RobertB
October 5th, 2007, 02:20 PM
Merrill Lynch to Post 3Q Loss
Associated Press 10.05.07, 9:19 AM ET
NEW YORK -
Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead to it post a third-quarter loss of up to 50 cents per share, after taking roughly $5 billion in writedowns.
The bulk of the losses will come from marking down the value of collateralized debt obligations and subprime mortgages - loans given to customers with poor credit history.
http://www.forbes.com/home/feeds/ap/2007/10/05/ap4191177.html
Associated Press 10.05.07, 9:19 AM ET
NEW YORK -
Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead to it post a third-quarter loss of up to 50 cents per share, after taking roughly $5 billion in writedowns.
The bulk of the losses will come from marking down the value of collateralized debt obligations and subprime mortgages - loans given to customers with poor credit history.
http://www.forbes.com/home/feeds/ap/2007/10/05/ap4191177.html