More hits today. The Dow Industrials fell more than 300 points…
Merril Lynch: Merrill Lynch on Thursday reported a $9.8 billion loss for the fourth quarter, the largest quarterly loss in its 93-year-history, as troubles in the subprime mortgage market took another big bite out of its balance sheet. Merrill, one of the Wall Street firms that has been hardest hit by the subprime hurricane, said Thursday that [...]
Tags: Economy
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