Thursday, March 19, 2009

Quick Overview

  • March 19 (Bloomberg) -- Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.

  • U.S. jobless claims fell 12,000 last week to 646,000.

  • The Philadelphia Federal Reserve's regional index of manufacturing rose from -41.3 to -35.0

  • U.S. leading indicators fell 0.4% in February

  • Canada’s consumer prices rose 1.4%.

  • The White House is planning up to $5 billion in financing assistance to beleaguered auto-parts suppliers.

  • (Reuters) - General Electric Co expects GE Capital to be profitable this year, though if the economy deteriorates to the Federal Reserve's adverse case, the finance unit could post break-even results, executives said.

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