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Market skid turns around in late trading ... Spending cuts don't scare Wall Street ... Carlos Slim still world's richest man ... Truckers in Colombia begin strike ... News from United Press International.
Spending cuts don't scare Wall Street

Spending cuts don't scare Wall Street

NEW YORK, March 4 (UPI) -- Market analysts are saying U.S. corporations will continue to thrive despite federal spending cuts, even as the job market languishes.

College official kills himself

BENNINGTON, Vt., Feb. 22 (UPI) -- A former acting president of a Vermont college, under investigation for embezzlement, has died in an apparent suicide, police said.

The status quo

Asking how Tim Geithner did as the U.S. treasury secretary, one week after he has stepped down, is a question of tone and detail.
ANTHONY HALL, United Press International

N.Y. state's top employer is healthcare

ROCHESTER, N.Y., Jan. 21 (UPI) -- Nine of New York state's Top 20 employers are in healthcare, with North Shore-Long Island Jewish Health System No. 1 with 37,000 employees, researchers say.
AIG's dilemma

AIG's dilemma

This only makes sense if you think like a lawyer: Insurance giant American International Group may sue the government for the bailout that saved the company.
ANTHONY HALL, United Press International

Price of dreaming

To Wall Street, the financial crisis that erupted in 2008 was a serious business interruption that affected jobs and bonuses.
ANTHONY HALL, United Press International
A clearer view of cliff

A clearer view of cliff

With the fiscal cliff a few days away, the actual budget impact is beginning to take shape.
ANTHONY HALL, United Press International
Paulson chastised over Merrill Lynch deal

Paulson chastised over Merrill Lynch deal

WASHINGTON, July 16 (UPI) -- Congressional leaders chastised former U.S. Treasury Secretary Henry Paulson Jr. for his role in pressuring Bank of America to purchase Merrill Lynch.
Merrill Lynch senses an upturn

Merrill Lynch senses an upturn

NEW YORK, July 2 (UPI) -- The head of New York investment firm Merrill Lynch's global wealth management said the company is ready to break out of the doldrums.

Romania GDP to drop 6.4 pct. in 2009

BUCHAREST, Romania, May 26 (UPI) -- Merrill Lynch experts estimate Romania's economy will contract 6.4 percent for all of 2009, and in 2010 will slightly recover to decline 2.5 percent.

Merrill Lynch pay clashes with bank losses

NEW YORK, March 4 (UPI) -- Eleven top executives at New York's Merrill Lynch & Co. might call 2008 a good year, reaping more than $10 million apiece, in spite of staggering bank losses.

Cuomo presses Thain on Merrill bonuses

NEW YORK, Feb. 23 (UPI) -- New York Attorney General Andrew Cuomo Monday asked a court to require former Merrill Lynch & Co. executive John Thain to testify about executive bonuses.
New York serves BoA with subpoena

New York serves BoA with subpoena

NEW YORK, Feb. 20 (UPI) -- New York state officials served Bank of America Chief Executive Officer Ken Lewis with a subpoena to probe into the bank's bonus pay policy.
New York probes Merrill Lynch bonus pay

New York probes Merrill Lynch bonus pay

NEW YORK, Jan. 27 (UPI) -- New York Attorney General Andrew Cuomo said he was investigating bonuses paid at Merrill Lynch just before the company merged with Bank of America Corp.

1,900 financial jobs in London on the line

LONDON, Jan. 13 (UPI) -- Merrill Lynch staffers in Britain said the combined British workforce with the investment firm and new owner Bank of America would be cut by 30 percent.

Bank of America closes Merrill Lynch deal

CHARLOTTE, N.C., Jan. 1 (UPI) -- Bank of America said Thursday it had closed on a purchase of New York investment bank Merrill Lynch, creating the world's largest wealth management business.

Fed approves purchase of Merrill Lynch

WASHINGTON, Nov. 27 (UPI) -- The U.S. Federal Reserve Board has agreed to allow Bank of America Corp. to purchase New York bank Merrill Lynch & Co.

Merrill Lynch reports $4.9B quarterly loss

NEW YORK, July 17 (UPI) -- Merrill Lynch & Co. stock was down sharply in after-hours trading Thursday after the U.S. brokerage reported a $4.9 billion second-quarter loss.

Write-downs still rife at Merrill Lynch

NEW YORK, April 17 (UPI) -- U.S. finance giant Merrill Lynch lost $1.96 billion in the first quarter, including $9.4 billion in write-downs, the company reported Thursday.

Merrill Lynch reports $10B quarterly loss

NEW YORK, Jan. 17 (UPI) -- Wall Street giant Merrill Lynch, latest victim of the credit crisis, reported a fourth quarter net loss of nearly $10 billion Thursday.

Report: Merrill mortgage losses bigger

NEW YORK, Jan. 11 (UPI) -- Merrill Lynch, the U.S. brokerage, has lost about $15 billion in mortgage investments, twice its first estimate reports said.

Merrill Lynch may receive cash infusion

NEW YORK, Dec. 21 (UPI) -- Merrill Lynch, facing additional write-downs because of poor performing U.S. mortgage notes, may be in talks with a Singapore firm about a cash infusion.

Report: Merrill Lynch to dismiss chairman

NEW YORK, Oct. 28 (UPI) -- Merrill Lynch Chairman E. Stanley O’Neal may soon be dismissed by the U.S. investment banking group following a quarterly loss, a report said.

Report: Merrill Lynch head on thin ice

NEW YORK, Oct. 26 (UPI) -- The Merrill Lynch & Co. board is considering replacing chief executive E. Stanley O'Neal, The New York Times reported Friday.
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