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Shock waves

Stocks plunge after crisis in investment firms

US hastens to ease fears, keep credit flowing; Another stimulus package and rate cut may be in offing

Uncertainty reigned yesterday outside the world headquarters of Lehman Brothers Holdings Inc. in New York. Uncertainty reigned yesterday outside the world headquarters of Lehman Brothers Holdings Inc. in New York. (Shannon Stapleton/Reuters)
By Robert Gavin
Globe Staff / September 16, 2008

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Stocks suffered their worst losses in seven years as the failure of investment firm Lehman Brothers Holdings Inc. and the sudden sale of Merrill Lynch & Co. stoked investor fears of even deeper problems in the nation's financial system. (Full article: 1340 words)

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