NEW YORK (AP) — Merrill Lynch & Co., in a broad move to clean up its troubled balance sheet, said Monday it will sell a big slice of its asset-backed

Merrill said it agreed to sell $30.6 billion gross notional amount of US super senior asset backed security collateralized debt obligations to an affiliate

NEW YORK, July 28 (Reuters) - Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research, Stock Buzz) said it expects to take a $5.7 billion pretax write-down

By Bradley Keoun and Christine Harper July 28 (Bloomberg) -- Merrill Lynch & Co. said it will record $5.7 billion of pretax writedowns in the third quarter

Merrill Lynch (NYSE: - today announced a series of actions to significantly reduce the companys risk exposures and further strengthen its capital position. These actions include: Announced substantial sale of U.S. super senior ABS CDO(1) securities, resulting in an exposure reduction of $11.1 billion from June 27, 2008 Agreement to terminate ABS CDO hedges with monoline guarantor XL Capital Assurance Inc. ("XL) and settlement negotiations with other monoline counterparties Plans to issue new common shares with gross proceeds of approximately $8.5 billion through a public offering launched today (excluding a fifteen percent, or approximately $1.3 billion, option granted to