Reuters: Merrill Lynch posts big loss, cutting 2,900 jobs

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Merrill Lynch posts big loss, cutting 2,900 jobs
      

NEW YORK (Reuters) - Merrill Lynch & Co  posted its third straight quarterly loss on Thursday and said it planned to cut 2,900 more jobs after recording more than $6.5 billion in write-downs on subprime mortgages and other risky assets.
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