Types Of Bankruptcy

Computer Sciences Corp. opens secure building  In August, the National Security Agency let its defense contractors know that there was an unquenchable demand for secured office space.read more...


Charms and Challenges Of a Tiny Old Town    For almost four decades, the citizens of tiny Brookeville, population 155, have really wanted one thing -- a bypass around their 19th-century village. read more...


City will remodel its jail  The City Council has authorized the Marysville Police Department to begin a $372,550 remodeling of the city jail that will add 10 beds.via


Fiserv loan origination system adds fraud prevention tool  Aims for early fraud detection in real estate loans Monday, October 17, 2005 Inman News Interthinx, a provider of mortgage fraud prevention tools, has integrated its DISSCO fraud detection and


Condo fever alters face of Ocean City  Ocean City -- Norman Gilden bought his first vacation home in Ocean City three years ago, expecting his $359,000 investment would grow.via


ValueClick's 2005 EPS Seen Pressured By Higher Costs  Largest Private Cos. People World's Richest People 100 Top Celebrities 400 Richest Americans Best Paid CEOs Places Best Places Personal Finance Estate Planning Funds Philanthropy Retirement Strategies Taxes ...via

October 28th, 2007

Reports: Merrill Lynch CEO Close to Exit

“I’m not going to talk around the fact that there were some mistakes that were made”

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.

In a week that included an $7.9 billion write-down related to subprime mortgages and O’Neal’s unauthorized overture to sell the company to retail bank Wachovia Corp., the board of Merrill Lynch reached a broad consensus Friday for his dismissal, according to several media reports. He would become the highest-ranking casualty of the global credit crisis that swept through Wall Street’s biggest investment banks during the third quarter. Read more



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