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...MULHOLLAND DR. David Lynch made the first 90 min. of this sexy thriller as a TV movie. When it didn't sell, Lynch added a coda that sends his characters into the weirdest Wonderland, as if Twin Peaks were to morph into Blue Velvet. It's not all intelligible, but it's always fabulous. Like the Coen brothers' excellent The Man Who Wasn't There, Lynch's laugh-scream of a movie dwells lusciously in the Kingdom of Noir. It ransacks old-movie style to create an avant-movie nightmare...

Author: /time Magazine | Title: The Best and Worst of 2001: Cinema | 12/24/2001 | See Source »

...reason for the higher spread is that we're in a recession and junk-bond default rates have been rising well beyond the average 3.5% a year. Nearly 1 in 10 junk-bond issues has stopped paying interest, and Martin Fridson, chief high-yield strategist at Merrill Lynch, predicts the rate will rise further next year--probably narrowly topping the record default rate of 10.3%, in 1991. But that will be the worst of it, he says, and he notes that "the last time we had record default rates, we had record returns...

Author: /time Magazine | Title: Bad Times, Good Junk | 12/24/2001 | See Source »

Parsons also has work to do on Wall Street. "Ideally, you want to underpromise and overdeliver," he says. "To the extent that we've lost credibility, repairing it is important." And not so easy. On Friday, Merrill Lynch analyst Jessica Reif Cohen lowered her earnings estimates for this year and next, pointing to clouds ahead. AOL is adding new subscribers at the rate of 12,800 a day--14% less than at the same time last year. AOL Time Warner is locked into a deal, made by AOL in the last days of the Internet bubble, committing...

Author: /time Magazine | Title: Can A Nice Guy Run This Thing? | 12/17/2001 | See Source »

Because Merrill Lynch had no experience in Internet technology, Packer hired small start-up firms to create the Web applications that powered the new online trading system...

Author: NO WRITER ATTRIBUTED | Title: Harvard Graduate Dies in Sept. 11 Attack | 12/10/2001 | See Source »

Family and friends held a memorial service for Packer in Scarsdale, New York, where he and his wife had gone in recent years to listen to choral music. A second memorial at a Merrill Lynch office in New Jersey brought out about 600 people...

Author: NO WRITER ATTRIBUTED | Title: Harvard Graduate Dies in Sept. 11 Attack | 12/10/2001 | See Source »

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