Archive for July 28th, 2008


Reuters
Treasury, Banks Promote 'Covered Bonds'
Washington Post - 2 hours ago
By David Cho The nation's top financial regulators and four of its largest banks announced plans yesterday to expand a method for financing mortgages, called "covered bonds," in an effort to reinvigorate the frozen housing market.
Market Place A New Way to Generate Mortgages New York Times
Treasury and banks kick-start home financing tool Reuters
Bloomberg - Forbes - MarketWatch - CNNMoney.com
all 482 news articles

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Sify
Temasek to Inject $900 Million in Merrill, Get Refund for Drop
Bloomberg - 50 minutes ago
By Chia-Peck Wong and Bradley Keoun July 29 (Bloomberg) — Temasek Holdings Pte., the biggest shareholder of Merrill Lynch & Co.
TREASURIES-Steady in Asia as Merrill reaction awaited Reuters
Merrill to sell $8.5 bln stock after big write-down guardian.co.uk
The Associated Press - istockAnalyst.com - CNNMoney.com - AFP
all 483 news articles

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Maktoob
UPDATE 4-Merrill to sell $8.5 bln stock after big write-down
Reuters - 50 minutes ago
By Christian Plumb and Jonathan Stempel NEW YORK, July 28 (Reuters) - Merrill Lynch & Co (MER.N: Quote, Profile, Research, Stock Buzz) said on Monday it will take a $5.7 billion third-quarter write-down as it unloads huge amounts of risky debt,
Merrill to sell $8.5 bln stock after big write-down guardian.co.uk
Merrill to sell troubled assets, raise capital The Associated Press
Bloomberg - CNNMoney.com - AFP - CNBC
all 441 news articles

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Earthtimes (press release)
Market Place A New Way to Generate Mortgages
New York Times - 1 hour ago
By FLOYD NORRIS The financial establishment came together Monday in search of a new way for banks to come up with cash for home mortgages.
Treasury and banks kick-start home financing tool Reuters
Banks Throw Weight Behind Paulson Covered-Bond Plan (Update4) Bloomberg
CNNMoney.com - Forbes - MarketWatch - New York Sun
all 457 news articles

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Amgen Q2 profit falls but tops Wall Street
Reuters - 1 hour ago
By Bill Berkrot NEW YORK (Reuters) - Amgen Inc (AMGN.O: Quote, Profile, Research) reported a better-than-expected quarterly profit on a surprising rebound in sales of its anemia drug Aranesp from the preceding quarter, and the company raised its 2008
Amgen Raises Forecast on Improved Sales and Successful Trial New York Times
Amgen reports 8% drop in profit, but lifts forecast MarketWatch
Forbes - CNNMoney.com - Wall Street Journal - guardian.co.uk
all 203 news articles

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Earthtimes (press release)
UPDATE:Merrill To Sell Mound Of CDOs, Raise $8.5 Billion In Capital
CNNMoney.com - 36 minutes ago
By Andrew Dowell and Andrew Morse In a major fire sale of toxic assets by a struggling investment bank, Merrill Lynch & Co. (MER) said Monday it has agreed to unload $30.6 billion in securities to private equity firm Lone Star at 22 cents on the dollar
Merrill Has $5.7 Billion of Writedowns, Sells Shares (Update2) Bloomberg
Merrill Plans $5.7 Billion Write-Down New York Times
Reuters - The Associated Press - MarketWatch - guardian.co.uk
all 336 news articles

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Merrill Has $5.7 Billion of Writedowns, Sells Shares (Update2)
Bloomberg - 2 hours ago
By Bradley Keoun and Christine Harper July 28 (Bloomberg) — Merrill Lynch & Co. took steps to shore up its endangered credit rating by selling $8.5 billion of stock and liquidating $30.6 billion of money-losing assets at a fifth of their original
UPDATE:Merrill To Sell Mound Of CDOs, Raise $8.5 Billion In Capital CNNMoney.com
Merrill Plans $5.7 Billion Write-Down New York Times
Reuters - guardian.co.uk - The Associated Press - CNBC
all 374 news articles

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Merrill Plans $5.7 Billion Write-Down
New York Times - 27 minutes ago
By louise story Less than two weeks after announcing write-downs of $9.7 billion in its second quarter, Merrill Lynch, the investment bank, was back out with more on Monday.
Merrill Has $5.7 Billion of Writedowns, Sells Shares (Update1) Bloomberg
Merrill to raise $8.5 bln selling new stock MarketWatch
CNNMoney.com - Reuters - Forbes - guardian.co.uk
all 383 news articles

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RTT News
Amgen reports 8% drop in profit, but lifts forecast
MarketWatch - 1 hour ago
By Val Brickates Kennedy, MarketWatch BOSTON (MarketWatch) — Amgen Inc. reported an 8% drop in second-quarter earnings late Monday, due largely to accounting charges and a double-digit decline in sales for its anemia drug Aranesp.