Merrill CFO says limited risk to Bear hedge funds

(Reuters) - During a conference call with analysts and investors, Edwards reassured them that Merrill Lynch took effective risk management measures before investing in the hedge funds.




He said the company's current exposure to Bear Stearns is "limited and well under control."


Read more at Reuters.com Market News

Treasuries Fall as Investors' Concern Over Subprime Mortgage Crisis Eases

(Bloomberg) -- Treasuries fell for the first time
in three days as concern ebbed about losses in securities backed
by subprime mortgage loans.

Investors sold government debt after Merrill Lynch & Co.,
the third-biggest U.S. securities firm, said second-quarter
profit rose 31 percent even as revenue declined in the unit that
includes its mortgage business.


Read more at Bloomberg Bonds News

Futures flat, Merrill rises after earnings

(Reuters) - Stock futures trimmed earlier losses after Merrill Lynch, the world's largest brokerage, reported earnings and revenue that beat Wall Street estimates. Merrill's shares rose more than 2 percent before the opening bell.




The Labor Department's producer prices index for June is expected to show a 0.2 percent pickup in overall prices. Excluding food and energy, producer prices are also forecast to have risen 0.2 percent. The PPI data is scheduled for release at 8:30 a.m. .


Read more at Reuters.com Hot Stocks News

Merrill Lynch Q2 profit rises 31 percent

(Reuters) - Analysts, on average, looked for Merrill Lynch to earn
$2.02 a share, according to Reuters Estimates.




Read more at Reuters.com Bonds News

Korea Exchange Bank to Sell Dollar Debt After Moody's Boosts Credit Rating

(Bloomberg) -- Korea Exchange Bank, controlled by
U.S. buyout firm Lone Star Funds, plans to sell dollar-
denominated bonds after Moody's Investors Service lifted its debt
rating by three levels.

Seoul-based Korea Exchange hired Calyon, HSBC Holdings Plc,
Merrill Lynch & Co. and Morgan Stanley to arrange the sale of the
five-year floating-rate notes, according to an e-mail sent to
investors today by the underwriters. Korea Exchange will set
terms after marketing the securities to investors in Singapore on
July 11 and Hong Kong on July 12, the e-mail shows.


Read more at Bloomberg Bonds News

Trump Entertainment buyout fizzles

(Reuters) - Trump Entertainment, which in March said it hired Merrill Lynch to help it consider its options, said it will continue to review other strategic alternatives.




Failure by Donald Trump's casino company to reach a deal comes amid a generally buoyant market for casino assets.


Read more at Reuters.com Mergers News

Biogen says completes $3 billion share buyback

(Reuters) - The company said it will borrow $1.5 billion through a loan
agreement with Merrill Lynch Capital Corp. as administrative
agent and Goldman Sachs Credit Partners LP as syndication agent
to partially finance the share repurchase.




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Bear Stearns not planning to bail out second fund: source

(Reuters) - Merrill Lynch analyst Guy Moszkowski said on Monday that he
thought Bear Stearns may have to bail out a second Bear-managed
fund, the High-Grade Structured Credit Strategies Enhanced
Leverage Fund, which was down around 23 percent through the
first four months of the year.




But Bear does not plan a bail-out for that second fund at
this juncture, a source said. Bear Stearns declined to comment.


Read more at Reuters.com Bonds News

RPT-REFILE-FFCB launches $1.0 bln 2-year designated bonds

(Reuters) - The bonds will price later on Friday via the joint lead
managers on the sale, which are Nomura Securities International
and Merrill Lynch .




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US STOCKS-Indexes flat as subprime worries offset takeovers

(Reuters) - NEW YORK, June 18 - U.S. stocks were little
changed on Monday as lingering worries about the subprime
mortgage market offset optimism about corporate takeovers.




Shares of Bear Stearns fell 1.5 percent after the Wall
Street Journal reported that investment bank Merrill Lynch
has seized $400 million in assets of a troubled hedge
fund at Bear Stearns Cos. Inc. . For details see
[ID:nN16314376].


Read more at Reuters.com Bonds News

European Power Prices May Jump Because of Warm Rivers, Merrill Lynch Says

(Bloomberg) -- European power prices may jump this
summer because of limits on how much hot water utilities can
return to rivers and seas when the weather is warm, Merrill Lynch
& Co. said.

Utilities in Germany, including E.ON AG and Vattenfall AB,
have been forced to reduce capacity in at least one nuclear plant
in Europe's biggest power market because of environmental
restrictions on the water used to cool facilities.


Read more at Bloomberg Energy News

Merrill Lynch seizes Bear Stearns fund assets: report

(Reuters) - The losses related to subprime mortgages. Bids for the seized assets are scheduled to be negotiated starting at noon EDT on Monday, the report said.




Representatives of Bear Stearns and Merrill Lynch could not be immediately reached for comment.


Read more at Reuters.com Business News