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Twitter plans $1B stock market launch under TWTR symbol
CHARLOTTE, N.C., Aug. 17 (UPI) -- Bank of America Corp. says it can absorb Merrill Lynch & Co. into its corporate structure by the end of the year while keeping it as a separate brand.
Merrill Lynch, which BofA purchased during the financial meltdown of 2008-09, would operate as a separate unit within the bank, rather than as subsidiary, The Wall Street Journal reported Saturday.
The switch would allow BofA to file just one financial statement for itself and Merrill Lynch, the Journal said.
"This will have no impact on how we serve our customers and clients and will have no impact on the Merrill Lynch branded businesses," a BofA spokesman said.
BofA, which peaked with more than 4,000 subsidiaries, has been absorbing its more substantial brands.
The bank now has 1,537 subsidiaries, the Journal said.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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