Financial news on April 1st, 2009

Business and Financial news
Cheaper Rents in Manhattan’s Less Glossy Office Buildings

In Manhattan, rents in Midtown’s less well-heeled office buildings have fallen more than 23 percent in the past year, to $48.74 a square foot a year. Read more..

By J. ALEX TARQUINIO - The New York Times

F.D.A. Panel Supports Avastin to Treat Brain Tumor

Preliminary studies of a blockbuster drug from Roche’s Genentech unit are strong enough to speed its approval for brain cancer, federal cancer experts said. Read more..

By ANDREW POLLACK - The New York Times

Four Small Banks Are the First to Pay Back TARP Funds

The new restrictions on executive compensation and dividend payouts has made aid from the Troubled Asset Relief Fund less palatable to bank managers. Read more..

By ERIC DASH - The New York Times

Japan Tries to Increase Exports

Facing shrinking markets at home, Japanese companies must expand foreign sales or face longer-term decline. Read more..

By HIROKO TABUCHI - The New York Times

Philip Morris’s Support Casts Shadow Over a Bill to Limit Tobacco

The legislation, which authorizes the F.D.A. to approve or reject tobacco products and ingredients, is expected to be approved by the House, but could meet resistance in the Senate. Read more..

By DUFF WILSON - The New York Times

Planning a Retirement Without Dividends

Dividend-paying stocks or funds have long been a favored investment strategy for retirees, but other approaches may be less risky. Read more..


Reminders From Out of the Blue

An improved personal reminder system collects your every utterance and idea and holds them for posterity. Read more..

By DAVID POGUE - The New York Times

The Greening of Pittsburgh

In a slow but steady revival, a former steel-making city gives its historical buildings new life as models of energy efficiency. Read more..

By CHRISTINE H. O'TOOLE - The New York Times

U.S. Hopes to Ease G.M. to Bankruptcy

The government is seeking to avoid court chaos by persuading at least some creditors to agree to a plan that would cleave General Motors into two pieces. Read more..

By MICHAEL J. de la MERCED and JONATHAN D. GLATER - The New York Times

With Humor, Glacéau Vitaminwater Introduces New Low-Calorie Beverage

The battle for the minds, and throats, of consumers who drink lower-calorie beverages has intensified with a new low-calorie line from Glacéau Vitaminwater. Read more..

By STUART ELLIOTT - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
Wells Fargo & Co.WFC13.7214.9413.6514.48157M
General ElectricGE9.9110.269.8010.17114M
JPMorgan ChaseJPM25.2928.2825.2928.14106M
Cisco SystemsCSCO16.5117.5416.3017.4673.4M
Oracle Corp.ORCL17.8618.6817.7318.5837.1M
AT&T Inc.T24.7726.0924.7725.9228.6M
Verizon CommunicationsVZ29.8631.4129.8331.2227.4M
Abbott LaboratoriesABT47.1247.1346.0046.7025.4M
Bristol-Myers SquibbBMY21.4822.0521.1121.9725.4M
Wal-Mart StoresWMT51.3853.0551.2252.8222.7M
Home DepotHD23.1523.8922.9223.8321.4M
HP Inc.HPQ31.3633.0530.9832.8820.9M
Procter & GamblePG46.7548.4846.2948.2117.1M
Johnson & JohnsonJNJ52.3053.2051.8853.0413.7M
Gilead SciencesGILD45.1045.5044.3245.1813.4M
Walt Disney & Co.DIS17.9218.8217.8418.7912.9M
UnitedHealth GroupUNH20.6121.1019.8520.6812.8M
International Business MachinesIBM96.1398.0095.7097.6112.2M
United TechnologiesUTX42.4544.1842.0643.887.21M
Union PacificUNP40.6841.9939.8241.606.08M
Berkshire HathawayBRK.B2765.002843.002755.002819.0046.9K
Exchange Rates of April 1st, 2009
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 98.630 JPY1 JPY = 0.010 USD
US DollarCanadian Dollar1 USD = 1.259 CAD1 CAD = 0.794 USD
US DollarSwiss Franc1 USD = 1.146 CHF1 CHF = 0.873 USD
US DollarChinese Yuan1 USD = 6.835 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 130.530 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.916 GBP1 GBP = 1.092 EUR
EuroAustralian Dollar1 EUR = 1.895 AUD1 AUD = 0.528 EUR
EuroCanadian Dollar1 EUR = 1.667 CAD1 CAD = 0.600 EUR
EuroSwiss Franc1 EUR = 1.517 CHF1 CHF = 0.659 EUR
EuroChinese Yuan1 EUR = 9.041 CNY1 CNY = 0.111 EUR
Japanese YenPound Sterling1 JPY = 0.701 GBP1 GBP = 1.427 JPY
Japanese YenAustralian Dollar1 JPY = 1.451 AUD1 AUD = 0.689 JPY
Japanese YenCanadian Dollar1 JPY = 1.276 CAD1 CAD = 0.784 JPY
Japanese YenSwiss Franc1 JPY = 1.162 CHF1 CHF = 0.861 JPY
Pound SterlingAustralian Dollar1 GBP = 2.070 AUD1 AUD = 0.483 GBP
Pound SterlingCanadian Dollar1 GBP = 1.821 CAD1 CAD = 0.549 GBP
Pound SterlingSwiss Franc1 GBP = 1.656 CHF1 CHF = 0.604 GBP
Pound SterlingChinese Yuan1 GBP = 9.870 CNY1 CNY = 0.101 GBP
Australian DollarCanadian Dollar1 AUD = 0.879 CAD1 CAD = 1.138 AUD
Australian DollarSwiss Franc1 AUD = 0.800 CHF1 CHF = 1.251 AUD
Australian DollarChinese Yuan1 AUD = 4.769 CNY1 CNY = 0.210 AUD
Canadian DollarSwiss Franc1 CAD = 0.909 CHF1 CHF = 1.100 CAD
Canadian DollarChinese Yuan1 CAD = 5.429 CNY1 CNY = 0.184 CAD
Swiss FrancChinese Yuan1 CHF = 5.960 CNY1 CNY = 0.168 CHF

See what else happened on April 1st, 2009