Market turmoil continues -Bernanke

(01:24) Report

Jul. 10 - The year-long disruption of financial markets sparked by the collapse of the subprime mortgage industry still lingers, Federal Reserve Chairman Ben Bernanke told lawmakers on Thursday.

  • Treasury Secretary Henry Paulson was also on hand to give his recommendations on how to limit the damage.
  • Dow Chemical announced plans to buy Rohm and Haas with help from Warren Buffett.
  • Retailers saw bright sales in June, but home foreclosurers surged.
  • Stock trading was choppy after Wednesday's sell-off.

    Conway Gittens reports.

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