Search Results for: MEI
Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has added to his position of company stock. In a show of force to show that he doesn’t want further share erosion or that...
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It would be nice to think that John Thain, wonder boy from Goldman Sachs (GS) and NYSE (NYX) can do a lot over the next couple of months to "fix" Merrill Lynch (MER). But, the board and...
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As 24/7 Wall St. pointed out yesterday, financial matter are getting dire at newspaper chain McClatchy (MNI). October sales were off almost 10%. The stock hit a 52-week low of $14.07 on the news. The...
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The news about the demise of newspapers is now at least two years old. Each month newspaper chains put out their advertising numbers and each month they are worse. The only real question about the...
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Merrill Lynch (NYSE:MER) sold the city of Springfield Mass a financial instrument which lost 90% of its value. According to The Wall Street Journal "Merrill violated state law by not properly...
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People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they will probably do the same about the big 600 point turnaround on Wall St. that moved the...
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Eliot Spitzer, former prosecutor and now governor of New York State, will ape comments made by Deutsche Bank (DB) Chief Executive Josef Ackermann. If bond insurers fail its will create a...
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The US Environmental Protection Agency has sent a letter to two offices of the Army Corps of Engineers related to “potential harmful impacts on water quality” at two surface coal mine operations,...
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Benefitting from the investment banking boom, Merrill Lynch (MER) posted better than expected earnings for Q2. Revenue rose 19% to $9.7 billion. Net earnings rose 31% to $2.1 billion. Revenue at the...
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In a saga going back to last autumn, Men's Wearhouse announced Tuesday morning that it has entered a definitive agreement to acquire Jos. A. Bank Clothiers in an all-cash deal for $65.00 a share, or...
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After taking Merrill Lynch’s (MER) stock from $35 in early 2003 to $98 earlier this year, the company’s board sacked CEO Stan O’Neal for one bad quarter. O’Neal came across as...
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Merrill Lynch (NYSE:MER) has finally announced a part of the inevitable. Stan O’Neal is retiring effective immediately, which we all know is a mutual resignation and firing after the...
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McClatchy posted disastrous advertising revenue numbers for May. Total ad sales at the company fell 16.6%. Total revenue was down.15.1%. With the top line falling that fast, it is hard to say how...
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MBIA Inc. (NYSE: MBI) decided to speak out against some recent speculation and some recent reporting on its overall health. The company has said that as a result of Moody’s downgrade of MBIA...
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In an ironic bit of sloganeering, the current Merrill Lynch (MER) corporate promotion is "Even In Today’s Economy, There Are Smart Places For Your Money." It may not be lost on the shareholders of...
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