Reuters: Merrill posts $4.9 billion loss, sells Bloomberg stake

[chris]

Merrill posts $4.9 billion loss, sells Bloomberg stake
      

NEW YORK (Reuters) - Merrill Lynch & Co  on Thursday reported a much larger-than-expected $4.89 billion quarterly loss because of soured holdings of mortgages and other risky debt, and unveiled plans to sell billions of dollars of assets to shore up capital.
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