Financial news on March 2nd, 2010

Business and Financial news
Buffett Casts a Wary Eye on Bankers

In his annual letter to shareholders, Warren Buffett took a shot at Wall Street and the incentive system for corporate “advice” on deals. Read more..

By ANDREW ROSS SORKIN - The New York Times

Campaign Commemorates Oscar’s Big Apple Connection (‘French’ and Otherwise)

A campaign is under way in New York to promote a weeklong celebration of the Academy Awards that takes a Gotham-centric focus. Read more..

By STUART ELLIOTT - The New York Times

Dodd Proposes Giving Fed the Task of Consumer Protection

The chairman of the Senate Banking Committee proposed giving the Federal Reserve responsibility for protecting consumers from abusive and deceptive financial products. Read more..

By SEWELL CHAN - The New York Times

How Safety Agency Investigates Complaints

The National Highway Traffic Safety Administration receives more than 30,000 complaints each year that capture more than 40 data points. Read more..

By JO CRAVEN McGINTY - The New York Times

HSBC Disappoints on Profit and Warns on Bad Loans

The bank’s profit for 2009 rose 1.9 percent to $5.8 billion, but the number was lower than analysts’ expectations. The bank also said it set more money aside for bad loans. Read more..

By JULIA WERDIGIER and BETTINA WASSENER - International Herald Tribune

Justices Hear Appeal of Ex-Chief of Enron

A lawyer for Jeffrey K. Skilling argued before the justices that poor jury selection and a vague honest-services law helped to convict his client unfairly in 2006. Read more..

By ADAM LIPTAK - The New York Times

Nasdaq and S.&P. Positive for the Year

A burst of enthusiasm was not enough to propel the Dow Jones industrial average above its Dec. 31 close. Read more..

By JAVIER C. HERNANDEZ - The New York Times

New Scrutiny on Censorship Issues for U.S. Companies in China

Now that Google has thrown down the gauntlet, American companies may find arguments about the need to obey local laws do not offer blanket protection from questions about conduct. Read more..

By DAN LEVIN - International Herald Tribune

Period Described

Ten links answers form a word ladder. Read more..

By JIM HORNE - The New York Times

Taxes and Fees Grow for Air Travelers

The fees and taxes on airline tickets are already high, and there are proposals to increase them. Read more..

By SUSAN STELLIN - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.9215.9515.8315.9052.6M
Cisco SystemsCSCO24.6624.7524.4424.6151.4M
Wells Fargo & Co.WFC27.4028.2127.3727.8745.6M
JPMorgan ChaseJPM41.9842.4041.3641.6233.9M
AT&T Inc.T25.0025.0624.7124.8833.4M
Oracle Corp.ORCL24.7924.9524.5224.5823.5M
Verizon CommunicationsVZ29.0529.2828.9029.2618.5M
Home DepotHD31.3931.5831.2731.3615.2M
Berkshire HathawayBRK.B82.2982.7380.7580.7715.2M
HP Inc.HPQ51.5651.7450.9351.1215M
Wal-Mart StoresWMT53.8353.8953.4753.5914.1M
Walt Disney & Co.DIS31.4131.9231.3931.8814.1M
Bristol-Myers SquibbBMY24.5924.7824.4524.7210.4M
Abbott LaboratoriesABT54.2254.7054.1354.5810.4M
Johnson & JohnsonJNJ63.3163.6463.0263.449.01M
Procter & GamblePG63.7263.8763.3463.718M
Gilead SciencesGILD47.2447.5646.9947.547.78M
UnitedHealth GroupUNH34.1134.3733.6133.957.08M
International Business MachinesIBM128.70129.09127.13127.426.01M
United TechnologiesUTX69.8970.0069.6469.755.96M
Union PacificUNP67.9068.1066.9367.274.27M
Exchange Rates of March 2nd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.840 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.036 CAD1 CAD = 0.966 USD
US DollarSwiss Franc1 USD = 1.075 CHF1 CHF = 0.930 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 120.960 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.909 GBP1 GBP = 1.100 EUR
EuroAustralian Dollar1 EUR = 1.507 AUD1 AUD = 0.664 EUR
EuroCanadian Dollar1 EUR = 1.410 CAD1 CAD = 0.709 EUR
EuroSwiss Franc1 EUR = 1.463 CHF1 CHF = 0.683 EUR
EuroChinese Yuan1 EUR = 9.292 CNY1 CNY = 0.108 EUR
Japanese YenPound Sterling1 JPY = 0.752 GBP1 GBP = 1.331 JPY
Japanese YenAustralian Dollar1 JPY = 1.245 AUD1 AUD = 0.803 JPY
Japanese YenCanadian Dollar1 JPY = 1.166 CAD1 CAD = 0.858 JPY
Japanese YenSwiss Franc1 JPY = 1.210 CHF1 CHF = 0.827 JPY
Pound SterlingAustralian Dollar1 GBP = 1.657 AUD1 AUD = 0.604 GBP
Pound SterlingCanadian Dollar1 GBP = 1.550 CAD1 CAD = 0.645 GBP
Pound SterlingSwiss Franc1 GBP = 1.608 CHF1 CHF = 0.622 GBP
Pound SterlingChinese Yuan1 GBP = 10.207 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.936 CAD1 CAD = 1.069 AUD
Australian DollarSwiss Franc1 AUD = 0.971 CHF1 CHF = 1.030 AUD
Australian DollarChinese Yuan1 AUD = 6.171 CNY1 CNY = 0.162 AUD
Canadian DollarSwiss Franc1 CAD = 1.037 CHF1 CHF = 0.964 CAD
Canadian DollarChinese Yuan1 CAD = 6.593 CNY1 CNY = 0.152 CAD
Swiss FrancChinese Yuan1 CHF = 6.349 CNY1 CNY = 0.158 CHF

See what else happened on March 2nd, 2010