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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (4162)	3/10/1999 11:45:00 AM
From: Rande Is	Respond to of 57584

Could this be why Merrill Lynch analysts carry SO much weight with CNBC? . . . should be a BIG money deal. . .yet no value placed on deal in this PR. . . .so is it for something OTHER than money? . . .and what is next? CNBC buys The Island trading system?. . .like Reuters News Service that owns Instanet? pasted from today's news: - - - - - - - - - - - - - CNBC/Dow Jones Business Video to Provide Real-Time Financial News to 14,000 Merrill Lynch Brokers Premier Access to Breaking CNBC News Through Desktop Network NEW YORK, March 10 /PRNewswire/ -- CNBC/Dow Jones Business Video today announced that it will be providing CNBC Video and text news summaries to more than 14,000 Merrill Lynch & Co. Financial Consultants through the Trusted Global Advisor (TGA) workstation platform. This is the first time that a financial institution has offered its national retail brokers such unparalleled access to CNBC news via their desktops. Bill Bolster, President of CNBC said, "CNBC is becoming part of the essential research at the world's premier financial services firms, and by making this service easily accessible, Merrill Lynch is putting a powerful tool in the hands of its Financial Consultants." TGA, which was launched in 1996, provides integrated access to financial markets and planning tools as well as client information, enabling Merrill Lynch Financial Consultants to deliver the Merrill Lynch advantage and enhance the total client relationship. The partnership with CNBC/Dow Jones Business Video will allow Merrill Lynch Financial Consultants to access LIVE CNBC news, text summaries and transcripts. Philip Gilligan, Merrill Lynch First Vice President of Distributed Applications Technology said "The TGA workstation was designed to provide our Financial Consultants with the information and financial planning tools they need to provide unmatched wisdom and service to our clients. The combination of LIVE CNBC and text transcripts enhances the ability of TGA to deliver critical information to our Financial Consultants and clients. Mike Wheeler, President of CNBC/Dow Jones Business Video, said, "Information is coming to market more quickly every day. Merrill Lynch has always been a leader in making sure its professionals have access to the latest news. This combination of access to the video of CNBC, coupled with transcripts, insures that Merrill Lynch Financial Consultants have the latest tools to serve their clients." About Merrill Lynch Merrill Lynch is one of the world's leading financial management and advisory companies with offices in more than 40 countries and total client assets exceeding $1.4 trillion. As an investment bank, it is the top global underwriter and market maker of debt and equity securities and a leading strategic advisor to corporations, governments, institutions, and individuals worldwide. Through Merrill Lynch Asset Management and Merrill Lynch Mercury Asset Management the company is one of the world's largest managers of financial assets with assets under management exceeding $500 billion. About CNBC/Dow Jones Business Video CNBC/Dow Jones Business Video (Business Video) provides business and financial professionals with live and archived coverage of market moving events, interviews and analysis. Business Video offers affiliate sites "Business Video Centers," containing select video content from its unparalleled subscription site at cnbcdowjones.com. Web site content includes over 18,000 archived pieces from CNBC worldwide, and CEO and analyst interviews conducted by the Business Video team of reporters. Content is also distributed through financial research and news aggregators such as Audible, Bridge, First Call, NewsEDGE, Multex, and WavePhore. Business Video is a joint venture of Dow Jones (NYSE: DJ), Microsoft Corporation (Nasdq: MSFT) and NBC and is a separate business from the MSNBC 24-hour cable news services and its companion Web site, MSNBC.com. SOURCE CNBC/Dow Jones Business Video CO: CNBC/Dow Jones Business Video; Dow Jones; Microsoft Corporation; NBC