Global Economy

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In Frantic Day, Wall Street Banks Teeter</b>
New York Times, United States - 41 minutes ago
By ANDREW ROSS SORKIN This article was reported by Jenny Anderson, Edmund L. Andrews, Eric Dash, Michael J. de la Merced, Andrew Ross Sorkin, Louise Story ...<b>
BofA Deal For Merrill, Good On Paper, Hinges On Management</b>
CNNMoney.com - 34 minutes ago
NEW YORK ---(Dow Jones)- The takeover by Bank of America Corp. (BAC) of Merrill Lynch & Co. Inc. (MER) marks another step forward for the "universal ...BAC - TSE:MLC - MER<b>
Bank of America to Buy Merrill Lynch for $44 Billion</b>
Washington Post, United States - 59 minutes ago
By Binyamin Appelbaum Bank of America has struck a $44 billion deal to buy Merrill Lynch, according to two people familiar with the negotiations, ...BAC<b>
Bank of America agrees to buy Merrill, report says</b>
BusinessWeek - 59 minutes ago
By MADLEN READ and TIM PARADIS Bank of America Corp. has agreed to buy Merrill Lynch & Co. for about $44 billion, or around $29 a share, according to The ...BAC - MER - TSE:MLC<b>
Bank of America Agrees to Buy Merrill</b>
TheStreet.com - 1 hour ago
After one of the most chaotic weekends in Wall Street history, Merrill Lynch(MER Quote - Cramer on MER - Stock Picks) agreed to sell itself to Bank of ...BAC<b>
Japanese financial markets closed for holiday</b>
International Herald Tribune, France - 28 minutes ago
AP TOKYO: Japanese financial markets were closed Monday due to "Respect for the Aged Day," a national holiday. The markets will reopen Tuesday. ...<b>
Bank of America Reportedly In Merger Talks With Merrill Lynch</b>
RTT News, NY - 45 minutes ago
(RTTNews) - Banking services provider Bank of America (BAC: News ) is reportedly in merger talks with troubled financial services firm Merrill Lynch & Co. ...MER - TSE:MLC - BAC<b>
Bank of America Skips Lehman, Buys Merrill Lynch</b>
Daily FX, NY - 32 minutes ago
Having reportedly backed out of talks to buy troubled bank Lehman Brothers, Bank of America was reported to have reached an agreement to purchase another ...BAC - LEH<b>
BoA said to reach US$44b deal for Merrill</b>
The Standard, Hong Kong - 1 hour ago
Bank of America Corp agreed to buy Merrill Lynch for about US$44 billion (HK$343.2 billion), a person with knowledge of the deal said, after shares of the ...BAC - LEH<b>
Fed Widens Collateral for Loans to Investment Banks (Update2)</b>
Bloomberg - 31 minutes ago
By Craig Torres and Scott Lanman Sept. 14 (Bloomberg) -- The Federal Reserve widened the collateral it accepts for loans to Wall Street bond dealers as the ...<b>
Purchase of Merrill Fills a Dream for a Bank</b>
New York Times, United States - 1 hour ago
By ERIC DASH Bank of America’s dream of dominating the brokerage business always seemed to elude it, even after it transformed itself from a regional bank ...
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Lehman may face failure as Merrill sale reported</b>
Reuters - 1 hour ago
By Dan Wilchins and Jennifer Ablan NEW YORK (Reuters) - The ruptured US financial system was facing an unprecedented shakeup on Sunday that was expected to ...LEH - MER - TSE:MLC<b>
Hard Fall for a Venerable Firm</b>
New York Times, United States - 53 minutes ago
By LOUISE STORY It’s the end of an era for Merrill Lynch, the brokerage firm that brought Wall Street to Main Street. As another venerable Wall Street firm ...
Nation’s Financial Industry Gripped by Fear
New York Times, United States - 54 minutes ago
By BEN WHITE and JENNY ANDERSON Fear and greed are the stuff that Wall Street is made of. But inside the great banking houses, those high temples of ...
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BofA-Merrill deal to close in 3-4 months: report</b>
Reuters - 53 minutes ago
NEW YORK (Reuters) - The sale of Merrill Lynch to Bank of America is expected to close within three or four months, CNBC reported Sunday. ...<b>
No Reglatory Snags Seen For Bank of America,Merrill Deal</b>
CNNMoney.com - 1 hour ago
WASHINGTON -(Dow Jones)- A marriage between Bank of America Corp. (BAC) and Merrill Lynch & Co. (MER) would be a "strategic" union that's unlikely to face ...BAC - MER - TSE:MLC<b>
US Stock Futures Tumble on Concern Lehman to File Bankruptcy</b>
Bloomberg - 2 hours ago
By Allen Wan Sept. 15 (Bloomberg) -- US stock-index futures tumbled on concern Lehman Brothers Holdings Inc. will file for bankruptcy and add to banks' $514 ...LEH<b>
Wall St Wk Ahead: US banking woes seen hitting Wall St</b>
Forbes, NY - 1 hour ago
By Chris Sanders and Ellis Mnyandu NEW YORK (Reuters) - US stocks are seen opening sharply lower at the start of the week after last ditch efforts to save ...LEH - MER<b>
Lehman: The Media Meltdown</b>
Conde Nast Portfolio, NY - 26 minutes ago
What's happened to Reuters? The sober just-the-facts newswire seems to have let the chaos at Lehman brothers go to its head. This morning Reuters ran an ...LEH
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Lehman Brothers Bankruptcy Would be Biggest in 18 years</b>
Gambling911.com, FL - 33 minutes ago
In one the most extraordinary days in Wall Street's in history, Merrill Lynch is near an 11th-hour deal with Bank of America to avert a deepening financial ...LEH - BAC<b>
Report: B Of A Mulls Merrill-Lynch Purchase</b>
WAPT, MS - 1 hour ago
NEW YORK -- In the face of a possible bankruptcy filing by Lehman Brothers, the Fed and Treasury are said to be pushing Bank of America to buy Merrill Lynch ...LEH - BAC<b>
Meltdown as bank collapses</b>
Independent, UK - 1 hour ago
By Stephen Foley in New York Wall Street banks were preparing for one of the most dramatic shake-ups in the finance industry's history last night as it ...<b>
Global banks pump $85bn into credit-starved market</b>
The Australian, Australia - 31 minutes ago
The $85.1 billion bail-out came as US regulators moved to protect customer assets held by Lehman Brothers, a 158-year-old investment bank, as the ailing ...LEH<b>
Bank of America in talks to buy Merrill Lynch</b>
Independent, UK - 1 hour ago
By Stephen Foleyin New York Bank of America's $40bn-plus takeover talks with Merrill Lynch represent a sudden about-face for the retail bank's chief ...BAC<b>
Lehman Shows How Hard It Is To Sell Stock In Wall Street</b>
CNNMoney.com - Sep 10, 2008
NEW YORK -(Dow Jones)- Lehman Brothers Holdings Inc. (LEH) demonstrated Wednesday that, for now at least, getting outsiders to invest in Wall Street is a ...LEH<b>
Nightmare on Wall Street</b>
Sydney Morning Herald, Australia - 37 minutes ago
Australian financial stocks plunged after Lehman Brothers failed to find a saviour over the weekend, raising the prospects of a fresh round of global ...<b>
Concerns About Banks Push Markets Lower</b>
New York Times, United States - Sep 11, 2008
By MICHAEL M. GRYNBAUM Stocks dropped immediately after the opening bell on Thursday as Wall Street remained on high alert about potential problems in the ...

AP Top News at 10:10 pm EDT
The Associated Press - 40 minutes ago
NEW YORK (AP) — What looked to be a failed plan to rescue Lehman Brothers may be triggering a stunning transformation of the Wall Street landscape on Sunday ...LEH - BAC<b>
Storm on Wall Street: US won't save Lehman; Merrill Lynch up for ...</b>
USA Today - 1 hour ago
The US government, which bailed out Fannie Mae and Freddie Mac a week ago and orchestrated the sale of Bear Stearns Cos. to JP Morgan & Co. earlier this ...AIG - EPA:MLACO - LON:BPLE<b>
Wall Street's Wild Weekend</b>
Forbes, NY - 4 hours ago
Deal talk ricocheted across Wall Street Sunday at the same time it appeared efforts to save Lehman from liquidation had failed. Merrill Lynch (nyse: MER ...LEH - BAC - MER
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