Business news for Mon, 24 Dec 2007 & with words financing+investment. 3 news.

Merrill Lynch said Monday it will take $6.2 billion in investments from the Singapore government and a mutual fund manager to shore up its capital base, as many analysts expect the investment bank to announce a second consecutive quarterly loss next month. It is the latest instance of a Western bank to seek emergency financing from [...]

Merrill Lynch, in an effort to raise cash amid mounting mortgage losses, agreed Monday to sell the majority of its capital finance business to General Electric for an undisclosed amount. The deal will allow Merrill to reallocate about $1.3 billion of capital into other parts of its business, John A. Thain, the investment bank’s chief executive, [...]

Goldman Sachs on Friday agreed to buy a $260.5 million stake in First Marblehead, shoring up the troubled student-loan company and sending its stock soaring. The investment bank also agreed to extend a $1 billion credit line to First Marblehead, providing a crucial source of financing for the company. Shares of First Marblehead surged 66.4 percent [...]