Market Watch: Fears Over 30,000 Job Losses As Bt Restructures
Scotland on Sunday › January 29, 2008
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Summary
THE London market lost 2 per cent last week as fresh fears over the impact of the credit crunch returned to haunt US investors.
Among the major investment banks, the summer's financial turmoil claimed its biggest victim yet - Merrill Lynch chief executive Stan O'Neal, who "retired" on Tuesday. Analyst warnings over fellow banking giant Citigroup also sent the Dow Jones Industrial Average tumbling on Thursday.See the full content of this document
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Market Watch: Fears Over 30,000 Job Losses As Bt Restructures
The falls came as a widely expected rate cut from the US Federal Reserve on Wednesday failed to reassure the market. In London, the Footsie fell 130.7 ...
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