Bloody Wednesday Ends With Late Rally

Story date: 2007-10-24 03:05:00
Added on: 2007-10-24 23:16:58

Forbes - Merrill announced a $7.9 billion write-down related to bad mortgage bets and losses due to the credit crunch. Far beyond the $5 billion the company had initially forecast, the write-down sent investors fleeing. Merrill was off the day's lows on the ...


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