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Wall Street takes another big hit

Saturday, November 10, 2007

NEW YORK - Wall Street finished a turbulent week with another huge drop Friday after major banks warned of further losses on their debt portfolios. That raises concerns the credit market slump shows no sign of abating. Bank of America Corp., JPMorgan Chase & Co. and Wachovia Corp. all said the ongoing credit crisis will cause another round of heavy losses during the fourth quarter. The Dow Jones ...
From: www.lansingstatejournal.com

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