Merrill Lynch Reported Ready to Dismiss Head
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The Merrill Lynch board reached a consensus that E. Stanley OâNeal will not stay chairman, people briefed on the discussions said.
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Jeffrey Greenberg, chairman and chief executive of embattled insurance broker Marsh & McLennan Cos. , is expected to step down within hours, a newspaper reported on Friday, citing people close to the discussions.
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Merrill Lynch & Co Inc.  may  look to sell its 20 percent stake in Bloomberg LP to raise  capital after writing down $8.4 billion of assets last quarter,  some investors have said.
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NEW YORK -- Stan O'Neal, the beleaguered chief executive of Merrill Lynch & Co., was reportedly close to resigning Sunday amid broad criticism for leading the world's largest brokerage to its biggest quarterly loss since it was founded 93 years ago.
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Eliot Spitzer&#39;s attack on the US insurance industry is expected to intensify pressure for the resignation of the head of Marsh &amp; McLellan, the company at the centre of the allegations.
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The Senate Judiciary Committee chairman said Sunday he was ready to go to court if the White House resisted subpoenas for information on the firing of federal prosecutors.
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Bruce Wasserstein&#39;s plan to sell shares of Lazard LLC, the world&#39;s largest closely held investment bank, may face opposition from the firm&#39;s 11-member board tomorrow at a meeting in Paris, people familiar with the matter said.
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Unwritten assurances from Enron Corp. to keep trying to sell Merrill Lynch &amp; Co.&#39;s $7 million interest in three power-generating barges wasn&#39;ta &quot;legal impediment&quot; to making that investment, an in-house lawyer for the brokerage testified Monday.
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Merrill Lynch & Co Inc  may get up to $5 billion in a capital infusion from Singapore state investor Temasek Holdings , the Wall Street Journal reported on Thursday.
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Marsh &amp; McLennan chief executive Jeffrey Greenberg could announce his resignation as soon as today as a result of New York attorney general Eliot Spitzer&#39;s investigation into alleged corruption in the insurance industry.
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Prosecutors in the first Enron Corp. (ENRNQ.PK: Quote, Profile, Research) criminal trial sought to cast doubt on Wednesday on a former Merrill Lynch (MER.
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A person with knowledge of SundayÂs HP board meeting said there is a strong chance that Patricia C. Dunn will be forced to resign.
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Merrill Lynch & Co Inc  board members are considering whether to replace Chief Executive Stan O'Neal after he oversaw record losses and discussed a merger with a rival U.S. bank without their knowledge, according to people familiar with the situation.
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Merrill Lynchâs board has begun to contact top Wall Street executives about replacing the embattled E. Stanley OâNeal.
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Merrill Lynch sees shares climb more than 8%, on reports that it could soon have a new chief executive.
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Merrill Lynch & Co.  Chief Executive Stan O'Neal broached the idea of merging with Wachovia Corp.  without first getting board approval, angering some members so much they considered replacements for O'Neal, the New York Times reported on Friday.
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WILMINGTON, Del. A director at PeopleSoft says the company&#39;s board is ready to drop its resistance to Oracle&#39;s hostile takeover bid -- if it can strike a better deal.