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Price of Oil Rises Again, Rattling the Markets
Crude oil closed at $143.57 a barrel, another record, sending shudders through financial markets already worried about the prospect of a global economic slowdown.
The New York Times

Toronto area parts maker closes plants, 2,000 jobs lost
Progressive Moulded Products Ltd. confirms it has ceased operations at plants in Concord and Rexdale
The Globe and Mail

Lehman issues shares to all its employees
Lehman Brothers has issued shares to all employees representing about 20 per cent of their equity compensation for the year, a person close to the matter said
FT.com

After The Close - Wednesday
ABBOTT LABS (ABT), the biotech titan, has received the FDA's OK for its drug-coated stent Xience V. It will launch the stent immediately. Shares...
Investors.com

US markets enter bear territory
Leading US indices closed in firm bear market territory for the first time in the current downturn as oil prices soared above $144 and General Motors faced further questions over its liquidity.
Telegraph

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