Dow falls on General Motors fears

Fears over General Motors facing bankruptcy have made it the day's biggest faller and it was down 13.92% to $1.67, by 3.25pm GMT. This comes on the back of reports that the Obama administration is looking to ease GM into a controlled bankruptcy by persuading some creditors to agree to a plan that would divide the auto company into two pieces. The market dip comes as US figures show employment in the private sector fell more than expected, with 742,000 jobs lost during March. In spite of ongoing worries about the health of the US economy, financials have been the Dow's best performers....