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Market Sentiment Continues To Hold

Tue, 05 May 2009 20:25:58 GMT

U.S. equity markets ended only slightly lower on Tuesday as early morning economic data started off the day with a spurt of confidence. The ISM Non-Manufacturing report gauged Chicago area service related industries deteriorating at a lower rate than previous months in April. The report clocked in at 43.7, above the markets estimate of 42.2 and greater than the March level of 40.8. Goldman ICSC store sales for the previous week also improved at a rate of 0.7% opposed to the -0.7% decline in the week before. Federal reserve chairman Ben Bernanke testified before the Congressional Joint Economic Committee at 10 am, claiming that he expected unemployment to top out under 10% and that the U.S. would see 2% GDP growth for the 2010 fiscal year. When prodded, Bernanke swore that he had no part in forcing Bank of America (BAC) CEO Ken Lewis to buy Merrill Lynch at the end of[More...]

Roubini Global Economics: Banks In The Spotlight

Thu, 16 Apr 2009 14:55:00 GMT

In this guest post Nouriel Roubini and his team provide an update on pertinent issues affecting the banking situation in the US and other parts of the world. Please visit my website (by clicking on the heading above) for the full article, as well as other interesting investment snippets. [More...]

Opportunities In Bank Bonds, Part 2

Thu, 12 Mar 2009 13:48:00 GMT

Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09 When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. What would it take to make the US Government change the[More...]

Is GE Next in Line for Government Bailout?

Tue, 10 Mar 2009 15:14:00 GMT

By Don Miller Associate Editor Money Morning Even though it just posted its third-highest annual profit ever, investors hammered shares of U.S. industrial giant General Electric Co. (GE)... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Bank of America Likely To Sell First Republic Bank

Thu, 26 Feb 2009 20:14:08 GMT

Bank of America (BAC) is rumored to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co (MER).[More...]

Three Favorite ETFs For Investing In China

Mon, 23 Feb 2009 13:54:00 GMT

"In my view, there is no sign of a sustainable rally in the US stock market on the horizon," says Glenn Rogers, asking, "So, against that gloomy backdrop, what's an investor to do?" The contributing editor to Gordon Pape's Internet Wealth Builder suggests, "One area that looks interesting to me right now is China." Here, he highlights a trio of exchange-traded funds invested in the China[More...]

China’s Stimulus Ignites Economy

Sat, 14 Feb 2009 13:00:00 GMT

By Don Miller Associate Editor Money Morning China’s giant $585 billion (4 trillion yuan) economic stimulus package is showing signs of taking effect. Economists now project that... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Bank of America (BAC) Below $4

Thu, 05 Feb 2009 16:54:00 GMT

Mark wondered two months ago in (Nov 26: After Citigroup is Bank of America Next?) We posed the exact same theory after the Citigroup (C) bailout was announced. Good to see realism and cynicism reach into our news agencies ;) That Countrywide Financial exposure cannot be a good thing. I am also wondering if the Merrill Lynch (MER) deal is still going to go through - certainly the terms are[More...]

Favoring Junk: A Trio Of High Yield Bond ETFs

Tue, 27 Jan 2009 20:26:00 GMT

"Although high yield corporate bonds have rallied 20% off their lows, I think there is less risk in debt than in equities right now," says Glenn Rogers. Here, the contributing editor to Gordon Pape's Internet Wealth Builder takes a look at a trio of ways to play "junk" bonds, adding, "I think this is the trade of the year offering relative safety with high yields and excellent potential for capital[More...]

VMware: Downgraded To Underperform, $15 Target At Merrill/BAC

Tue, 27 Jan 2009 15:53:00 GMT

Merrill is lowering their target on VMW from $31 to $15 based on 15x new CY09 EPS of $1.00 (vs. old $1.12), -5% y/y. The target equates to ~7x EV/ 4Q08 maintenance revenue run rate, in-line with ORCL. The new EPS of $1.00 is based on 10% decline in license revs and +70bps OM. The 15x multiple is a 25% premium to large cap software (ORCL and SAP) that have comparable license decline and modest EPS growth. Q4:08 results in line but implied C09 guidance negative surprise License revs of $314.8mn (+11% y/y) were in-line. However, ex-EA (enterprise agreements) and license backlog, license growth of an estimated 5% is muted for a seasonally strong Q. Implied license growth in upcoming seasonally slow Q109 is -11%, leading to -11% for the year under normal seasonality vs.[More...]

Long Beach Finds Way to Ease Financial Pain of Moving Public Service Yard

Fri, 03 Jul 2009 10:46:00 GMT

Jul. 3--LONG BEACH -- Future budgets might take the hit, but Long Beach officials have found a way to avoid paying the $500,000 cost of relocating the city's public service yard, which is a potentially important step in the controversial plan to preserve Los Cerritos Wetlands.
The City Council is being asked at its Tuesday meeting to approve a complex restructuring of Long Beach Gas & Oil bonds that would put savings from future gas expenses in the hands of city officials now.
Officials expect the bond restructuring to produce $25 million in one-time money, which would mostly be used for unplanned costs such as relocating gas pipelines and helping pay for Long Beach's new utility billing system.

: iStockAnalyst.com Symbols Feed

Market Sentiment Continues To Hold

Roubini Global Economics: Banks In The Spotlight

Opportunities In Bank Bonds, Part 2

Is GE Next in Line for Government Bailout?

Bank of America Likely To Sell First Republic Bank

Three Favorite ETFs For Investing In China

China’s Stimulus Ignites Economy

Bank of America (BAC) Below $4

Favoring Junk: A Trio Of High Yield Bond ETFs

VMware: Downgraded To Underperform, $15 Target At Merrill/BAC

Long Beach Finds Way to Ease Financial Pain of Moving Public Service Yard

Gambling-Related Stocks Down 2.9 Percent in June

Houston Chronicle Loren Steffy Column

Bank of America Will Expand Business in Boston: Exec Defends CEO Lewis

Creditors' Suit Cites Warnings Inside Basell

Supervalue Shareholders OK 'Say on Pay': The Shareholder-Sponsored Move at Supervalu's Annual Meeting Would Give Shareholders a Vote on Executive Pay If the Board Adopts It.

Bernanke: Fed Asked BofA to Examine Its Leadership: Testimony, E-Mails Make Clear That Regulators Were Critical of the Way the Bank Handled the Merrill Deal.

Knoxville Financial Scene Feels Wall Street Deals

Chicago Tribune Gail MarksJarvis Column: Factor Fees into Your Investment Decisions

House Panel Wants More on BofA Deal: Committee Subpoenas Additional Documents From the Fed Regarding Bank's Acquisition of Merrill Lynch.

Abbey Spanier Rodd & Abrams, LLP Commences Class Action Securities Lawsuit on Behalf of All Merrill Lynch & Co., Inc. Shareholders as of October 10, 2008 and/or Those Who Acquired Bank of America Common Stock on the Consummation of the Acquisition

Merrill Lynch & Co., Inc. Announces Results of Offer to Purchase for Cash Any and All of the Outstanding Exchange Liquid Yield Option ™ Notes due 2032 (Zero Coupon – Floating Rate – Senior)

Merrill Lynch & Co., Inc. Notice of Offer to Purchase in Cash Any and All of the Outstanding Exchange Liquid Yield Option ™ Notes due 2032 (Zero Coupon – Floating Rate – Senior)

California Microenterprise Leaders Announce $1 Million Investment By Merrill Lynch for Los Angeles Business Start-Ups

Research and Markets: 10 Trends That Will Shape Financial Services in 2009

Fitch: BofA Enhances Global Franchise With Merrill Buy; IDR Affirmed at 'AA-' - Jan 2 2009 11:51PM

Fitch: BofA Enhances Global Franchise With Merrill Buy; IDR Affirmed at 'AA-' - Jan 2 2009 7:51AM

Standard & Poor's Announces Changes to U.S. Indices - 23-12-08

Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share - Dec 18 2008 9:53AM

Merrill Lynch Fund Manager Survey Finds Sentiment Edging Back from the Brink

Form 4 Montag Thomas K. For: Jan 01 (10K)

Form 4 THAIN JOHN A For: Jan 01 (10K)

Form 4 Sanzone Thomas J. For: Jan 01 (10K)

Form 4 ROSSOTTI CHARLES O For: Jan 01 (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: REESE ANN N (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: PRUEHER JOSEPH W (10K)

Form 4 PETERS AULANA L For: Jan 01 (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: Cairnhill Investments (Mauritius) Pte Ltd (10K)

Form 4 ROSSOTTI CHARLES O For: Dec 18 (10K)

Form 4 Christ Carol T For: Dec 18 (10K)