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- www.iii.co.uk
NEW YORK, Nov 12 (Reuters) - U.S. stocks slid on Wednesday as the United States backed away from its initial plan of using the $700 billion bailout to mop up sour mortgages, worsening economic fears sparked by a slashed forecast from Best Buy. The Dow Jones industrial average fell 357.94 points, or 4.12 percent, to 8,336.02. The Standard & Poor's 500 Index tumbled 41.23 points, or 4.59 percent, ...
- www.argusleader.com
Citigroup will make one of the most severe cuts in the history of U.S. business - 53,000 jobs - as it tries to slash costs, and the effect on Sioux Falls could be substantial.
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