to their highest level in nearly six years. Three-quarters...
Tags: Judge Jed Rakoff, Chrysler Group LLC, Daimler AG, Sony Corp., Bank of America Corp., Merrill Lynch, Kindle, district judge, ConocoPhillips, million settlement
The company posted revenue of NIS 2.94 billion in the second quarter of 2009 compared with NIS 1.78 billion in the corresponding quarter of 2008. Net profit was NIS 21.3 million in the second quarter of 2009 compared with a loss of NIS 19,000 in the corresponding...
Tags: Merrill Lynch
Former American International Group Chief Executive Maurice "Hank" Greenberg agreed to pay $15 million to settle an accounting charge by the Securities and Exchange Commission, the regulator said Thursday. Howard Smith, AIG's former chief financial officer,...
Tags: SEC American International Group, Hank Greenberg, Mr. Greenberg, Merrill Lynch, American International Group Inc, Securities and Exchange Commission, pasta earnings, chief executive, accounting charged, greenberg agreed
Bank compensation has become "unmoored" from performance and the system should be changed, the New York Attorney General's office concluded Thursday after a nine-month investigation of the industry's pay practices...Citigroup /quotes/comstock/13*!c /quotes/nls/c...
Tags: Andrew Cuomo, New York Attorney General, Mr Cuomo, Merrill Lynch, general andrew, banks bonuses, relief programs, banks paid, Bank of America, Congress
Brisbane now that the Queensland Government has confirmed the appointment of Rothschild, Merrill Lynch and RBS as part of its effort to sell $15 billion of infrastructure assets...The investment banks are counting on two to three years to conduct the...
Tags: Queensland Motorways, Forest Plantations Queensland, Anna Bligh, Merrill Lynch, Rothschild, Port of Brisbane
While Paulson acknowledged in testimony prepared for delivery to a congressional panel on Thursday that he told Lewis the U.S. Federal Reserve could oust the bank's management and board if it walked away from the deal, he said Fed Chairman Ben Bernanke...
Tags: Henry Paulson, Hank Paulson, Bank of America Corp., Bank of America (BoA, Paulson Jr., Mr Paulson, Merrill Lynch, Goldman Sachs, treasury secretary, Kenneth Lewis
Bank of America Merrill Lynch has raised the 2010 global real GDP growth forecast from 3.2 per cent to 3.7 per cent. The US forecast improves from -2.6 per cent in 2009 and +1.7 per cent in 2010, to -2.1 per cent in 2009 and +2.6 per cent in 2010, according...
Tags: Merrill Lynch
Democrats and Republicans have been zeroing in on the deal at the end of 2008 to see whether Paulson, Federal Reserve Chairman Ben Bernanke and other federal officials exerted undue pressure on Bank of America to complete the deal. The testimony will...
Tags: Henry Paulson, Ben Bernanke, Bank of America, Merrill Lynch
A handful of positive earnings reports are giving investors a reason to buy stocks. Gains in homebuilders, retailers and other consumer discretionary stocks are pushing the market higher midday Thursday. Initially, investors had sent stocks lower after...
Tags: Ben Bernanke, Bank of Japan, Bank of America Corp., Merrill Lynch, consumer price, Federal Reserve, Bloomberg
The U.S. central bank kept interest rates near zero percent and signaled less concern on deflation, which is considered a threat to the economy because a pattern of falling prices causes consumers and businesses to delay purchases, dragging the economy...
Tags: Federal Reserve, U.S. Fed, Ben Bernanke, Bank of America Corp., Merrill Lynch, Labor Department, Mr. Bernanke, reserve chairman, chairman ben, central bank