Business Update: Dow below 7,000
March 2. - A record quarterly loss and another government bailout for U.S. insurer American International Group roiled confidence to push the Dow sharply below the 7,000 mark for the first time since 1997.
Changes are underway at global banking giant HSBC. A decline in U.S. manufacturing activity in February was not as deep as in previous months, according to data from the Institute for Supply Management.
Conway Gittens reports from New York.
