Merrill Lynch and Co News

S&P DOWNGRADES RECOMMENDATION ON SHARES OF MICROSOFT TO BUY FROM STRONG BUY : June-quarter EPS of $0.46, vs.

Giant brokerage firm Merrill Lynch & Co. capped a harried quarter by announcing a net loss of $4.6 billion, or a diluted per-share loss of $4.95. Although it beat analyst expectations, which called for even ...

U.S. stock-index futures retreated after Google Inc. , Merrill Lynch & Co. and Microsoft Corp.

In this Wednesday July 16 2008 file photo, a display shows the dax-rate at the stock exchange in Frankfurt, central Germany, on Wednesday, July 16, 2008.

U.S. stock index futures turned mixed, pointing to an uncertain opening on Wall Street Friday, after Citigroup Inc.

Most Asian markets erased their early gains Friday, with volatile conditions setting in as investors turned cautious following disappointing U.S. quarterly reports by Merrill Lynch & Co., Microsoft Corp.

NEW YORK : Citigroup, the biggest U.S. bank by assets, reported its third straight quarterly loss after at least $7 billion of credit-market writedowns.

Wall Street headed for a higher open Friday after Citigroup Inc. issued a better-than-expected earnings report, offsetting disappointing results from several other big companies.

BlackRock Inc. , the largest publicly traded U.S. asset manager, said second-quarter earnings rose 23 percent after attracting investors seeking to weather the crisis in the financial markets.

DUBAI : Bathed in the glow of the skyline's glitter, the centerpiece of Dubai's financial hub seems equal to the thrusting ambitions of the foreign investment bankers rushing to set up shop here.

The third-largest U.S. bank, which bought Bear Stearns Cos. in May, had until now mostly sidestepped the credit crisis that has seen massive write-downs for Wall Street firms.

Merrill Lynch & Co. has ended talks with the Port Authority and the developer Larry Silverstein over moving to the World Trade Center site.

TAKING THE PULSE: Investors are bracing for more bad news from the biggest U.S. commercial banks and brokerage Merrill Lynch & Co.

The U.S. Securities and Exchange Commission subpoenaed Wall Street's biggest firms and hedge-fund advisers in a widening effort to crack down on suspected manipulation of Lehman Brothers Holdings Inc.

U.S. stocks declined after analysts said a slowing economy may hurt sales at Cisco Systems Inc.

Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings Inc.

Last evening I went to bed with the futures soaring as if an unlimited government bailout of Fannie Mae and Freddie Mac was a good thing.

Jefferson County, Ala., commissioners yesterday fired top negotiators working on the county's $3.2 billion sewer debt crisis, including Merrill Lynch & Co.

With the Goldilocks economy long gone, investors this week will wrestle again with the three bears of financial markets -- banking woes, slow-to-stagnant economic growth and rising inflation.

The dike might be cracking on the U.S. financial system and U.S. regulators are trying to figure out how to make sure it doesn't burst.