Dow Sinks, Again
The Dow closed at 8,577.91 on Wednesday. That’s off 7.87 percent, a drop of 733.08 points, as investors begin to realize that a recession is pretty much a foregone conclusion.
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New Century Sued by UBS
By: PAUL JACKSON
April 6, 2007
The AP reports that UBS filed suit yesterday against bankrupt lender New Century Financial yesterday, claiming the company misappropriated payments on loans owned by the investment house.
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