Los Angeles Times | October 6, 2008 | 11:51 a.m. PDT --- Dow Jones industrial average plunges more than 700 points amid global sell-off The Dow Jones industrials skidded more than 700 points and fell below 10,000 for the first time in four years. In other business news: -- Potentially severe worldwide recession is feared. -- Global recession jitters also caused oil to drop below $90 a barrel. -- Congress held its first hearing today into what caused the nation's financial markets to collapse last month. -- EBay said it would lay off 10% of its global workforce, or about 1,000 employees. More soon at: http://link.latimes.com/r/9UIJ7Y/EDCQK/GSIXB6/Z2PL/6BWWI/28/t
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