Financial news on March 3rd, 2010

Business and Financial news
Apple Sues Nexus One Maker HTC

In the lawsuit, Apple said HTC phones running Android violate 20 of its patents, including those relating to the iPhone’s ability to recognize the touch of multiple fingers on its screen at once. Read more..

By BRAD STONE - The New York Times

CF Returns to Terra Fray

CF Industries told shareholders in January that it was done chasing its big rival, Terra Industries, but an about-face by CF has brought it back with a new unsolicited bid worth $4.7 billion. Read more..


GMAC Chief Gets $1.2 Million in Pay for 45 Days’ Work

Michael Carpenter’s pay for a month and a half of work was equivalent to full-year pay of $9.5 million, according to a regulatory filing. Read more..

By BLOOMBERG NEWS - The New York Times

Greece Set to Release Austerity Plan

The government needs to raise an additional $4.8 billion in revenue to convince markets that it is serious about curbing its budget deficit and averting a debt crisis. Read more..

By NIKI KITSANTONIS - The New York Times

In Tracking Recovery, Jagged Lines

Whatever you thought at the start of the year about the recovery, you probably need to be more pessimistic today. Read more..

By DAVID LEONHARDT - The New York Times

Markets Struggle as Trading Day Nears an End

The main focus in the markets continues to be the Greek debt crisis and whether Germany and France are prepared to offer a lifeline. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Seeing the Investor Value in Being Green

Jamestown Properties, a German commercial real estate investment company, has decided it will go “green” with energy-saving overhauls in nearly its entire $4 billion portfolio of buildings. Read more..

By ALISON GREGOR - The New York Times

Selling Breast-Feeding Bras and Emotional Support

Bravado Designs, which makes bras for breast-feeding, considers online support for mothers central to its marketing efforts. Read more..

By ANDREW ADAM NEWMAN - The New York Times

Slumbering Pittsburgh Neighborhood Reawakens

Two big commercial developments help revitalize a once-thriving neighborhood in the city’s East End. Read more..

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

Viacom and Hulu Part Ways

The fracture with Viacom will take “The Daily Show With Jon Stewart” and other Comedy Central shows off the video site. Read more..

By BRIAN STELTER - The New York Times

Stock Markets

Values are reported in US Dollars

StockTicker symbolOpenHighLowCloseVolume
General ElectricGE15.9816.2915.9516.0383.8M
Cisco SystemsCSCO24.7024.9324.6024.8450.7M
Wells Fargo & Co.WFC27.9528.4527.9428.2035.9M
JPMorgan ChaseJPM41.6542.0641.3441.5327.6M
Oracle Corp.ORCL24.5124.6924.4024.5020.7M
AT&T Inc.T25.0325.0324.8124.8920.7M
Bristol-Myers SquibbBMY24.7424.7824.2524.3314.4M
Verizon CommunicationsVZ29.3229.3429.0329.1314.2M
Abbott LaboratoriesABT54.6054.8453.9254.0814M
Home DepotHD31.4331.8131.3231.4713.9M
Berkshire HathawayBRK.B81.3683.1580.7582.9511.9M
Wal-Mart StoresWMT53.3553.7553.1553.6611.6M
HP Inc.HPQ51.1151.3551.0051.1011.5M
Walt Disney & Co.DIS31.9531.9631.5531.6410.3M
Johnson & JohnsonJNJ63.5963.7563.2263.409.36M
Gilead SciencesGILD47.3147.6747.2547.578.82M
Procter & GamblePG63.6663.9063.4363.558.61M
UnitedHealth GroupUNH34.0534.3533.7734.108.09M
International Business MachinesIBM127.73128.02126.68126.886.39M
United TechnologiesUTX69.8470.3869.4369.604.84M
Union PacificUNP67.3368.0867.1067.213.29M
Exchange Rates of March 3rd, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 88.470 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.032 CAD1 CAD = 0.969 USD
US DollarSwiss Franc1 USD = 1.068 CHF1 CHF = 0.937 USD
US DollarChinese Yuan1 USD = 6.827 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 121.170 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.907 GBP1 GBP = 1.103 EUR
EuroAustralian Dollar1 EUR = 1.512 AUD1 AUD = 0.661 EUR
EuroCanadian Dollar1 EUR = 1.413 CAD1 CAD = 0.708 EUR
EuroSwiss Franc1 EUR = 1.462 CHF1 CHF = 0.684 EUR
EuroChinese Yuan1 EUR = 9.348 CNY1 CNY = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.748 GBP1 GBP = 1.336 JPY
Japanese YenAustralian Dollar1 JPY = 1.247 AUD1 AUD = 0.802 JPY
Japanese YenCanadian Dollar1 JPY = 1.166 CAD1 CAD = 0.858 JPY
Japanese YenSwiss Franc1 JPY = 1.207 CHF1 CHF = 0.829 JPY
Pound SterlingAustralian Dollar1 GBP = 1.667 AUD1 AUD = 0.600 GBP
Pound SterlingCanadian Dollar1 GBP = 1.558 CAD1 CAD = 0.642 GBP
Pound SterlingSwiss Franc1 GBP = 1.612 CHF1 CHF = 0.620 GBP
Pound SterlingChinese Yuan1 GBP = 10.294 CNY1 CNY = 0.097 GBP
Australian DollarCanadian Dollar1 AUD = 0.934 CAD1 CAD = 1.070 AUD
Australian DollarSwiss Franc1 AUD = 0.967 CHF1 CHF = 1.035 AUD
Australian DollarChinese Yuan1 AUD = 6.180 CNY1 CNY = 0.162 AUD
Canadian DollarSwiss Franc1 CAD = 1.034 CHF1 CHF = 0.967 CAD
Canadian DollarChinese Yuan1 CAD = 6.614 CNY1 CNY = 0.151 CAD
Swiss FrancChinese Yuan1 CHF = 6.390 CNY1 CNY = 0.156 CHF

See what else happened on March 3rd, 2010