Today in Globe Business

Stocks plunge on a wave of worry

Worried investors, responding to a drumbeat of distressing economic news, dumped shares yesterday and pushed the Dow Jones industrial average below the 7,000 mark for the first time since 1997.

To read the full story, please click here.
------------------------------------------

Developer presses on with plan for towers

Despite political and economic headwinds, Boston developer Ted Raymond is plowing ahead with his plan to build a pair of skyscrapers as part of a $2.2 billion development on the current site of the Government Center Garage.

To read the full story, please click here.
----------------------------------------

On a quest to cut operating costs

NASHUA - When the Henry Hanger Company of America Inc. huddled with a consultant recently, cost cutting wasn't just high on the agenda. It was the agenda.

To read the full story, please click here.
--------------------------------------------

Rosengren: Banks need to jettison bad assets

Banks need to get rid of bad loans and other troubled assets as quickly as possible so they can resume lending to consumers and businesses with good prospects, Federal Reserve Bank of Boston president Eric Rosengren said yesterday.

To read the full story, please click here.
--------------------------------------------

BOSTON CAPITAL: Imagining prosperity

With the benchmark stock index plunging 299.64 points - off 4.2 percent for the day, and 52.2 percent from its peak of 14,164 on Oct. 9, 2007 - market watchers said many investors were throwing in the towel and selling their holdings, or putting new money into cash. A quick stock market recap for 2009: The first month of the year was the worst January on record. The next month was the worst February since 1933. The first trading day of March made investors pine for January and February.

It wasn't simply how much ground stocks lost yesterday - and they lost it by the acre as the Dow Jones industrial average sank below 7,000 for the first time in 12 years. It was the pervasive sense that every development everywhere was bad, sometimes dreadful.

To read the full story, please click here.
-------------------------------------------