For financial management company Merrill Lynch, it seems the bad news just keeps on coming. It’s been a tumultuous couple of weeks for Merrill Lynch. Already battered and reeling from a series of large writedowns stemming from the subprime crisis, the current credit crunch proved too much for the company to bear as the Wall [...]

Remember the famous scene from the movie “Jerry McGuire” where sports agent Jerry has just been fired by his agency and is in his office frantically trying to contact all of his clients in a futile attempt to retain their business? Unfortunately for Jerry, his rival agent, Bob Sugar, has already prepared for this and [...]