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Nov. 9 (Bloomberg) -- Obrascon Huarte Lain Brasil SA, known as OHL, was upgraded to “buy” from “neutral” at BofA Merrill Lynch Global Research, which raised its price estimate to 38 reais from 25 reais.
Nov. 10 (Bloomberg) -- Bank of America Merrill Lynch, Barclays Plc and JPMorgan Chase & Co. are competing to sell shares for state-run companies in India as the government plans the biggest sell-off in at least five years.
Bankruptcy, taxpayer bailouts appear inevitable.
SINGAPORE (Dow Jones)--Asian shares ended mostly higher Tuesday as financials got a lift from the strong finish on Wall Street. Chinese shares ended higher for an eighth successive session, aided by automobile stocks on data showing that passenger vehicle sales surged nearly 76% in October.
Robert McCann, the new chief of UBS' wealth-management business in the U.S., has grabbed some former Merrill Lynch executives to help him revive the division of the Swiss bank.
Financials rise after a strong show on Wall Street, though the gains were capped in some markets as commodity stocks came off their highs.
Nov. 10 (Bloomberg) -- Bank of America Corp. hired Arif Imam , a former managing director at Morgan Stanley, and three other directors from rivals including Credit Suisse Group AG to boost its Japan equity sales business.
Nov. 10 (Bloomberg) -- Hedge fund assets may top the previous $2 trillion high by the end of next year as double-digit average returns lure investors, said Barry Bausano , Deutsche Bank AG’s global co-head of prime finance.
Bank of America Merrill Lynch, Barclays Plc and JPMorganChase & Co. are competing to sell shares for state-run companies in India as the government plans the biggest sell-off in at least five years.
Miv Investments Inc. has initiated an independent bullish technical trading alert for 11/10/09 on National Coal Corp. (NASDAQ: NCOC ) and BioElectronics Corp. (OTC:BIEL.OB). BioElectronics Corp. gained tremendous buying pressure leading into market close, and National Coal Corp. saw its shares rise 7.62% within after hours trading on high volume.
Nov. 10 (Bloomberg) -- Japanese stocks rose, led by banks after Financial Services Minister Shizuka Kamei said the government is willing to tolerate domestic banks “briefly” falling below capital ratios to ensure the supply of credit.
Nov. 10 (Bloomberg) -- Robert J. McCann , the former Merrill Lynch & Co. executive who joined UBS AG last month as the head of wealth management in the Americas, hired four former Merrill colleagues to help run the unit.
Nov. 10 (Bloomberg) -- Gold traded within half a percent of its record in Asia as a slumping dollar increased investor appetite for bullion as a store of value.
Nov. 10 (Bloomberg) -- Investors should buy speculative- grade Asian bonds because yield premiums are above historical averages and are set to fall, according to Gregor Carle , Fidelity International’s fixed-income investment director.
Sometimes the stars align and forces collide in a special place at a unique point in history. This was the case last week when New York Mayor Michael Bloomberg hailed the Yankees after their World Series win, writes David Weidner.
The hunt for a new Bank of America Corp. chief executive could be completed by Thanksgiving, a bank spokesman said Monday, as the company's search for Ken Lewis' replacement enters its seventh week.
