Dow Fell more than 330 points!!

[TeeKee]

AP Top News at 10:10 a.m. EDT

43 minutes ago

NEW YORK (AP) — Stocks tumbled and Treasury bond prices soared Monday as investors reacted to a stunning reshaping of the landscape of Wall Street that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. The Dow Jones industrial average fell more than 330 points.

 

[DerekLeung]

LONDON, Sept 15 (Reuters) - PricewaterhouseCoopers [PWC.UL]:

* Can't say if Lehman Europe staff will be paid at the end of this week, no clarity on bonuses

* Lehman Europe suspended all market trading activity, likely to make negligible new commitments in the market

* Aims to minimise systemic risk from Lehman Europe admistration

* Lehman Europe extremely complex and will take some time to unravel and assess outcome for creditors

Business services company PwC said earlier on Monday it had been appointed joint administrators for Lehman Brothers International Europe. (Reporting by Steve Slater, Writing by Dan Lalor)

 

[Cestbon]

By this friday will be more than 1000 points.