Wall Street posts a third day of triple digit losses. Mark Lasseigne fills you in on what's happening on Wall Street.

  • The Dow Jones Industrial Average dropped 101 points to 11,139.
  • Investors dumped stocks on worries over the outlook for the global economy.
    The big concern is that the European debt crisis, which has battered smaller countries like Greece, will spread to some of the larger nations.
  • Switzerland took drastic action and set a cap on the Swiss franc's exchange rate against the euro, roiling currency markets.  The move sent stocks in Europe falling and the price of gold down. 

  • Ford reported it's vehicle sales in China fell in August, down 7% from the previous year. Ford fell 1.9% to $10.22.


    International Paper agreed to acquire Temple-Inland after increasing its offer to $32 a share, or $3.48 billion.  The deal brings together two leaders in the North American corrugated packaging business.

  • The Shaw Group, a fortune 500 engineering and construction company based in Baton Rouge, is in talks to sell its minority investment in nuclear power plant company Westinghouse Electric back to Toshiba.  Shaw up 7.8% to $23.53.

  • Crude closed lower at $86.02 a barrel.

  • And gold settled at $1,870/ounce.