Merrill posts $4.9 billion loss, sells Bloomberg stake (Reuters)

[riky]

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.


You are not allowed to view links. Register or Login/news.yahoo.com/s/nm/20080717/bs_nm/merrill_results_dc