The index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.7%.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Attorney General Andrew Cuomo this afternoon announced settlements with Merrill Lynch, Goldman Sachs and Deutsche Bank on the sale auction rate securities.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
The firm saw net income slip to $49.6 million from $55.8 million in the year-ago period.
Goldman Sachs, Morgan Stanley and Lehman Bros. had their earnings estimates slashed by Sanford C. Bernstein & Co.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
The SEC chairman said investigations will go beyond the banks and include the brokerages that sold the investments.
