90 at 9: Dow down on new US bank fears; Oracle to buy Sun; Jobs summit fund idea discarded

90 at 9: Dow down on new US bank fears; Oracle to buy Sun; Jobs summit fund idea discarded
Bernard Hickey details the key news overnight in 90 seconds at 9am, including the Dow being down 200 points in late trade on new fears about US banks, while Larry Ellison's Oracle will buy Sun Microsystems for US$7.4 billion. Also in New Zealand, the idea raised at the Jobs Summit for a joint bank-government investment fund has been quietly dropped because the banks can't afford the capital.

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