Merrill Lynch, sign Web development deal

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New York--Merrill Lynch & Co. has signed a pact with, a site for analysts and brokers, to jointly develop content for Merrill's planned institutional portal. Merrill's research division and will build localized sites within the institutional portal, Direct Markets, to serve Merrill's far-flung global client base. As part of the deal, Merrill will acquire a minority equity stake in, New York. Financial terms of the agreement were not disclosed.
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