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NEWS - U.S. House passes tax measure to recoup most of the $165 million in retention bonuses paid to AIG <AIG.N> employees - No. of U.S. workers drawing state unemployment benefits hit another record high in early March. But new benefits claims fell - GE <GE.N> expects GE Capital to be profitable this year, though if economy deteriorates, finance unit could break even - U.S. Treasury pledges to provide up to $5 billion in financing support to battered auto suppliers - Up to 3 mln people take to streets of France for 2nd round of protests against Sarkozy's handling of the economic crisis MARKETS - U.S. stocks fall on concerns that Fed's latest efforts to stem recession are too costly and untested. Dow down 1.15 pct - Europe shares close higher, banks and commodities take lead. But investors worry about Fed plan. Nikkei slips 0.3 percent - Dollar falls sharply for 2nd straight session, euro soars above $1.37 as investors fear consequences of Fed bond purchases - Oil jumps more than 7 pct to top $51 a barrel after Fed unveiled plan, weak dollar boosts appeal of commodities - Profit-taking trims prices of U.S. Treasuries after Fed's plan fueled a huge rally in previous session. QUOTES "There is no sign of even a temporary easing in the downward pressure on employment." - Ian Shepherdson, chief U.S. economist at HFE in Valhalla, New York. "The whole idea that they (AIG employees) should be rewarded millions of dollars is repugnant to everything that decent people believe in." - Representative Charlie Rangel, Democratic chairman of the tax-writing Ways and Means Committee. "I understand how mad everybody is about this AIG bonuses business. I'm mad. But fixing the system requires us understanding that if banks are not ... lending then businesses will not be able to invest and we will not be able to create jobs." - President Barack Obama. "People are in the streets and they are suffering, there are more and more people out of work and something has to be done. We shouldn't just be giving money to the bosses." - Sylvie Daenenck, marching in Paris. "We have for the time being a return to risk appetite in the oil market and it's based on the Fed's announcement yesterday. That's having a positive impact on sentiment." - Analyst Mike Wittner of Societe Generale.
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20 มี.ค. 52 07:10:21
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