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Merrill Lynch Posts Wide Loss, Discloses Bigger Write Downs

...and the banking crisis gets worse...

Merrill Lynch & Co. swung to an unexpectedly deep loss in the third quarter on the back of a 7.9 billion writedown in its fixed-income trading business, a hit that exceeded the Wall Street giant's net earnings for all of 2006.

source: online.wsj.com | posted on: October 24th, 2007 07:10:06 AM MST | posted: 1 time(s)

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A Couple of Beer Chasers - WSJ.com

Here's an article about consolidation in the beer industry. There have been quite a few of these in the WSJ recently. Thought you might be interested given your summer job wishes.

Beer binges often end in a headache. But that hasn't deterred Carlsberg and Heineken from clubbing together to plan a bid for their United Kingdom rival, Scottish & Newcastle. Though the Danish and Dutch brewers both have reasons to pursue S&N, a deal won't be easy -- and it won't be cheap. Since March, S&N's shares have risen 20 amid takeover rumors.

source: online.wsj.com | posted on: October 18th, 2007 08:10:42 AM MST | posted: 1 time(s)

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Will Social Features Make Email Sexy Again? - WSJ.com

the state of things to come on social networking vs. email. The statistics below are great for us - there are more email users and the social network users, and email providers are working to make their email service more social. Email is not dead, and our email-this button should be the entry point into the **new** social email.

"I have very little doubt that email will be sexy again in a way that people will say, 'Holy Smokes, I didn't see this coming,'" says Yahoo Senior Vice President Brad Garlinghouse. He cites research from July indicating that only 20 of Yahoo email users are MySpace users and just 10 are on Facebook.

source: online.wsj.com | posted on: October 18th, 2007 08:10:14 AM MST | posted: 1 time(s)

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