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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Bond worries hitting brokerages
J.P Morgan fell 5%, Lehman fell 3% and Bear Stearns also fell 3% after analysts questioned whether this year's good times can go on much longer. The banks have ridden high on rising bond rates and a mortgage-lending frenzy. But bond prices have fallen since June and mortgage rates are creeping up, dampening home lending.
Merrill boss forced out Patrick
Merrill Lynch CEO Stan O'Neal forced No. 2 Thomas Patrick out after Patrick advocated a CEO succession plan O'Neal didn't support, sources said. Patrick wanted to promote Arshad Zakaria, head of global markets and investment banking unit, to president, putting him next in line as CEO. Patrick abruptly quit as vice chairman July 29.
Lose the faith, lose the M&A deals
Wall Street firms that fired or lost top talent amid the downturn saw their share of merger and acquisition deals fall in the recent uptick, as peers enjoy a miniwindfall. Dealogic data show Lehman's share of deals to be half of what it was in '00, while Merrill Lynch has fallen to 1% from 11%. ...
- ON24 Audio Investor Alert: Merrill Lynch CEO: This Isn't A Merger!
- Press release article from: Business Wire April 18, 2000 700+ words
...Analysts --(BUSINESS WIRE) Merrill Lynch CEO David Kamanski tells an entertained...press the joint venture between Merrill Lynch and HSBC Holdings of the UK...Ticker: (NYSE:MER) Company: Merrill Lynch To personalize your free audio...
- Merrill Lynch CEO Says He Hopes to Win Speedy Settlement with New York.
- Newspaper article from: Knight Ridder/Tribune Business News April 30, 2002 700+ words
...Ridder/Tribune Business News Apr. 30--Besieged Merrill Lynch CEO David Komansky took to the airwaves yesterday to say...ratings to win and retain investment banking business. Merrill Lynch has so far figured most prominently in the inquiry...
- Stanley O'Neal Took an ax... Merrill to cut up to 300 investment...
- Magazine article from: Investment Dealers' Digest December 9, 2002 700+ words
Merrill Lynch CEO Stanley O'Neal finally stepped into the official CEO shoes last week and continued his hard-hitting reorganization of Merrill...
- Merrill Lynch CEO Urges Business to Continue to Support Strong Educational...
- Press release article from: Business Wire August 1, 2000 700+ words
...Students From Across US Participating in Merrill Lynch-NUL ScholarshipBuilder Program David...chairman and chief executive officer of Merrill Lynch (NYSE:MER) today urged Americans...United States that participated in Merrill Lynch's acclaimed "ScholarshipBuilder...
- Merrill Lynch CEO to visit S. Korea amid lingering subprime woes.
- News wire article from: YON - Yonhap News Agency of Korea August 20, 2008 700+ words
...chairman and chief executive officer of Merrill Lynch, will visit South Korea next month...former NYSE CEO assumed the helm of Merrill Lynch in December after the U.S. investment...preferred shares into common ones in Merrill Lynch to curtail mounting losses from exposure...
- MERRILL LYNCH CEO TO VISIT S. KOREA AMID LINGERING SUBPRIME WOES.
- News wire article from: AsiaPulse News August 20, 2008 700+ words
...chairman and chief executive officer of Merrill Lynch, will visit South Korea next month...former NYSE CEO assumed the helm of Merrill Lynch in December after the U.S. investment...preferred shares into common ones in Merrill Lynch to curtail mounting losses from exposure...
- Merrill Lynch CEO Touts Globalization to Miami Chamber of Commerce.
- Newspaper article from: Knight Ridder/Tribune Business News October 2, 2003 700+ words
...The chairman and chief executive of Merrill Lynch, told the Greater Miami Chamber of...They said, 'What's up? I saw Merrill Lynch in the paper yesterday.'" But Henzlik...communications and public affairs at Merrill. "Merrill Lynch stepped up to the plate and cooperated...
- ADVISORY/Merrill Lynch CEO David H. Komansky to be Keynote Speaker At National...
- Press release article from: Business Wire July 31, 2000 700+ words
...BUSINESS WIRE)--July 31, 2000 Merrill Lynch chairman and CEO David H. Komansky...Luncheon here on Tuesday, August 1. Merrill Lynch is a co-sponsor of the conference...a joint National Urban League and Merrill Lynch effort that 12 years ago promised 250...
- REMINDER/Merrill Lynch CEO David H. Komansky to be Keynote Speaker At National...
- Press release article from: Business Wire August 1, 2000 700+ words
...BUSINESS WIRE)--Aug. 1, 2000 Merrill Lynch chairman and CEO David H. Komansky...Luncheon here on Tuesday, August 1. Merrill Lynch is a co-sponsor of the conference...a joint National Urban League and Merrill Lynch effort that 12 years ago promised 250...
- Merrill cinch. (interview with Merrill Lynch CEO David Komansky)(Cover...
- Magazine article from: Chief Executive (U.S.) Donlon, J.P. March 1, 1998 700+ words
...Recent conditions have been ideal for Merrill Lynch in its push to become a global financial...Last year wasn't too shabby for Merrill Lynch & Co. Earnings reached a record...management, anti portfolio service fees. Merrill Lynch is the first brokerage firm to have...
