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Business Channel 2007-03-02&04

It's the worst one-day sell-off on Wall Street since after the 9/11 attacks. Stock prices plunged today across the board and around the world. The Dow Jones Industrial Average was down about 416 points at the closing bell and at one point it fell un

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The largest U.S. bank, JPMorgan Chase, says it lost $5.8 billion in bad trades this year, nearly triple its original estimate. The Wall Street investment bank said two months ago it estimated that losses originating in its London trading office would