Merrill takes $14.1 billion writedown - Instablogs
Merrill takes $14.1 billion writedown
Manish Kanaujia , Shimla: Jan 17 2008
Made Popular Jan 17 2008
Merrill Lynch & Co Inc on Thursday said it took a $14.1 billion writedown and adjustments in the fourth quarter as bad subprime mortgage bets forced the brokerage to sell pieces of the company to foreign investors to raise capital.
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Tags: Merrill Lynch & Co Inc, Mortgage, Business
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