Financial news on March 02, 2016

Business and Financial news
A Conversation With Paul L. Whalen

Vivian Marino 30-Minute Interview with Paul L Whalen, partner of New York-based Robert A M Stern Architects. Read more..

By VIVIAN MARINO - The New York Times

A Taunt From Dimon That Wells Fargo Would Be Reckless to Heed

A move into investment banking could help Wells Fargo grow globally, but it would push the lender deeper into businesses it does not know well. Read more..

By JEFFREY GOLDFARB - The New York Times

Aubrey McClendon, Ex-Head of Chesapeake Energy, Is Charged With Conspiracy

Justice Dept announces it has charged former Chesapeake Energy head Aubrey K McClendon with conspiring to keep down prices paid for oil and natural gas leases; McClendon, who bought up gas fields across United States and helped spur natural gas industry, is accused of getting two oil and gas companies to agree to not bid against each other for leases in Oklahoma from 2007 to 2012. Read more..

By CLIFFORD KRAUSS - The New York Times

Auto Sales Up in February, Helped by Cheap Gas and Easy Credit

Several companies report significant increase in United States automobile sales in February, helped by cheap gas and easy credit to buy new vehicles; analysts estimate seasonally adjusted annual sales rate in month will be over 17.5 million vehicles. Read more..

By BILL VLASIC - The New York Times

Glencore’s Big Loss Reflects Hard Times for Mining Companies

Glencore reports $5 billion loss in 2015, attributing decline in its fortunes to global price drop in raw materials; results are in line with other mining companies, which have been struggling in light of Chinese economic slowdown. Read more..

By STANLEY REED - The New York Times

Keeping Track of Windows Updates

Tech Tip Q&A on tracking Windows Updates on PC. Read more..

By J. D. BIERSDORFER - The New York Times

Lawmakers Urge Greater Care With Sales of Distressed Mortgages

A letter to the Housing and Urban Development secretary called for barring aggressive investors from buying distressed mortgages from housing agencies. Read more..

By LIZ MOYER - The New York Times

Negative-Yield Bonds for the Nimble Investor

Negative-yield bonds are worth buying as long as yields keep declining; even small price swings can hurt. Read more..

By SWAHA PATTANAIK - The New York Times

Sanders Campaign Will Travel On, but Path to Victory Is All but Blocked

Bernie Sanders, despite pockets of strength, simply isn’t doing well enough to overcome a huge deficit among black voters. Read more..

By NATE COHN - The New York Times

Stock Exchange Prices Grow So Convoluted Even Traders Are Confused, Study Finds

Royal Bank of Canada report finds United States' computer-driven stock markets are so complex that over 800 different pricing possibilities are being offered to firms across 12 official exchanges at any given time; bank, which is one of most prominent critics of computer-driven stock markets, has released report in advance of Senate hearing that will examine how system became so complicated. Read more..

By NATHANIEL POPPER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE29.7830.1829.7630.1837.2M
AT&T Inc.T37.2237.6937.1137.6921.5M
JPMorgan ChaseJPM59.2059.9058.9659.7620.9M
Cisco SystemsCSCO26.8026.9126.6026.9019M
Wells Fargo & Co.WFC48.8449.5748.6149.5718.7M
Verizon CommunicationsVZ51.3752.2051.1952.1214.8M
Oracle Corp.ORCL37.7637.8937.4337.7612.8M
HP Inc.HPQ10.9311.0610.7710.9012.5M
Procter & GamblePG81.5882.6680.8582.5512.1M
General MotorsGM30.0030.3229.8430.1512.1M
Gilead SciencesGILD89.6089.6887.9688.8010.6M
Johnson & JohnsonJNJ106.91107.41106.43107.049.77M
Wal-Mart StoresWMT66.2166.6766.0066.219.16M
Abbott LaboratoriesABT39.3539.5739.1039.347.5M
Walt Disney & Co.DIS97.6797.8396.4197.006.5M
Bristol-Myers SquibbBMY64.1865.0963.7164.906.15M
Union PacificUNP80.2480.8379.2579.505.61M
United TechnologiesUTX94.7696.0094.4095.535.45M
International Business MachinesIBM133.70137.44133.22136.305.22M
Home DepotHD125.48125.87124.46125.593.97M
Berkshire HathawayBRK.B136.95137.15135.81136.733.78M
UnitedHealth GroupUNH121.23121.84120.37121.272.67M
Exchange Rates of March 02, 2016
CurrenciesExchange Rates
US DollarEuro1 USD = 0.920 EUR1 EUR = 1.087 USD
US DollarJapanese Yen1 USD = 113.600 JPY1 JPY = 0.009 USD
US DollarPound Sterling1 USD = 0.710 GBP1 GBP = 1.408 USD
US DollarAustralian Dollar1 USD = 1.372 AUD1 AUD = 0.729 USD
US DollarCanadian Dollar1 USD = 1.343 CAD1 CAD = 0.745 USD
US DollarSwiss Franc1 USD = 0.996 CHF1 CHF = 1.004 USD
US DollarChinese Yuan1 USD = 6.551 CNY1 CNY = 0.153 USD
US DollarMexican Peso1 USD = 17.820 MXN1 MXN = 0.056 USD
US DollarSwidish Krona1 USD = 8.605 SEK1 SEK = 0.116 USD
EuroJapanese Yen1 EUR = 123.462 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.772 GBP1 GBP = 1.295 EUR
EuroAustralian Dollar1 EUR = 1.492 AUD1 AUD = 0.670 EUR
EuroCanadian Dollar1 EUR = 1.459 CAD1 CAD = 0.685 EUR
EuroSwiss Franc1 EUR = 1.083 CHF1 CHF = 0.923 EUR
EuroChinese Yuan1 EUR = 7.118 CNY1 CNY = 0.140 EUR
EuroMexican Peso1 EUR = 19.369 MXN1 MXN = 0.052 EUR
EuroSwidish Krona1 EUR = 9.354 SEK1 SEK = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.006 GBP1 GBP = 158.730 JPY
Japanese YenAustralian Dollar1 JPY = 0.012 AUD1 AUD = 82.645 JPY
Japanese YenCanadian Dollar1 JPY = 0.012 CAD1 CAD = 84.746 JPY
Japanese YenSwiss Franc1 JPY = 0.009 CHF1 CHF = 113.636 JPY
Japanese YenChinese Yuan1 JPY = 0.058 CNY1 CNY = 17.361 JPY
Japanese YenMexican Peso1 JPY = 0.157 MXN1 MXN = 6.369 JPY
Japanese YenSwidish Krona1 JPY = 0.076 SEK1 SEK = 13.210 JPY
Pound SterlingAustralian Dollar1 GBP = 1.932 AUD1 AUD = 0.518 GBP
Pound SterlingCanadian Dollar1 GBP = 1.890 CAD1 CAD = 0.529 GBP
Pound SterlingSwiss Franc1 GBP = 1.402 CHF1 CHF = 0.713 GBP
Pound SterlingChinese Yuan1 GBP = 9.222 CNY1 CNY = 0.108 GBP
Pound SterlingMexican Peso1 GBP = 25.083 MXN1 MXN = 0.040 GBP
Pound SterlingSwidish Krona1 GBP = 12.110 SEK1 SEK = 0.083 GBP
Australian DollarCanadian Dollar1 AUD = 0.978 CAD1 CAD = 1.022 AUD
Australian DollarSwiss Franc1 AUD = 0.726 CHF1 CHF = 1.378 AUD
Australian DollarChinese Yuan1 AUD = 4.771 CNY1 CNY = 0.210 AUD
Australian DollarMexican Peso1 AUD = 12.988 MXN1 MXN = 0.077 AUD
Australian DollarSwidish Krona1 AUD = 6.267 SEK1 SEK = 0.160 AUD
Canadian DollarSwiss Franc1 CAD = 0.742 CHF1 CHF = 1.348 CAD
Canadian DollarChinese Yuan1 CAD = 4.878 CNY1 CNY = 0.205 CAD
Canadian DollarMexican Peso1 CAD = 13.275 MXN1 MXN = 0.075 CAD
Canadian DollarSwidish Krona1 CAD = 6.406 SEK1 SEK = 0.156 CAD
Swiss FrancChinese Yuan1 CHF = 6.572 CNY1 CNY = 0.152 CHF
Swiss FrancMexican Peso1 CHF = 17.889 MXN1 MXN = 0.056 CHF
Swiss FrancSwidish Krona1 CHF = 8.632 SEK1 SEK = 0.116 CHF
Chinese YuanSwidish Krona1 CNY = 1.315 SEK1 SEK = 0.760 CNY

See what else happened on March 02, 2016