A merger could help Merrill weather the deepening crisis and make Wachovia a much more powerful financial player.
Three reports on rising unemployment, falling home sales and contractions in manufacturing orders offered reminders of the hurdles facing the financial markets as they weather a deepening downturn.
Japanese banks have been selling overseas assets over the last two years to bolster finances as they write off record bad loans and try to weather a deepening recession at home.
Suzuki said Monday that it would buy back the 3.02percentt stake from the American auto giant, which is seeking a $25 billion government lifeline, together with the Ford Motor Company and Chrysler, to weather the deepening economic crisis.
"Unfortunately the weather did deepen and we were unable at that time to actually get into port".
Speculation abounds as to how various industries will weather and adapt to this deepening recession.
In 2005 weather forecasters watched as a tropical depression deepened into a tropical storm.
The cold, snowy and sleety weather this week is due to a rapidly deepening low pressure system in the north Atlantic, which is pushing associated bands of cloud and rain across the country as it tracks north eastwards.
The three outsiders' friendships weather reversals, haircuts and boys, only to deepen.
