Merrill Posts Huge Loss; Chief Says Firm’s Capital Is Adequate (NYTimes.com via Yahoo! Finance)
Story date: 2008-01-18 05:40:28
Added on: 2008-01-18 18:24:07
Merrill Lynch’s stock plummeted after it took a $16.7 billion write-down and had a $9.8 billion fourth-quarter loss.
Read more...
Related Stories:
-
Merrill Lynch Posts a $9.8 Billion Loss (NYTimes.com via Yahoo! Finance)
The staggering losses, the worst in the firm’s history, were fueled by write-downs totaling $16.7 billion....
2008-01-17 04:40:02 -
Merrill Posts Record Loss on $16.7 Billion Writedown (Update5)
Bloomberg - Jan. 17 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S. brokerage, reported a record loss after $16.7 billion of...
2008-01-17 10:15:00 -
Merrill posts $9.91 billion loss for quarter
Baltimore Sun - ... almost $15 billion worth of write-downs from bad subprime mortgage bets. The fourth-quarter loss was just short...
2008-01-18 03:41:00 -
Merrill Lynch absorbs record $10 billion loss
Houston Chronicle - ... after the world's largest brokerage took almost $15 billion worth of write-downs from bad subprime mortgage bets....
2008-01-17 03:02:00 -
Merrill posts second straight loss after $11.5 billion writedown (The Star-Ledger)
Merrill Lynch & Co. reported a second straight quarterly loss after writing down $11.5 billion of subprime mortgages and bonds, ousting its...
2008-01-17 04:33:30 -
Merrill Posts Record Loss on $16.7 Billion Writedown (Update6) (Bloomberg.com)
Jan. 17 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S. brokerage, reported a record loss after $16.7 billion of writedowns on...
2008-01-17 04:36:45 -
Merrill Posts Record Loss on $16.7 Billion Writedown (Update4) (Bloomberg.com)
Jan. 17 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S. brokerage, reported a record loss after $16.7 billion of writedowns on...
2008-01-17 09:23:14 -
Merrill Posts Record Loss on $15 Billion Writedown (Update1) (Bloomberg.com)
Jan. 17 (Bloomberg) -- Merrill Lynch & Co. reported a record loss after writing down at least $15 billion of failed investments,...
2008-01-17 05:06:45
