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Wachovia Reaps Rewards With Active Systems Monitoring
www.baselinemag.com | 13 hours 59 minutes ago
Wachovia's battery of systems-management and monitoring tools reacted too slowly. Here's how they dealt with the situation....<div
Wachovia Securities appoints head of food and beverage investment banking
www.drinks-business-review.com | 20 hours 40 minutes ago
Wachovia Securities has appointed Chris Morris as managing director and head of food and beverage investment banking.
http://www.drinks-business-review.com/article_news.asp?guid=44FCB853-226D-42E4-A761-915B181221CF
UPDATE 1-Merrill may write down $5 bln in Q2 - Wachovia - Reuters
uk.reuters.com | 21 hours 28 minutes ago
(Recasts; adds details, share movement) July 8 (Reuters) - Merrill Lynch & Co is expected to write down about $5 billion in the second quarter, said Wachovia, which expects the No.
http://uk.reuters.com/article/governmentFilingsNews/idUKBNG12320020080708
Chris Morris Joins Wachovia Securities as Head of Food and Beverage
www.prnewswire.com
CHARLOTTE, N.C., July 7 /PRNewswire-FirstCall/ -- Chris Morris has joined Wachovia Securities as managing director and head of Food and Beverage Investment Banking. He will be based in New York and will report to John Hudson, managing director and head of Consumer and Healthcare Investment Banking.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/07-07-2008/0004844270&EDATE=
Web Sites

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ReedHardware
www.nationalhardwareshow.com
Bio: Joe has served as financial advisor exclusively to owners of privately held and family-controlled businesses and high net worth families for the past 19 years.
Congress Financial
Wachovia's Asset Based Lending Group and Congress Financial have joined to form a stronger Wachovia Capital Finance. As a result, we'll be able to bring you the full array of products and services Wachovia has to offer in your location.
Beverly Hanson, Business Development Manager for Mariner, and Claudia Brookshire Cotter, Vice President of Information Technology for Wachovia
www.insight24.com
Beverly talks about Mariner and their partnership with Microsoft, Claudia shares Wachovia’s history, and both discuss the value and benefits of business intelligence using Microsoft technologies, enabling better decisions in a cost-effective way.
Watters v. Wachoiva - Supreme Court Sides With Feds In Bank Preemption Case
www.mortgagenewsdaily.com
The right of the federal banking oversight system to preempt any attempts by the various states' to regulate federally chartered financial systems has been discussed several times in these pages over the last month.
http://www.mortgagenewsdaily.com/4202007_Watters_Wachovia.asp
News from Zibb.com
Total : 170 View more »
Wachovia (WB) NewsBite - WB Rises on Bernanke's Comments - Zibb.com
Jul 08, 2008 (Fresh Brewed Media via COMTEX) --
Wachovia Corp (WB) opened at $14.14. So far today the stock has hit a low of $13.67 and a high of $14.14. WB is now trading at $14.04, up 0.15 (1.08%). After hitting a one-year high of $53.10 in September, the stock hit a one-year low of $13.38 yesterday. WB shares are trading higher this morning after Federal Reserve chairman Ben Bernanke said the Fed may grant investment banks more time to borrow from the central bank's emergency loan program. Technical indicators for WB are bearish and improving slightly, while S&P gives the stock a bearish 2 Stars (out of 5) Sell rating. For a hedged play on this stock, consider a July bull-put spread below the $12.50 range. WB hasn't been below 12.50 at all in the past year, and could lose up to 12.2% before this trade runs into trouble.
LHF- Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Tags: bank emergency federal reserve investment investment opinion S&P trade
Companies: Wachovia Corp. (WB)
Law Offices of Brodsky & Smith, LLC Announces Expanded Class Period in Class Action Lawsuit Against
BALA CYNWYD, PA, Jul 08, 2008 (MARKET WIRE via COMTEX) --
Law offices of Brodsky & Smith, LLC announces that a class action lawsuit alleging an expanded class period has been filed on behalf of all persons who purchased the common stock of Wachovia Corp. ("Wachovia" or the "Company") (NYSE: WB) between May 8, 2006 and June 6, 2008. The class action lawsuit was filed in the United States District Court for the Southern District of New York.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of Wachovia.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you are a Wachovia shareholder you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you want to discuss your legal rights, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Evan J. Smith, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
Contact: Evan J. Smith, Esquire Marc L. Ackerman, Esquire Brodsky & Smith, LLC Email Contact 877-LEGAL-90
SOURCE: Brodsky & Smith, LLC
http://www2.marketwire.com/mw/emailprcntct?id=9CCA533A1067BE2B
Tags: email e-mail federal law lawsuit legal nyse pennsylvania securities
Companies: Wachovia Corp. (WB)
Wachovia CP Plunges to Record Lows, Says Market Timer Frank Kollar - Zibb.com
(financialwire.net via COMTEX) --
July 8, 2008 (FinancialWire) (By Frank Kollar) Shares of Wachovia CP (NYSE: WB) have reached levels not seen since 1994.
Wachovia has now declined some 76% from its 2007 highs and its chart is, amazingly, saying it has lower still to go. Wachovia hit those lows last week and on Monday, July 7, 2008, this beleaguered stock has managed to trade well below those 1994 lows and closed considerably lower.
When all supports have been broken, it is not easy to forecast how low a stock will go in future weeks. How could anyone have forecasted Nortel's lows from $90 to less than $1? But any aggressive trader who wants to try buying this stock would be well advised to wait for a decisive reversal pattern.
Now is not the time to try catching this falling knife.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar's research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
http://www.financialwire.net
Tags: bond communications economic indicator gold index market nasdaq nyse online research S&P small cap standards trade
Companies: Wachovia Corp. (WB)
Merrill Lynch now expected to post 2Q, 2008 losses at Wachovia Capital - Zibb.com
NEW YORK, Jul 08, 2008 (Thomson Financial via COMTEX) --
Merrill Lynch is now expected by Wachovia Capital to post losses for both the second quarter and for 2008, citing expectations of $5 billion in marks centering around its exposure to collateralized debt obligations and monoline insurers.
Analyst Douglas Sipkin cut his second-quarter outlook to a loss of $2.16 a share from a profit of 63 cents a share, and lowered his 2008 estimate to a loss of $3.11 a share from earnings of 15 cents a share.
Sipkin said that besides exposure to CDOs and monolines, Merrill should also experience deterioration of its subprime, Alt-A and leveraged loans.
He expects Merrill's retail business to report solid results for the second quarter, but doesn't think it will be enough to offset its weak banking business, given asset marks and decreased merger and acquisition activity.
Sipkin added that consideration of sales of its stakes in Blackrock Inc. and Bloomberg L.P. are a "negative" for Merrill, as they some of the "few remaining positive elements of the Merrill Lynch story amid the consecutive quarterly losses."
Merrill shares closed Monday at $30.36, and has lost 39% since the end of April. Tomi Kilgore tk1
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News from Zibb.com
- Wachovia (WB) NewsBite - WB Rises on Bernanke's Comments - Zibb.com
- Law Offices of Brodsky & Smith, LLC Announces Expanded Class Period in Class Action Lawsuit Against
- Wachovia CP Plunges to Record Lows, Says Market Timer Frank Kollar - Zibb.com
- Merrill Lynch now expected to post 2Q, 2008 losses at Wachovia Capital - Zibb.com
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