Stocks End with Sharp Losses

Negative corporate news -- including the abrupt resignation of Tyco's CEO and the suicide of an energy company executive -- outweighed some positive economic data

Stocks closed sharply lower on Monday, with the major averages breaking below their May lows, as negative corporate headlines weakened investor confidence in Wall Street. The tide of bad news included the abrupt resignation of the CEO of a major conglomerate amid reports he was the subject of a tax evasion probe, and the apparent suicide of the CFO of a large energy company.

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