MarketS DailY - Mar 13

US Markets
Dow 7170+239.66 (+3.46%)
Nasdaq 1426+54.46 (+3.97%)
S&P 751+29.38 (+4.07%)

Europe
FTSE 100 3712+18.25 (+0.49%)
CAC 40 2694+20.05 (+0.75%)
DAX 30 3956+42.12 (+1.08%)

Asia at 9 30 AM
Nikkei 225 7511+312.56 (+4.34%)
Hang Seng 12379+377.53 (+3.15%)

SGX Nifty 2678 +94 pts

Commodities
Light Crude (NYM) 47.03 (+4.70)
Gold (CMX) 923.80 (+13.10)

News Today

* Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.

* With Yesterdays gains and the Dow at 7,159.70, the index of blue chip companies is now about 11% off its low of 6440 made just a few days ago. The S&P was the big winner , tacking on another 4% to close at 750.

* Tim Armstrong, a former Google executive, was named the new chairman and Chief Executive Officer of AOL, according to a statement released by Time Warner's chairman and CEO Jeff Bewkes.

* Indian Foriegn Secretary : I Mentioned H-1Bs to Hillary Clinton, But Nothing I Can Do.IndianForeign Secretary Shiv Shankar Menon, in the country to discuss US-India ties with his counterpart, Hillary Clinton, is promising Indian media outlets he brought up the issue. But he didn't push it

* General Motors Corp's chief financial officer says the company will not need the $2 billion loan installment for March that it requested from the US government in February.


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