Merrill Lynch
Merrill Lynch
Merrill Lynch Wealth Management is the wealth management division of Bank of America. The firm is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan. Merrill Lynch employs over 15,000 financial advisors and manages $2.2 trillion in client assets...
advertising aol believe business helping online recent turmoil
We believe the recent turmoil at AOL is probably helping Yahoo!'s online advertising business on the margin.
ability concerns crude iran nigeria nuclear oil production recent supply west
Recent disruptions of crude oil production in Nigeria and tensions between the West and Iran over its nuclear program... have contributed to concerns about OPEC's ability to supply the market.
appear both changing company european ignore neither power rapidly
Other suitors may appear for one or both companies. However, European power is changing rapidly and neither company can ignore the implications.
continue factors fall oil price prices remain risks unlikely until
Risks to oil price will continue to remain on the upside, with prices unlikely to fall materially until these factors have been resolved.
cautious consumer continue expect group near performance reflecting retail sector specialty stance tough
We continue to take a cautious stance on the specialty retail sector and expect group performance will be inconsistent in the near term, reflecting tough fourth-quarter comparisons and uncertainty about consumer spending.
appeal both claim law lost move points relating sex time unequal
Stephanie Villalba lost her sex discrimination case. She lost her claim for costs. She has now lost her appeal on points of law relating to victimization and unequal pay. It is time for both of us to move on.
april belief commitment demand downward growth market oil pressure report rising supports
The April IEA report supports our belief that rising inventories, moderating demand growth and Saudi Arabia's commitment to put more oil into the market will put downward pressure on oil prices.
considered equity legitimate price private reason
While we had not considered a private equity deal, there is no reason why, if the price were right, this should not be a legitimate option.
decision nelson personal pushed
We get the sense that this was really a personal decision made by Mr. Nelson and that he was not pushed out by the company.
accounting believe mike reason
We believe CFO Mike Lehman is one of the most conservative on the Street, and we have no reason to believe there are any accounting irregularities at the company.
believe quarters required support
We believe Yahoo! is 'priced to perfection,' and that near-flawless quarters are required to support its multiple.
believe given goodwill incumbent last operators players taken wireless
We believe that the goodwill impairment is unsurprising given most of the other incumbent operators and wireless players have already taken these impairments for overpaying for acquisitions during the last 1990s.
benefit company exposure hardware itself largest outside overcome problems sony supply xbox
From a hardware standpoint, the largest exposure outside of Sony itself is Microsoft, which could benefit if the company is able to overcome supply problems with Xbox 360.
concerns continue expect holiday performance remain season volatile
We expect group's performance to continue to be volatile as concerns about a promotional and lackluster holiday season remain the near-term focus.