53.8 F
Laguna Hills
Tuesday, Mar 19, 2024
-Advertisement-

Merrill Lynch Writedowns Total $7.9B

Merrill Lynch & Co Inc. on Wednesday reported its first loss in six years as a publicly traded company after writing down $7.9 billion for bad bets on risky subprime mortgages and related securities.

*For more on this story,

read the full Reuters article.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-