An assassination attempt plunged Larry Speakes into the brightest of national spotlights as chief spokesman for President Ronald Reagan. When Reagan’s press secretary James Brady was severely wounded in the 1981 attempt on the president’s life, Speakes was thrust into the eye of the storm. As White House spokesman for six years, a long tenure in the sensitive post, he was credited with 2,000 news media briefings.
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Friday 05 December 2008
The FTSE 100 was down 32.67 points at 4130.94 and the FTSE 250 eased to 5792.89, down 8.93 points, at noon.
Wednesday 22 October 2008
Liverpool co-owner Tom Hicks remains insistent he has no intention of selling the club despite their plans to build a new stadium being thwarted.
Friday 03 October 2008
John Thain, the chief executive of Merrill Lynch who has been credited by some with organising the sale of the investment bank to Bank of America and avoiding the ignominy of collapse, will stay with the enlarged group when the takeover deal goes through.
Wednesday 20 August 2008
Katherine Garrett-Cox, one of the most celebrated women in the asset management industry, has been handed the reins at Alliance Trust, the UK's biggest generalist investment trust.
Saturday 16 August 2008
Business groups such as the CBI have given the Treasury a tough time this year over the taxation of multinational companies. Richard Lambert, the organisation's director-general, has repeatedly warned that more companies will choose to move their tax base elsewhere if the Government presses ahead with reforms of the way in which overseas profits are taxed. Let's hope then, that Mr Lambert will be equally quick to congratulate the Exchequer for the munificent rules that look likely to enable the investment bank Merrill Lynch to avoid paying any UK tax for many decades to come.
Wednesday 30 July 2008
The banking crisis began as a problem with liquidity, but now it's been transformed into one of capital adequacy to judge by the kitchen sinking announced on Monday night by John Thain, chief executive of Merrill Lynch. Is this the third, or fourth, such exercise in writedowns to be announced by the thundering herd? It's easy to lose count.
Friday 18 July 2008
Merrill Lynch wrote off another $9.4bn from the value of its holdings in US mortgages and derivatives last night, taking its total writedowns since the credit crisis began to more than $40bn.
Thursday 17 July 2008
Merrill Lynch, the US investment bank, has scrapped a cost-of-living increase for its UK pensioners to cut expenses after taking $37bn (£18.5bn) of write-downs from the credit crunch. The bank, which reports second-quarter results today, has written to its British pensioners telling them they would not receive the discretionary payment, which has been made for several years. “Merrill Lynch will base its 2009 decision on all the circumstances existing at that time and make a decision that is in the best interest of the company,” the bank said in its letter.
Friday 04 July 2008
Sunday 11 May 2008
One of the City's most prolific dealmakers, Caroline Silver, has quit her role as vice chair of investment banking at Morgan Stanley to join rival American house, Merrill Lynch.
Thursday 17 April 2008
Merrill Lynch today said it planned to cut 4,000 jobs after posting a quarterly loss of $2bn (£1bn).
Sunday 09 March 2008
Saturday 08 March 2008
We've seen the X-Men. We've seen the Fantastic Four. We've seen, most lucratively, three (soon to be four) instalments of the Spider-Man saga.
Wednesday 16 January 2008
Two of Wall Street's biggest banks have raised $21bn (£10.7bn) in a single day, a vital step towards repairing their battered balance sheets and shoring up investor confidence in the face of mounting losses on the US mortgage market.
Sunday 13 January 2008
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
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