Merrill Lynch sets up group to shed bad assets
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080523/2008_05_23t010540_450x300_us_merrill.jpg?x=130&y=86&q=85&sig=gTstmlwWonqZl5gWTv6oAQ--" align="left" height="86" width="130" alt="A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080523/bs_nm/merrill_dc)Reuters - Merrill Lynch & Co Inc is
setting up a group to get rid of troubled or underperforming
assets and named U.S. fixed income sales head Doug Mallach its
head, according to an internal memo.</p><br clear="all"/>
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