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Rating:Mother Merrill Vacating Canada? Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, November 07, 2001

Mother Merrill Vacating Canada?

Reported by InvestmentWires Staff, 

According to an article in The Wall Street Journal, Merrill Lynch is contemplating selling its retail brokerage business in Canada. The article quotes a memo from Kelly Martin, president of Merrill's international private client group, which states that the sale was one of a number of possible options under consideration.

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Bruce Calvert, chairman and ceo of Alliance Capital Management, will present at the 2001 Salomon Smith Barney Asset Management Conference in Boston on Tuesday, November 13, 2001, at 8:35 a.m. Eastern Time.

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In the United States, worker productivity rose during the third quarter while employers were cutting workers' hours at the highest rate in 10 years states an article in The New York Times. Productivity was up 2.7%, while there was a drop of 3.6% in hours worked. 

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