Markets plunge as AIG sheds derivatives head
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
The Dow Jones lost over 300 points after American International Group Inc. reported dismal quarterly results and the resignation of chief credit derivatives officer Joseph Cassano.
At closing, the Dow Jones Industrial Index fell 315.79 to 12266.39, the Nasdaq dropped 59.19 points to 2272.38 and the
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