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Story | Sep 15, 2008NEW YORK -- Transforming the face of Wall Street, two major securities firms succumbed Sunday to the country's long-running mortgage crisis as Merrill Lynch & Co. agreed to a hastily arranged, $50-billion takeover by Bank of America Corp. and Lehman Bros....
Story | Nov 19, 2008NEW YORK (AP) _ Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three automakers and the economy disheartened investors. Stocks finished at their lows of the...
Story | Dec 9, 2008CHICAGO - The company that owns the Los Angeles Times, KTXL FOX40 and the Chicago Tribune filed for bankruptcy protection today, seeking relief from $12 billion in debt that largely stems from last year's leveraged buyout of the media firm. Tribune Co....