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Merrill brokerage chief McCann to leave
NEW YORK (Reuters) - Bob McCann, head of brokerage at Merrill Lynch & Co, announced his plans to leave the securities firm, just days after its acquisition by bank of america was completed.
Telegraph

Quantity Is Job 1
Ford Motor Co. reported December sales were off more than 32 percent, year over year, a decline on par with drops at General Motors Corp., Toyota Motor Corp. and Honda Motor Co. Ford said in a news release that December individual vehicle sales fell 27 percent, and fleet sales were down 42 percent, across Ford, Lincoln and Mercury brands. For the full year, sales decreased 20 percent overall. Nonetheless, the automaker saw its market share increase by 0.7 percent over the month, to an estimated 14.6 percent, driven by strong sales for its new F-150 pickup truck. Ford estimated its full-year market share at 15 percent. Toyota, which bases its motor engineering and manufacturing operation in Erlanger, saw an even bigger drop in December. Toyota’s sales fell 37 percent during the month, according to MSNBC.com, and 16 percent for 2008. Honda saw its December sales plummet by 35 percent, and registered an 8 percent decline for the year. Honda of America Manufacturing Inc.,
Portfolio

Latin America stocks gain on US construction data
Latin American stocks rose Monday as investors bet better than expected economic news from the U.S. would buoy local markets. Brazil's benchmark Ibovespa index climbed 3.2 percent to close at 41,519, adding to a 7 percent gain seen on Friday, the first...
San Francisco Chronicle

Sharp drop in small business loans
The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.
CNN

Parents Say They May Not Be Able To Pay Fees In Forex - Voice of America
Parents Say They May Not Be Able To Pay Fees In ForexVoice of America - 2 hours ago... says even private schools will be deserted next week as teachers cannot afford to go to work due to low salaries, and families cant afford forex fees. ...
Info 5000

Laid off? Hyundai will take your car back
Hyundai Motor America is taking aim at Americans' worries about job security: If you buy a new Hyundai and lose your job within a year, you can give it back.
CNN

Stock market slide causing people to delay retirement
I wouldn't call it unexpected, but a just-released bank of america survey finds that 'Despite Tightening Their Wallets, Americans Are Further from Achieving Their Retirement Goals Amidst Weakening Economy.'Among the...
About

Anderson Kill & Olick Renews 44,100 SF in New York
Anderson Kill & Olick renewed its 44,100-square-foot lease at 1251 Avenue of the Americas in New York. Newmark Knight Frank signed the law firm for another 18 months.The 54-story, 2,291,317-square-foot office tower was built in 1972 in Rockefeller...
CoStar Group

Wealth-Management Chief at Merrill Lynch to Exit
McCann's departure follows acquisition by bank of america.
Smartmoney.com

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Archived "business - americas" news stories.

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