World Shares Retreat on Rumors of French Downgrade

Global stocks slumped on Wednesday as the appetite for risk evaporated, with worries about Europe's debt problems coming to the fore in the face of rumors about possible trouble at French banks and continuing fear of another U.S. recession. A Societe Generale spokeswoman denied all market rumors ...

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U.S. stocks plunged at the opening bell today as Wall Street got its first opportunity to react to Standard & Poor's downgrade of U.S. debt, CNNMoney reports.

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