Topic: Merrill Lynch & Co. Inc.

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  • Goldman resignation tip of iceberg

    While Greg Smith's public resignation has attracted media attention, regulators and Wall Street insiders say Goldman Sachs' problems come as no surprise.

  • A hard landing for China? Six top economists weigh in.

    China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing.  It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.

  • The Circle Bastiat How to invest in the housing market. Really.

    Greg Lippmann, made a star by author Michael Lewis in The Big Short, for making millions on the housing collapse, is now taking the other side of the bet and buying mortgage backed securities. It seems foolish on the surface, but it's actually a shrewd investing opportunity.

  • The Reformed Broker Big brokerage firms aren't paying attention to their clients

    As financial firms become bigger and bigger, they are focused on corporate profitability over the satisfaction of their brokers and clients.

  • Dow comes within nearly 50 points of 13000

    The Dow rose 45 points to close at 12949 Friday, inching toward a 13000 mark it hasn't seen since before the 2008 financial crisis.

  • The Simple Dollar Banks are not your friends

    Financial institutions do  not give you money because they want your dreams to come true. They give you money for their own gain. Here are the best ways to reduce your reliance on these businesses.

  • As red ink flows, Japanese firms struggle to keep manufacturing at home

    Japan's manufacturing base is hollowing out as many electronic and car factories move overseas. Meanwhile, a strong yen is sending firms on an international buying spree.

  • Robert Reich Romney can take risks. He's rich.

    Mitt Romney is casting his campaign as a defense of free enterprise, hard work, and risk-taking. Easy for him to say: the higher you go on the economic ladder, the easier it is to make money without taking any personal financial risk at all. The lower you go, the bigger the risks.

  • Financial fallout for Penn State: $2 billion fundraising drive in danger?

    Financial fallout for Penn State: $2 billion fundraising drive in danger?

    Penn State reports that its seven-year capital campaign has reached 72 percent of its target. But the remaining 28 percent could present a challenge if donors don't rally around Penn State.

  • U.S. economy finally back to pre-recession level

    U.S. economy finally back to pre-recession level

    U.S. economy posts 2.5 percent increase for third quarter, up from 1.3 percent in second. Biggest challenge for U.S. economy: jobs.