Thursday, August 9, 2007

Subprime woes spread to Europe




Subprime woes spread to Europe
(01:20) Report
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Aug. 9 - Wall Street was in a selling mood on Thursday on fresh signs the fallout from the American subprime mortgage turmoil is spreading to European banks.

The dollar and U.S. treasuries rallied as investors looked for a safe place to hide.

Home Depot signaled troubled in the world of private equity deal making.

Conway G. Gittens reports from New York.

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