Be bullish-but not here

Article Abstract:

U.S.-based Merrill Lynch & Co. stops advertising its retail business in Japan due to competition and a sluggish market. The retail brokerage market in Japan has been very competitive because of online brokerage services and the deregulation of commission fees in 1998. Spokesman Aston Bridgman blames the market for losses incurred since opening business in July 1998, and cites the $80 million annual advertising costs as a sector for cost-cutting initiatives.

Advertising, Advertising Activity

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Merrill reorganizes in Tokyo

Article Abstract:

Merrill Lynch and Co. will restructure its Japanese operations following the decision of the president of the company's Tokyo institutional banking group, John Sievwright, to accept a voluntary buyout. The company will combine its retail and institutional banking businesses, which will then be managed by a committee of three senior managers: Junichi Nagaya, Izumi Kobayashi and Hidemi Fukuhara.

Strategy & planning, Executive changes & profiles, Management, Officials and employees, Appointments, resignations and dismissals, Sievwright, John, Nagaya, Junichi, Kobayashi, Izumi, Fukuhara, Hidemi

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Enron mess alarms Japanese investors: Collapse sparks a run on money-market funds with related losses

Article Abstract:

The financial downfall of the Enron Corp. in the United States has caused Japanese investors to pull money out of Enron-invested funds. Nikko Cordial Corp. and Dabhol Power Company are the worst off due to close ties with the Enron Corp.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Natural Gas Distribution, Electric services, India, Securities prices, Gas transmission and distribution, Gas Transmissn & Distributn, Statistical Data Included, Finance, Securities, Gas industry, Gas transmission industry, Enron Corp., ENE, Dabhol Power Co., Nikko Cordial Corp.

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