Saturday, June 08, 2002

Merrill Lynch revises rating system




The Associated Press

        NEW YORK — Investment bank Merrill Lynch on Friday announced plans for a new rating system for stocks, intended to be easier for investors to use. Its research analysts would be paid according to a new performance-based system.

        The changes were required under an agreement reached last month with New York's attorney general, who accused the company's analysts of misleading investors. Merrill Lynch must stop rewarding its 800 analysts for helping the firm win investment banking fees for arranging mergers and new stock offerings.

       



Oil plant expansion gets OK
Panelists maintain faith in markets
Woman tangled in auto scheme
Local auto posters get global status
Economists: Numbers nice, but labor market lags
Market decline hurts investor confidence
- Merrill Lynch revises rating system
HIGGINS: Personal Finance
Savvy Strategies
Rate report
Business Digest
Tristate Summary
What's the Buzz?