Fri, Jul 18 11:14 AM
New York, July 18 (DPA) Troubled US investment bank Merrill Lynch, the country's third largest securities firm, has reported writedowns of $9.7 billion as the economy slows.
The company reported $4.65 billion in losses, compared to profits of $2.14 billion in the same period last year.
Merrill Lynch also confirmed that it was selling 20 cent stake of $4.43 billion in Bloomberg LP, the parent of Bloomberg News.
The company also said it intended to sell a controlling share of mutual fund administrator Financial Data Services.
If you are young, have a hectic social life where you drink and party, and have applied for a job, chances are you will lose out to someone who is a teetotaler.
| Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved. Questions or Comments Privacy Policy -Terms of Service - Copyright Notice |
