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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	1/9/2002 8:00:20 AM
From: sylvester80	Read Replies (1) of 99280

Merrill Lynch to Cut 9,000 Jobs, Take Charge biz.yahoo.com Wednesday January 9, 7:13 am Eastern Time Merrill to Cut 9,000 Jobs, Take Charge NEW YORK (Reuters) - Merrill Lynch and Co. Inc. (NYSE:MER - news), the No. 1 U.S. brokerage, said on Wednesday it will cut about 9,000 jobs and take a $2.2 billion charge as it struggles to boost profits in the slack U.S. economy. The New York-based firm also forecast lower fourth-quarter earnings of 48 cents to 50 cents a share, excluding the charge. Wall Street expects earning of 41 cents to 58 cents a share, with a consensus estimate of 48 cents, according to market research firm Thomson Financial/First Call. Merrill earned 93 cents a share in the year-earlier quarter,

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