WASHINGTON -- The Illinois state treasurer has temporarily suspended Merrill Lynch & Co. from doing business with his office based on allegations raised by the International Brotherhood of Teamsters over a labor dispute and the firm's bond business.

The action will not prevent Merrill from seeking to underwrite the state's bond offerings because Treasurer Patrick Quinn's office does not have control over debt issuance. It also will not prevent the firm from doing business with other state government offices.

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