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$2.5 billion loss a relief for Citi

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07-18-2008, 03:52 PM

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$2.5 billion loss a relief for Citi

The biggest US bank posts a smaller-than-expected loss, topping Street estimates. But Merrill Lynch reports its fourth consecutive quarterly loss and Google and Microsoft miss. Teva Pharmaceuticals will buy generic drug maker Barr Pharmaceuticals.

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