Wall Street sinks on factory activity, Merrill
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Stocks slid on Thursday as data showing a sharp contraction of regional factory activity and news of a hefty loss by brokerage Merrill Lynch fanned worries about the economy.
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Stocks fell sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to concerns about the economy's health.
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Stocks slid sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to doubts about the economy's health.
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U.S. stocks slid on Friday after a manufacturing index showed its weakest reading in more than three years, prompting worries about the strength of the U.S. economy.
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Wall Street stocks fell Wednesday as a gloomy outlook from Coca-Cola Co. and a weaker reading on industrial production for August pressured on the market.
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NEW YORK -- Wall Street stumbled Friday after a key survey showed that manufacturing activity declined in November and raised concerns that the economy won't be able to achieve a soft landing.
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Wall Street stocks endured a volatile session on Wednesday in which a $7.9bn writedown at Merrill Lynch revived worries about banks' exposure to risky investments.
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Merrill Lynch & Company said today third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.
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Merrill Lynch & Co. MER.N on Tuesday  said third-quarter profit fell 8 percent, hurt by reduced  trading in debt and equity markets.
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U.S. investment bank Merrill Lynch &  Co. MER.N on Tuesday said third-quarter profit fell 8  percent, hurt by reduced trading in debt and equity markets  which pushed revenue below expectations.
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Stocks slumped for a second straight session Tuesday after Wall Street saw an unexpected contraction in the service sector as evidence that the economy is sinking into recession
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U.S. investment bank Merrill Lynch &  Co. MER.N on Tuesday said third-quarter profit fell 8  percent, hurt by reduced trading in debt and equity markets,  which pushed revenue below expectations.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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Leading shares closed a touch lower Monday as Wall Street was also negative amid disappointing factory data and after severe declines in Chinese stocks, with property sector losses weighing on UK blue-chips.
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Japanese stocks fell sharply Friday, led by steels, machinery and real estate shares, buffeted by Wall Street's overnight drop and weaker-than-expected Japanese machinery data.
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Wall Street stock indexes declined on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Merrill Lynch & Co Inc on Thursday said it took a $14.1 billion write-down in the fourth quarter on bad subprime mortgage bets plus other charges that have forced the brokerage to sell pieces of the company to foreign investors to raise capital.