More signs of recession emerging 

Another wave of worrisome news about the economy Thursday heightened interest in how the Federal Reserve, the Bush administration and Congress might respond in coming weeks.

Merrill Lynch & Co. today said it wrote down $14.1 billion in investments tied to securities backed by subprime mortgages and other debts, contributing to its largest quarterly loss in company history -- $9.8 billion.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.