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Merrill Smacked Again by Mortgages, Sells Bloomberg Stake 

Jul 18, 2008By

Merrill Lynch & Co. [stock MER][/stock] said late Wednesday that it lost $4.65 billion during the second quarter, as it was clobbered by $9.7 billion in total write-downs, tied mostly to the battered mortgage market. The results mark one of the worst quarters in the financial company’s history.

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