Items Tagged with 'Bloomberg LP.'


  • Merrill Smacked Again by Mortgages, Sells Bloomberg Stake

    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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  • Merrill's Bloomberg Stake May Fetch $5 Billion: Report

    Let's start with what's (mostly) known at this point: Merrill Lynch & Co. [stock MER][/stock] is likely to sell assets. After all, CEO John Thain has said the Wall Street firm will not need to raise additional equity, and it's generally assumed that Merrill needs additional capital to weather the ongoing credit and mortgage storm.
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