By Robert MacMillan NEW YORK (Reuters) - Financial news and data company Bloomberg LP is creating several new units as part of a reorganization that includes a shuffling of top management. A new multimedia operation will include Bloomberg's Internet, television and radio news...
NEW YORK (Reuters) - Merrill Lynch & Co Inc MER has reached a deal to sell its stake in Bloomberg L.P. back to the news and information company for about $4.5 billion, a source familiar with the situation said on Wednesday. Merrill Lynch,...
Merrill Lynch's sale of its 20 percent stake in Bloomberg for $4.5 billion -- in a widely leaked deal expected to be announced Thursday -- places a value of $22.5 billion or more on the New York Mayor's privately held firm. The Times notes that Michael Bloomberg...
NEW YORK (Reuters) - Merrill Lynch & Co MER may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday. Details...
CHICAGO (Reuters) - The Federal Reserve can not wait until financial and housing markets stabilize before raising interest rates, Minneapolis Fed President Gary Stern said in an interview with Bloomberg on Friday. Stern, a voter on the policy-setting Federal Open Market ...
By Megan Davies and Dan Wilchins NEW YORK (Reuters) - Merrill Lynch & Co Inc MER has agreed to sell its 20 percent stake in Bloomberg LP back to the news and financial data company for about $4.5 billion, a source familiar with...
NEW YORK (Reuters) - American International Group Inc AIG said it planned to absorb up to $5 billion on losses of sales of investments from a dozen insurance units hit by the subprime meltdown, Bloomberg News reported on Friday. In an interview, Christopher...
(Reuters UK) - Merrill Lynch & Co MER is moving closer to selling stakes in financial firm BlackRock Inc BLK and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall...
(Reuters) - Merrill Lynch & Co MER is moving closer to selling stakes in financial firm BlackRock Inc BLK and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion in coming write-downs, the Wall Street ...
(Reuters) - Mortgage lenders Fannie Mae FNM and Freddie Mac FRE are "insolvent" and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg. "Congress ought to recognize that these...
By Dan Wilchins NEW YORK (Reuters) - Merrill Lynch & Co MER will determine how much of its stakes in BlackRock Inc BLK and Bloomberg LP to sell based on the size of its second-quarter loss, a person briefed on the matter said...
LONDON (Reuters UK) - The slowdown in the British economy has so far not been much greater than that envisaged by the Bank of England in May, central bank policymaker Andrew Sentance was quoted as saying by a news agency on Thursday. "It's not clear that...
By Elinor Comlay NEW YORK (Reuters) - Merrill Lynch & Co MER posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its...
Trust me, I don't relish bringing you bad news about the media industry every day, but there's not much else in the current wave of earnings reports, resignations, and rumors of sales to work with. The McClatchy Co.'s CEO, Gary Pruitt, admitted this morning that the big...
Is one answer to our economic problems more immigrants? PriceWaterhouseCoopers reveals this week that CEO confidence in the year ahead is down for the first time since 2003. What's stressing out chief executives? Obviously, the economy, but a survey from consulting firm Accenture released this week suggests that C-suite executives...
How wide and how severe will the fall out from this summer's sub-prime meltdown be? That's the question occupying a great many minds in the financial world. They've got a lot of numbers to crunch, from the rise in new jobs in September, to the markets' big rally on Monday,...
Apple's quarterly results announced yesterday set a new record for the company, but not owing to the iPhone. Rather, the company shipped 1.76 million Mac computers, representing a 33 percent jump from a year ago and pushing Apple's share of the PC market up to three percent. Even though cumulative...
The article suggests limiting the portfolio to nearly all-domestic stocks and one may limit the returns right along with it. It informs that foreign markets have outperformed the equity market in the past and the pattern of that performance is cyclical. Currency trends can boost the returns of international stocks....
NEW YORK, July 9 /PRNewswire/ -- Bloomberg L.P. today announced that Melinda Wolfe joins the Company as head of Professional Development on July 28. In this role, Wolfe will be responsible for global Human Resources at Bloomberg. "Bloomberg is pleased to welcome Melinda Wolfe in the...
Appointment Reunites Pearlstine with Bloomberg News Founder Winkler NEW YORK, May 12 /PRNewswire/ -- Bloomberg today announced that it has named Norman Pearlstine its Chief Content Officer, a newly-created position. In this role Pearlstine will partner with Bloomberg News Founder and Editor-in-Chief Matthew Winkler to seek...
