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Merrill Posts Record Loss on $16.7 Billion Writedown (Update4) (Bloomberg.com)

Story date: 2008-01-17 09:23:14
Added on: 2008-01-17 09:49:56


Jan. 17 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S. brokerage, reported a record loss after $16.7 billion of writedowns on assets infected by the subprime-mortgage crisis.


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