Antoine Gara covered the nuts and bolts of how the government structured bailout approaches for several companies, including General Motors, AIG, Fannie Mae and Freddie Mac,
keeping the door open for DTA recapture
Turning away from Fannie and Freddie, the
Dow Jones Industrial Average
was down 0.5%, while the
indices each saw declines of 1%, as investors continued to worry over the bailout prospects for banks in Cyprus.
After several weeks of improving unemployment reports, the Department of Labor on Thursday said first-time unemployment claims for the week ended March 16 rose by 2,000 from an upwardly revised 334,000 the previous week. Still, last week's initial jobless claims came in below the average estimate of 342,000, among Economists polled by
KBW Bank Index
was down over 1% to close at 56.47, with all but two of the 24 index components showing declines.
-- Written by Philip van Doorn in Jupiter, Fla.