Merrill Lynch's failure to hedge client's account position in Dell shares cost the brokerage $1.25 nillion
Media Release
Jul. 31, 2006

An arbitration panel recently issued an award worth more than $1.25 million to an investor who alleged that Merrill Lynch & Co. (MER) failed to hedge her brokerage account's position in Dell Inc. (DELL) shares.

Merrill Lynch's failure to hedge client's account position in Dell shares cost the brokerage $1.25 nillion
Media Release
An arbitration panel recently issued an award worth more than $1.25 million to an investor who alleged that Merrill Lynch & Co. (MER) failed to hedge her ...
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Salt Lake City-based software provider Altiris Inc. second-quarter net income fell 37%
Media Release
Salt Lake City-based software provider Altiris Inc. second-quarter net income fell 37% as the company recorded charges for the amortization of acquired intellectual property and intangible assets.
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Photronics Inc. sees lower third-quarter results due to a shortfall in flat panel display mask orders and shipments
Media Release
Photronics Inc. sees lower third-quarter results of 9 cents to 11 cents due to a shortfall in flat panel display mask orders and shipments.
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RenaissanceRe Holdings net falls 23% as the company unveiled a proposed $16 million agreement with the SEC
Media Release
The company reported a 23% drop in second-quarter net income late Monday and unveiled a proposed $16 million agreement with the Securities and Exchange Commission to settle a probe by the agency into a recent restatement by the Bermuda-based reinsurer.
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Mindspeed Technologies Inc. net loss narrows by 58%
Media Release
Mindspeed Technologies Inc. net loss narrows by 58%. The third-quarter net loss of $4.54 million, or 4 cents a share compared with a net loss of $9.47 million, or 9 cents a share, in the same period last year.
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Principal Financial reported an 8% drop in second-quarter net income
Media Release
Principal Financial reported an 8% drop in second-quarter net income late Monday, but results topped analyst estimates as the retirement-savings specialist pulled in more assets.
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Northwest flight attendants rejected a wage-cutting contract and threatened job actions
Media Release
Northwest flight attendants rejected a wage-cutting contract and threatened job actions, including a full-fledged strike, if the airline imposes a new contract on them.
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Chipotle Mexican Grill reported second-quarter profit fell 58%
Media Release
Chipotle Mexican Grill reported second-quarter profit fell 58% from results fattened by a one-time tax benefit a year ago. The casual dining restaurant chain said revenue climbed 31%.
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Tyson Foods announced a wider-than-expected quarterly loss
Media Release
Tyson Foods announced a wider-than-expected quarterly loss and further cuts to its chicken production amid a market glut.
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