U.S. stocks slide as S&P 500 running through November lows

Date: Mon, 02 Mar 2009 12:01:55 -0500

U.S. stocks slide as S&P 500 running through November lows

Ten companies -- led by ConocoPhillips, Time Warner and Merrill Lynch
-- are behind the bulk of the carnage that added up to the worst ever
two-month start for the S&P 500, which on Monday made another run
through its November lows.

U.S. TO PROVIDE ANOTHER $30 BILLION TO AIG

As AIG reports a fourth-quarter loss topping $61 billion, the Treasury
Department and the Federal Reserve Board announce the company's in
line to receive additional federal assistance of up to $30 billion as
part of a revamped bailout of the government-owned insurance and
financial-services giant.

FINANCIAL STOCKS: BANKING STOCKS FOLLOW MARKET LOWER; AIG GETS MORE
GOVERNMENT AID

The U.S. financial sector follows the broader market lower as the Dow
Jones Industrial Average breaks below 7,000 and global economic fears
continue to weigh on stocks.

LONDON MARKETS: FTSE 100 TOUCHES 2003 LEVELS, HSBC HOLDINGS SHARES SLAMMED

The FTSE 100 briefly hits 2003 levels Monday, with HSBC Holdings
shares slammed after the lender asks shareholders for cash.

INTEL, TSMC SHARES RISE AHEAD OF 'STRATEGIC ANNOUNCEMENT'

Shares of Intel Corp. and the Taiwan Semiconductor Manufacturing Corp.
rose early Monday as investors awaited details of a "strategic
announcement" that could involve a significant outsourcing agreement
between the two semiconductor giants.