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Bank of America up on buyout of mortgage lender Countrywide Financial CNBC - Shares of Merrill Lynch & Co. slipped 43 cents to $51.60 following a New York Times report the broker would take an additional $12 billion in writedowns on mortgage-related losses when it reports fourth-quarter results next week. And American Express
Bank of America up on buyout of mortgage lender Countrywide Financial




Countrywide chief to get £115m pay-off The Independent - The 69-year-old, who founded Countrywide in 1969, was one of the most recognisable faces of the mortgage boom in the US, defending sub-prime home loans as an important way for low-income borrowers to achieve the American dream. But he also became one
Countrywide chief to get £115m pay-off

US STOCKS-Futures tumble on Merrill, American Express Reuters - Last: NEW YORK, Jan 11 (Reuters) - U.S. stock futures fell sharply on Friday as a report that Merrill Lynch & Co (MER.N: Quote , Profile , Research ) would incur mortgage-related losses of nearly twice what it previously forecast sparked more worry
US STOCKS-Futures tumble on Merrill, American Express

Market Report -- Story Stocks () MSN MoneyCentral - Specifically, the New York Times reported that Merrill Lynch & Co. (MER) may have to write-down an additional $15 billion in the fourth quarter due to bad mortgage investments, and American Express Co. (AXP) said it increased its loan loss reserves to
Market Report -- Story Stocks ()

Stocks drop sharply as subprime woes deepen International Herald Tribune - Merrill Lynch, the biggest U.S. brokerage firm, is expected to announce a $15 billion write-down on soured mortgage-backed securities, far more than analysts expected. And American Express, the credit card company, said it would take a $275 million
Stocks drop sharply as subprime woes deepen

Countrywide chief to get £115m pay-off The Independent - The 69-year-old, who founded Countrywide in 1969, was one of the most recognisable faces of the mortgage boom in the US, defending sub-prime home loans as an important way for low-income borrowers to achieve the American dream. But he also became one
Countrywide chief to get £115m pay-off




European exporters and American tourists may have to wait for stronger CNBC - Despite taking a hit from the fallout from the U.S. mortgage crisis, which has roiled financial markets worldwide, the American economy will outperform the euro zone this year, the Organization for Economic Cooperation and Development said in December
European exporters and American tourists may have to wait for stronger

Countrywide chief to get £115m pay-off The Independent - The 69-year-old, who founded Countrywide in 1969, was one of the most recognisable faces of the mortgage boom in the US, defending sub-prime home loans as an important way for low-income borrowers to achieve the American dream. But he also became one
Countrywide chief to get £115m pay-off

US STOCKS-Futures tumble on Merrill, American Express Reuters - Last: NEW YORK, Jan 11 (Reuters) - U.S. stock futures fell sharply on Friday as a report that Merrill Lynch & Co (MER.N: Quote , Profile , Research ) would incur mortgage-related losses of nearly twice what it previously forecast sparked more worry
US STOCKS-Futures tumble on Merrill, American Express

American Mortgage