Archive for July 17th, 2008


Wall Street Journal
Merrill Shares Fall After $4.65 Billion Loss Exceeds Forecasts
Bloomberg - 4 hours ago
By Bradley Keoun and Josh Fineman July 18 (Bloomberg) — Merrill Lynch & Co. tumbled in late trading after the third-biggest US securities firm posted a wider-than-forecast second-quarter loss yesterday on $9.7 billion of credit-market writedowns.
Problems of Thain's Own Wall Street Journal
Merrill Lynch Posts $4.65 Billion Loss In Second Quarter Washington Post
FOXBusiness - CNNMoney.com - Reuters - Forbes
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Boston Globe
Sky Not Falling: Dow Surges 276 Points
FOXBusiness - Jul 17, 2008
Just a day after the Dow sank below 11000 for the first time in two years, the blue chips soared 276 points on a big day for banks while celebrating another tumble in crude oil.
The Economy: How Bad Can It Get? Wall Street Journal
Take Stock in Florida: Dow 14000 salad days long gone The News-Press
MarketWatch - Washington Post - Seeking Alpha - TheStreet.com
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BBC News
Merrill Lynch reports $4.9 billion loss
CNNMoney.com - 53 minutes ago
Nation's largest brokerage suffers its fourth-straight quarterly loss, confirms plans to sell Bloomberg stake for $4.43 billion.
Merrill posts $4.9 billion loss, sells Bloomberg stake Reuters
Merrill Can't Stop The Bleeding Forbes
guardian.co.uk - Bloomberg - Los Angeles Times - BBC News
all 420 news articles

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BBC News
Merrill Lynch reports $4.9 billion loss
CNNMoney.com - 53 minutes ago
Nation's largest brokerage suffers its fourth-straight quarterly loss, confirms plans to sell Bloomberg stake for $4.43 billion.
Merrill posts $4.9 billion loss, sells Bloomberg stake Reuters
Merrill Can't Stop The Bleeding Forbes
guardian.co.uk - Bloomberg - Los Angeles Times - BBC News
all 420 news articles

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Starbucks Lists Stores to Be Closed
Wall Street Journal - 1 hour ago
By JANET ADAMY Starbucks Corp. on Thursday disclosed the locations of the 600 stores it plans to close by early next year. The list includes cafes in 44 states plus the District of Columbia, with large amounts of closures in California,
San Jose Starbucks on list of closures Bizjournals.com
Starbucks names all 600 stores to be closed USA Today
Seattle Post Intelligencer - Niagara Gazette - Indianapolis Star - Minneapolis Star Tribune
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Wall Street Journal
AMD posts quarterly loss, names new CEO
Reuters - 1 hour ago
By Sinead Carew NEW YORK (Reuters) - Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research, Stock Buzz) posted a wider-than-expected quarterly loss and named a new chief executive on Thursday, as the chipmaker struggled to regain market share
AMD Chief Ruiz replaced by COO Meyer MarketWatch
AMD Names New CEO, Wall Street Journal
Forbes - CNNMoney.com - TheStreet.com - CNET News
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Sify
UPDATE: Merrill Lynch Posts $4.7 Billion Loss As Write-Downs Climb
CNNMoney.com - 3 hours ago
Merrill Lynch & Co.'s (MER) profits fell $4.65 billion in the second quarter, the bank's fourth consecutive quarterly loss and a much deeper one than analysts expected, as write-downs on troubled assets continued to pile up.
Write-Downs Push Merrill Lynch Into Red for 4th Straight Quarter Wall Street Journal
Merrill Reports $4.9 Billion Loss on Write-Downs New York Times
MarketWatch - Reuters - Bloomberg - BusinessWeek
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UPDATE: Google 2Q Net Up 35% But Misses St. EPS View; Stock Down
CNNMoney.com - 2 hours ago
Google Inc.'s (GOOG) second-quarter net income rose 35%, but the company's shares fell as much as 12% after hours as its per-share earnings missed Wall Street expectations, raising questions about rising costs at the Internet giant.
Google Earnings Fall Short of Estimates; Shares Drop (Update2) Bloomberg
Google's Net Income Climbs Less Than Expected; Shares Tumble Wall Street Journal
New York Times - MarketWatch - Bizjournals.com - Monsters and Critics.com
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Turkish Press