Merrill Lynch Takes $14.1B Writedown

January 16, 2008

125

Merrill Lynch & Co. 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.

*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!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

Weekly in-depth coverage in print and digital formats
Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts
The annual Book of Lists: Orange County's top companies across every industry

Housing Starts Hit 16-Year Low

Irvine Apartment Developer Files for Bankruptcy

staff-author

Merrill Lynch Takes $14.1B Writedown

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

Would you like to subscribe to Orange County Business Journal?

Featured Articles

Inside The New $43M Affordable Housing Cartwright Family Apartments in Irvine

CTC Global Appoints New CFO

Edwards Lifesciences Reports New Clinical Trial Updates

Related Articles

Inside The New $43M Affordable Housing Cartwright Family Apartments in Irvine

CTC Global Appoints New CFO

Edwards Lifesciences Reports New Clinical Trial Updates

Midday Stock Roundup: Shares of TTM Technologies dip 6%

BKM Acquires Carson Industrial Center for $95M

Advertise With Us

About Us

Subscriber Links

Other Journals