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TSX tumbles for 2nd day on commodity-stock led selloff;NY also lower [Canadian Press DataFile](03 Sep 2008 00:01:00 EDT)TORONTO _ It was another day of sharp losses on the Toronto stock market Wednesday as investors continued to bail out of the commodity sector. Toronto's S&P/TSX composite index closed down 161.82 points at 13,137.72, after trading down more than 300 points earlier in the day.
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Allianz Sells Dresdner to Commerzbank [BestWire Services](02 Sep 2008 07:24:00 EDT)German insurer Allianz S.E. said its sale of Dresdner Bank will give it more room to expand in bancassurance markets while creating a new banking giant in the German market. Allianz said it would sell Dresdner Bank to Commerzbank for 9.8 billion euros.
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Oil stock selloff leads the way to big loss on TSX;NY lower despite falling oil [Canadian Press DataFile](02 Sep 2008 00:01:00 EDT)TORONTO _ The Toronto stock market plunged more than 450 points Tuesday in a commodity stock-led selloff sparked by a retreat in crude oil prices. The S&P/TSX closed down 471.51 points to 13,299.74 _ its worst one drop slide since losing 605 points on Jan. 21 _ led by a 6.2 per cent slide in the energy sector.
