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July 17th, 2008, 07:02 PM
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Merrill posts $4.9 billion loss, sells Bloomberg stake
(Reuters)
Reuters - Merrill Lynch & Co posted a
much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its lucrative brokerage business -- to shore up capital. View the Entire Article
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