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Merrill Lynch Expects Billions in Losses, Abandons WTC Move

by Soterios Johnson

NEW YORK, NY July 17, 2008 —After yesterday's rally, one of Wall Street's biggest brokerage houses will release some sobering news today. Merrill Lynch is expected to announce several billion dollars in losses. For more on the banks and how healthy they are, we turn to Aaron Elstein, reporter for Crain's New York Business.

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