![]()
- Oil Next Week: What Traders Will Be Watching

- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- Cities With the Most Home Price Reductions
- White House Plans to Freeze Spending to Cut Deficit
- This Year's Biggest Thanksgiving Leftover: Cash
- Oil Next Week: What Traders Will Be Watching
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- Fed Reform? Not So Fast.
MOST SHARED
- Seeking Innovation in Health Care
- Cramer: 5 Earnings Reports to Watch Next Week
- Downturn is Prime Time for Airport Infrastructure Projects
- Driving Health Care Innovation
- Next Week’s Top IPO
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Gold Rises, Nears Record High as Dollar Drops
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Warren Buffett and Bill Gates: Keeping America Great
Merrill Lynch is likely to post a first-quarter loss on further writedowns of between $6 billion and $6.5 billion, according to senior executives at the company.
![]() |
CNBC.com Merrill Lynch |
Merrill so far has written down $24 billion worth of investments related to the troubled U.S. mortgage market.
Merrill is scheduled to report its first-quarter results on April 17. (Video: Charlie Gasparino reports on Merrill's potential writedowns)
On average, analysts surveyed by Thomson Financial are expecting Merrill to post a loss of $1.90 a share. However, the estimates range from a loss of $3.00 a share to a loss of 68 cents a share.
Merrill recently asked its trading desk to unload inventory in an effort to reduce the size of its balance sheet and shore up its credit rating, CNBC has learned.
Merrill's bond rating is now secure, these executives said.
Merrill's efforts follow comments by Chief Executive John Thain, who said Tuesday that the investment bank does not plan on raising any new capital.
Thain spoke at a briefing in Tokyo and said that he expected writedowns would continue to impact Merrill's balance sheet. However, he said, he didn't think the firm would need to raise more capital because it had already raised more capital than it lost.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.














