NYSE Euronext appoints Niederauer as CEO
The company’s larger than expected losses due to the U.S. subprime crisis sealed O’Neal’s fate
Three of the big U.S. rating agencies downgraded Merrill Lynch & Co. Inc. today, following its disappointing third quarter earnings and US$7.9 billion write down. Fitch Ratings downgraded its ratings of Merrill Lynch and maintains its Negative Rating Outlook on the firm. “The size of trading losses and unrealized losses unexpectedly overwhelmed the performance of […]
US$7.9 billion in write-downs
Only three sectors showing strong growth characteristics: technology, materials and industrials
Several hundred new jobs to be created
Credit market conditions to adversely impact results
Indices contain seven commodities, gasoline
Aegon and Merrill Lynch announce strategic relationship
Deal expected to be complete in Q3