The Wall Street Journal What's News
Posted on September 15, 2008 at 18:10 PM EDT
Stocks plunged to new bear-market lows and the Dow Jones Industrial Average had its biggest point decline since just after the Sept. 11 terrorist attacks. The shock of Lehman Brothers Holdings' failure and Merrill Lynch's rushed merger raised fears about other distressed financial. oil prices slid to a 7-month low. firms, including American International Group and Washington Mutual.
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