Loans consolidation - Merrill writes down $7.9 bln of subprime betsReuters
Merrill writes down $7.9 bln of subprime bets
Reuters - O'Neal said the company is still working to resolve the impact of loans to people with weak credit. "I'm not going to talk around the fact that there was some mistakes that were made," O'Neal said. "I am accountable for the mistakes as I am
Source: today.reuters.com
ADRs in Focus: Asia
Forbes - Merrill Lynch & Co., one of the U.S.'s largest investment banks, said it swung to a third-quarter loss on bad bets on mortgage-backed securities and loans consolidation loans for corporate takeovers. Orix Corp. shares lost $3.83, or 3.6 percent, to $101.53; Mizuho
Source: www.forbes.com
Earnings Roundup: Nasdaq, Merrill Lynch
CNBC - NEW YORK (AP) _ Merrill Lynch & Co. on Wednesday took a $7.9 billion writedown because of the summer's credit crisis, a bigger-than-expected amount that raised the specter of more trouble ahead from risky home loans. NEW YORK (AP) _ Shares of CEC
Source: www.cnbc.com
US STOCKS-Credit market concerns drive shares down
Reuters - Merrill, the world's largest brokerage, reported a $2.3 billion loss, its first in almost six years, and loans consolidation eye-popping write-downs of $7.9 billion for bad bets on mortgages and loans consolidation leveraged loans. Standard & Poor's cut its credit rating on Merrill
Source: today.reuters.com
Reuters - O'Neal said the company is still working to resolve the impact of loans to people with weak credit. "I'm not going to talk around the fact that there was some mistakes that were made," O'Neal said. "I am accountable for the mistakes as I am
Source: today.reuters.com
ADRs in Focus: Asia
Forbes - Merrill Lynch & Co., one of the U.S.'s largest investment banks, said it swung to a third-quarter loss on bad bets on mortgage-backed securities and loans consolidation loans for corporate takeovers. Orix Corp. shares lost $3.83, or 3.6 percent, to $101.53; Mizuho
Source: www.forbes.com
Earnings Roundup: Nasdaq, Merrill Lynch
CNBC - NEW YORK (AP) _ Merrill Lynch & Co. on Wednesday took a $7.9 billion writedown because of the summer's credit crisis, a bigger-than-expected amount that raised the specter of more trouble ahead from risky home loans. NEW YORK (AP) _ Shares of CEC
Source: www.cnbc.com
US STOCKS-Credit market concerns drive shares down
Reuters - Merrill, the world's largest brokerage, reported a $2.3 billion loss, its first in almost six years, and loans consolidation eye-popping write-downs of $7.9 billion for bad bets on mortgages and loans consolidation leveraged loans. Standard & Poor's cut its credit rating on Merrill
Source: today.reuters.com





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