Bank, Airline, Car And Hotel Stocks Get Slammed |
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The market was in for a beating this morning as investors dumped stocks across the board. Some of the hardest hit stocks were in the financial sector. Wachovia (WB: 23.40 0.00 0.00%), the 4th largest US bank, ousted CEO Kennedy Thompson after subprime losses pushed its share prices down by nearly half. This ouster further squashed its share prices to levels not seen since 1995. UK bank Bradford & Bingley plunged over 24% as it announced it will be raising capital by selling its shares at a
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