Stocks tumbled yesterday after Treasury Secretary Henry M. Paulson Jr. said the government is shelving its initial plans to buy banks' toxic assets and is instead focusing on injecting capital into banks and companies that lend to households and businesses. That news, along with a steep drop in oil... -
Stocks Plunge On Bailout Shift, Retail Weakness
Stocks tumbled yesterday after Treasury Secretary Henry M. Paulson Jr. said the government is shelving its initial plans to buy banks' toxic assets and is instead focusing on injecting capital into banks and companies that lend to households and businesses. That news, along with a steep drop in oil...-
By Kim Hart and Sholnn Freeman