Merrill Posts Second Straight Loss After $11.5 Bln Writedown
By Bradley Keoun
Jan. 17 (Bloomberg) -- Merrill Lynch & Co. reported a second straight quarterly loss after writing down $11.5 billion of subprime mortgages and bonds, ousting its chief executive officer and losing almost half of its market value in 2007.
Add to My Watchlist
What is My Watchlist?