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Business Update: AIG "tax"

March 19, 2009

The Democratic-controlled House approved a hefty bonus tax for companies receiving TARP funds in response to AIG's widely criticized $165 million bonus payments. The Dow dropped 85 points to 7,400. The S&P 500 lost 10 points to 784. The Nasdaq gave up 7 points to 1,483. Oil prices closed at a 2009 high. Conway Gittens reports from New York.