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captioning sponsored by wpbt susie: bank of america is taking a new direction when it comes to foreclosure prevention; it s cutting the principal on some troubled loans. tom: but it s doing so under pressure. we talk with the attorney general pushing b. of a. to help more homeowners. you re watching nightly business report for wednesday, march 24. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. susie: good evening everyone. welcome relief today for some people who can t make their mortgage payments if it s with bank of america. tom, under pressure from state attorneys general, the bank agreed to forgive as much as 30% of the loan principal. today s announcement comes as part of a settlement with the state of massachusetts. tom: susie, lots of strings attached to qualify. for one thing, the relief is
25 and the nasdaq up 45 for the year. a different story today as we see weak innocence utilities and industrials waiting on the broader markets. earlier today, passive news on the jobless front with first time unemployment claims falling to their lowest levels since july of 2008 that provided some support to the market early on and the dollar strengthened and revised data to chicago pmi released yesterday and stronger and revised downward today, and that basically undercut the markets. the dow dropped 30 points at that point and remained around those levels since then. let s take a look at conway, because we re also seeing weakness in the truckers today and it s bad news for most truckers because of good news for another. yrc worldwide will avoid bankruptcy and some of the truckers had been rallying on expectations if yrc goes under they ll benefit. the news that yrc isn t going under putting pressure on conway and some other truckers. as a result we re seeing a pullback in t