Stocks modestly lower after Merrill's credit losses, decline in ...
Story date: 2007-10-24 12:42:00
Added on: 2007-10-24 22:48:11
CNBC - Merrill said it wrote down $7.9 billion in fixed-income instruments called collateralized debt obligations and from defaulting subprime mortgages _ more than the $5 billion writedown the investment bank estimated earlier this month. The result was a ...
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