require_once("/home/jipina/public_html/news.php"); print_page('http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080728/bs_nm/merrilllynch_writedowns_dc','Merrill to take $5.7 billion mortgage asset write-down (Reuters)','2008-07-28 17:30:07','
Reuters - Merrill Lynch & Co Inc said it
expects to take a $5.7 billion pretax write-down in the third
quarter due to losses on the sale of mortgage assets and plans
to raise at least $8.5 billion by selling new common shares.