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Former Merrill Lynch Execs' Enron Convictions Overturned
AHN
The appeals court has overturned the convictions of conspiracy and wire fraud charged against four former Merrill Lynch executives found guilty of increasing Enron's earnings in 1999.
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US Court Overturns Convictions In Enron Case
AHN
A federal appeals court has overturned most of the convictions against four former Merrill Lynch bankers. The convictions concerned a bogus deal with Enron Corp. Enron is accused of illegally using the deal to up its profits by promising a buy back of barges in six months. The four men and one...
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Some Merrill Lynch convictions reversed
YAHOO
AP - A federal appeals court on Tuesday reversed several convictions against four former Merrill Lynch executives found guilty of helping engineer Enron's 1999 sale of mobile power plants to the brokerage to help the energy trader appear to have met earnings targets.
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Former Analyst Pleads Guilty to Inside Trading
AHN
A former analyst for Merrill Lynch and Co. Inc. has pled guilty to inside trading. The scheme involved passing information via cell phone. Some participants earned more than $6.7 million.
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Ex-Merrill Lynch Analyst Admits To Insider Trading
AHN
A former Merrill Lynch M and A analyst confesses to one incident of insider trading. He had provided sensitive information to business deals to an insider-trading network. In a plea agreement with federal prosecutors, Stanislav Shpigelman, 23, of Brooklyn, N.Y., pleaded guilty to insider...
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Ex-Merrill banker pleads guilty to insider trading
YAHOO
Reuters - A former junior-level investment
banker at Merrill Lynch & Co. pleaded guilty on Friday
to insider trading after providing tips about upcoming mergers
as part of a scheme that generated millions of dollars of
profit.
Sources: YAHOO
Crude hits record high, hurting stocks
YAHOO
Reuters - Crude oil futures shot to record highs
on Thursday, hitting stock prices as rising tensions in the
Middle East and North Korea prompted safe haven flows into
bonds and the Swiss franc.
Sources: YAHOO
Wal-Mart shares at 9-month low after downgrade
YAHOO
Reuters - Wal-Mart Stores Inc. shares
slumped to a nine-month low on Thursday after Merrill Lynch
lowered its rating on the stock, citing concerns over slowing
sales and a tough economic outlook.
Sources: YAHOO
Weak opening expected for Europe
YAHOO
FT.com - European equity markets moved lower shortly after the opening on Tuesday following overnight declines on Wall Street and in Asia. European tech stocks were expected to move lower after a profit warning from Lucent Technologies (NYSE:LU) and a downgrade for the US tech sector by Merrill Lynch which contributed to a fall for the Nasdaq on Monday. High oil prices continue to weigh on sentiment with the EU due to hold talks in Brussels with Iran on its nuclear enrichment programme on Tuesday.
Sources: YAHOO
Tech stocks drop after EMC warning
YAHOO
Reuters - U.S. technology stocks fell sharply on
Monday after brokerage Merrill Lynch cut its rating on the
sector and an earnings warning from data storage equipment
maker EMC Corp. also hurt sentiment.
Sources: YAHOO
Three Wall Street brokers sue theflyonthewall.com
YAHOO
Reuters - The brokerage units of Lehman Brothers
Holdings Inc., Merrill Lynch & Co. Inc. and Morgan Stanley on
Monday sued theflyonthewall.com, accusing the Web site of
infringing the copyright of their equity research reports.
Sources: YAHOO
Sources: YAHOO
Study Finds Number Of Global Millionaires Grows To 8.7 Million
AHN
A new study reveals the increasing ease of becoming a millionaire, with the announcement that the ranks of world millionaires had swelled to 8.7 million last year-half a million more than the population of New York City. A study by Merrill Lynch and consultancy Capgemini found that millionaires...
Sources: AHN
Number of global millionaires grows
YAHOO
AP - The increasing ease of becoming a millionaire became clear Tuesday, with the announcement that the ranks of world millionaires had swelled to 8.7 million last year — half a million more than the population of New York City.
Sources: YAHOO
Ex-Merrill execs released for Enron case appeal: report
YAHOO
Reuters - A U.S. court has ordered the release
from prison of two former Merrill Lynch & Co bankers convicted
of fraud for helping Enron Corp artificially inflate its
profit, the Wall Street Journal reported on its Web site on
Thursday.
Sources: YAHOO
Survey: SOA In, Vista Out
YAHOO
PC Magazine - SOA is the next big thing, Oracle is back in favor, and Novell gains in Linux, according to a Merrill Lynch survey.
Sources: YAHOO
Merrill Lynch earnings fall after $1.2 bln charge
YAHOO
Reuters - Merrill Lynch & Co. Inc. said
on Tuesday that its first-quarter profit dropped after the
largest U.S. brokerage took a $1.2 billion charge related to
stock-based compensation.
Sources: YAHOO
Sorenstam Invited to 'Shark Shootout'
YAHOO
AP - Greg Norman never liked the idea of women competing on men's tours. He made an exception Monday for Annika Sorenstam, inviting her to play in the Merrill Lynch Shootout during the silly season.
Sources: YAHOO
Three arrested in $6.7 mln trading ring probe
YAHOO
Reuters - An analyst at Goldman Sachs, a banker
at Merrill Lynch and a printing plant worker were arrested on
Tuesday, charged with participating in an insider trading ring
that netted $6.7 million and involved more than a dozen
accomplices.
Sources: YAHOO
SEC unveils charges in insider trading ring
YAHOO
Reuters - The U.S. Securities and Exchange
Commission announced on Tuesday charges in an international
insider trading ring that involved employees at Goldman Sachs
Group Inc. and Merrill Lynch and Co. Inc.
Sources: YAHOO
Merrill analyst in insider trading case: source
YAHOO
Reuters - An insider trading scheme to be
revealed by federal prosecutors later on Tuesday involves a
Merrill Lynch analyst and two former Goldman Sachs
employees, according to a source who was briefed on the
investigation.
Sources: YAHOO
Merrill to take $1.2 billion first quarter charge
YAHOO
Reuters - Merrill Lynch & Co. said on
Monday it will take a $1.2 billion first-quarter charge, $850
million more than it had expected, as it switches to new
accounting rules for employee stock compensation and modifies
existing stock awards.
Sources: YAHOO
Merrill to take $1.2 billion first quarter charge
YAHOO
Reuters - Merrill Lynch & Co. said on
Monday it will take a $1.2 billion first-quarter charge, $850
million more than it had expected, as it switches to new
accounting rules for employee stock compensation.
Sources: YAHOO
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