NEW YORK - Home constructers and financial issues, the largegest casualties of the subprime lending meltdown, were hit again by tax-motivated selling in recent weeks but could rebound a bit early in the new year, money managers has said on Monday.
WASHINGTON - The pace of existing United States home sales edged up in November from a record low, according to a report on Monday that offered a few tentative signs of stabilization in the still-ailing housing market.
NEW YORK - Stocks fell on Monday, but the three major indexes ended higher for the year after gains in energy and technology offset the dramatic sell-off in financials from the subprime mortgage meltdown.
NEW YORK - Citigroup Inc and Merrill Lynch & Co were the world’s top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.
NEW YORK - Merrill Lynch & Co is in talks with Chinese and Middle Eastern sovereign wealth funds that could lead to the sale of another large stake in the United States bank, British newspaper The Observer reported, citing sources in London and New York.
NEW YORK - Merrill Lynch & Co is in talks with Chinese and Middle Eastern sovereign wealth funds that could lead to the sale of another large stake in the United States bank, British newspaper The Observer reported, citing sources in London and New York.
NEW YORK - Merrill Lynch & Co is in talks with Chinese and Middle Eastern sovereign wealth funds that could lead to the sale of another large stake in the United States bank, British newspaper The Observer reported, citing sources in London and New York.
NEW YORK - Projections for S&P 500 companies’ fourth-quarter earnings swung to a 6.1 percent drop on Monday from an 11.5 percent rise on October 1, in the largegest quarterly move since Reuters Estimates started compiling analysts’ forecasts in 1999.