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.
us futures turn red on merrill news, page-5
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