Monday, March 2, 2009

Dow at 12-year lows after AIG loses $62B

Wall Street's benchmark Dow Jones index plunges below 7,000 points -- a 12-year low -- after U.S. insurance giant AIG reveals monumental quarterly losses of $62 billion. Earlier, world markets dived as global banking group HSBC said it was seeking a record $17.7 billion from shareholders. full story

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