Newspaper wrap-up: Merrill Lynch notified pension boards of SEC investigation

Posted Nov 1st 2007 9:20AM by Eric Buscemi
Filed under: Newspapers, Magazines, Ford Motor (F), Merrill Lynch (MER), NYSE Euronext (NYX)

MAJOR PAPERS:

Next year the sale of prescription drugs in the U.S is expected to be the slowest in years, resulting from tough regulation and cost-controls, according to IMS Health Inc., a health-care information and consulting firm, and reported by the Wall Street Journal.
NYSE Euronext (NYSE: NYX) has paid $90M for a 1% stake in Bovespa, the owner of Brazil's largest exchange. The move is seen as an attempt by NYSE Euronext to increase its presence in Brazil, reported the Financial Times.

OTHER PAPERS:

The U.K. Times reported that British telecom company BT Group (NYSE: BT) is expected to announce that it will cut thousands of jobs when it reports its Q2 results next week.
Merrill Lynch (NYSE: MER) has notified pension boards that it is being investigated by the Securities and Exchange Commission, which believes the company may have violated federal regulations, reported the South Florida Sun-Sentinel.
The Detroit News reported that Ford Motor Company (NYSE: F) and the UAW talks adjourned at 1am and will continue later this morning. Sources say that progress was made in the talks although no agreement was reached.

Tags: bt, detroit news, DetroitNews, f, financial times, FinancialTimes, ford, ft, mer, merrill lynch, MerrillLynch, newspaper, nyse, nyx, paper, periodical, sun sentinel, sun-sentinel, SunSentinel, uaw, uk times, UkTimes, wall street journal, WallStreetJournal, wsj

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Reader Comments (Page 1 of 1)

11-01-2007 @ 9:29AM

jimcramerblog.com said...

Everywhere I look, John Thain of NYSE Euronext is making moves. He has been able to double the profit of NYX since his commencement as CEO. First of all, expect record earnings tomorrow. Second, look for a new unexpected merger of NYX and possibly ICE or NMX. Talk about a growth stock.

Http://www.jimcramerblog.com