Latest Business News: Dow Sheds 200: China, Europe Add Fuel to U.S. Selloff

Not only did China's benchmark Shanghai Index shed 5%, but every major equity market in Asia and Europe closed lower, adding to the weight upon U.S. stocks Pfizer Inc said on Monday that enough investors had offered to trade their shares of the drugmaker for those in its majority owned Zoetis Inc animal health business, a final step in the spinoff of the unit. Delta Air Lines said that it has completed its purchase of a 49 percent stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each other's flights in July.
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